UKF : COMPLETION OF PLACING OF NEW SHARES UNDER GENERAL MANDATE

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UKF (HOLDINGS) LIMITED

英裘（控股）有限公司

(Incorporated in the Cayman Islands with limited liability)

(Stock Code: 01468)

COMPLETION OF PLACING OF NEW SHARES UNDER GENERAL MANDATE

Placing Agent

Reference is made to the announcement of UKF (Holdings) Limited (the "Company") dated 21 October 2019 (the "Announcement") in relation to, inter alia, the Placing. Capitalised terms used in this announcement shall have the same meanings as those defined in the Announcement unless otherwise stated.

The Board is pleased to announce that Completion took place on 7 November 2019 in accordance with the terms and condition of the Placing Agreement.

An aggregate of 234,140,000 Placing Shares, representing (i) approximately 5.07% of the existing issued share capital of the Company immediately before Completion; and (ii) approximately 4.83% of the issued share capital of the Company immediately after Completion, have been successfully placed to not less than six Placees who and whose ultimate beneficial owners are third parties independent of and not connected with the Company and its Connected Persons at the Placing Price of HK$0.205 per Placing Share.

The gross and net proceeds from the Placing (after deducting the commission payable to the Placing Agent and other expenses incurred in the Placing) are approximately HK$48.0 million and HK$47.7 million respectively. The Company intends to apply the net proceeds from the Placing for (i) repayment of shareholder's loan; (ii) development of Company's existing business; and (iii) general working capital of the Company and potential investments to be identified.

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EFFECT ON SHAREHOLDING STRUCTURE OF THE COMPANY

The shareholding structure of the Company (i) immediately before Completion, and (ii) immediately after Completion, is as follows:

	Immediately before Completion	Immediately after Completion
Shareholders	Number of	Approximate	Number of	Approximate
Shares	%		Shares	%
Perfect Thinking Global Limited (Note 1)	3,363,108,733		72.87		3,363,108,733	69.35
Excel Blaze Limited (Note 2)	346,150,000	7.50	346,150,000	7.13
Directors
Wong Chun Chau	70,698,240	1.53	70,698,240	1.46
Kwok Yin Ning	27,809,600	0.60	27,809,600	0.57
Public:
- Placees	-	-	234,140,000	4.83
- Others	807,723,162	17.5	807,723,162	16.66
Total	4,615,489,735		100.00		4,849,629,735	100.00

Note 1: Perfect Thinking Global Limited is wholly-owned by Mr. Chen Jiajun.

Note 2: Excel Blaze Limited is wholly-owned by Mr. Yan Kam Cheong.

By order of the Board

UKF (HOLDINGS) LIMITED

Wong Chun Chau

Chairman

Hong Kong, 7 November 2019

As at the date of this announcement, the Directors are as follows:

Executive Directors:

Mr. Wong Chun Chau (Chairman)

Ms. Kwok Yin Ning

Independent Non-executive Directors:

Ms. Mak Yun Chu

Mr. Hung Wai Che

Mr. Leung Siu Kee

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