Sheng Ye Capital : CHANGE IN BOARD LOT SIZE

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.

SHENG YE CAPITAL LIMITED

盛 業 資 本 有 限 公 司

(Incorporated in the Cayman Islands with limited liability)

(Stock Code: 6069)

CHANGE IN BOARD LOT SIZE

The board (the "Board") of directors ("Directors") of Sheng Ye Capital Limited (the "Company") announces that the board lot size of the ordinary shares in the Company (the "Shares") for trading on the Main Board of The Stock Exchange of Hong Kong Limited (the "Stock Exchange") will be changed from 2,000 Shares to 500 Shares with effect from 9:00 a.m. on Friday, 21 August 2020.

The Shares are currently traded in board lots of 2,000 Shares each. The Board expects that the reduction in board lot size will lower the threshold for investors to purchase the Shares, thus facilitating the trading and improving the liquidity of the Shares, which will enable the Company to attract more investors and therefore broaden the shareholders' base of the Company. Upon the change in board lot size becoming effective, the Shares shall be traded in board lots of 500 Shares each. Based on the closing price of HK$6.76 per Share as quoted on the Stock Exchange as at the date of this announcement, the market value per each board lot of the Shares before the change in board lot size is HK$13,520 and will be HK$3,380 after the change in board lot size.

The change in board lot size will not result in any change in the relative rights of the shareholders of the Company. As no odd lots of the Shares will result from the aforesaid change in board lot size, no odd lot arrangement is required to be made to match the sales and purchases of odd lots. The Board considers that the change in board lot size to be in the interest of the Company and its shareholders as a whole.

In order to meet the capital needs of its business operation, the Company has, on an ongoing basis, been exploring various means to raise funds and strength its capital base. However, as at the date of this announcement, the Company does not have any definite plan to conduct any other corporate actions or arrangements in the next 12 months that may affect the trading in the Shares or any equity fund raising activities.

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EXPECTED TIMETABLE

The expected timetable for the change in board lot size is set out below:

Event

Hong Kong Date and Time

First day of free exchange of existing share certificates in board lots of 2,000 Shares each for new share certificates in board

lots of 500 Shares each . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Friday, 7 August 2020

Last day for trading of the Shares in board lots of

2,000 Shares in the original counter . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Thursday, 20 August 2020

Effective date of the change in board lot size from

2,000 Shares to 500 Shares each . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Friday, 21 August 2020

Original counter for trading in the Shares in board lots of 2,000 Shares each becomes a counter for trading in the

Shares in board lots of 500 Shares each . . . . . . . . . . . . . . . . . . . . . . . 9:00 a.m., Friday, 21 August 2020

Temporary counter for trading in the Shares in

board lots of 2,000 each opens . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 9:00 a.m., Friday, 21 August 2020

First day of parallel trading in the Shares (in board

lots of 2,000 Shares each and board lots of 500 Shares each) . . . . . . . 9:00 a.m., Friday, 21 August 2020

Temporary counter for trading in the Shares in board

lots of 2,000 Shares each closes . . . . . . . . . . . . . . . . . . . . . . . . 4:10 p.m., Thursday, 10 September 2020

Last day of parallel trading in the Shares (in board lots of 2,000 Shares each and board lots of

500 Shares each). . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 4:10 p.m., Thursday, 10 September 2020

Last day (and latest time for submission of share certificates to the share registrar of the Company) for free exchange of existing share certificates in board lots of 2,000 Shares each for new share certificates in board lots of

500 Shares each . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Monday, 14 September 2020

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EXCHANGE OF NEW SHARE CERTIFICATES

Shareholders of the Company may submit their existing share certificates in board lots of 2,000 Shares each to the Company's Hong Kong share registrar, Tricor Investor Services Limited (the "Share Registrar") at Level 54, Hopewell Centre, 183 Queen's Road East, Hong Kong, in exchange for new share certificates in board lots of 500 Shares each free of charge during business hours from 9:00 a.m., Friday, 7 August 2020 to 4:30 p.m., Monday, 14 September 2020 (both days inclusive). After the expiry of such period, existing share certificates will be accepted for exchange only on payment of a fee of HK$2.50 (or such higher amount as may from time to time be specified by the Stock Exchange) for each new share certificate in board lots of 500 Shares each issued or each existing share certificate submitted, whichever number of share certificate involved is higher. It is expected that the new share certificates will be available for collection from the Share Registrar by the shareholders of the Company within 10 business days after delivery of the existing share certificates to the Share Registrar for the purpose of exchange.

With effect from Friday, 21 August 2020, all new share certificates will be issued in board lots of 500 Shares each (except for odd lots or where the Share Registrar is otherwise instructed). All existing share certificates in board lots of 2,000 Shares each will continue to be good evidence of title to such Shares and be valid for transfer, delivery and settlement purposes. Save and except for the change in the number of Shares for each board lot, the new share certificates (for Shares in board lots of 500 Shares each) will have the same design and colour as the existing share certificates (for Shares in board lots of 2,000 Shares each).

By order of the Board

Sheng Ye Capital Limited

Tung Chi Fung

Chairman

Hong Kong, 30 July 2020

As at the date of this announcement, the Board comprises two executive Directors: Mr. Tung Chi Fung

and Mr. Chen Jen-Tse; and four independent non-executive Directors: Mr. Hung Ka Hai Clement, Mr. Loo Yau Soon, Mr. Twoon Wai Mun, Benjamin and Mr. Fong Heng Boo.

If there is any inconsistency in this announcement between the Chinese and English versions, the English version shall prevail.

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