Ka Shui International : FURTHER ANNOUNCEMENT ON ANNUAL RESULTS OF THE COMPANY FOR THE YEAR ENDED 31 DECEMBER 2019

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KA SHUI INTERNATIONAL HOLDINGS LIMITED

嘉 瑞 國 際 控 股 有 限 公 司

(Incorporated in the Cayman Islands with limited liability)

(Stock code: 822)

FURTHER ANNOUNCEMENT ON

ANNUAL RESULTS OF THE COMPANY

FOR THE YEAR ENDED 31 DECEMBER 2019

Reference is made to the announcement of Ka Shui International Holdings Limited (the ''Company'') dated 30 March 2020 announcing the unaudited final results of the Company and its subsidiaries (collectively the ''Group'') for the year ended 31 December 2019 (the ''2019 Results Announcement''). Capitalised terms used herein, unless otherwise defined, shall have the same meanings as those defined in the 2019 Results Announcement.

AUDITOR'S AGREEMENT ON THE COMPANY'S 2019 ANNUAL RESULTS

As stated in the 2019 Results Announcement, as at 30 March 2020, the Company had not fully completed the audit of its results for the year ended 31 December 2019 (the ''2019 Annual Results'').

The board of directors (the ''Board'') is pleased to announce that on 23 April 2020, the Company has completed the auditing process for the 2019 Annual Results and the Group's auditor, Messrs. RSM Hong Kong, has agreed on the 2019 Annual Results (including the financial figures in respect of the Group's consolidated statement of profit or loss, consolidated statement of profit or loss and other comprehensive income, consolidated statements of financial position and the related notes thereto) as set out in the 2019 Results Announcement in accordance with the requirement of Rule 13.49(2) of the Listing Rules.

The 2019 Annual Results contained in the 2019 Results Announcement remain unchanged.

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SCOPE OF WORK OF MESSRS. RSM HONG KONG

The figures in respect of the Group's consolidated statement of profit or loss, consolidated statement of profit or loss and other comprehensive income, consolidated statement of financial position and the related notes thereto for the year ended 31 December 2019 as set out in the 2019 Results Announcement have been agreed by the Group's auditor, Messrs. RSM Hong Kong, to the amounts set out in the Group's audited consolidated financial statements for the year as approved by the Board on 23 April 2020. The work performed by Messrs. RSM Hong Kong in this respect did not constitute an assurance engagement in accordance with Hong Kong Standards on Auditing, Hong Kong Standards on Review Engagements or Hong Kong Standards on Assurance Engagements issued by the Hong Kong Institute of Certified Public Accountants and consequently no assurance has been expressed by Messrs. RSM Hong Kong on the 2019 Results Announcement or this further announcement.

FINAL DIVIDEND

A final dividend in respect of the year ended 31 December 2019 of HK2.0 cents per share, in an aggregate amount of approximately HK$17,875,000, has been proposed by the Board. The proposed final dividend will be payable on or about Friday, 26 June 2020 to shareholders whose names appear on the register of members of the Company on Thursday, 18 June 2020 subject to the approval of the shareholders of the Company at the forthcoming annual general meeting to be held on Monday, 8 June 2020.

CLOSURE OF REGISTER OF MEMBERS

The register of members of the Company will be closed from Wednesday, 3 June 2020 to Monday, 8 June 2020, both days inclusive, during which no transfer of shares will be registered. In order to be eligible to attend and vote at the forthcoming annual general meeting of the Company, all share transfer documents accompanied by the relevant share certificates and transfer forms must be lodged with the Company's branch share registrar and transfer office in Hong Kong, Computershare Hong Kong Investor Services Limited, at 17M Floor, Hopewell Centre, 183 Queen's Road East, Wanchai, Hong Kong for registration not later than 4 : 30 p.m. on Tuesday, 2 June 2020.

The register of members of the Company will be closed from Monday, 15 June 2020 to Thursday, 18 June 2020, both days inclusive, during which no transfer of shares will be registered. In order to qualify for the final dividend, all share transfer documents accompanied by the relevant share certificates and transfer forms must be lodged with the Company's branch share registrar and transfer office in Hong Kong, Computershare Hong Kong Investor Services Limited, at 17M Floor, Hopewell Centre, 183 Queen's Road East, Wanchai, Hong Kong for registration not later than 4 : 30 p.m. on Friday, 12 June 2020.

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PUBLICATION OF 2019 ANNUAL REPORT

The Company expects to publish its annual report for the year ended 31 December 2019 on or before 29 April 2020.

By order of the Board

Ka Shui International Holdings Limited

LEE YUEN FAT

Chairman

Hong Kong, 23 April 2020

As at the date of this announcement, the Board comprises three executive directors, namely Mr. Lee Yuen Fat, Mr. Wong Wing Chuen and Ms. Chan So Wah, and four independent non-executive directors, namely Professor Sun Kai Lit, Cliff BBS, JP, Ir Dr. Lo Wai Kwok SBS, MH, JP, Mr. Andrew Look and Mr. Kong Kai Chuen, Frankie.

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