Xin Point : SUPPLEMENTAL ANNOUNCEMENT TO THE ANNUAL REPORT FOR THE YEAR ENDED 31 DECEMBER 2019

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Xin Point Holdings Limited

信 邦 控 股 有 限 公 司

(incorporated in the Cayman Islands with limited liability)

(Stock Code: 1571)

SUPPLEMENTAL ANNOUNCEMENT TO THE

ANNUAL REPORT FOR THE YEAR ENDED 31 DECEMBER 2019

References are made to the annual report of Xin Point Holdings Limited (the "Company") for the year ended 31 December 2019 (the "2019 Annual Report"). Unless otherwise defined, capitalized terms used in this announcement shall have the same meanings as those defined in the 2019 Annual Report.

USE OF PROCEEDS FROM THE LISTING

In accordance with the requirement of paragraph 11(8) of Appendix 16 to the Rules Governing the Listing of Securities on the Stock Exchange, the Board would like to provide further information for the 2019 Annual Report, in relation to the expected timeline for the application of the unutilised proceeds from the Listing, details of which are set out as below:

			Amount	Expected timeline
	Net proceeds		un-utilised	of full utilisation
	from the		as at	of the remaining
Percentage of	Company's	Amount	31 December	proceeds as at
total amount	IPO	Utilised	2019	31 December 2019
	RMB million	RMB million	RMB million

Purpose

Expanding and improving the production facilities in the PRC:

1. Set up the Huizhou New

	Production Base	20.9%	155.0	155.0	-	-
ii)	Construct the Wuxi New
	Production Base	10.3%	76.4	56.3	20.1	By end of 2020

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											Amount	Expected timeline
					Net proceeds				un-utilised	of full utilisation
						from the				as at	of the remaining
		Percentage of		Company's	Amount	31 December	proceeds as at
		total amount		IPO	Utilised	2019		31 December 2019
						RMB million	RMB million		RMB million
iii)	Construct a new electroplating
	production line	3.1%		23.0		23.0			-	-
iv)	Invest in plastic injection
	equipment	1.6%		11.9		11.9			-	-
Constructing the new production
base in Mexico and investing in
production facilities and
equipment	40.2%		298.1		248.0		50.1		By end of 2021
Reinforcing the market position and
enhancing the sales, increasing
the direct exposure in the
mid-to-high end automobile
manufacturing segment and
market shares in North America
and Europe	5.4%		40.0		1.3		38.7		By end of 2021
Enhancing the product quality,
product safety and R&D
capabilities	5.7%		42.3		20.7		21.6		By end of 2020
Enhancing-the information
technology and customer services
systems	4.8%		35.6		2.6		33.0		By end of 2021
Working capital and general
corporate purposes	8.0%		59.2		59.20			-	-
Total		100.0%		741.5		578.0		163.5

The above supplemental information does not affect other information contained in the 2019 Annual Report. Save as disclosed above, all other information contained in the 2019 Annual Report remains unchanged.

By Order of the Board

Xin Point Holdings Limited

Ma Xiaoming

Chairman

Hong Kong, 14 August 2020

As at the date of this announcement, the Board comprises Mr. MA Xiaoming, Mr. MENG Jun, Mr. ZHANG Yumin, Mr. LIU Jun, Mr. HE Xiaolu and Mr. JIANG Wei as executive directors; and Mr. TANG Chi Wai, Mr. GAN Weimin and Prof. CAO Lixin as independent non-executive directors.

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