China Cloud Copper : APPOINTMENT OF INDEPENDENT FINANCIAL ADVISER

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.

AMBER HILL FINANCIAL HOLDINGS LIMITED

安 山 金 控 股 份 有 限 公 司

(Incorporated in the Cayman Islands with limited liability)

(STOCK CODE: 33)

APPOINTMENT OF INDEPENDENT FINANCIAL ADVISER

Reference is made to the announcement made by Amber Hill Financial Holdings Limited (the ''Company'') dated 11 September 2020 in relation to, among other things, the Share Consolidation, the Rights Issue, the Irrevocable Undertaking, the Subscription Agreement and the Whitewash Waiver (the ''Announcement''). Unless the context requires otherwise, capitalised terms used in this announcement shall have the same meanings as those defined in the Announcement.

The Board wishes to announce that pursuant to Rule 2.1 of the Takeovers Code, Rainbow Capital (HK) Limited, a corporation licensed to carry out type 6 (advising on corporate finance) regulated activity under the SFO, has been appointed as the independent financial adviser with the approval of the Connected Transaction Independent Board Committee and the Whitewash Independent Board Committee to advise the Connected Transaction Independent Board Committee, the Whitewash Independent Board Committee and the Independent Shareholders in respect of the Rights Issue, the Irrevocable Undertaking, the Subscription Agreement (together with the transactions contemplated thereunder) and the Whitewash Waiver.

The letter of advice from Rainbow Capital (HK) Limited will be included in the circular to be despatched by the Company.

On behalf of the Board

Amber Hill Financial Holdings Limited

Ng Yu

Chairman and Executive Director

Hong Kong, 18 September 2020

As at the date of this announcement, the Board comprises four executive Directors, namely Mr. Ng Yu, Mr. Wei Weicheng, Mr. Lin Feng and Mr. Chan Chi Ming; one non-executive Director Mr. Huang Shao Long; and three independent non-executive Directors, namely Mr. Anthony Espina, Mr. Wang Jun Sheng and Mr. Lo Hang Fong.

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The Directors jointly and severally accept full responsibility for the accuracy of the information contained in this announcement and confirm, having made all reasonable inquiries, that to the best of their knowledge, opinions expressed in this announcement have been arrived at after due and careful consideration and there are no other facts not contained in this announcement, the omission of which would make any statement in this announcement misleading.

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