Fuguiniao : OVERSEAS REGULATORY ANNOUNCEMENT RESOLUTIONS PASSED AT BONDHOLDERS' MEETING

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FUGUINIAO CO., LTD.

బ൮௢ٰ΅Ϟࠢʮ̡

(a joint stock company established in the People's Republic of China with limited liability)

(Stock Code: 1819)

OVERSEAS REGULATORY ANNOUNCEMENT RESOLUTIONS PASSED AT BONDHOLDERS' MEETING

This announcement is made by Fuguiniao Co., Ltd. (the "Company", together with its subsidiaries, the "Group") pursuant to Rule 13.10B of the Rules (the "Listing Rules") Governing the Listing of Securities on The Stock Exchange of Hong Kong Limited (the "Stock Exchange").

References are made to the announcements of the Company dated 12 January 2015, 11 December 2014 and 16 July 2014, and the circular of the Company dated 17 July 2014 (the "Circular") in respect of the issue of domestic corporate bonds in the principal amount of not more than RMB800 million of the Company in the People's Republic of China (the "Domestic Corporate Bonds"). Unless the context requires otherwise, capitalised terms used in this announcement shall have the same meanings as defined in the Circular.

A meeting of the holders of the Domestic Corporate Bonds (the "Bondholders") was convened by ਷इёτ൛Վٰ΅Ϟࠢʮ̡ Guotai Junan Securities Co., Ltd. (the "Trustee"), the trustee of the Domestic Corporate Bonds, and held on 5 January 2018 (the "Bondholders' Meeting"). Reference is also made to the Trustee's announcement dated 9 January 2018 of the results of the Bondholders' Meeting published on the website of the Shanghai Stock Exchange (http://www.sse.com.cn/) on 10 January 2018. The resolutions passed at the Bondholders' Meeting are summarised as follows:

• 1. to request the Company to disclose its financial status, status of the external guarantees granted and production and operating status;

• 2. to request the Company to immediately implement the risk mitigating and management proposal, perform the debt guarantee measures as agreed in the fund-raising prospectus and fiduciary management agreement;

• 3. to request the Company to take all necessary measures to protect the principal and interests of the Domestic Corporate Bonds to be redeemed;

• 4. to request the Company to establish a regular communication mechanism with the Trustee, in addition to the timely disclosure of information in accordance with the requirements for information disclosure for the duration of the Domestic Corporate Bonds by the CSRC and the Shanghai Stock Exchange; and

• 5. in order to facilitate the Bondholders to attend and vote at subsequent meetings of the Bondholders, voting via the internet will be an additional manner in which the Bondholders may vote, the relevant implementation measures shall be implemented in accordance with the relevant provisions prescribed by the Shanghai Stock Exchange and the China Securities Depository and Clearing Company Limited.

Please refer to the announcements relating to the Bondholders' Meeting published on the website of the Shanghai Stock Exchange (http://www.sse.com.cn/) for further details on the Bondholders' Meeting and the resolutions referred to above.

By order of the Board of

Fuguiniao Co., Ltd.

Lam Wo Ping

Chairman

Hong Kong, 10 January 2018

As at the date of this announcement, the executive Directors are Mr. Lam Wo Ping, Mr. Lam Wing Ho, Mr. Lam Wo Sze and Mr. Hong Huihuang; and the independent non-executive Directors are Mr. Wang Zhiqiang, Mr. Cheung Ming Hung and Mr. Chung Wai Man.