China U Ton : COMPLETION OF ISSUE OF NEW SHARES UNDER GENERAL MANDATE

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CHINA U-TON FUTURE SPACE INDUSTRIAL GROUP HOLDINGS LTD.

中 國 優 通 未 來 空 間 產 業 集 團 控 股 有 限 公 司

(incorporated in the Cayman Islands with limited liability)

(Stock Code: 6168)

COMPLETION OF ISSUE OF NEW SHARES UNDER GENERAL MANDATE

The Board is pleased to announce that all the conditions of the Subscription have been fulfilled and completion of the Subscription took place on 21 August 2020 in accordance with the terms of the Subscription Agreement.

A total of 417,269,077 fully paid Subscription Shares, representing approximately 14.59% of the issued share capital of the Company as at the date of this announcement immediately after Completion, were allotted and issued by the Company to the Subscriber at the Subscription Price of HK$0.31 per subscription Share.

Reference is made to the announcements of China U-Ton Future Space Industrial Group Holdings Ltd. (formerly known as China U-Ton Holdings Limited) (the "Company") dated 23 April 2020, 27 April 2020 and 14 August 2020 in relation to the Subscription (the "Announcements"). Capitalised terms used herein shall have the same meanings as those defined in the Announcements, unless the content requires otherwise.

COMPLETION OF ISSUE OF NEW SHARES UNDER GENERAL MANDATE

The Board is pleased to announce that all the conditions of the Subscription have been fulfilled and completion of the Subscription took place on 21 August 2020 in accordance with the terms of the Subscription Agreement. A total of 417,269,077 fully paid Subscription Shares, representing approximately 14.59% of the issued share capital of the Company as at the date of this announcement immediately after Completion, were allotted and issued by the Company to the Subscriber at the Subscription Price of HK$0.31 per subscription Share.

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EFFECT ON SHAREHOLDING STRUCTURE OF THE COMPANY

So far as the Directors are aware, set out below are changes to the shareholding structure of the Company as a result of the completion of the Subscription.

	Immediately before		Immediately after
	completion of the		completion of the
	Subscription		Subscription
	Number of		Approximate		Number of	Approximate
	Shares	%		Shares	%
Mr. Jiang Changqing (Chairman) and
his associates (Note 1)	558,630,000	22.87	558,630,000	19.53
Mr. Chen Xiaotong and his associates (Note 2)	242,021,300	9.91	242,021,300	8.46
Hifood Group Holdings Co., Ltd. (Note 3)	200,540,000	8.21	200,540,000	7.01
Mr. Liu Xuezhong and his associates (Note 4)	193,918,000	7.94	193,918,000	6.78
Ms. Cheng Weihong and her associates (Note 5)	169,545,000	6.94	169,545,000	5.93
Mr. Cheng Datong	56,661,459	2.32	56,661,459	1.98
Mr. Li Zhanqing	35,632,849	1.46	35,632,849	1.25
The Subscriber (Note 6)	-		-	417,269,077	14.59
Other Shareholders	985,725,280	40.35	985,725,280	34.47
Total
2,442,673,888	100.00%	2,859,942,965	100.00%

Notes:

