Gold Finance : UPDATES ON THE APPOINTMENT OF JOINT AND SEVERAL LIQUIDATORS OF THE CONTROLLING SHAREHOLDER OF THE COMPANY

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.

(Provisional Liquidators Appointed)

(Incorporated in the Cayman Islands with limited liability)

(Stock Code: 1462)

UPDATES ON THE APPOINTMENT OF JOINT AND SEVERAL LIQUIDATORS OF THE CONTROLLING SHAREHOLDER OF THE COMPANY

This announcement is made by Gold-Finance Holdings Limited (Provisional Liquidators Appointed) (the "Company") pursuant to Rule 13.09 of Rules Governing the Listing of Securities on The Stock Exchange of Hong Kong Limited (the "Listing Rules") and the Inside Information Provisions (as defined under the Listing Rules) under Part XIVA of the Securities and Futures Ordinance (Cap. 571 of the Laws of Hong Kong).

Reference is made to the Company's announcement dated 25 June 2019 and 17 July 2019 (the "Announcements") in relation to, among other things, the winding up of Gold-Finance (Hong Kong) Asset Management Limited (In Liquidation) ("GFHK"), a controlling shareholder and creditor of the Company. Capitalised terms used in this announcement, unless otherwise defined, shall have the same meanings as those defined in the Announcements of the Company.

The Appointment of Joint and Several Liquidators for GFHK

By an order of the Hong Kong High Court dated 18 December 2019, Mr Lai Kar Yan (Derek) and Mr Ho Kwok Leung Glen and Mr Yip Wa Ming (Ben) are appointed as joint and several liquidators of GFHK.

Continued Suspension of Trading of the Shares

Trading in the shares of the Company has been suspended with effect from 9:00 am on 6 May 2019. Trading in the shares will remain suspended pending fulfilment of the resumption guidance as disclosed in the announcements of the Company dated 8 May 2019, 5 July 2019 and 24 July 2019 and any supplement or modification thereto.

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

For and on behalf of

Gold-Finance Holdings Limited

(Provisional Liquidators Appointed)

Lai Kar Yan (Derek)

Ho Kwok Leung Glen

Yip Wa Ming (Ben)

Joint and Several Provisional Liquidators acting as agents without personal liability

Hong Kong, 3 January 2020

On the basis of the information available from the previous announcements made by the Company, the Board comprises Mr. Wei Jie and Ms. Xu Li Yun as executive Directors.

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