Joint Announcement: Profit Warning Announcement of Lai Fung Holdings Limited

Hong Kong Exchanges and Clearing Limited and The Stock Exchange of Hong Kong Limited take no responsibility for the contents of this joint 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 joint announcement.

JOINT ANNOUNCEMENT

Profit Warning Announcement of

Lai Fung Holdings Limited

The board of directors ("Board") of each of Lai Sun Garment (International) Limited ("LSG"), Lai Sun Development Company Limited ("LSD", a 56.07%-owned subsidiary of LSG) and eSun Holdings Limited ("eSun", a 74.62%-owned subsidiary of LSD) refer to a profit warning announcement of Lai Fung Holdings Limited ("Lai Fung", a 50.55%-owned subsidiary of eSun) published on 28 June 2019 ("Lai Fung Announcement"). The issued shares of Lai Fung are listed and traded on the Main Board of The Stock Exchange of Hong Kong Limited (Stock Code: 1125).

For details of the Lai Fung Announcement, please refer to the websites of The Stock Exchange of Hong Kong Limited at www.hkexnews.hk and Lai Fung at www.laifung.com.

Respective shareholders and potential investors of LSG, LSD and eSun are advised to exercise caution when dealing in the shares and/or other securities of LSG, LSD and eSun.

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By Order of the Board	By Order of the Board
Lai Sun Garment (International) Limited	Lai Sun Development Company Limited
Chew Fook Aun	Chew Fook Aun
Executive Director and Deputy Chairman	Executive Director and Deputy Chairman

By Order of the Board

eSun Holdings Limited

Lui Siu Tsuen, Richard

Executive Director and Chief Executive Officer

Hong Kong, 28 June 2019

As at the date of this joint announcement,

(a) the Board of LSG comprises six executive directors, namely Dr. Lam Kin Ming (Chairman), Dr. Lam Kin Ngok, Peter (Deputy Chairman), Mr. Chew Fook Aun (Deputy Chairman), Madam U Po Chu, Mr. Lam Kin Hong, Matthew and Mr. Lam Hau Yin, Lester (also alternate to Madam U Po Chu); and three independent non-executive directors, namely Messrs. Leung Shu Yin, William, Lam Bing Kwan and Chow Bing Chiu;

1. the Board of LSD comprises four executive directors, namely Dr. Lam Kin Ngok, Peter (Chairman) and Messrs. Chew Fook Aun (Deputy Chairman), Lau Shu Yan, Julius (Chief Executive Officer) and Lam Hau Yin, Lester; two non-executive directors, namely Dr. Lam Kin Ming and Madam U Po Chu; and four independent non-executive directors, namely Messrs. Lam Bing Kwan, Leung Shu Yin, William, Ip Shu Kwan, Stephen and Leung Wang Ching, Clarence; and
2. the Board of eSun comprises four executive directors, namely Messrs. Lui Siu Tsuen, Richard (Chief Executive Officer), Chew Fook Aun, Lam Hau Yin, Lester and Yip Chai Tuck; one non-executive director, namely Madam U Po Chu; and four independent non-executive directors, namely Messrs. Low Chee Keong (Chairman), Lo Kwok Kwei, David and Alfred Donald Yap and Dr. Ng Lai Man, Carmen.

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