Xiezhong International : JOINT ANNOUNCEMENT (1) PROPOSAL FOR THE PRIVATIZATION OF XIEZHONG INTERNATIONAL HOLDINGS LIMITED BY THE JOINT OFFERORS BY WAY OF A SCHEME OF ARRANGEMENT (UNDER SECTION 86 OF THE COMPANIES LAW) (2) PROPOSED WITHDRAWAL OF LISTING OF XIEZHONG INTERNATIONAL HOLDINGS LIMITED AND (3) SPECIAL DEALS RELATING TO SPECIAL ARRANGEMENTS MONTHLY UPDATE ANNOUNCEMENT

Hong Kong Exchanges and Clearing Limited and The Stock Exchange of Hong Kong Limited take no responsibility for the contents of this joint 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 joint announcement.

This joint announcement is for information purposes only and does not constitute an invitation or offer to acquire, purchase or subscribe for securities of the Joint Offerors or the Company, nor shall there be any sale, purchase or subscription for securities of the Joint Offerors or the Company in any jurisdiction in which such offer, solicitation or sale would be unlawful absent the filing of a registration statement or the availability of an applicable exemption from registration or other waiver. This joint announcement is not for release, publication or distribution in or into any jurisdiction where to do so would constitute a violation of the relevant laws of such jurisdiction.

Brilliance International Holding Limited	Golden Fair Chemical (Holding) Limited
光華國際控股有限公司	金輝化工（控股）有限公司
(Incorporated in the British Virgin Islands with limited liability)	(Incorporated in the British Virgin Islands with limited liability)

Xiezhong International Holdings Limited

協眾國際控股有限公司

(Incorporated in the Cayman Islands with limited liability)

(Stock code: 3663)

JOINT ANNOUNCEMENT

1. PROPOSAL FOR THE PRIVATIZATION OF XIEZHONG INTERNATIONAL HOLDINGS LIMITED
   BY THE JOINT OFFERORS
   BY WAY OF A SCHEME OF ARRANGEMENT (UNDER SECTION 86 OF THE COMPANIES LAW)
2. PROPOSED WITHDRAWAL OF LISTING OF XIEZHONG INTERNATIONAL HOLDINGS LIMITED

AND

1. SPECIAL DEALS RELATING TO SPECIAL ARRANGEMENTS MONTHLY UPDATE ANNOUNCEMENT

Financial Adviser to the Joint Offerors

Independent Financial Adviser to the Independent Board Committee

ALTUS CAPITAL LIMITED

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References are made to (i) the joint announcement issued by Xiezhong International Holdings Limited (the "Company"), Brilliance International Holding Limited and Golden Fair Chemical (Holding) Limited (the "Joint Offerors") dated February 28, 2021 (the "Announcement") in relation to, among other things, the Proposal, the Scheme, and the Special Arrangements; and (ii) the joint announcement issued by the Company and the Joint Offerors dated March 18, 2021 in relation to the extension of time for despatch of the Scheme Document. Unless otherwise defined, capitalized terms used in this joint announcement shall have the same meanings as those defined in the Announcement.

The Joint Offerors and the Company wishes to update the Shareholders and potential investors that the Joint Offerors and the Company are still in the process of finalizing the Scheme Document (including but not limited to the letter of advice from the Independent Financial Adviser and the property valuation report).

An application has been made to the Executive for consent to the extension of the latest date for despatching the Scheme Document from March 21, 2021 to May 31, 2021, and the Executive has granted such consent. For details, please refer to the joint announcement issued by the Company and the Joint Offerors on March 18, 2021.

Further announcement(s) in relation to the Proposal will be made by the Company and/ or the Joint Offerors as and when appropriate in accordance with the requirements of the Listing Rules and/or the Takeovers Code (as the case may be).

Warning: The Proposal and the Scheme are conditional upon the satisfaction or waiver (where applicable) of conditions. Accordingly, the Proposal may or may not be implemented, and the Scheme may or may not become effective. Shareholders and potential investors of the Company should therefore exercise caution when dealing in the securities of the Company. Persons who are in doubt as to the action they should take should consult their licensed securities dealers or registered institutions in securities, bank managers, solicitors, professional accountants or other professional advisers.

By Order of the board of directors of	By Order of the board of directors of
Brilliance International Holding Limited	Golden Fair Chemical (Holding) Limited
Chen Jiao	Cheng Gang
Director	Director
	By Order of the Board
	Xiezhong International Holdings Limited
	Chen Cunyou
	Chairman
Hong Kong, April 18, 2021

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As at the date of this joint announcement, the sole director of Offeror A is Ms. Chen Jiao.

The sole director of Offeror A accepts full responsibility for the accuracy of the information contained in this joint announcement (other than that relating to the Group and Offeror B) and confirms, having made all reasonable enquiries, that to the best of her knowledge, opinions expressed in this joint announcement (other than those expressed by the Directors and the directors of Offeror B) have been arrived at after due and careful consideration and there are no other facts not contained in this joint announcement, the omission of which would make any statement in this joint announcement misleading.

As at the date of this joint announcement, the directors of Offeror B are Mr. Cheng Gang and Mr. Zhong Ze.

The directors of Offeror B jointly and severally accept full responsibility for the accuracy of the information contained in this joint announcement (other than that relating to the Group and Offeror A) and confirm, having made all reasonable enquiries, that to the best of their knowledge, opinions expressed in this joint announcement (other than those expressed by the Director and the sole director of Offeror A) have been arrived at after due and careful consideration and there are no other facts not contained in this joint announcement, the omission of which would make any statement in this joint announcement misleading.

As at the date of this joint announcement, the Board comprises four executive Directors, namely Mr. Chen Cunyou, Mr. Ge Hongbing, Ms. Chen Xiaoting and Mr. Shen Jun; one non-executive Director, namely Mr. Guo Zhenjun; and three independent non-executive Directors, namely, Mr. Kam, Eddie Shing Cheuk, Mr. Cheung Man Sang and Mr. Zhang Shulin.

The Directors jointly and severally accept full responsibility for the accuracy of the information contained in this joint announcement (other than that relating to the Joint Offerors) and confirm, having made all reasonable enquiries, that to the best of their knowledge, opinions expressed in this joint announcement (other than those expressed by the directors of each of the Joint Offerors) have been arrived at after due and careful consideration and there are no other facts not contained in this joint announcement, the omission of which would make any statement in this joint announcement misleading.

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