Tongda : COMPLETION OF CONNECTED TRANSACTION IN RELATION TO THE ACQUISITION OF THE REMAINING 30% OF THE ISSUED SHARES IN TONGDA PRECISION TECHNOLOGY COMPANY LIMITED AND ISSUE OF CONSIDERATION SHARES UNDER SPECIFIC MANDATE

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

(Incorporated in the Cayman Islands with limited liability)

(Stock Code: 698)

COMPLETION OF CONNECTED TRANSACTION IN RELATION TO THE ACQUISITION OF THE REMAINING 30% OF THE ISSUED SHARES

IN TONGDA PRECISION TECHNOLOGY COMPANY LIMITED AND ISSUE OF CONSIDERATION SHARES UNDER SPECIFIC MANDATE

References are made to the announcements of Tongda Group Holdings Limited (the "Company") dated 28 August 2018, 18 September 2018 and 18 October 2018 and the circular (the "Circular") of the Company dated 9 November 2018 in relation to the Acquisition. Capitalised terms used herein shall have the same meanings as defined in the Circular unless the context requires otherwise.

The Board is pleased to announce that all the conditions precedent set out in the Acquisition Agreement had been fulfilled and the Acquisition was completed on 5 December 2018 in accordance with the terms and conditions of the Acquisition Agreement. Upon Completion, (i) the Target Group has become indirect wholly-owned subsidiaries of the Company and their financial results will continue to be consolidated into the Company's consolidated financial statements; and (ii) the Company has allotted and issued 182,325,000 Consideration Shares at the Issue Price to the Vendor (or his nominee(s)), credited as fully paid.

By order of the Board

Tongda Group Holdings Limited

Wang Ya Nan

Chairman

Hong Kong, 5 December 2018

As at the date of this announcement, the Board comprises Mr. Wang Ya Nan, Mr. Wang Ya Hua, Mr. Wong Ah Yeung and Mr. Wang Ming Che as executive Directors; Mr. Wong Ah Yu and Ms. Chan Sze Man as non-executive Directors; and Dr. Yu Sun Say, GBM, GBS, SBS, JP, Mr. Cheung Wah Fung, Christopher, SBS, JP and Mr. Ting Leung Huel Stephen as independent non-executive Directors.