Hosa International : Announcements and Notices - Appointment of Independent Investigator

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HOSA INTERNATIONAL LIMITED खӍ਷ყϞࠢʮ̡

(incorporated in the Cayman Islands with limited liability)

(Stock Code: 02200)

APPOINTMENT OF INDEPENDENT INVESTIGATOR

Reference is made to the announcement of the Company in relation to the clarification of market research report dated 11 July 2018 (the "Announcement"). Unless otherwise defined herein, capitalized terms herein shall have the meaning as defined in the Announcement.

On 10 August 2018, the Board of the Company has passed a board resolution to approve the implementation of independent review regarding the Allegation made in the Report and an independent investigator will be appointed.

The Board is currently in the course of seeking and considering an appropriate independent investigator to carry out an investigation into the Allegation contained in the Report. The Company will keep shareholders and public informed of the latest developments by making further announcement(s) as and when appropriate.

By order of the Board

Hosa International Limited

Shi Hongliu

Chairman

Hong Kong, 13 August 2018

As at the date of this announcement, the executive directors are Mr. Shi Hongliu, Mr. Shi Hongyan and Mr. Shi Zhixiong, and the independent non-executive directors are Mr. Yao Ge and Mr. He Wenyi.