Extension of Long Stop Date in respect of a Discloseable and Connected Transaction - Proposed Acquisition of Beijing Nova

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 the Cayman Islands with limited liability) (Stock Code: 331) EXTENSION OF LONG STOP DATE IN RESPECT OF A DISCLOSEABLE AND CONNECTED TRANSACTION – PROPOSED ACQUISITION OF BEIJING NOVA Reference is made to (i) the announcement (the “Announcement”) of FSE Lifestyle Services Limited (the “Company”) dated 1 February 2024 and (ii) the circular (the “Circular”) of the Company dated 1 March 2024 in relation to the Proposed Acquisition by the Purchaser a wholly-owned subsidiary of the Company from the Vendors. Unless otherwise defined in this announcement capitalised terms used in this announcement have the same meanings as defined in the Announcement and the Circular.As disclosed in the Announcement and the Circular the Purchaser has the right to extend the Long Stop Date from 30 June 2024 to 31 December 2024 in writing to the Vendors at any time on or before 30 June 2024.On 28 June 2024 the Purchaser exercised its right to extend the Long Stop Date from 30 June 2024 to 31 December 2024 in writing to the Vendors as additional time is required for the fulfilment of the following Conditions Precedent: (1) completion of the necessary registration with the relevant State Administration for Market Regulation in respect of the change in shareholders of Beijing Nova from the Vendors to the Purchaser change in directors of Beijing Nova change in articles of Beijing Nova and issuance of new business licence of Beijing Nova by the relevant State Administration for Market Regulation; (2) completion of the change report required to be submitted to the relevant Ministry of Commerce with respect to the investment of the Purchaser in Beijing Nova; and (3) completion of the report in respect of change in shareholders of Beijing Nova and amendments to the articles of association of Beijing Nova required to be submitted through the Insurance Intermediary Regulatory Information System.- 1 -Save as disclosed above all the other terms and conditions of the Agreement remain unchanged and in full force and effect.By order of the Board FSE Lifestyle Services Limited Lam Wai Hon Patrick Executive Vice-Chairman Hong Kong 28 June 2024 As at the date of this announcement the Board comprises Dr. Cheng Kar Shun Henry (Chairman) as non-executive Director Mr. Doo Wai Hoi William (Chairman) Mr. Lam Wai Hon Patrick (Executive Vice-Chairman) (also acts as alternate director to Dr. Cheng Kar Shun Henry) Mr. Poon Lock Kee Rocky (Chief Executive Officer) Mr. Doo William Junior Guilherme Mr. Lee Kwok Bong Mr. Soon Kweong Wah Mr. Wong Shu Hung and Dr. Cheng Chun Fai as executive Directors Mr. Kwong Che Keung Gordon Mr. Hui Chiu Chung Stephen Mr. Lee Kwan Hung Eddie Dr. Tong Yuk Lun Paul and Ms. Leung Wan Chong Christine as independent non-executive Directors.