PROGRESS UPDATE ON RESTRUCTURING OF BOARD OFDIRECTORS OF PRC SUBSIDIARIES OF THE GROUP

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.Mingfa Group (International) Company Limited 明发集团（国际）有限公司 (incorporated in the Cayman Islands with limited liability) (Stock Code: 00846) PROGRESS UPDATE ON RESTRUCTURING OF BOARD OF DIRECTORS OF PRC SUBSIDIARIES OF THE GROUP References are made to the announcements of the Company dated 26 February 2021 31 March 2021 30 April 2021 31 May 2021 30 June 2021 30 July 2021 31 August 2021 27 September 2021 3 November 2021 30 November 2021 31 December 2021 31 January 2022 28 February 2022 31 March 2022 29 April 2022 31 May 2022 30 June 2022 29 July 2022 31 August 2022 30 September 2022 31 October 2022 30 November 2022 30 December 2022 31 January 2023 28 February 2023 31 March 2023 28 April 2023 31 May 2023 30 June 2023 31 July 2023 31 August 2023 28 September 2023 31 October 2023 30 November 2023 29 December 2023 31 January 2024 29 February 2024 28 March 2024 and 30 April 2024 in relation to the progress update of the proposed restructuring of the respective boards of directors of the PRC Subsidiaries of the Company (the ‘‘Announcements’’). Capitalised terms used in the following disclosure of this announcement shall have the same meanings as defined in the Announcements unless otherwise defined herein.By way of this announcement the Board would like to report that as at the date of this announcement there are three (3) remaining PRC Subsidiaries that have submitted their applications for change of directors to the competent local regulatory bureau pending approvals. The proposed restructuring of board of directors at the subsidiary level will be completed after issuance of the related approvals by the local bureau.– 1 –The Company will make further announcement(s) on the material progress in relation to the proposed restructuring of the board of directors of the PRC Subsidiaries on a monthly basis.On behalf of the Board Mingfa Group (International) Company Limited POON WING CHUEN Company Secretary Hong Kong 31 May 2024 As at the date of this announcement the Board comprises: Executive Directors: Mr. Ng Man Fung Walter and Mr. Zhong Xiaoming Non-executive Director: Dr. Lam Lee G. (Chairman of the Board) Independent non-executive Mr. Lau Kin Hon Mr. Chu Kin Wang Peleus and Directors: Mr. Chan Sing Lai –2–