Pa Shun International : INSIDE INFORMATION

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.

Pa Shun International Holdings Limited ϵڦ਷ყછٰϞࠢʮ̡

(Incorporated in the Cayman Islands with limited liability)

(Stock Code: 574)

INSIDE INFORMATION

This announcement is made by Pa Shun International Holdings Limited (the "Company") under Part XIVA of the Securities and Futures Ordinance (Chapter 571 of the Laws of Hong Kong) and pursuant to Rule 13.09(1) of the Rules Governing the Listing of Securities on The Stock Exchange of Hong Kong Limited (the "Stock Exchange"). Reference is made to the announcement of the Company dated 14 September 2020 (the "Announcement") in relation to the Petition. Capitalised terms used in this announcement shall be the same meanings as defined in the Announcement.

The Board announces that on 5 November 2020, it was notified that the Petition was withdrawn on 2 October 2020 by the order of the Court, after the full and final settlement reached by the Petitioner and the Company on the outstanding debts in the sum of HK$650,000.

Shareholders and/or potential investors of the Company are urged to exercise extreme caution when dealing in the securities of the Company.

By order of the Board

Pa Shun International Holdings Limited

Mr. Wu Guohua

Non-Executive Director

Hong Kong, 5 November 2020

As at the date of this announcement, the executive Directors are Mr. Shen Shun and Mr. Chen Rongxin; the non-executive Directors are Mr. Zhang Xiongfeng, Mr. Hu Haisong and Mr. Wu Guohua; and the independent non-executive Director is Mr. Liu Liangzhong.