Wai Chi : Clarification Announcement in Relation to Announcement of Interim Results for the Six Months Ended 30 June 2017

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WAI CHI HOLDINGS COMPANY LIMITED

偉志控股有限公司

(Incorporated in the Cayman Islands with limited liability)

(Stock Code: 1305) CLARIFICATION ANNOUNCEMENT IN RELATION TO ANNOUNCEMENT OF INTERIM RESULTS FOR THE SIX MONTHS ENDED 30 JUNE 2017

Reference is made to the announcement of the unaudited consolidated interim results of Wai Chi Holdings Company Limited (the "Company") and its subsidiaries for the six months ended 30 June 2017 published by the Company on 24 August 2017 (the "Interim Results Announcement"). Unless otherwise defined in this announcement, capitalized terms used herein shall have the same meanings as those defined in the Interim Results Announcement.

The Board would like to clarify that, the paragraph under the section headed "MANAGEMENT DISCUSSION AND ANALYSIS" on page 25 of the Interim Results Announcement regarding the "Placing of New Shares and Offer to Acquire the Company's Shares", a paragraph for description of the Placing of New Shares should be added as follows:

On 6 May 2016, the Company completed a placing of new shares (the "Placing"), allotted and issued 16,825,000 new shares of the Company to not less than six individuals who are independent third parties at the price of HK$2.00 per share. Net Proceeds from the Placing amounted to approximately HK$31,134,000, which are intended to be used for financing any potential investment opportunities such as mergers and acquisition that may arise from time to time. As at 30 June 2017, the net proceeds from the Placing have not yet been utilized and have been deposited with licensed banks in Hong Kong.

Save as disclosed above, all other information contained in the Interim Results Announcement remains unchanged.

Hong Kong, 30 August 2017

By order of the Board

Wai Chi Holdings Company Limited Yiu Chi To

Chairman

As at the date of this announcement, the executive Directors of the Company are Mr. Yiu Chi To (Chairman), Mr. Chen Chung Po (Chief Executive Officer), Ms. Yiu Kwan Yu, Mr. Chen Wei Wu and Ms. Yong Jian Hui. The independent non-executive directors are Mr. Au Yeung Tin Wah, Mr. Chen Kwok Wang and Mr. Ho Chi Wai.