Yorkey Optical International Cayman : DELAY IN DESPATCH OF CIRCULAR IN RELATION TO CONTINUING CONNECTED TRANSACTIONS

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YORKEY OPTICAL INTERNATIONAL (CAYMAN) LTD.

精 熙 國 際（ 開 曼 ）有 限 公 司 *

(Incorporated in the Cayman Islands with limited liability)

(Stock Code: 2788)

DELAY IN DESPATCH OF CIRCULAR

IN RELATION TO CONTINUING CONNECTED TRANSACTIONS

Reference is made to the announcement of Yorkey Optical International (Cayman) Ltd. (the "Company") dated 18 March 2021 in relation to the entry of new continuing connected transaction and extension of existing continuing connected transactions (the "Announcement"). Unless otherwise stated, capitalised terms used herein shall have the same meanings as those defined in the Announcement.

As stated in the Announcement, a circular (the "Circular") containing, among other things, (i) details of the Sale Framework Agreement (2022) and the proposed annual caps; (ii) details of the Processing Framework Agreement (2022) and the proposed annual caps; (iii) details of the Lease Agreement (Sintai) (2022) and the estimated value of the right-of-use assets; (iv) a letter of recommendations from the Independent Board Committee to the Independent Shareholders in respect of the Agreements and the Transactions (including proposed annual caps or the estimated value of the right-of-use assets (as the case may be)); and (v) a letter of advice from the Independent Financial Adviser to the Independent Board Committee and the Independent Shareholders in respect of the Agreements and the Transactions (including proposed annual caps or the estimated value of the right-of-use assets (as the case may be)) together with the notice convening the EGM is expected to be despatched to the Shareholders within 15 business days after the publication of the Announcement (i.e. on or before 13 April 2021).

As additional time is required for the Company to prepare and finalise certain information to be included in the Circular, the despatch of the Circular is expected to be further delayed to a date falling on or before 20 May 2021.

By order of the Board

YORKEY OPTICAL INTERNATIONAL (CAYMAN) LTD.

Kurihara Toshihiko

Executive Director and Chief Executive Officer

Hong Kong, 12 April, 2021

As at the date of this announcement, the Board comprises two executive Directors, namely, Mr. Lai I-Jen and Mr. Kurihara Toshihiko; one non-executive Director, namely, Ms. Wu Shu-Ping, and three independent non-executive Directors, namely, Mr. Lin Meng-Tsung, Mr. Liu Wei-Li and Mr. Wang Yi-Chi.

• For identification purpose only