Evershine : 23 Oct 2019 EARLY REDEMPTION OF CONVERTIBLE NOTES

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.

Evershine Group Holdings Limited

永耀集團控股有限公司

(Incorporated in Hong Kong with limited liability)

(Stock Code: 8022)

EARLY REDEMPTION OF CONVERTIBLE NOTES

Reference is made to the announcement of the Company dated 13 November 2018, the extension announcement dated 31 December 2018 and the circular dated 24 January 2019 and the announcement on the Completion of issue of the Convertible Notes ("the Notes") dated 21 February 2019 (the "Announcements") in relation to, among others, the Subscription of the Convertible Notes entered between Evershine Group Holdings Limited, ("the Company" or "the Issuer") and Macquarie Bank Limited ("the "Subscriber" or the Noteholder"). Unless the context requires otherwise, capitalised terms used herein shall bear the same meanings as defined in the Announcements.

The board of directors of the Company ("the Board") wishes to announce that the Company has received a Relevant Event Put Exercise Notice issued by the Noteholder pursuant to the Subscription Agreement on 16 October 2019 and the Notes shall be redeemed on the Relevant Event Put Date, 13 November 2019.

The Company considers that the proposed redemption of the Notes would not have material adverse impact to the daily operations of the Group.

The Company is actively exploring business opportunities to develop its property development business in Turkey and cemetery business in the People's Republic of China, it may consider to conduct other fundraisings as and when suitable investment opportunities arise.

By Order of the Board

Evershine Group Holdings Limited

Hung Tat Chi Alan

Executive Director

Hong Kong, 23 October 2019

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As of the date hereof, the executive Directors are Mr. Hung Tat Chi Alan and Mr. Ling Ko Yin Jason; the non-executive Director is Mr. Chan Wai Kit; and the i n d e p e n d e n t n o n - e x e c u t i v e D i r e c t o r s a r e M s . C h o y S o Y u k , B B S , J P , Ms. Lam Yuk Ying Elsa and Mr. Leung Man Chun.

This announcement, for which the Directors 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 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 at www.hkgem.com for at least seven days from the date of its publication and on the website of the Company at http://www.evershinegroup.com.hk

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