Huabang Financial : PRECAUTIONARY MEASURES FOR THE ANNUAL GENERAL MEETING TO BE HELD ON 27 AUGUST 2020

Hong Kong Exchanges and Clearing Limited and The Stock Exchange of Hong Kong Limited take no responsibility for the contents of this announcement, make no representation as to its accuracy or completeness and expressly disclaim any liability whatsoever for any loss howsoever arising from or in reliance upon the whole or any part of the contents of this announcement.

(Incorporated in the Cayman Islands with limited liability)

(Stock code: 3638)

PRECAUTIONARY MEASURES FOR THE ANNUAL GENERAL MEETING

TO BE HELD ON 27 AUGUST 2020

Reference is made to the circular (the "Circular") and the notice (the "Notice") of the annual general meeting of Huabang Financial Holdings Limited (the "Company") both dated 21 July 2020 in relation to the annual general meeting of the Company to be held at 33rd Floor, Enterprise Square Three, 39 Wang Chiu Road, Kowloon Bay, Hong Kong (the "AGM Venue") on Thursday, 27 August 2020 at 11:00 a.m. (the "AGM"). The Company confirms that it proposes to hold the AGM as scheduled. Unless otherwise stated, capitalized terms used herein shall have the same meanings as those defined in the Circular and the Notice.

In view of the recent development of the COVID-19 pandemic and the Prevention and Control of Disease (Prohibition on Group Gathering) Regulation (Chapter 599G of the Laws of Hong Kong) (the "Regulation"), the Company will implement the following precautionary measures at the AGM to ensure the safety of the Shareholders and participants attending the AGM:

1. The number of seats of the AGM will be reduced to allow social distancing. As a result, there will be limited capacity for the Shareholders to attend the AGM. The Company may limit the number of attendees at the AGM as may be necessary to avoid over-crowding;
2. Shareholders who physically attend the AGM (in person or by proxy) will be split into different groups and will be arranged to sit in meeting room or partitioned area, with not more than the maximum number of persons in each room as allowed by the Regulation;
3. At the entrance of the AGM Venue, a compulsory body temperature check will be conducted on every person attending the AGM. Any person with a body temperature of over 37.4 degrees Celsius or who has any flu-like symptoms or is otherwise unwell will be denied entry into the AGM Venue or be required to leave the AGM Venue;
4. Any attendee who is subject to any compulsory quarantine prescribed by Department of Health of Hong Kong will be denied entry into the AGM Venue;

- 1 -

1. Every attendee (including but not limited to, the Shareholder or proxy or corporate representative) must wear a surgical face mask before entering the AGM Venue as well as throughout the course of the AGM;
2. Should any attendee decline to comply with any of the abovementioned measures, the Company reserves the right to deny such person to enter into the AGM Venue or request him/her to leave the AGM Venue; and
3. No gift, food or beverages will be provided at the AGM.

The Shareholders are requested (a) to consider carefully the risk of attending the AGM, which will be held in an enclosed environment; (b) to follow the guidelines or requirements of the HKSAR government relating to COVID-19 in deciding whether or not to attend the AGM; and (c) not to attend the AGM if they have contracted or are suspected to have contracted COVID-19 or have been in close contact with anybody who has contracted or is suspected to have contracted COVID-19.

The Company strongly recommends shareholders to appoint the Chairman of the AGM as his/her proxy to vote on the resolutions, instead of attending the AGM in person.

The form of proxy can be downloaded from the Company's website (www.huabangfinancial.com) or the website of Hong Kong Exchanges and Clearing Limited (www.hkexnews.hk). Please be reminded that the completed proxy form must be deposited at the Company's branch share registrar and transfer office in Hong Kong, Tricor Investor Services Limited at Level 54, Hopewell Centre, 183 Queen's Road East, Hong Kong as soon as possible and in any event not less than 48 hours before the time appointed for holding the AGM (i.e. not later than 11:00 a.m. on Tuesday, 25 August 2020), or any adjourned meeting (as the case may be).

Subject to the development of COVID-19 pandemic, the Company may implement further precautionary measures for its AGM. The Company will announce relevant changes to any measures prior to the AGM, if necessary.

By Order of the Board

Huabang Financial Holdings Limited

George Lu

Chairman & Chief Executive Officer

Hong Kong, 14 August 2020

As at the date of this announcement, the executive Director of the Company is Mr. George Lu; the non-executive Director of the Company is Mr. Pang Chung Fai Benny; and the independent non- executive Directors of the Company are Mr. Loo Hong Shing, Vincent, Mr. Zhu Shouzhong and Mr. Li Huaqiang.

- 2 -