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.

This announcement is for information purposes only and does not constitute an invitation or offer to acquire, purchase or subscribe for the securities.

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)

UPDATE ON ISSUE OF NEW SHARES UNDER GENERAL MANDATE

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 and 27 April 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.

The Board would like to provide further update on the Subscription that, due to certain bank transfer administrative procedures involved during settlement of the payment by the Subscriber, completion of the Subscription has yet to take place as at the date of this announcement. Having said that, the Board expects that the Subscription will be completed by 21 August 2020.

The Company will make further announcement in respect of the Subscription as and when appropriate in accordance with the Listing Rules.

By order of the Board

China U-Ton Future Space Industrial Group Holdings Ltd

Jiang Changqing

Chairman and Executive Director

Hong Kong, 14 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

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China U-Ton Holdings Ltd. published this content on 14 August 2020 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 14 August 2020 12:22:05 UTC