JIA SIAO GROUP HOLDINGS LIMITED (THE “JIA SIAO GROUP”) ANNOUNCES THAT THE HEARING ON THE PETITION FOR LIQUIDATION ORIGINALLY SCHEDULED FOR 29 APRIL 2024 HAS BEEN POSTPONED UNTIL 24 JUNE 2024. Transfers of shares of the company from 6 July 2023 to the present are invalid unless the approval of a higher court is obtained. At present, the JIA Group has no intention of seeking an authorisation from the High Court and is in consultation with the Special Group on behalf of the Trustee of the Priority Notes and its advisers on offshore debt restructuring with a view to reaching a restructuring support agreement. THE COMPANY WILL DECIDE WHETHER TO APPLY FOR AN AUTHORIZATION ORDER TO THE HIGH COURT, LOOKING AT THE PROGRESS OF THE RESTRUCTURING ABROAD. The Company's shareholders and potential investors should treat the relevant securities transactions with caution. The announcement was made by Chairman and Executive Director Guo Ying Shing on 27 May 2024.

JIA SIAO GROUP HOLDINGS LIMITED (THE “JIA SIAO GROUP”) ANNOUNCES THAT THE HEARING ON THE PETITION FOR LIQUIDATION ORIGINALLY SCHEDULED FOR 29 APRIL 2024 HAS BEEN POSTPONED UNTIL 24 JUNE 2024. Transfers of shares of the company from 6 July 2023 to the present are invalid unless the approval of a higher court is obtained. At present, the JIA Group has no intention of seeking an authorisation from the High Court and is in consultation with the Special Group on behalf of the Trustee of the Priority Notes and its advisers on offshore debt restructuring with a view to reaching a restructuring support agreement. THE COMPANY WILL DECIDE WHETHER TO APPLY FOR AN AUTHORIZATION ORDER TO THE HIGH COURT, LOOKING AT THE PROGRESS OF THE RESTRUCTURING ABROAD. The Company's shareholders and potential investors should treat the relevant securities transactions with caution. The announcement was made by Chairman and Executive Director Guo Ying Shing on 27 May 2024.