Top Spring International : Announcement - Positive Profit Alert

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TOP SPRING INTERNATIONAL HOLDINGS LIMITED ഺႆ਷ყණྠϞࠢʮ̡

(Incorporated in the Cayman Islands with limited liability)

(Stock Code: 03688)

POSITIVE PROFIT ALERT

This announcement is made by Top Spring International Holdings Limited (the "Company") pursuant to Rule 13.09(2)(a) of the Rules Governing the Listing of Securities on The Stock Exchange of Hong Kong Limited and the Inside Information Provisions under Part XIVA of the Securities and Futures Ordinance (Chapter 571 of the Laws of Hong Kong).

The board (the "Board") of directors (the "Directors") of the Company wishes to inform the shareholders and potential investors of the Company that, based on a preliminary assessment by the Board on the unaudited consolidated management accounts of the Company and its subsidiaries (the "Group") for the year ended 31 December 2017, the Group is expected to record a significant increase in the consolidated net profit for the year ended 31 December 2017 as compared with that for the year ended 31 December 2016. Such expected significant increase in consolidated net profit is primarily due to the gain on disposal of certain subsidiaries engaged in property development, leasing of self-owned properties, project investment and management consultancy services, resulting in a positive financial impact on the other net income of the Group. Details of the aforesaid disposal of subsidiaries are set out in the announcements of the Company dated 15 August 2017, 13 October 2017 and 28 December 2017 and the circular of the Company dated 26 October 2017.

The information contained in this announcement is only based on a preliminary assessment by the Board according to the unaudited consolidated management accounts of the Group for the year ended 31 December 2017 and the information available to the Board as at the date of this announcement, which have not been reviewed by the auditors of the Company. The Company is in the process of preparing and finalising the Group's annual results for the year ended 31 December 2017. Details of the Group's financial information for the year ended 31 December 2017 will be disclosed in its annual results announcement which is expected to be published before the end of March 2018.

Shareholders of the Company and potential investors are advised to exercise caution and not to place undue reliance on such information when dealing in the securities of the Company. If in doubt, investors are advised to seek professional advice from professional or financial advisers.

By Order of the Board

Top Spring International Holdings Limited

WONG Tak Chun

Company Secretary

Hong Kong, 24 January 2018

As at the date of this announcement, the executive Directors are Mr. WONG Chun Hong, Mr. CHEN Feng Yang, Mr. WANG Tian Ye and Mr. YUAN Zhi Wei; the non-executive Directors are Mr. XU Lei and Mr. YIP Hoong Mun; and the independent non-executive Directors are Mr. CHENG Yuk Wo, Professor WU Si Zong and Mr. CHAN Yee Herman.