Evergreen International : VOLUNTARY ANNOUNCEMENT ACQUISITION OF SHARES BY AN EXECUTIVE DIRECTOR

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.

EVERGREEN INTERNATIONAL HOLDINGS LIMITED

長 興 國 際（ 集 團 ）控 股 有 限 公 司

(Incorporated in the Cayman Islands with limited liability)

(Stock Code: 238)

VOLUNTARY ANNOUNCEMENT

ACQUISITION OF SHARES BY AN EXECUTIVE DIRECTOR

This announcement is made by Evergreen International Holdings Limited (the ''Company'') on a voluntary basis.

SALE AND PURCHASE AGREEMENT

The Company has been informed by Mr. Chen Yunan (''Mr. Chen''), an executive director of the Company, that on 24 September 2019 (after trading hours), he entered into a sale and purchase agreement (the ''Sale and Purchase Agreement'') with Huang Cuiqin (the ''Selling Shareholder''), a shareholder of the Company, pursuant to which Mr. Chen has agreed to purchase, and the Selling Shareholder has agreed to sell, an aggregate of 45,660,904 shares (the ''Sale Shares'') of HK$0.001 each of the Company (the ''Shares'') at the aggregate consideration of approximately HK$19,177,580 (equivalent to HK$0.42 per Sale Share) (the ''Proposed Acquisition'').

To the best of the knowledge, information and belief of the directors of the Company, having made all reasonable enquiry, the Selling Shareholder is independent of the Company and its connected persons (as defined in the Rules Governing the Listing of Securities on The Stock Exchange of Hong Kong Limited).

COMPLETION

The Company has also been informed that completion of the Proposed Acquisition (the ''Completion'') is expected to take place on or around 30 September 2019. Immediately after Completion, the Selling Shareholder will no longer hold any Shares.

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SALE SHARES

The Sale Shares represent approximately 4.81% of the entire issued share capital of the Company as at the date of this announcement.

The respective shareholdings of Mr. Chen, the Selling Shareholder and other shareholders of the Company (i) as at the date of this announcement and immediately prior to the Completion; and (ii) immediately upon Completion (and assuming there are no changes to the issued share capital of the Company) are as follows:

	As at the date of this
	announcement and immediately
	prior to Completion	Upon Completion
	Number of		% of total	Number of	% of total
Shareholders	Shares held		issued Shares	Shares held	issued Shares
Pacific Success
Holdings Limited(1)	483,934,814	51.00%	483,934,814	51.00%
Mr. Chen	0	0%	45,660,904	4.81%
Selling Shareholder	45,660,904	4.81%	0	0%
Other shareholders	419,230,045		44.19%	419,230,045	44.19%
Total	948,825,763		100%	948,825,763	100%

Notes:

1. 483,934,814 Shares were held by Pacific Success Holdings Limited (''Pacific Success''), a company wholly-owned by Evisu (PTC) Limited (''Evisu''). Evisu is the trustee of a discretionary trust of which Mr. Chen was a beneficiary. Accordingly, under the Securities and Futures Ordinance (Chapter 571 of the Laws of Hong Kong, Mr. Chen is deemed to be interested in such Shares held by Pacific Success.
2. The shareholding percentages in the above table are subject to rounding adjustment.

Based on the information available to the Company and to the best knowledge of the Board, sufficient public float of the issued Shares has been maintained by the Company as at the date of this announcement and is expected to be maintained upon Completion.

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

By order of the Board

Evergreen International Holdings Limited

Chan Yuk Ming

Chairman

Hong Kong, 27 September 2019

As at the date of this announcement, Mr. Chan Yuk Ming, Mr. Chen Yunan and Mr. Chen Minwen are the executive Directors; Mr. Fong Wo, Felix, Mr. Cheng King Hoi, Andrew and Mr. Ng Wing Fai are the independent non-executive Directors.

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