PPS International : Change Of Auditor

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PPS INTERNATIONAL (HOLDINGS) LIMITED

寶 聯 控 股 有 限 公 司

(Incorporated in the Cayman Islands with limited liability)

(Stock Code: 8201) CHANGE OF AUDITOR

This announcement is made by PPS International (Holdings) Limited (the "Company", together with its subsidiaries, the "Group") pursuant to Rule 17.50(4) of the Rules Governing the Listing of Securities on the Growth Enterprise Market (the "GEM Listing Rules") of The Stock Exchange of Hong Kong Limited (the "Stock Exchange").

RESIGNATION OF AUDITOR

The board of directors (the "Board") of the Company announces that HLB Hodgson Impey Cheng Limited ("HLB") has resigned as an auditor of the Group with effect from 14 July 2017, as the Company could not reach an agreement with HLB on the audit fee for the financial year ended 30 June 2017. HLB has confirmed in its letter of resignation that there are no matters connected with their resignation that need to be brought to the attention of the holders of securities of the Company. The Board and the audit committee of the Company also confirmed that there are no circumstances connected with the resignation of HLB that need to be brought to the attention of the holders of securities of the Company. HLB has not commenced the audit work on the financial statements of the Group for the year ended 30 June 2017 and the Board believes that the change of auditor will not have any significant impact on the annual audit of the Group for the year ended 30 June 2017. The Board would like to take this opportunity to express its gratitude to HLB for its professional services rendered to the Group in the past years.

APPOINTMENT OF AUDITOR

The Board further announces that, with the recommendation from the audit committee of the Company, Baker Tilly Hong Kong Limited has been appointed as the new auditor of the Group with effect from 14 July 2017 to fill the casual vacancy following the resignation of HLB and to hold office until the conclusion of the next annual general meeting of the Company.

By order of the Board

PPS International (Holdings) Limited Ye Jingyuan

Chief Executive Officer and Executive Director

Hong Kong, 14 July 2017

As at the date of this announcement, the Board comprises three executive Directors, Mr. Ye Jingyuan, Mr. Yu Shaoheng and Ms. Mui Fong, and three independent non-executive Directors, Mr. Chui Chi Yun Robert, Mr. Kwong Tsz Ching, Jack and Mr. Yu Xiufeng.

This announcement, for which 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 herein or this announcement misleading.

This announcement will remain on the "Latest Company Announcements" page of the internet website operated by the Stock Exchange for the purposes of the GEM at www.hkgem.com for at least seven days from the day of its posting and will be published on the website of the Company at www.ppsintholdings.com.