To the Shareholders

Reference is made to the announcement of the Company on The Stock Exchange of Hong Kong Limited (the "Stock Exchange") dated 31 March 2022. On 23 March 2022, the Company received a letter from the Stock Exchange informing the Company that the last day of listing of the Company’s shares (the “Shares”) was 1 April 2022, and the listing of the Shares would be cancelled with effect from 9:00 a.m. on 4 April 2022 (the “Delisting”).

Principal business operation will not be affected

The Company (together with its subsidiaries, the “Group”) is principally engaged in the design, development, manufacture and sale of air-conditioning products, and has established itself as a well-known brand for air-conditioning appliances over the years.

The purpose of this letter is to let shareholders understand that the Delisting has not affected and will not affect the normal business operations of the Group. As the Group's business does not depend solely on the previous listing status of the Company, it is expected that the Group's operations, business policy and development direction will not be significantly impacted or changed after the Delisting.

Meanwhile, the Board will continue to play its leadership role and fulfill its responsibilities to lead the Group in its future development and to act in the best interests of the Company.

Serving our stakeholders

After the Delisting, the Company still has many shareholders, employees and business partners. As such, the Board will continue to focus on serving all stakeholders in e pursuit of the Group’s future development.

Consequences to the Shareholders

After the Delisting, whilst the share certificates of the Shares remain valid, the Shares will not be listed on, and will not be tradeable on, the Stock Exchange.

All Shares currently registered in the name of HKSCC Nominees Limited will have to be removed and registered in the names of the beneficial owners (or their nominees). For those beneficial owners who wish to register their Shares in their own names, they must lodge completed transfer documents accompanied by the relevant share certificates with the Company’s Hong Kong branch registrar Tricor Investor Services Limited (“Tricor”). While the Company will maintain the Hong Kong branch register of members at Tricor until further notice, the Company would encourage those beneficial owners of Shares to register their Shares in their own names as soon as possible, if they have not done so yet. Tricor's contact information is listed below:

Tricor Investor Services Limited Address:       Level 54, Hopewell Centre, 183 Queen's Road East, Hong Kong Tel: (852) 2980 1333 Website:

The Company's communications channels

The Company has always attached great importance to maintaining communications with shareholders and actively provided information on the latest development of the Company. We are very happy to hear your comments and suggestions. The Company intends to communicate with our shareholders through announcements published on the Company’s own website. If you have any inquiries and comments, please feel free to contact us, and the Company will deal with them in a timely manner. The Company's contact information is listed below:

Chigo Holding Limited

Website: huanlecao.cn

Tel: (852) 2997 7449 Email: ir @ huanlecao.cn.hk

Board of directors Chigo Holding Limited

12 April 2022, Foshan, China

This letter is available in both English and Chinese (traditional and simplified versions) for reference. If there is any inconsistency between the Chinese and English versions of this letter, the Chinese version shall prevail.

Disclaimer: The above contact information is for shareholder communications and information purposes only (not for business purposes).