TUS International : SUPPLEMENTAL ANNOUNCEMENT IN RELATION TO THE ISSUE OF NEW SHARES AND CONVERTIBLE BONDS UNDER SPECIFIC MANDATE

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This announcement is for information purposes only and does not constitute an invitation or offer to acquire, purchase or subscribe for any securities.

TUS INTERNATIONAL LIMITED ઼ࠔ਷ყϞࠢʮ̡

(Incorporated in the Cayman Islands with limited liability)

(Stock Code: 872)

SUPPLEMENTAL ANNOUNCEMENT

IN RELATION TO

THE ISSUE OF NEW SHARES AND CONVERTIBLE BONDS

UNDER SPECIFIC MANDATE

Reference is made to the announcement of TUS International Limited (the "Company") dated 11 January 2019 (the "Previous Announcement") in relation to, among other things, the Tuspark Subscription, the E-Town Subscription and the proposed grant of the Specific Placing Mandate. Unless otherwise stated, capitalized terms used herein shall have the same meanings as defined in the Previous Announcement.

DESPATCH OF CIRCULAR FOR THE TUSPARK SUBSCRIPTION AND THE E-TOWN SUBSCRIPTION

The Board is pleased to announce that a circular (the "Circular") containing, among other things, (i) details of the Tuspark Subscription and the E-Town Subscription; (ii) a letter of recommendation from the Independent Board Committee to the Independent Shareholders in relation to the Tuspark Subscription; (iii) a letter of advice from Gram Capital to the Independent Board Committee and the Independent Shareholders in relation to the Tuspark Subscription; and (iv) a notice convening an extraordinary general meeting of the Company to be held on 30 January 2019 (the "EGM") for approving the Tuspark Subscription and the E-Town Subscription, has been despatched to the Shareholders on 15 January 2019.

Details of the EGM are set out in the notice convening the EGM as contained in the Circular.

PROPOSED GRANT OF SPECIFIC PLACING MANDATE

As set out in the Previous Announcement, the Board proposed to seek the Specific Placing Mandate from the Shareholders for the Placing of not more than 258,053,912 new Shares to the Placee(s) at the Placing Price (which is the same as the Subscription Price and the Conversion Price of HK$0.6084 per Share) during the Placing Period. After further consideration, given that the Company has not yet entered into any legally binding agreements with respect to the Placing as contemplated under the Specific Placing Mandate as at the date of this announcement and the Company believes that it would be more appropriate to put forward the proposal for grant of the Specific Placing Mandate at a general meeting of the Company for consideration and approval by the Shareholders in the specific context of the legally binding agreement(s) entered into by the Company for such transaction(s), the Board has decided not to seek the Specific Placing Mandate from the Shareholders.

Instead, the Company will continue to explore different fund raising options to facilitate implementation of projects by the Group, broaden the shareholder base of the Company, and/ or strengthen the working capital and financial position of the Group from time to time. In this connection, the Company may seek to raise funds through allotment and issue of new Shares pursuant to the general mandate granted by the Shareholders to the Directors at the annual general meeting of the Company held on 12 June 2018 (the "General Mandate"), pursuant to which the Directors were granted authority to allot, issue and otherwise deal with up to 185,636,978 new Shares. As at the date of this announcement, 185,636,978 Shares remain available for issuance under the General Mandate.

The Company will publish further announcement(s) upon entering into any legally binding agreement(s) for any transactions under the General Mandate ("Possible Transaction(s)") and/or when required under the Listing Rules.

As no legally binding agreement has been entered into in respect of the Possible Transaction(s) which may or may not proceed, Shareholders and potential investors of the Company should exercise caution when dealing in the securities of the Company, and should consult their stockbroker, bank manager, solicitor or other professional adviser if they are in any doubt about their position or as to actions they should take.

By order of the Board

TUS International Limited

Ma Chi Kong Karl

Chairman

Hong Kong, 15 January 2019

As at the date of this announcement, the Board comprises Mr. Ma Chi Kong Karl (Chairman), Mr. Du Peng and Mr. Shen Xiao who are executive Directors, Mr. Tsang Ling Biu, Gilbert and Mr. Qin Zhiguang who are non-executive Directors, and Hon. Quat Elizabeth (JP), Mr. Poon Chiu Kwok and Mr. Wong Yuk Lun, Alan who are independent non-executive Directors.