Oi Wah Pawnshop Credit : VOLUNTARY ANNOUNCEMENT PROVISION OF FINANCIAL ASSISTANCE

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: 1319)

VOLUNTARY ANNOUNCEMENT PROVISION OF FINANCIAL ASSISTANCE

This is a voluntary announcement made by the Company.

The Board is pleased to announce that on 16 January 2019, the MOU was entered into between Oi Wah PL and Lender A in relation to the Loan Agreement entered into between Lender A and Customer B. Pursuant to the Agreements, Oi Wah PL has agreed to grant the Loan to Customer B for a term of 12 months.

This is a voluntary announcement made by the Company.

The Board is pleased to announce that on 16 January 2019, the MOU was entered into between Oi Wah PL and Lender A in relation to the Loan Agreement entered into between Lender A and Customer B. Pursuant to the Agreements, Oi Wah PL has agreed to grant the Loan to Customer B for a term of 12 months.

As the applicable percentage ratios under Rule 14.07 of the Listing Rules in respect of the Loan granted to Customer B under the Agreements are below 5%, the grant of the Loan is not subject to the disclosure requirement under Chapter 14 of the Listing Rules.

Furthermore, as one of the ultimate beneficial owners of Customer B is the same with or an associate of the ultimate beneficial owners of the customers of the Existing Loans, the grant of the Loan requires aggregation with the Existing Loans (which in aggregate constitutes a discloseable transaction for the Company under Chapter 14 of the Listing Rules and were disclosed under the announcements issued by the Company on 30 March 2017, 12 July 2017, 10 August 2017, 16 January 2018, 10 October 2018 and 12 October 2018) under Rule 14.22 of the Listing Rules. On 16 January 2019, Customer B has repaid the principal amount with accrued interest under the loan agreement entered into between Oi Wah PL and Customer B dated 16 January 2018, which was disclosed in the announcement issued bythe Company on 16 January 2018. Given the applicable percentage ratios in respect of the Loan and the Existing Loans in aggregate under Rule 14.07 of the Listing Rules exceed 5% but are less than 25%, the grant of the Loan and the Existing Loans in aggregate still constitutes a discloseable transaction for the Company under Chapter 14 of the Listing Rules. Accordingly, the disclosure in this announcement is made on a voluntary basis since the Existing Loans were disclosed earlier and the aggregation of the Loan and the Existing Loans does not alter the classification of transaction of the Existing Loans.

Summarised below are the principal terms of the Agreements.

ThE AGREEMENTS

Date of the Loan	:	6 December 2018
Agreement
Date of the MOU	:	16 January 2019
Drawdown Date	:	16 January 2019
Lender	:	Oi Wah PL and Lender A
Borrower	:	Customer B
Principal	:	Oi Wah PL: HK$5,000,000.00
Lender A: HK$25,000,000.00
Interest rate	:	12% per annum
Term	:	12 months commencing from the Drawdown Date
Security	:	A first legal charge/mortgage in respect of the commercial property located
in Tsuen Wan with valuation conducted by an independent property valuer
on 8 January 2019 with the amount of approximately HK$46,000,000.00
Repayment	:	Customer B shall repay the interests on a monthly basis with the principal
amount to be repaid at loan maturity
Early redemption	:	Customer B shall give 3 months prior notice to Lender A for early
redemption of the Loan

OThER TERMS OF ThE AGREEMENTS

Pursuant to the Agreements, the Loan is guaranteed by two individuals who are Independent Third Parties. The mortgaged property is insured against fire risks with an insurance company.

INFORMATION ON ThE CREDIT RISK RELATING TO ThE LOAN

The making of the Loan is collaterised. The collateral provided by Customer B for the Loan is sufficient as the loan-to-value ratio of the mortgaged property is approximately 65% (loan-to-value ratio as a first mortgage to other independent mortgage: approximately 54%, loan-to-value ratio of the Loan as a first mortgage to the Group: approximately 11%) based on the value of the mortgaged property for the Loan as determined by the independent valuer.

The advance in respect of the Loan was also made on the basis of the Company's credit assessments made on the financial strength and repayment ability of Customer B, the collateral provided by Customer B, which is at the prime sites in Hong Kong, and the relatively short term nature of the advance. After taking into account the factors as disclosed above in assessing the risks of the relevant advance, the Company considers that the risks involved in the advance to Customer B are relatively low.

FUNDING OF ThE LOAN

The Group will finance the Loan with the Company's general working capital.

