Reference is made to Hua-An’s announcement made on 6 October 2020.

The Board of Directors of Hua-An wishes to inform that the proposed acquisition of 10,000 ordinary shares in HK Aerospace, representing 50% of the total issued and paid up share capital in HK Aerospace has been completed on 14 October 2020, in accordance with the terms and conditions of the Share Purchase Agreement dated 6 October 2020.

This announcement is dated 14 October 2020.