Hsin Chong : ADDITIONAL RESUMPTION GUIDANCE

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.

HSIN CHONG GROUP HOLDINGS LIMITED 新 昌 集 團 控 股 有 限 公 司

(provisional liquidators appointed)

(for restructuring purposes only)

(Incorporated in Bermuda with limited liability)

(Stock Code: 00404)

ADDITIONAL RESUMPTION GUIDANCE

Financial Adviser

Euto Capital Partners Limited

References are made to (i) the announcement of Hsin Chong Group Holdings Limited (the ''Company'' and together with its subsidiaries, the ''Group'') dated 31 March 2017 in respect of the suspension of trading in the Company's shares (the ''Shares'') (Stock Code: 00404) on the Main Board of The Stock Exchange of Hong Kong Limited (the ''Stock Exchange''); and (ii) the Company's announcements dated 12 June 2017, 6 September 2018 and 21 December 2018 (the ''Resumption Conditions Announcements'') in respect of the conditions for resumption of trading of the Shares and Debt Securities imposed on the Company by the Stock Exchange. Unless otherwise defined in this announcement, terms defined in the Resumption Conditions Announcements shall have the same meanings in this announcement.

As disclosed in the Resumption Conditions Announcements, on 9 June 2017, 4 September 2018 and 18 December 2018, the Board received letters from the Stock Exchange, in which the Stock Exchange stated the following conditions for the resumption of trading in the shares of the Company:

• (a) address all Audit Issues identified by PwC;

• (b) inform the market of all material information for shareholders and investors to appraise the Company's position including the implication of the Audit Issues 2, 3 and 4 identified by PwC to the Group's assets, financial and operational position; and

(c) demonstrate its compliance with the Rule 13.24 of the Rules Governing the Listing of Securities on the Stock Exchange (''Listing Rules'').

(d) demonstrate that its directors meet the standard of competence commensurate with their position as directors of a listed issuer to fulfil duties of skill, care and diligence as required under Rule 3.08 of the Listing Rules.

On 21 March 2019, the Company received another letter from the Stock Exchange, in which the Stock Exchange stated they require the Company, as an additional resumption guidance, to (i) have the winding up petitions against the Company withdrawn or dismissed and the provisional liquidators discharged; and (ii) publish all outstanding financial results and address any audit modifications.

The Stock Exchange further indicated that it may modify the above and/or impose further guidance if the situation changes. The Company is now taking appropriate steps to fulfill all the resumption conditions/guidance and will keep its shareholders of the Company and potential investors informed of the progress as and when appropriate.

CONTINUED SUSPENSION OF TRADING IN THE SHARES AND DEBT SECURITIES

Trading in the shares and debt securities of the Company has been suspended since 3 April 2017 and will continue to be suspended until further notice. Shareholders of the Company and potential investors are advised to exercise caution when dealing in the shares and other securities of the Company.

By order of the Board of

Hsin Chong Group Holdings Limited

(provisional liquidators appointed)

(for restructuring purposes only)

WANG Guozhen

Vice Chairman and Executive Director

Hong Kong, 25 March 2019

As at the date of this announcement, the Board comprises Mr. LIN Zhuo Yan as the Non-executive Chairman and Non-executive Director; Mr. WANG Guozhen (Vice Chairman), Ir Dr. Joseph CHOI Kin Hung (Chief Executive Officer), Mr. Wilfred WU Shek Chun (Chief Risk Officer) and Mr. Eric TODD as Executive Directors; Mr. YAN Jie, Mr. CHEN Lei and, Mr. CHUI Kwong Kau as Non-executive Directors; and Mr. CHENG Sui Sang, Mr. George YUEN Kam Ho, Dr. LAM Lee G., Dr. LO Wing Yan William, JP and Prof. HUNG Wai Man, JP as Independent Non-executive Directors.