Speedy Global : Announcements and Notices - Announcement Pursuant to Rule 3.7 of the Takeovers Code Update on Possible Transaction

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: 540)

ANNOUNCEMENT PURSUANT TO RULE 3.7 OF THE TAKEOVERS CODE UPDATE ON POSSIBLE TRANSACTION

This announcement is made pursuant to Rule 3.7 of The Code on Takeovers and Mergers ("Takeovers Code").

Reference is made to the announcement of the Company dated 5 January 2018 (the "Announcement"). Unless the context requires otherwise, terms used herein shall have the same meanings as defined in the Announcement.

STATUS OF NEGOTIATIONS

The Board has been informed by the Selling Shareholders that the negotiations between the Selling Shareholders and the Potential Purchaser in respect of the Possible Transaction are still on-going. Since the parties have not entered into the formal agreement on or before 26 January 2018, the Potential Purchaser has paid the Additional Earnest Money to the Selling Shareholders on the date hereof pursuant to the MOU.

Save for the MOU, no formal or legally binding agreement has been entered into between the Selling Shareholders and the Potential Purchaser or any other parties in respect of the Possible Transaction.

BLACK OUT PERIOD

Pursuant to the Listing Rules, the Company shall publish its final results for the year ended 31 December 2017 on or before 31 March 2018. The blackout period during which the directors of the Company are prohibited from dealing with their shares in the Company has commenced and will continue until after the date of publication of the announcement for the final results. As such, if any transaction under the Possible Transaction materialises, such transaction will not proceed until after the end of the blackout period.

MONTHLY ANNOUNCEMENTS

In accordance with Rule 3.7 of the Takeovers Code, monthly announcement(s) will be made until announcement of firm intention to make an offer under Rule 3.5 of the Takeovers Code or of a decision not to proceed with an offer is made. Further announcement(s) will be made by the Company as and when appropriate or required in accordance with the Listing Rules and the Takeovers Code (as the case may be).

WARNINGS: There is no assurance that the Possible Transaction will materialise or eventually be consummated and the relevant discussions may or may not lead to a general offer under Rule 26.1 of Takeovers Code. The Possible Transaction may or may not proceed. Shareholders and potential investors should exercise caution when dealing in the securities of the Company, and if they are in any doubt about their position, they should consult their professional adviser(s).

By order of the Board

Speedy Global Holdings Limited

Huang Chih Shen

Chairman

Hong Kong, 26 January 2018

As at the date of this announcement, the executive directors of the Company are Mr. Huang Chih Shen and Mr. Chan Hung Kwong, Patrick; the independent non-executive directors of the Company are Mr. Wong Ting Kon, Ms. Pang Yuen Shan, Christina, Mr. Chang Cheuk Cheung, Terence and Dr. Chan Chung Bun, Bunny.

The directors of the Company jointly and severally accept full responsibility for the accuracy of information contained in this announcement and confirm, having made all reasonable inquiries, that to the best of their knowledge, opinions expressed in this announcement have been arrived at after due and careful consideration and there are no other facts not contained in this announcement, the omission of which would make any statement in this announcement misleading.