CL : FURTHER ANNOUNCEMENT ON THE PROPOSED TRANSFER OF LISTING FROM THE GROWTH ENTERPRISE MARKET TO THE MAIN BOARD OF THE STOCK EXCHANGE OF HONG KONG LIMITED

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CL GROUP (HOLDINGS) LIMITED 昌利（控股）有限公司

(Incorporated in the Cayman Islands with limited liability)

(Stock code: 8098) FURTHER ANNOUNCEMENT ON THE PROPOSED TRANSFER OF LISTING FROM THE GROWTH ENTERPRISE MARKET TO THE MAIN BOARD OF THE STOCK EXCHANGE OF HONG KONG LIMITED

Reference is made to the announcement of CL Group (Holdings) Limited (the "Company") dated 20 February 2017 in relation to the submission of a formal application to the Stock Exchange for the proposed Transfer of Listing (the "Application"). Unless otherwise specified terms used herein shall have the same meaning as those defined in the aforesaid announcement.

The Application was submitted to the Stock Exchange on 20 February 2017 (acknowledge receipt by the Stock Exchange on 21 February 2017). As six months had passed since the submission of the Application, the Application automatically lapsed on 21 August 2017. The Board is pleased to announce that the Company has submitted to renew the application for the proposed Transfer of Listing on 29 August 2017.

Further announcement(s) will be made by the Company to keep the Shareholders and potential investors informed of the progress of the Transfer of Listing as and when appropriate.

Shareholders and potential investors should be aware that the Transfer of Listing is subject to, among others, the granting of relevant approval by the Stock Exchange. There is no assurance that approval and permission will be obtained from the Stock Exchange for the Transfer of Listing. Accordingly, the Transfer of Listing may or may not proceed. Shareholders and potential investors are advised to exercise caution when dealing in the Shares.

On behalf of the Board

CL Group (Holdings) Limited Kwok Kin Chung Executive Director

Hong Kong, 29 August 2017

As at the date of this announcement, the Company's non-executive Director is Mr. Alexis Ventouras (Chairman), the Company's executive Directors are Mr. Kwok Kin Chung (Chief Executive Officer), Mr. Lau Kin Hon and Ms. Yu Linda, and the Company's independent non-executive Directors are Mr. Au-Yeung Tai Hong Rorce, Mr. Chiu Wai Keung and Mr. Poon Wing Chuen.

This announcement, for which all the Directors collectively and individually accept full responsibility, includes particulars given in compliance with the GEM Listing Rules for the purpose of giving information with regard to the Company. The Directors, having made all reasonable enquiries, confirm that, to the best of their knowledge and belief, the information contained in this announcement is accurate and complete in all material respects and not misleading or deceptive, and there are no other matters the omission of which would make any statement in this announcement misleading.

This announcement will remain on the "Latest Company Announcements" page of the GEM Website at www.hkgem.com for 7 days from the date of its posting, the Stock Exchange at www.hkexnews.hk and on the Company's website at www.cheongleesec.com.hk.