DISCLOSEABLE TRANSACTIONPROVISION OF FINANCIAL ASSISTANCE

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 Financial Services Holdings Limited (Incorporated in Hong Kong with limited liability) (Stock Code: 605) DISCLOSEABLE TRANSACTION PROVISION OF FINANCIAL ASSISTANCE PROVISION OF FINANCIAL ASSISTANCE The Board is pleased to announce that on 12 July 2024 the Loan Agreement D was entered into between CDVC as the lender and Customer BY as the Borrower pursuant to which CDVC has agreed to grant the Loan D to the Borrower for a principal amount of RMB2000000 for one month term.Prior to the entering into of the Loan Agreement D CDVC Loan Agreement C was entered among CDVC as lender and Customer BY as the Borrower for the grant of a secured loan in the amount of RMB6500000 to the Borrower for six months term. Details of Loan Agreement C has been previously disclosed in the announcement of the Company dated 23 April 2024.Upon the drawdown of the Loan D CDVC has granted two secured loans in an aggregate amount of RMB8500000 to the Borrower.LISTING RULES IMPLICATIONS As an applicable percentage ratio under Rule 14.07 of the Listing Rules in respect of both Loan C and Loan D granted to the Borrower in aggregate exceeds 5% but is less than 25% the grant of both Loan C and Loan D in aggregate constitutes a discloseable transaction for the Company and is subject to notification and announcement requirements under Chapter 14 of the Listing Rules. 1PROVISION OF THE LOAN D The Board is pleased to announce that on 12 July 2024 the Loan Agreement D was entered into between CDVC as the lender and Customer BY as the Borrower pursuant to which CDVC has agreed to grant the Loan D to the Borrower for a principal amount of RMB2000000 for one month term.Summarised below are the principal terms of the Loan Agreement D.THE LOAN AGREEMENT D Date of Agreement : 12 July 2024 Lender : CDVC Borrower : Customer BY Principal : RMB2000000 Interest rate : 24% per annum Term : 1 month commencing from the drawdown date Security : (i) A second legal charge mortgage in respect of two commercial properties and one residential property located at Gaoxin District Chenghua District and Wuhou District Chengdu respectively which are the same collaterals under Loan Agreement C with valuation conducted by an independent property valuer in Chengdu with an aggregated market value of approximately RMB14380000 as at 29 January 2024 (ii) Personal guarantee executed by the Guarantor in favour of CDVC pursuant to which the Guarantor shall guarantee the repayment obligation of the Borrower under the Loan Agreement D Repayment : the Borrower will repay the interest and principal amount at maturity. 2THE LOAN AGREEMENT C Details of Loan Agreement C has been previously disclosed in the announcement of the Company dated 23 April 2024.INFORMATION ON THE CREDIT RISK RELATING TO THE LOAN D The making of Loan C and Loan D is collateralised against the same two commercial properties and a residential property. The collaterals provided by the Borrower for outstanding principal amount of Loan C and principal amount of Loan D are sufficient based on the value of the mortgaged properties for Loan D as determined by an independent valuer.The advances in respect of Loan D are also made on the basis of the Company’s credit assessments with reference to the facts that (i) the collaterals provided by the Borrower are at the prime site in Chengdu; (ii) the Borrower is a repeated customer and its net worth is strong and solid to prove its repayment ability; and (iii) the relatively short term nature of Loan D.After taking into account the factors as disclosed above in assessing the risks of the relevant advances the Company considers that the risks involved in the advances to the Borrower are manageable.INFORMATION ON THE BORROWER AND GUARANTOR Customer BY is a limited liability company established in the PRC whose principal business is power engineering construction and is a repeated customer of CDVC and there is no record of default as at the date of this announcement. Guarantor is an PRC individual and the Borrower’s ultimate beneficial owner. To the best of the knowledge information and belief of the Directors having made all reasonable enquiry the Borrower its ultimate beneficial owner and the Guarantor are Independent Third Parties and not connected with the Group.INFORMATION ON THE GROUP AND THE LENDER The Company is an investment holding company. The Group is principally engaged in provision of financial services in HK and the PRC. CDVC as the lender of Loan D is a non wholly-owned subsidiary controlled by the Company. 