SHIS : Change of Compliance Adviser

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.

SHIS Limited

(Incorporated in the Cayman Islands with limited liability)

(Stock Code: 1647)

CHANGE OF COMPLIANCE ADVISER

The board (the "Board") of directors ("Directors") of SHIS Limited (the "Company") announces that Dakin Capital Limited ("Dakin") has resigned as the compliance adviser of the Company with effect from 1 February 2018, due to the recent change in personnel of Dakin. Save as disclosed in this announcement, the Board confirms that, as at the date of this announcement, there are no other matters relating to the resignation of Dakin as the Company's compliance adviser that need to be drawn to the attention of the shareholders of the Company and The Stock Exchange of Hong Kong Limited (the "Stock Exchange").

The Board further announces that Grande Capital Limited ("Grande") has been appointed as the new compliance adviser of the Company as required pursuant to Rule 3A.27 of the Rules Governing the Listing of Securities on the Stock Exchange (the "Listing Rules") with effect from 1 February 2018 until the date, pursuant to Rule 3A.19 of the Listing Rules, on which the Company complies with Rule 13.46 of the Listing Rules in respect of the Company for the first full financial year commencing after the date of initial listing of the Company (being the financial year ending 31 March 2018), or until the compliance adviser agreement entered into between the Company and Grande is terminated in accordance with its terms, whichever is earlier.

Grande is a licensed corporation to carry out type 6 (advising on corporate finance) regulated activity under the Securities and Futures Ordinance, Chapter 571 of the Laws of Hong Kong.

By order of the Board

SHIS Limited

Lim Kai Hwee

Executive Director

Hong Kong, 29 January 2018

As at the date of this announcement, the Board comprises Mr. Chua Seng Hai and Mr. Lim Kai Hwee as executive Directors; and Ms. Ng Peck Hoon, Mr. Toh Soo Bock, Bob and Mr. Sim Choon Hong as independent non-executive Directors.