Da Ming International : ANNOUNCEMENT ON UPDATE OF THE STATUS OF THE PUBLIC FLOAT

Hong Kong Exchanges and Clearing Limited and The Stock Exchange of Hong Kong Limited 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.

DA MING INTERNATIONAL HOLDINGS LIMITED

大 明 國 際 控 股 有 限 公 司

(Incorporated in the Cayman Islands with limited liability)

(Stock code: 1090)

ANNOUNCEMENT ON UPDATE OF

THE STATUS OF THE PUBLIC FLOAT

Reference is made to the announcement of Da Ming International Holdings Limited (the "Company") dated 22 February 2021 (the "Announcement"). Unless otherwise defined, capitalised terms used herein shall have the same meanings as defined in the Announcement. The Company would like to update the shareholders of the Company ("Shareholders") and potential investors on the status of the restoration of the public float.

To the best of the knowledge, information and belief of the directors of the Company ("Directors"), as at the date of this announcement, the public float of the Company is approximately 18.78%, which remains below the minimum prescribed percentage as required by Rule 8.08 of the Listing Rules ("Minimum Prescribed Percentage").

To the best of the knowledge, information and belief of the Directors, the shareholdings of the Shareholders as at the date of this announcement are set out as follows:

	As at the date of this
Shareholders	announcement
	No. of		Approximate
	Shares held	%
Ally Good	793,435,000	63.720
China Baowu and its subsidiary	207,500,000	16.664
Mr. Zhou Keming (Note 1)	60,000	0.005
Ms. Xu Xia (Note 2)	56,000	0.004
Mr. Zou Xiaoping and his spouse (Note 3)	5,060,000	0.406
Mr. Jiang Changhong (Note 4)	384,000	0.031
Dr. Fukui Tsutomu and his spouse (Note 5)	1,364,000	0.110
Mr. Zhang Feng (Note 6)	2,144,000	0.172
Mr. Wang Jian and his spouse (Note 7)	1,296,000	0.104
Public Shareholders	233,891,000	18.784
Total
1,245,190,000	100.000

1

Note 1: Mr. Zhou Keming is a director of the Company.

Note 2: Ms. Xu Xia is a director of the Company and the spouse of Mr. Zhou Keming.

Note 3: Mr. Zou Xiaoping is a director of the Company.

Note 4: Mr. Jiang Changhong is a director of the Company.

Note 5: Dr. Fukui Tsutomu is a director of the Company.

Note 6: Mr. Zhang Feng is a director of the Company.

Note 7: Mr. Wang Jian is a director of the Company.

PROPOSAL TO RESTORE PUBLIC FLOAT

The Company is considering the feasible proposal(s) to restore the public float of the Company to the Minimum Prescribed Percentage, including but not limited to, placing of new Shares and/or existing Shares of the controlling shareholder of the Company. As at the date of this announcement, the Company is actively looking for a placing agent and no proposal for the restoration of public float has been determined.

The Company will make further announcement(s) when the proposal for the restoration of public float has been finalised . The Company will continue to publish announcement(s) on a regular basis to update its Shareholders and potential investors on the status of the public float and the measures that may be introduced by the Company to restore its public float as soon as practicable.

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

By order of the board of

Da Ming International Holdings Limited

Zhou Keming

Chairman

Hong Kong, 31 March 2021

As at the date of this announcement, the executive Directors are Mr. Zhou Keming (Chairman), Mr. Jiang Changhong (Chief Executive Officer), Ms. Xu Xia, Mr. Zou Xiaoping, Dr. Fukui Tsutomu, Mr. Zhang Feng and Mr. Wang Jian; the non-executive Directors are Mr. Lin Changchun and Mr. Lu Jian; and the independent non-executive Directors are Mr. Cheuk Wa Pang, Prof. Hua Min, Mr. Lu Daming, Mr. Liu Fuxing and Mr. Hu Xuefa.

2