CLARIFICATION ANNOUNCEMENT
Reference is made to the supplemental announcement (the “Supplemental Announcement”) of Earthasia International Holdings Limited (the “Company”) dated 28 January 2021 in relation to the announcement (the “Announcement”) of the Company dated 19 January 2021 in relation to the Subscription. Unless the context requires otherwise, capitalised terms used herein shall have the same meanings as those defined in the Announcement.
The Company noted that there is an error in the figures in the summary of the total funds that may be raised under each of (i) the First Note; (ii) the Convertible Notes issuable up to Minimum Commitment; and (iii) the Convertible Notes issuable up to the Total Commitment at the Adjusted Conversion Price of HK$0.57 per Conversion Shares showing the (i) specific amount of proceeds and (ii) usage of proceeds raised (the “Summary”) on page 12 of the Supplemental Announcement.