3REASONS FOR ENTERING INTO THE LOAN AGREEMENT D Taking into account the principal business activities of the Group the grant of the Loan D to the Borrower is in the ordinary and usual course of business of the Group.The terms of the Loan Agreement D including the interest rate applicable were negotiated on an arm’s length basis between CDVC and the Borrower having taken into account the prevailing market terms and practice of transactions of similar nature. The Directors consider that the grant of the Loan D is a financial assistance provided by the Group within the meaning of the Listing Rules. The Directors are of the view that the terms of the Loan Agreement D were entered into on normal commercial terms based on the Group’s credit policy. Taking into account the satisfactory financial background of the Borrower and that a stable revenue and cashflow stream from the interest income is expected the Directors consider that the terms of the Loan Agreement D are fair and reasonable and the entering into of the Loan Agreement D is in the interests of the Company and its Shareholders as a whole.LISTING RULES IMPLICATIONS As an applicable percentage ratio under Rule 14.07 of the Listing Rules in respect of both Loan C and Loan D granted to the Borrower in aggregate exceeds 5% but is less than 25% the grant of both Loan C and Loan D in aggregate constitutes a discloseable transaction for the Company and is subject to notification and announcement requirements under Chapter 14 of the Listing Rules.DEFINITIONS In this announcement the following expressions have the following meanings: “Board” the board of Directors “Borrower” Customer BY“CDVC” Chengdu Vision Credit Limited（成都市武侯惠信小额贷款有限责任公司） is a sino-foreign enterprise established in the PRC whose principal business is the provision of loans to individuals and SME in Chengdu 4“Company” China Financial Services Holdings Limited a company incorporated in Hong Kong with limited liability the shares of which are listed on the Main Board of the Stock Exchange“Customer BY” Sichuan Huayu Electric Power Co. Ltd（四川华宇电力有限公司） a limited liability company established in the PRC whose principal business is power engineering construction and is ultimately beneficially wholly owned by Ms. Li Yuanxia（李媛霞） who is a merchant and an Independent Third Party “Director(s)” the director(s) of the Company “Group” the Company and its subsidiaries “Guarantor” Ms. Li Yuanxia（李媛霞） an individual who is an Independent Third Party and the Borrower’s ultimate beneficial owner “Hong Kong” the Hong Kong Special Administrative Region of the PRC“Independent Third party(ies) who is/are independent of the Company and itsParty(ies)” connected person(s) (as defined in the Listing Rules) “Listing Rules” the Rules Governing the Listing of Securities on the Stock Exchange “PRC” People’s Republic of China for the purpose of this announcement does not include Hong Kong and Macau Special Administrative Region of the PRC and Taiwan “Share(s)” share(s) in the share capital of the Company “Shareholder(s)” holder(s) of the Share(s) “Stock Exchange” The Stock Exchange of Hong Kong Limited 5“the Loan C” the first legal charge mortgage loan in the amount of RMB6500000 granted to the Borrower under the Loan Agreement C “the Loan Agreement C” the loan agreement made between CDVC and the Borrower for the Loan C on 23 April 2024 “the Loan D” the second legal charge mortgage loan in the amount of RMB2000000 granted to the Borrower under the Loan Agreement D “the Loan Agreement D” the loan agreement made between CDVC and the Borrower for the Loan D on 12 July 2024 By Order of the Board China Financial Services Holdings Limited Chung Chin Keung Company Secretary Hong Kong 12 July 2024 As at the date of this announcement the directors of the Company are: Executive Director: Mr. Zhang Min (Chief Executive Officer) Non-executive Director: Mr. Tao Chun Independent Non-executive Directors: Mr. John Paul Ribeiro Mr. Zhang Kun Mr. Chan Chun Keung Mr. Lee Ka Wai Madam Zhan Lili 6