Luen Wong : VOLUNTARY ANNOUNCEMENT - DISPOSAL OF SHARES BY CONTROLLING SHAREHOLDER ON EXCHANGE

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.

LUEN WONG GROUP HOLDINGS LIMITED

聯旺集團控股有限公司

(Incorporated in the Cayman Islands with limited liability)

(Stock code: 8217) VOLUNTARY ANNOUNCEMENT - DISPOSAL OF SHARES BY CONTROLLING SHAREHOLDER ON EXCHANGE

This is a voluntary announcement made by Luen Wong Group Holdings Limited (the "Company").

The Company has been notified by the controlling shareholder (within the meaning of the Rules Governing the Listing of Securities on the Growth Enterprise Market of the Stock Exchange) of the Company, Blooming Union Investments Limited ("Blooming Union"), that it had disposed an aggregate of 324,700,000 shares on the open market, from 3 July 2017 to 7 July 2017, on the Stock Exchange for a total consideration of approximately HK$191,947,000 (the "Disposal").

Immediately before completion of the Disposal, Blooming Union owned a total of 936,000,000 shares of the Company, representing 75% of the issued share capital of the Company. The shares disposed of represents approximately 26.02% of the issued share capital of the Company as at the date of this announcement. Upon completion of the Disposal, Blooming Union held 611,300,000 shares of the Company, which represents approximately 48.98% of the issued share capital of the Company as at the date of this announcement.

The Disposal was made on the open market. To the best of the Company's knowledge, information and belief, having made all reasonable enquiries, the Company is not aware of the identities of the counterparties of the Disposal or of their respective principal business activities.

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

By Order of the Board

Luen Wong Group Holdings Limited Wong Che Kwo

Chairman

Hong Kong, 11 July 2017

As at the date of this announcement, the executive Directors are Mr. Wong Che Kwo (Chairman), Mr. Wong Wing Wah (Chief Executive Officer) and Mr. Chiu Chi Wang and the independent non-executive Directors are Mr. Wong Chi Kan, Mr. Liu Yan Chee James and Mr. Tai Hin Henry.

This announcement, for which the Directors collectively and individually accept full responsibility, includes particulars given in compliance with the Rules Governing the Listing of Securities on the Growth Enterprise Market of the Stock Exchange of Hong Kong Limited 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 in this announcement misleading.

This announcement will remain on the "Latest Company Announcements" page of the GEM website at www.hkgem.com for a minimum period of 7 days from the date of its posting and on the website of the Company at www.luenwong.hk.