General Announcement::VOLUNTARY ANNOUNCEMENT PROPOSED SHARE REPURCHASE UNDER THE REPURCHASE MANDATE

The Issuer hereby announces that it intends to partially exercise its powers under the Repurchase Mandate to repurchase certain number of Shares to the extent that none of the Shareholders would become obliged to make a mandatory offer in accordance with Rule 26 and Rule 32 of The Codes on Takeovers and Mergers and Share Buy-backs in the open market at appropriate timing on The Stock Exchange of Hong Kong Limited, after the completion of the subscription of 7,176,943,498 Shares as set out in the announcement of the Company dated 19 November 2019 until the conclusion of the next annual general meeting of the Company or revocation or variation of the Repurchase Mandate by the Shareholders in general meeting.

More details can be found in the attachment.