INFORMATION ON CUSTOMER B

Customer B is a company incorporated in Hong Kong principally engaged in the business of property investment. Customer B is a repeated customer of the Group with no default record. To the best of the knowledge, information and belief of the Directors having made all reasonable enquiry, Customer B and its ultimate beneficial owner are Independent Third Parties and not connected with the Group.

INFORMATION ON ThE GROUP AND ThE LENDER

The Group is a financing service provider in Hong Kong mainly providing secured financing, including pawn loans and mortgage loans under the provisions of the Pawnbrokers Ordinance and the Money Lenders Ordinance. Oi Wah PL, as the lender of the Loan, is an indirect wholly-owned subsidiary of the Company.

INFORMATION ON LENDER A

Lender A is a company incorporated in Hong Kong principally engaged in the business of financing service in Hong Kong. Lender A was approached by the Group through the Group's network. To the best of the knowledge, information and belief of the Directors having made all reasonable enquiry, Lender A is an Independent Third Party and not connected with the Group.

REASONS FOR ENTERING INTO ThE AGREEMENTS

Taking into account the principal business activities of the Group, the grant of the Loan to Customer B is in the ordinary and usual course of business of the Group.

The terms of the Agreements were negotiated on an arm's length basis between Oi Wah PL, Lender A and Customer B. The Directors consider that the granting of the Loan is a financial assistance provided by the Company within the meaning of the Listing Rules. The Directors are of the view that the terms of the Agreements were entered into on normal commercial terms based on the Company's credit policy. Taking into account the satisfactory financial background of Customer B and that a stable revenue and cashflow stream from the interest income is expected, the Directors consider that the terms of the Agreements are fair and reasonable and the entering into of the Agreements is in the interests of the Company and its shareholders as a whole.

DEFINITIONS

In this announcement, the following expressions have the following meanings:

"Agreements"	Loan Agreement and the MOU
"Board"	the board of Directors
"Company"	Oi Wah Pawnshop Credit Holdings Limited, a company incorporated
in the Cayman Islands with limited liability, the shares of which are
listed on the Stock Exchange
"Customer B"	the borrower, being a company incorporated in Hong Kong and an
Independent Third Party
"Customer D"	Customer D as defined in the announcements issued by the Company
on 12 July 2017 and 10 August 2017
"Director(s)"	the director(s) of the Company
"Drawdown Date"	16 January 2019, being the date on which the Loan is drawndown
"Existing Loans"	the loans granted to Customer B and its associates by Oi Wah PL,
namely (i) the two loans granted to Customer B as set out in the
Company's announcement dated 30 March 2017 and supplemented by
supplemental agreements disclosed in the Company's announcements
dated 16 January 2018; (ii) the two loans granted to Customer B and
Customer D respectively as set out in the Company's announcement
dated 12 July 2017 and supplemented by supplemental agreements
disclosed in the Company's announcements dated 16 January 2018

and 12 October 2018; and (iii) the loan granted to Customer D as
set out in the Company's announcement dated 10 August 2017 and
supplemented by supplemental agreements disclosed in the Company's
announcements dated 16 January 2018 and 10 October 2018
"Group"	the Company and its subsidiaries
"HK$"	Hong Kong Dollars, the lawful currency of Hong Kong
"Hong Kong"	the Hong Kong Special Administrative Region of the People's Republic
of China
"Independent Third Party(ies)"	third party(ies) who is/are independent of the Company and its
connected person(s) (as defined in the Listing Rules)
"Lender A"	the lender being a company incorporated in Hong Kong and an
Independent Third Party
"Listing Rules"	the Rules Governing the Listing of Securities on the Stock Exchange
"Loan"	a mortgage loan in the amount of HK$5,000,000.00 provided by Oi
Wah PL to Customer B pursuant to the Agreements
"Loan Agreement"	the loan agreement dated 6 December 2018 entered into between
Lender A and Customer B
"Money Lenders Ordinance"	the Money Lenders Ordinance (Chapter 163 of the laws of Hong
Kong) as amended, supplemented or otherwise modified from time
to time
"MOU"	the memorandum of understanding dated 16 January 2019 entered into
between Oi Wah PL and Lender A in relation to the Loan Agreement
"Oi Wah PL"	Oi Wah Property Credit Limited, a limited liability company
incorporated in Hong Kong and an indirect wholly-owned subsidiary
of the Company
"Pawnbrokers Ordinance"	the Pawnbrokers Ordinance (Chapter 166 of the laws of Hong Kong)
as amended, supplemented or otherwise modified from time to time