Speedy Global : Announcements and Notices - Announcement Pursuant to Rule 3.7 of the Takeovers Code Supplemental Mou

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: 540)

ANNOUNCEMENT PURSUANT TO

RULE 3.7 OF THE TAKEOVERS CODE SUPPLEMENTAL MOU

This announcement is made pursuant to Rule 3.7 of The Code on Takeovers and Mergers (''Takeovers Code'').

Reference is made to the announcement of the Company dated 3 January 2017 (the ''Announcement''). Unless the context requires otherwise, terms used herein shall have the same meanings as defined in the Announcement.

The Board has been informed by the Selling Shareholders that the negotiations between the Selling Shareholders and the Potential Purchaser in respect of the Possible Transaction are still on-going and that on 25 January 2017, the Selling Shareholders and the Potential Purchaser entered into a supplemental memorandum of understanding (''Supplemental MOU'') which is legally binding. The Supplemental MOU stated that the Selling Shareholders and the Potential Purchaser have negotiated into the details of the formal sale and purchase agreement and they shall use their reasonable endeavours to enter into the formal sale and purchase agreement immediately upon the finalisation of the negotiation of the terms of the formal sale and purchase agreement and to the extent as permitted under the applicable laws and rules and to complete the Possible Transaction as soon as possible. Pursuant to the Supplemental MOU, the Exclusive Period was extended to 30 April 2017 during which period the Selling Shareholders shall not directly or indirectly negotiate or agree with any other party relating to the Possible Transaction. Save for the MOU and the Supplemental MOU, no formal or legally binding agreement has been entered into between the Selling Shareholders and the Potential Purchaser or any other parties in respect of the Possible Transaction.

In accordance with Rule 3.7 of the Takeovers Code, monthly announcement(s) will be made until announcement of firm intention to make an offer under Rule 3.5 of the Takeovers Code or of a decision not to proceed with an offer is made. Further announcement(s) will be made by the Company as and when appropriate or required in accordance with the Listing Rules and the Takeovers Code (as the case may be).

WARNINGS: There is no assurance that the Possible Transaction will materialise or eventually be consummated and the relevant discussions may or may not lead to a general offer under Rule 26.1 of Takeovers Code. The Possible Transaction may or may not proceed. Shareholders and potential investors should exercise caution when dealing in the securities of the Company, and if they are in any doubt about their position, they should consult their professional adviser(s).

By order of the Board

Speedy Global Holdings Limited Huang Chih Shen

Chairman

Hong Kong, 25 January 2017

As at the date of this announcement, the executive directors of the Company are Mr. Huang Chih Shen, Mr. Chan Hung Kwong, Patrick, Ms. Tang Wai Shan and Mr. Au Wai Shing; the independent non-executive directors of the Company are Mr. Wong Ting Kon, Ms. Pang Yuen Shan, Christina, Mr. Chang Cheuk Cheung, Terence and Dr. Chan Chung Bun, Bunny.

The directors of the Company jointly and severally accept full responsibility for the accuracy of information contained in this announcement and confirm, having made all reasonable inquiries, 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 statement in this announcement misleading.