FURTHER DELAY IN DESPATCH OF CIRCULAR IN RELATION TO DISCLOSEABLE AND CONNECTED TRANSACTION IN RELATION TO THE ACQUISITION OF RIGHTS

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.CHINA STAR ENTERTAINMENT LIMITED (Incorporated in Bermuda with limited liability) (Stock Code: 326) FURTHER DELAY IN DESPATCH OF CIRCULAR IN RELATION TO DISCLOSEABLE AND CONNECTED TRANSACTION IN RELATION TO THE ACQUISITION OF RIGHTS Reference is made to (i) the announcement of China Star Entertainment Limited (the “Company”) dated 20 February 2024 in relation to the entering into of the Agreement; (ii) the announcement dated 15 March 2024 in relation to the delay in despatch of the Circular; and (iii) the announcements dated 15 April 2024 and 16 May 2024 in relation to the further delay in despatch of the Circular (the “Announcements”). Capitalised terms used herein shall have the same meanings as those defined in the Announcements unless stated otherwise.As disclosed in the Announcements the Circular containing amongst other things further information in respect of the Agreement the letter of advice from the Independent Board Committee to the Independent Shareholders and the recommendation of the independent financial adviser to the Independent Board Committee and the Independent Shareholders in respect of the Agreement and the transaction contemplated thereunder together with a notice convening the SGM and a form of proxy is expected to be despatched to the Shareholders on or before 31 May 2024.Since additional time is required for the Company to prepare and finalise certain information for inclusion in the Circular the date of despatch of the Circular is expected to be postponed to a date falling on or before 11 June 2024.By Order of the Board CHINA STAR ENTERTAINMENT LIMITED Heung Wah Keung Chairman Hong Kong 31 May 2024 As at the date of this announcement the executive Directors are Mr. Heung Wah Keung Ms. Chen Ming Yin Tiffany and Ms. Li Yuk Sheung and the independent non-executive Directors are Mr. Hung Cho Sing Mr. Ho Wai Chi Paul and Mr. Tai Kwok Leung Alexander.