Lamtex : FURTHER INFORMATION ON THE WINDING UP PETITION

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 Bermuda with limited liability)

(Stock Code: 1041)

FURTHER INFORMATION ON THE WINDING UP PETITION

Reference is made to the announcements (the "Announcements") of Lamtex Holdings Limited (the "Company") dated 26 August 2020 and 17 September 2020 in relation to a winding up petition (the "Petition") received by the Company on 20 August 2020. Capitalized terms used herein shall have the same meanings as defined in the Announcement.

POSITION OF HONG KONG SECURITIES CLEARING COMPANY LIMITED ("HKSCC")

By referring the Circular ref. no. CD/DNS/CCASS/332/2016 dated 28 December 2016 issued by HKSCC, the Company would like to remind shareholders and investors of the Company of the risk that HKSCC may suspend any of its services in respect of the Company's shares until the winding up petitions have been struck-out, dismissed or permanently stayed, or the Company has obtained a validation order.

As such, the Company wishes to remind its shareholders and potential investors that as the Petition was presented to the High Court of Hong Kong on 20 August 2020, the transfer of the shares of the Company made thereafter would be void without a validation order from the High Court of Hong Kong, unless the Petition has been struck out, dismissed or permanently stayed.

FURTHER ACTION TO BE TAKEN BY THE COMPANY

In view of the impact of the possible winding up order on the transfer of shares, upon request, the Company would seek advice from its legal adviser regarding the application to the High Court for a validation order. Shareholders are reminded that there is no guarantee that the validation order would be granted by the High Court. In the event where the validation order is not granted but the winding up order is not dismissed or permanently stayed, all transfer of shares, after the commencement of the winding up, shall be void. Further announcement(s) will be made by the Company to keep its shareholders and investors informed of any significant development of the Petition as and when appropriate.

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CONTINUED SUSPENSION OF TRADING

At the request of the Company, trading in the shares of the Company on the Stock Exchange was suspended from 9:00 a.m. on 3 August 2020 and will remain suspended until further notice.

The Company will keep the public informed by making further announcement as and when appropriate.

By the order of the Board

Lamtex Holdings Limited

Huang Bin

Chairman and Executive Director

Hong Kong, 22 September 2020

As at the date of this announcement, the Board comprises two Executive Directors, namely Mr. Huang Bin and Mr. Liu Kam Lung; three Non-Executive Directors, namely Ms. Zang Yanxia, Mr. Pan Xian and Mr. Sze Ka King; and four Independent Non-Executive Directors, namely Mr. Li Changhui, Mr. Cheung Chi Man Dennis, Mr. Fung Kim Shun and Dr. Wen Yanfeng.

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