1. These comprise (i) 6,400,000 Shares owned by Mr. Jiang Changqing, as beneficial owner; (ii) 10,195,000 Shares owned by Mr. Jiang Changqing's spouse, Ms. Guo Aru, as beneficial owner; and (iii) 542,035,000 Shares indirectly held by Bright Warm Limited which is wholly owned by Mr. Jiang Changqing, who is the chairman and an executive Director of the Company.
2. These comprise (i) 28,224,200 Shares held by Mr. Chen Xiaotong and (ii) 213,797,100 Shares held by Beijing Xingyun Venture Capital Co., Ltd*（北京星雲創業投資有限公司）("Beijing Xingyun"). Beijing
   Xingyun is a company established in the PRC with limited liability. Beijing Xingyun is owned as to approximately 63.33% by Beijing Xingyun Qingke Investment Center (Limited Partnership)*（北京星雲 清科投資中心（有限合夥）) which is in turn ultimately controlled by Mr. Chen Xiaotong. Therefore, Mr. Chen Xiaotong is deemed to be interested in the 213,797,100 Shares owned by Beijing Xingyun by virtue of the SFO.
3. Hifood Group Holdings Co., Ltd. is owned as to 74.96% by HNA Aviation Investment Holding Company Ltd. HNA Aviation Investment Holding Company Ltd. is a wholly owned subsidiary of HNA Aviation (Hong Kong) Holdings Co., Limited, which is owned as to 51.28% by HNA Tourism (International) Investment Group Co., Limited. HNA Tourism (International) Investment Group Co., Limited is a wholly
   owned subsidiary of HNA Tourism International (Hong Kong) Co., Limited, which in turn is a wholly owned subsidiary of HNA Tourism Group Limited（海航旅遊集團有限公司）. HNA Group Co., Ltd. owns 69.96% of HNA Tourism Group Limited（海航旅遊集團有限公司）and is owned as to 70% by Hainan Traffic Administration Holding Co. Ltd.. Hainan Traffic Administration Holding Co. Ltd. is owned as to 50% by Tang Dynasty Development (Yangpu) Company Limited, which is owned as to 65% by Hainan Province Cihang Foundation. Therefore, the abovementioned companies (other than Hifood Group Holdings Co., Ltd.), are deemed to be interested in the 200,540,000 Shares owned by Hifood Group Holdings Co., Ltd. by virtue of the SFO.

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1. There comprise (i)193,508,000 Shares held by China Fund Limited and (ii) 410,000 Shares held by China Investment International Limited. China Investment International Limited is wholly owned by Asia Glory Management Group Limited. Each of Asia Glory Management Group and China Fund Limited is wholly owned by Luckever Holdings Limited, which in turn is owned as to 60.87% by Mr. Liu Xuezhong and 39.13% by Ms. Li Yuelan, and Ms. Li Yuelan is the spouse of Mr. Liu Xuezhong. Therefore, Mr. Liu Xuezhong and Ms. Li Yuelan are deemed to be interested in the 193,918,000 Shares owned by China Fund Limited and China Investment International Limited in total by virtue of the SFO.
2. Mighty Mark Investments Limited is a company incorporated in the British Virgin Islands and the entire issued capital of which is beneficially owned by Ms. Cheng Weihong. Therefore, Ms. Cheng Weihong is deemed to be interested in the 169,545,000 Shares owned by Mighty Mark Investments Limited by virtue of the SFO.
3. The Subscriber, namely Xin Jiang Bo Run Investment Holdings Limited*（新疆博潤投資控股有限公司）, is a company incorporated in China with limited liability and wholly owned by Urumqi Ganquanbao
   Economic Development Zone (Industry Zone) Finance Bureau (State-ownedAssets Supervision and Administration Commission)*（烏魯木齊甘泉堡經濟技術開發區（工業區）財政局（國有資產監督 管理委員會））. Therefore, Urumqi Ganquanbao Economic Development Zone (Industry Zone) Finance Bureau (State-ownedAssets Supervision and Administration Commission) is deemed to be interested in the 417,269,077 Shares owned by Xin Jiang Bo Run Investment Holdings Limited by virtue of the SFO.

By order of the Board

China U-Ton Future Space Industrial Group Holdings Ltd.

Jiang Changqing

Chairman and Executive Director

Hong Kong, 21 August 2020

As at the date of this announcement, the executive Directors are Mr. Jiang Changqing, Mr. Zhao Feng, Ms. Ji Huifang, Ms. Liu Jianzhou, Mr. Chen Qizheng and Mr. Liu Zhen; the non-executive Director is Mr. Ge Lingyue; the independent non-executive Directors are Mr. Meng Fanlin, Mr. Wang Haiyu, Ms. Teng Xun and Ms. Wu Hanpu.

Website: www.chinauton.com.hk

• For identification purpose only

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