(I) QUARTERLY UPDATE ON THE STATUS OF RESUMPTION;AND(II) CONTINUED SUSPENSION OF TRADING

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: 8221) (I) QUARTERLY UPDATE ON THE STATUS OF RESUMPTION; AND (II) CONTINUED SUSPENSION OF TRADING This announcement is made by Gaoyu Finance Group Limited (the “Company” together with its subsidiaries the “Group”) pursuant to Rule 17.26A of the Rules Governing the Listing of Securities on GEM (the “GEM Listing Rules”) of The Stock Exchange of Hong Kong Limited (the “StockExchange”).Reference is made to the announcements (the “Announcements”) of the Company dated (i) 28 June 2023 in relation to the decision of the GEM Listing Review Committee of the Stock Exchange and suspension of trading in the shares of the Company (the “Shares”); (ii) 21 July 2023 in relation to the resumption guidance (the “Resumption Guidance”) for the Company as set out in a letter from the Stock Exchange; and (iii) 28 September 2023 28 December 2023 and 28 March 2024 in relation to among others the quarterly update on the progress of the resumption. Unless otherwise specified capitalized terms used in this announcement shall have the same meanings as those defined in the Announcements.UPDATE ON PROGRESS OF RESUMPTION The Company wishes to inform the shareholders of the Company that on 7 June 2024 the Company has submitted a resumption proposal (the “Resumption Proposal”) to the Stock Exchange to seek resumption of trading of the Shares. The Resumption Proposal sets out among others actions taken and proposed to be taken by the Company to fulfill the conditions under the Resumption Guidance. On 14 June 2024 the Company received a comment letter on the Resumption Proposal from the listing division (the “Listing Division”) of the Stock Exchange and the Company is currently addressing their concerns and demonstrating its compliance with Rule 17.26 of the GEM Listing Rules. Further announcements will be made as and when appropriate should there be any material development on the resumption. 1CONTINUED SUSPENSION OF TRADING At the request of the Company trading in the Shares on the Stock Exchange has been suspended with effect from 9:00 a.m. on 29 June 2023 and will remain suspended until the Company fulfils the Resumption Guidance.Shareholders of the Company and potential investors are advised to exercise caution when dealing in the securities of the Company.By order of the Board Gaoyu Finance Group Limited Fok Yuk Tong Chairman and Executive Director Hong Kong 28 June 2024 As at the date of this announcement the Board comprises six Directors namely Mr. Fok Yuk Tong (Chairman) Ms. Hsieh Ching Chun and Ms. Fok Kit Yee as executive Directors; and Ms. Chan Hoi Wuen Katherine Mr. Tong Wing Chi and Mr. Kwan Tsz Chun Sun as independent non-executive Directors.This announcement for which the Directors collectively and individually accept full responsibility includes particulars given in compliance with the Rules Governing the Listing of Securities on the GEM of The Stock Exchange of Hong Kong Limited for the purpose of giving information with regard to the Company. The Directors having made all reasonable enquiries confirm that to the best of their knowledge and belief the information contained in this announcement is accurate and complete in all material respects and not misleading or deceptive and there are no other matters the omission of which would make any statement herein or this announcement misleading.This announcement will remain on the “Latest Listed Company Information” page of the website of The Stock Exchange of Hong Kong Limited at www.hkexnews.hk for at least 7 days from the date of its posting and be posted on the website of the Company at www.gyf.com.hk. 2