100 degrees: Seeking to voluntarily market the main board in Hong Kong as a double board

ON 16 JULY, 100 DEGREES (09888.HK) ANNOUNCED TODAY THAT THE BOARD OF DIRECTORS HAD APPROVED A MOTION TO VOLUNTARILY CONVERT HKEX-GL112-22 TO A DUAL MAIN LISTING ON THE HONG KONG JOINT EXCHANGE BOARD (HKEX-GL12). MAJOR CONVERSIONS ARE EXPECTED TO TAKE EFFECT DURING THE YEAR. THE BOARD ALSO AUTHORIZED THE MANAGEMENT OF THE COMPANY TO UNDERTAKE THE PREPARATORY WORK AND TAKE THE NECESSARY STEPS TO COMPLETE THE MAIN CONVERSIONS. WITH THE MAIN CONVERSIONS, THE COMPANY WILL BE LISTED AS A TWO-DOMINANT COMPANY IN THE HONG KONG INTERCHANGE BOARD AND THE NASDAQ GLOBAL NICHE MARKET, AND ITS GENERAL A AND UNITED STATES DEPOSITORY SHARES WILL CONTINUE TO BE TRADED (AS APPROPRIATE) IN TWO STOCK EXCHANGES AND WILL REMAIN TRANSFERABLE. KIM XIAN