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INSIDE INFORMATION - ANNOUNCEMENT IN RELATION TO THE DESIGNATION OF THE ADMINISTRATORS FOR TWO SUBSIDIARIES OF THE COMPANY BY THE COURT

2024-05-29 00:00:00

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.Leading Holdings Group Limited领地控股集团有限公司 (Incorporated in the Cayman Islands with limited liability) (Stock Code: 6999) INSIDE INFORMATION ANNOUNCEMENT IN RELATION TO THE DESIGNATION OF THE ADMINISTRATORS FOR TWO SUBSIDIARIES OF THE COMPANY BY THE COURT This announcement is made by Leading Holdings Group Limited (the “Company” together with its subsidiaries the “Group”) pursuant to Rules 13.09(2)(a) and 13.25 of the Rules (the “Listing Rules”) Governing the Listing of Securities on The Stock Exchange of Hong Kong Limited (the “Stock Exchange”) and the Inside Information Provisions (as defined in the Listing Rules) under Part XIVA of the Securities and Futures Ordinance (Chapter 571 of the Laws of Hong Kong).Reference is made to the announcements (the “Announcements”) of the Company dated 18 April 2024 and 8 May 2024 in relation to the bankrupcy liquidation applications againstChengdu Lingyuan Yinghe Real Estate Co. Ltd. (成都领源英赫置业有限公司) (“ChengduLingyuan”) and Chengdu Runde Yinghe Real Estate Co. Ltd.* (成都润德英赫置业有限 公司) (“Chengdu Runde”). Capitalised terms used herein shall have the same meanings as those defined in the Announcements unless defined otherwise.The Company was recently informed that Chengdu Shuangliu District People’s Court (成都 市双流区人民法院) issued a decision letter for the designation of Beijing Kangda (Chengdu) Law Firm* (北京康达(成都)律师事务所) and Sichuan Zhongfa Accounting Firm Co.Ltd.* (四川中砝会计师事务所有限责任公司) as administrators (the “Administrators”) of Chengdu Lingyuan and Chengdu Runde.As a result both Chengdu Lingyuan and Chengdu Runde will be administrated by the Administrators and the Company has discussed and confirmed with its auditors that each of them will cease to be consolidated (the “Cessation of Consolidation”) in the financial statements of the Group thereafter. The Company expects that the total asset of the Group – 1 –will be decreased by approximately RMB3.75 billion after the Cessation of Consolidation.The Board is of the view that the Cessation of Consolidation will not materially affect the cash flow and the daily operation of the Group.The Company is seeking professional advice on the matter and will strive to cooperate with the court and the Administrators and use its best efforts to reach a consensus with the creditors in formulating a reorganization proposal/solution acceptable to all stakeholders after balancing their legitimate rights and interests.The Company will continue to closely monitor the development of the above matter and will inform its shareholders and other investors by way of announcements as and when appropriate.Shareholders of the Company and potential investors are advised to exercise caution when dealing in the shares of the Company.By order of the Board Leading Holdings Group Limited Liu Yuhui Chairman Hong Kong 29 May 2024 As at the date of this announcement the Board comprises Mr. Liu Yuhui and Mr. Luo Changlin as executive directors and Ms. Luo Ying Ms. Liang Yunxing and Mr. Fang Min as independent non-executive directors.* for identification purpose only –2–