Daisho Microline : CLARIFICATION ANNOUNCEMENT PLACING OF NEW SHARES UNDER GENERAL MANDATE

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.

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

DAISHO MICROLINE HOLDINGS LIMITED

(Incorporated in Bermuda with limited liability)

(Stock Code: 0567)

CLARIFICATION ANNOUNCEMENT

PLACING OF NEW SHARES

UNDER GENERAL MANDATE

Reference is made to the announcement of Daisho Microline Holdings Limited (the "Company") dated 18 August 2020 in relation to the placing of new shares under general mandate (the "Announcement").

The Company would like to clarify the typographical errors contained on pages 1 and 3 of the Announcement that the Placing Price of HK$0.158 represents a discount of approximately 18.56% to the average closing price as quoted on the Stock Exchange for the last five consecutive trading days immediately preceding the date of the Placing Agreement, which was HK$0.194 per Share.

Save as disclosed herein, all other information in the Announcement shall remain unchanged.

By Order of the Board

Daisho Microline Holdings Limited

Cheung Lai Ming

Chairman

Hong Kong, 19 August 2020

As at the date of this announcement, the Board consists of two executive Directors, namely, CHEUNG Lai Ming and LEE Man Kwong, and three independent non-executive Directors, namely, LEUNG King Fai, CHOU Yuk Yan and CHAN Yau Ching, Bob.