Somerley Capital : POSITIVE PROFIT ALERT

190008e-main_e

1st Proof 9/1/2019

Hong Kong Exchanges and Clearing Limited and The Stock Exchange of Hong Kong Limited (the "Stock Exchange") take no responsibility for the contents of this announcement, make no representation as to its accuracy or completeness and expressly disclaim any liability whatsoever for any loss howsoever arising from or in reliance upon the whole or any part of the contents of this announcement.

Somerley Capital Holdings Limited อϵлፄ༟છٰϞࠢʮ̡

(Incorporated in the Cayman Islands with limited liability)

(Stock Code: 8439)

POSITIVE PROFIT ALERT

This announcement is made by Somerley Capital Holdings Limited (the "Company", and together with its subsidiaries, the "Group") pursuant to Rule 17.10(2) of the Rules Governing the Listing of Securities on GEM of the Stock Exchange (the "GEM Listing Rules") and the Inside Information Provisions (as defined under the GEM Listing Rules) under Part XIVA of the Securities and Futures Ordinance (Chapter 571, Laws of Hong Kong).

The board (the "Board") of directors of the Company wishes to inform the shareholders of the Company (the "Shareholders") and potential investors that, based on the information currently available and a preliminary review of the Group's unaudited consolidated management accounts for the nine months ended 31 December 2018, the Group is expected to record increases of not less than 25% in revenue and not less than 100% in after-tax profit as compared to the revenue of approximately HK$53.7 million and after-tax profit of approximately HK$4.3 million for the corresponding period in 2017. The increases in the revenue and net profit of the Group are primarily attributable to the factors set out in the previous positive profit alert announcement of the Company dated 31 October 2018 and the completion of another substantial financial advisory engagement during the quarter ended 31 December 2018. The improvement in the nine months' financial performance as compared to the corresponding period in 2017 is welcome but the outcome for the year ending 31 March 2019 is subject to the results of the Group for the current quarter for which there is less visibility than normal.

As the Company is still in the course of finalising the results of the Group for the nine months ended 31 December 2018, the information contained in this announcement is a preliminary assessment by the Board based on the unaudited consolidated management accounts of the Group, which have not been audited or reviewed by the Company's auditors, and are subject to, the review of the Company's audit committee. The results of the Group for the nine months ended 31 December 2018 are scheduled to be approved and announced by the Board in mid-February 2019.

Shareholders and potential investors of the Company are advised to exercise caution when dealing in the shares of the Company.

for and on behalf of

Somerley Capital Holdings Limited

SABINE Martin Nevil

Chairman

Hong Kong, 9 January 2019

As at the date of this announcement, the executive directors of the Company are Mr. SABINE Martin Nevil, Mr. CHEUNG Tei Sing Jamie and Mr. CHOW Wai Hung Kenneth; the independent non-executive directors of the Company are Mr. CHENG Yuk Wo and Mr. YUEN Kam Tim Francis.

This announcement, for which the directors of the Company collectively and individually accept full responsibility, includes particulars given in compliance with the GEM Listing Rules for the purpose of giving information with regard to the Company. The directors of the Company, having made all reasonable enquiries, confirm that, to the best of their knowledge and belief, the information contained in this announcement is accurate and complete in all material respects and not misleading or deceptive, and there are no other matters the omission of which would make any statement herein or this announcement misleading.

This announcement will remain on the "Latest Company Announcements" page of the GEM website atwww.hkgem.comfor at least 7 days from the date of its posting and will also be published on the Company's website atwww.somerleycapital.com.

190008e-main_e

1st Proof 9/1/2019