Jolimark : (1) COMPLETION OF TOP-UP PLACING OF EXISTING SHARES AND SUBSCRIPTION OF NEW SHARES; AND (2) UPDATE ON THE STATUS OF THE PUBLIC FLOAT OF THE COMPANY

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This announcement is for information purposes only and does not constitute an invitation or offer to acquire, purchase or subscribe for any securities of the Company. Neither this announcement nor any copy hereof may be taken into or distributed, directly or indirectly, in or into the United States.

JOLIMARK HOLDINGS LIMITED

(Incorporated in the Cayman Islands with limited liability)

(Stock code: 2028)

1. COMPLETION OF TOP-UP PLACING OF EXISTING SHARES AND SUBSCRIPTION OF NEW SHARES; AND
2. UPDATE ON THE STATUS OF THE PUBLIC FLOAT OF THE COMPANY

Placing Agent

The Board is pleased to announce that completion of the Placing and the Subscription took place on 24 January 2017 and 26 January 2017, respectively, in accordance with the terms and conditions of the Placing and Subscription Agreement.

Reference is made to the announcement of the Company dated 19 January 2017 in relation to the Placing and the Subscription ("Announcement"). Unless otherwise stated, capitalised terms used in this announcement shall have the same meanings as those defined in the Announcement.

COMPLETION OF TOP-UP PLACING OF EXISTING SHARES AND SUBSCRIPTION OF NEW SHARES

The Board is pleased to announce that completion of the Placing and the Subscription took place on 24 January 2017 and 26 January 2017, respectively. Pursuant to the terms and conditions of the Placing and Subscription Agreement, an aggregate of 18,000,000 Placing Shares have been successfully placed by the Placing Agent to not less than six placees at the Placing Price of HK$1.65 per Placing Share. To the best of the Directors' knowledge, information and belief and having made

all reasonable enquiries, the placees (and their beneficial owners, where applicable) are (i) independent of, not connected with and not acting in concert with or directly or indirectly funded by any of the Vendor or its concert parties; (ii) not connected persons of the Company and are independent of and not connected with the Company, the directors, chief executive or substantial shareholders of the Company or its subsidiaries, or any of their respective associates; and (iii) have not become substantial shareholders of the Company immediately following the Placing.

The shareholding structure of the Company (a) as at the date of the Placing and Subscription Agreement; (b) immediately after the completion of the Placing but before the Subscription; and (c) immediately after the completion of the Placing and the Subscription are as follows:

Shareholders Shareholding as at the date of this announcement Number of

Shares %

Shareholding immediately after completion of the Placing but before the Subscription

Number of

Shares %

Shareholding immediately after completion of the Placing and the Subscription

Number of

Shares %

The Vendor 417,721,533 65.40 399,721,533 62.58 417,721,533 63.61

Kent C. McCarthy 73,637,120 11.53 73,637,120 11.53 73,637,120 11.21

Placees - - 18,000,000 2.82 18,000,000 2.74

Public shareholders 147,367,347 23.07 147,367,347 23.07 147,367,347 22.44 Total 638,726,000 100.00 638,726,000 100.00 656,726,000 100.00

RESTORATION OF PUBLIC FLOAT

Reference is made to the announcements of the Company dated 21 December 2016 and 19 January 2017 in relation to the lack of public float of the Company.

Immediately upon completion of the Placing and the Subscription, approximately 25.18% of the Shares was held by the public. As public shareholders are holding more than 25% interest in the Company, the public float of the Company has been restored and the Company is in compliance with the minimum public float requirement under Rule 8.08 of the Listing Rules.

By order of the Board of Jolimark Holdings Limited Au Kwok Lun

Director

Hong Kong, 26 January 2017

As at the date of this announcement, the executive directors of the Company are Mr. Au Pak Yin, Mr. Au Kwok Lun and Mr. Ou Guo Liang, and the independent non-executive directors of the Company are Mr. Lai Ming, Joseph, Mr. Meng Yan, Mr. Xu Guangmao and Mr. Yeung Kwok Keung.