Ernest Borel : Change of Substantial Shareholder

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.

ERNEST BOREL HOLDINGS LIMITED

(Incorporated in the Cayman Islands with limited liability)

(Stock Code: 1856)

CHANGE OF SUBSTANTIAL SHAREHOLDER

This announcement is made by Ernest Borel Holdings Limited (the "Company", and together with its subsidiaries, the "Group") pursuant to Rule 13.09 of the Rules Governing the Listing of Securities on The Stock Exchange of Hong Kong Limited (the "Listing Rules") and the Inside Information Provisions (as defined under the Listing Rules) under Part XIVA of the Securities and Futures Ordinance (Chapter 571 of the Laws of Hong Kong).

The board of directors of the Company (the "Board") has been informed that on 19 January 2018, Sense Control International Limited ("Sense Control") has disposed of 99,755,000 shares of the Company, representing 28.71% of the issued share capital of the Company, to Sino Wisdom Ventures Limited (the "Purchaser") at a total consideration of HK$159,608,000 (the "Sale").

Upon completion of the Sale, Sense Control has ceased to be a substantial shareholder of the Company (as defined in the Listing Rules) and does not have any shareholding interest in the Company. The Purchaser thereby becomes a substantial shareholder of the Company.

Shareholders and potential investors are advised to exercise caution when dealing in the securities of the Company.

By Order of the Board Ernest Borel Holdings Limited

Sit Yau Chiu

Chairman

Hong Kong, 19 January 2018

As at the date of this announcement, the executive Directors are Mr. Sit Yau Chiu and Mr. Xiong Wei, the Non-executive Directors are Mr. Chan Kwan Pak Gilbert and Ms. Lou Liuqing, and independent non-executive Directors are Mr. Lui Wai Ming, Mr. To Chun Kei and Ms. Chan Lai Wa.

This announcement, for which the Directors collectively and individually accept full responsibility, includes particulars given in compliance with the Main Board 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.