Link Asia International : VOLUNTARY ANNOUNCEMENT PROPOSED ISSUE OF BONDS

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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.

LINK-ASIAINTERNATIONAL CO. LTD.

環 亞 國 際 實 業 有 限 公 司

(incorporated in the Cayman Islands with limited liability)

(STOCK CODE: 1143)

VOLUNTARY ANNOUNCEMENT

PROPOSED ISSUE OF BONDS

On 28 August 2020, the Board considered and passed a resolution to approve, confirm and ratify the issue of the Bonds with aggregate principal up to HK$50 million. The principal terms of the Bonds are set out hereunder:

Issuer	:	The Company
Principal Amount	:	Up to HK$50 million
Issue Price	:	100% of the principal amount of the Bonds issued or to be
		issued
Maturity Date and	:	The Bonds shall mature on the Maturity Dates.
Interest
		The Bonds shall bear interest from and including the issue
		date of the Bonds up to the Maturity Date or the date on
		which such Bonds are redeemed (whichever is earlier) at
		the Interest Rate of their outstanding principal amount and
		payable in arrears annually.
Subscriber(s)	:	The Bonds will only be issued to the professional investor
		(as defined in the section 1 of Part 1 of Schedule 1 to the
		SFO) other than a connected person of the Company, its
		connected persons or any of their respective associates, or a
		resident of the Cayman Islands.
Minimum Subscription	:	Any subscription for the Bonds shall be made in amount of
Amount		not less than HK$2 million.

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Denomination	:	The Bonds are/will be issued in the denomination of HK$1
		million each or integral multiple thereof.
Status	:	The Bonds constitute direct, unconditional, unsubordinated
		and unsecured obligations of the Company and each Bond
		holder shall at all times rank pari passu with other Bond
		holders and without any preference among themselves (save
		for different Maturity Dates). The payment obligations of
		the Company under the Bonds shall, save for such
		exceptions as may be provided by applicable legislation, at
		all times rank at least equally with all its other present and
		future unsecured and unsubordinated obligations.
Listing	:	No application will be made for the listing of the Bonds on
		the Stock Exchange or any other stock exchanges.
Transferability	:	The Bonds will be freely transferrable except (a) during the
		period of seven days ending on the due date for any
		payment of any principal or interest on such Bonds; (b) to a
		connected person of the Company, its connected persons or
		any of their respective associates; or (c) to a resident of the
		Cayman Islands.
Redemption on	:	The Company shall redeem the whole of the outstanding
Maturity		Bonds at the redemption amount equivalent to 100% of
		their outstanding principal amount together with any
		accrued but unpaid interest and other amounts owing
		thereon within 5 business days of the Maturity Date. The
		Bond holders are not entitled to request the Company to,
		redeem the Bonds in whole or in part at its option prior to
		the Maturity Date except upon the occurrence of any of the
		events of default hereunder.
Events of Default	:	Any Bond holder may give notice to the Company
		requiring the Company to redeem the whole (but not part)
		of the outstanding principal amount of the Bonds upon the
		occurrence of any of the following events and at any time
		thereafter:
		(a) Payment default: a default is made in the payment of
		the principal or interest, in respect of any of the Bond
		when and as the same ought to be paid in accordance
		with the terms and conditions of the Bond and such
		default continues for a period of 15 business days; or

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1. Dissolution of the Company and Disposals: a resolution is passed or an order of a court of competent jurisdiction is made that the Company be would up or dissolved or the Company disposes of all or substantially all of its assets, otherwise, in any such case, than for the purposes of or pursuant to and followed by a consolidation, amalgamation, merger or reorganization, the terms of which shall have previously been approved in writing by the Bond holders; or
2. Encumbrances: an encumbrancer takes possession or a receiver is appointed of the whole or a material part of the assets or undertaking of the Group (taken as a whole); or
3. Distress etc.: a distress, execution or seizure before judgment is levied or enforced upon or against a material part of the property of the Group (taken as a whole) and is not discharged within 60 days thereof; or
4. Bankruptcy: the Company is unable to pay its debts as and when they fall due or the Company shall initiate or consent to proceedings relating to itself under any applicable bankruptcy, reorganization or insolvency law or make an assignment for the benefit of, or enter into any composition with, its creditors; or
5. Bankruptcy proceedings: proceedings shall have been initiated against the Company under any applicable bankruptcy, reorganization or insolvency law and such proceedings shall not have been discharged or stayed within a period of 60 days.

Upon any such notice being given to the Company, the redemption amount being 100% of the principal amount of the outstanding Bonds together with interest accrued and other amounts owing thereon will become due and payable in the manner provided in the terms and conditions of the Bonds on the business day falling after ten business days of the date of such notice.

As at the date of this announcement, the Company has not identified any Subscriber in respect of the subscription for the Bond or entered into any Subscription Agreement with any Subscriber, and no Bond has been issued.

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REASONS FOR THE ISSUE OF THE BONDS AND USE OF THE PROCEEDS

The Group is principally engaged in (i) electronic manufacturing services; (ii) marketing and distribution of communication products; (iii) the securities and other assets investment; and (iv) real estate supply chain services.

The Directors consider that raising funds by issuing Bonds provides an opportunity for the Company for the financing of potential acquisitions, the repayment of the existing debts and as the general working capital of the Group. The Directors consider that the issue of the Bonds is an appropriate means of raising additional capital for the Company since it will not have any dilution effect on the shareholding of the existing Shareholders.

The Company intends to use the net proceeds from the issue of the Bonds for the financing of potential acquisitions, the repayment of the existing debts and as the general working capital of the Group.

DEFINITIONS

The following terms have the following meanings in this announcement unless the context otherwise requires:

''associate'' ''Board'' ''business day''

''Company''

has the meaning ascribed thereto under the Listing Rules

the board of Directors

a day (other than a Saturday or a Sunday) on which banks in Hong Kong are generally open for normal banking business

Link-Asia International Co. Ltd., a company incorporated in the Cayman Islands with limited liability, whose Shares are listed on the main board of the Stock Exchange

''Bond(s)''	the bond(s) with aggregate principal up to HK$50 million
	issued or to be issued by the Company
''Director(s)''	the director(s) of the Company
''Group''	the Company and its subsidiaries
''Hong Kong''	the Hong Kong Special Administrative Region of the
	People's Republic of China
''Interest Rate''	up to 7% per annum
''Maturity Date''	a date ranging from second to eighth anniversary of the
	issue date of the Bonds
''SFO''	Securities and Futures Ordinance (Cap.571 of Laws of Hong
	Kong)

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''Share(s)''	ordinary share(s) of HK$0.02 each in the share capital of
	the Company
''Shareholder(s)''	holder(s) of Share(s)
''Stock Exchange''	The Stock Exchange of Hong Kong Limited
''Subscriber(s)''	the subscriber(s) of the Bonds

''Subscription Agreement(s)'' the subscription agreement(s) entered or to be entered into between the Subscriber and the Company in respect of the

	subscription for the Bonds
''HK$''	Hong Kong dollars, the lawful currency of Hong Kong
''%''	per cent

By Order of the Board of

LINK-ASIAINTERNATIONAL CO. LTD.

LIN DAILIAN

Chairman and Executive Director

Hong Kong, 28 August 2020

As at the date of this announcement, the Board comprises Mr. Lin Dailian (Chairman), Mr. Wang Guozhen, Mr. Duan Chuanhong and Mr. Xia Xiaobing as executive Directors; Mr. Bao Jinqiao, Mr. Li Huiwu and Mr. Yang Weidong as independent non-executive Directors.

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