Hin Sang International : SUPPLEMENTARY ANNOUNCEMENT ON THE ANNUAL REPORTS FOR THE YEAR ENDED 31 MARCH 2017 AND THE YEAR ENDED 31 MARCH 2018

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.

(Incorporated in the Cayman Islands with limited liability)

(Stock Code: 6893)

SUPPLEMENTARY ANNOUNCEMENT ON THE ANNUAL REPORTS

FOR THE YEAR ENDED 31 MARCH 2017

AND THE YEAR ENDED 31 MARCH 2018

Reference is made to the annual reports of Hin Sang Group (International) Holding Co. Ltd. (the "Company") for the year ended 31 March 2017 and the year ended 31 March 2018 (the "Annual Reports"). Unless otherwise defined, capitalised terms used in this announcement shall have the same meanings as those defined in the Annual Reports.

As disclosed in the Annual Reports, the Company completed a subscription of new shares in June

• 2016 (the "Subscription") and held several security investments for the year ended 31 March

• 2017 and the year ended 31 March 2018. The board (the "Board") of directors (the "Directors") of the Company wishes to provide the Shareholders of the Company and potential investors with the following additional information.

USE OF PROCEEDS FROM FUND RAISING ACTIVITIES

With reference to the announcement of the Company dated 27 April 2016, the net proceeds of the Subscription were used to invest in a joint venture company established with Fullshare in relation to the development of mother and child health products, pharmaceutical factory, hospital, medical centre and related services.

The joint venture company, Hin Feng Group (International) Holding Company Limited ("HFJV") was established in July 2016. The proceeds from the Subscription and the Shareholder's Loan injected or to be injected into the joint venture company (as share capital or shareholder's loan) according to the working capital needs of the business of HFJV as follows:

CapitalInjected for the year endedRemaining to be injected as atInjected for the year endedRemaining to be injected as at

Source of Funds (HK$'000)

Structure 31 March 2017 31 March 2017 31 March 2018 31 March 2018

• 1 Subscription of JV Shares by the

  Company (51%) of HK$60,000,000

• 2 Subscription of JV Shares by Fullshare

  (49%) of HK$60,000,000

• 3 Shareholder's Loan from the Company

• 4 Controlling Shareholder's Loan from

Genwealth

30,600 29,400 69,400 58,280

(30,600)

-

(29,400)

- -

- 69,400 58,280

- -

- -

(17,000) 52,400

- 58,280

Total

187,680

(60,000)

127,680

(17,000) 110,680

Note: 1+3 = HK$100,000,000 (proceeds from Subscription)

During the year ended 31 March 2018, the Company had granted shareholder's loan to HFJV in the amount of HK$17 million while HK$52.4 million is expected to be granted to HFJV in the future depending on the timing and the funding needs of HFJV. The total of the utilized funds amounted to HK$77 million and details is as follows:

Injected	Injected
for the	Used for the	Remaining	for the	Used for the	Remaining
Use of Proceeds by HFJV	year ended	year ended	as at	year ended	year ended	as at
(HK$'000)	31 March 2017	31 March 2017	31 March 2017	31 March 2018	31 March 2018	31 March 2018
Acquisition of pharmaceutical
factory	-	-	-	-	-	-
Development of medical centres
and/or hospital in the PRC	46,000	(5,890)	40,110	17,000	(25,604)	31,506
Development of medical centres
and/or hospital in Hong Kong	10,000	(526)	9,474	-	(6,883)	2,591
Development of medical centres
and/or hospital in Singapore	-	-	-	-	-	-
General working capitals	4,000	(578)	3,422	-	(1,201)	2,221
Total	60,000	(6,994)	53,006	17,000	(33,688)	36,318

INVESTMENT IN SECURITIES

The Company generally adopts a prudent approach for its investment strategies and be cautious in selecting business partners that will bring synergy after taking into account factors such as financial, business nature, clientele, expertise in area complementary to existing business of the Company.

The Company has set up HFJV with Fullshare for the development of mother and child health products, pharmaceutical factory, hospital, medical centre and related services. With the progress of the JV Company, the Company will provide suitable funding through shareholder's Loan.

Nanjing Sinolife United Company Limited ("Nanjing Sinolife") and the Company together with its subsidiaries (the "Group") are in similar lines of business. Nanjing Sinolife is engaged in manufacturing and sales of nutritional supplements and trading of packages health food products while the principal business of the Group is marketing, selling and manufacturing of healthcare products for women and children. The Group is expected to explore future investment and co-operation opportunities with Nanjing Sinolife in the future.

Costs of major investments for the year ended 31 March 2017 and year ended 31 March 2018 are summarized as below:

Year ended 31 March 2017

Year ended 31 March 2018

Number of SharesTotal CostAverage Cost/ShareNumber of SharesTotal CostAverage Cost/Share

HK$

HK$

HK$

HK$

Available-for-sale investments Fullshare Holdings Limited

(Stock Code: 607)

118,765,000

230,400,000

1.94

118,765,000

230,400,000 1.94

Nanjing Sinolife United Company

Limited (Stock Code: 3332)

45,411,600

73,112,676 1.61

Held for trading investments Nanjing Sinolife United Company

Limited (Stock Code: 3332) China Literature Limited

5,746,000

7,238,618 1.26

(Stock Code: 772)

2,800

154,000 55.00

Mansion International Holdings Limited

(Stock Code: 8456)

4,000,000

2,828,215 0.71

As disclosed in the Annual Reports, the Company records dividend income and gain or loss on fair value changes. The breakdown per each investment are listed below:

Year ended 31 March 2017

Year ended 31 March 2018

HK$'000

HK$'000

Other Income Dividend income - Fullshare Holdings Limited (Stock Code: 607)

- 2,013

Other gain and losses

(Loss)/gain on fair value change of held for trading investments

• - Nanjing Sinolife United Company Limited (Stock Code: 3332)

  - (56)

• - China Literature Limited (Stock Code: 772)

  - 49

• - Mansion International Holdings Limited (Stock Code: 8456)

- (1,228)

- (1,235)Impairment loss on available-for-sale investments - Nanjing Sinolife United Company Limited (Stock Code: 3332)

- (16,348)

Other comprehensive income

Fair value gain on available-for-sale investment - Fullshare Holdings Limited (Stock Code: 607)

8,314 91,728

Reclassification adjustment on impairment loss of available-for-sale investments - Nanjing Sinolife United Company Limited (Stock Code: 3332)

- 16,348

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

By order of the Board

Hin Sang Group (International) Holding Co. Ltd.

Pang Siu Hin

Chairman

Hong Kong, 21 January 2019

As at the date of this announcement, the executive Directors are Mr. Pang Siu Hin and Ms. Kwan Lai Man, the non-executive Directors are Ms. Wong Wai Ling and Mr. Yuen Chi Ping, and the independent non-executive Directors are Mr. Lau Chi Kit, Mr. Lee Luk Shiu and Dr. Tang Sing Hing, Kenny.