COMMENCEMENT OF DE-LISTING PROCEDURES UNDER PARAGRAPH 9.28(6) OF THE BURSA MALAYSIA SECURITIES BERHAD MAIN MARKET LISTING REQUIREMENTS

Bursa Malaysia Securities Berhad (635998-W) (Bursa Securities) has on 27 June 2019 commenced de-listing procedures against Xingquan International Sports Holdings Limited (XINQUAN or the Company) pursuant to paragraph 9.28(6) of the Bursa Securities Main Market Listing Requirements (Main LR) in respect of XINQUAN’s failure to issue/announce various financial statements exceeding 6 months from the expiry of the due dates. Commencement of de-listing is undertaken against XINQUAN after enforcement actions were taken against XINQUAN and its directors for various breaches of the securities laws and Main LR.

In this regard:-

(a) the Company has been accorded 5 market days by Bursa Securities to make written representations to Bursa Securities as to why its securities should not be de-listed from the Official List of Bursa Securities; and

(b) in the event Bursa Securities decides to de-list the Company, the securities of the Company shall be removed from the Official List of Bursa Securities upon the expiry of 7 market days from the date of notification of the decision to de-list the Company or upon such other date as may be specified by Bursa Securities.

This Listing Circular supersedes the Listing Circular Reference Number ILC-27062019-00006 announced on 27 June 2019.