Lamtex : INSIDE INFORMATION - STATUTORY DEMAND

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)

INSIDE INFORMATION

STATUTORY DEMAND

This announcement is made by Lamtex Holdings Limited (the "Company") pursuant to the requirements of Rule 13.09 of the Rules Governing the Listing of Securities on The Stock Exchange of Hong Kong Limited (the "Listing Rules") and the Inside Information Provisions (as defined under the Listing Rules) under Part XIVA of the Securities and Futures Ordinance (Chapter 571 of the Laws of Hong Kong).

The board (the "Board") of directors (the "Directors") of the Company announces that the Company received a statutory demand (the "Statutory Demand") dated 20 July 2020 from the legal adviser acting on behalf of the creditor pursuant to Section 327(4)(a) of the Companies (Winding Up and Miscellaneous Provisions) Ordinance (Chapter 32 of Laws of Hong Kong) on 31 July 2020, demanding the Company to pay the amount of HK$2,042,630.14, being the principal amount of the bond issued by the Company to the creditor together with interest accrued thereon, within 3 weeks from the date of service of the Statutory Demand, failing which the creditor may present a winding up petition against the Company.

The Company is considering taking legal advice in this regard. Further announcement(s) relating to the Statutory Demand will be made by the Company as and when appropriate or as required under the Listing Rules.

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Shareholders and potential investors of the Company should exercise caution when dealing in the securities of the Company.

By Order of the Board

Lamtex Holdings Limited

Huang Bin

Chairman and Executive Director

Hong Kong, 3 August 2020

As at the date of this announcement, the Board comprises two Executive Directors, namely Mr. Huang Bin and Mr. Wu Xiaolin; two Non-Executive Directors, namely Ms. Zang Yanxia and Mr. Pan Xian; and two Independent Non-Executive Directors, namely Mr. Li Changhui and Mr. Liu Kam Lung.

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