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BILLION INDUSTRIAL HOLDINGS LIMITED

(Incorporated in the Cayman Islands with limited liability)

(Stock Code: 2299) APPOINTMENT OF INDEPENDENT FINANCIAL ADVISER

Reference is made to the joint announcement published by Billion Industrial Holdings Limited (the "Company") and Hong Kong (Rong An) Investment Limited (the "Offeror") dated 13 January 2014 (the "Joint Announcement") in relation to, among other things, the unconditional mandatory cash offer by CCB International Capital Limited on behalf of the Offeror to acquire all the issued shares of the Company (other than those already owned by the Offeror, CQCECEP and parties acting in concert with any of them) (the "Share Offer"). Capitalised terms used herein shall have the same meanings as those defined in the Joint Announcement unless the context requires otherwise.

The Board is pleased to announce that the Company has appointed Kingsway Capital Limited as the independent financial adviser (the "Independent Financial Adviser") to advise the Independent Board Committee in respect of, among other things, the Share Offer. The appointment of the Independent Financial Adviser has been approved by the Independent Board Committee. The letter of advice from the Independent Financial Adviser in respect of the Share Offer will be included in the Composite Document to be despatched to the Shareholders in due course.

By Order of the Board

Billion Industrial Holdings Limited Sze Tin Yau

Co-chairman

Hong Kong, 17 January 2014

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As at the date of this announcement, the board of directors of the Company comprises Mr. Sze Tin Yau, Mr. Wu Jinbiao, Mr. Yu Heping and Mr. Xue Mangmang as executive directors, Mr. Chen Jinen, Mr. Yang Donghui, Mr. Yang Jun, Mr. Ding Guoqiang, Ms. Ma Yun and Mr. Chen Bo as non-executive directors and Mr. Yeung Chi Tat, Ms. Zhu Meifang, Mr. Ma Yuliang, Mr. Li Zhi Xian and Mr. Lin Jian Ming as independent non-executive directors.
The directors of the Company jointly and severally accept full responsibility for the accuracy of the information contained in this announcement and confirm, having made all reasonable enquiries, that to the best of their knowledge, opinions expressed in this announcement have been arrived at after due and careful consideration and there are no other facts not contained in this announcement the omission of which would make any statements in this announcement misleading.

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