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Best Mart 360 Holdings Limited, to introduce Hoi Tung Trading Company Limited as major shareholder

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HONG KONG SAR - Media OutReach - 24 August 2022 - Best Mart 360 Holdings Limited (�Best Mart 360� or the �Company�, together with its subsidiaries, the �Group�; stock code: 2360.HK), a leisure food retailer in Hong Kong, announced that Mr. Lin Tsz Fung and Ms. Hui Ngai Fan entered into a memorandum of understanding ( the �MOU�) with China Merchants Hoi Tung Trading Company Limited (the � China Merchants Hoi Tung Trading�), in relation to the possible sale and purchase of the Shares. Pursuant to the MOU, China Merchants Hoi Tung Trading intends to purchase 490,000,000 Shares in aggregate, representing 49% of the total issued Shares.

China Merchants Hoi Tung Trading is a wholly-owned subsidiary of China Merchants Group Limited and is a comprehensive trading company covering food, transportation, and commodity, with subsidiaries in 10 cities in China and 7 branches overseas.

Hashtag: #BestMart360

The issuer is solely responsible for the content of this announcement.

About Best Mart 360 Holdings Limited

Best Mart 360 Holdings Limited operates chain retail stores under the brand �Best Mart 360?�, offering wide selection of imported and pre-packaged leisure foods and other grocery products principally from overseas. It is the Group�s business objective to offer �Best Quality� and �Best Price� products to customers through continuous efforts on global procurement with a mission to provide comfortable shopping environment and pleasurable shopping experience to customers. As at 31 March 2022, the Group operated a total of 138 chain retail stores, spanning strategic locations with heavy pedestrian flow in Hong Kong, Macau and Shenzhen. Among the chain retail stores, the global gourmet brand �FoodVille� launched in September 2021 is also included, targeting the medium-to-high-end-market.

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