Mayer : UPDATES AFTER COURT HEARING - UPDATES ON THE WINDING UP PETITION AGAINST GUANGZHOU MAYER (in PDF)

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(Incorporated in the Cayman Islands with limited liability)

(Stock Code: 1116)

(the "Company")

UPDATES AFTER COURT HEARING -

UPDATES ON THE WINDING UP PETITION

AGAINST GUANGZHOU MAYER

References are made to the announcements of the Company dated 20 December 2017, 9 October 2018, 31 October 2018 and 4 January 2019 (the "Announcements") in relation to the winding up petition against GZ Mayer filed to the Intermediate Court by Wealth & Health Investments Limited and Taishun Industrial (Inner Mongolia) Food Co., Limited (the "Plaintiffs") of (2017) 粵01民初396號 in the PRC. Capitalised terms used in this announcement shall have the same meanings as those defined in the Announcements unless otherwise stated.

The Intermediate Court had heard the above-mentioned winding up petition on 27 December 2018. GZ Mayer had recently received a civil judgement letter dated 5 May 2019. The judgement result stated all claims by the Plaintiffs were rejected and the Plaintiffs were liable to all the litigation costs of the petition.

By order of the Board

Mayer Holdings Limited

Xu Lidi

Executive Director

Hong Kong, 20 May 2019

As at the date hereof, the Board comprises two executive directors, namely, Mr. Lee Kwok Leung and Mr. Xu Lidi; one non-executive director, namely, Mr. Wang Dongqi; and three independent non-executive directors, namely, Mr. Lau Kwok Hung, Mr. Deng Shimin and Ms. Chen Yen Yung.

*For identification purpose only