Ngai Hing Hong : PROFIT WARNING

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.

Ngai Hing Hong Company Limited

(Incorporated in Bermuda with limited liability)

(Stock Code: 1047)

Website: http://www.nhh.com.hk

PROFIT WARNING

This announcement is made by the Company pursuant to Inside Information Provisions under Part XIVA of the SFO and Rule 13.09(2)(a) of the Listing Rules.

The Board wishes to inform the Shareholders and potential investors that, based on the preliminary assessment of the Group's unaudited management accounts for the year ended 30th June 2020 and information currently available to the Board, the Group expects to record a loss attributable to the equity holders of the Company of not less than HK$6,000,000 for the year ended 30th June 2020, as compared to the a profit attributable to the equity holders of the Company of HK$7,806,000 for the year ended 30th June 2019.

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

This announcement is made by Ngai Hing Hong Company Limited (the "Company" and together with its subsidiaries, the "Group") pursuant to Inside Information Provisions (as defined in the Rules Governing the Listing of Securities on The Stock Exchange of Hong Kong Limited (the "Listing Rules")) under Part XIVA of the Securities and Futures Ordinance (Chapter 571 of the Laws of Hong Kong) (the "SFO") and Rule 13.09(2)(a) of the Listing Rules.

The Board of Directors (the "Board") of the Company wishes to inform the shareholders of the Company (the "Shareholders") and potential investors that, based on the preliminary assessment of the Group's unaudited management accounts for the year ended 30th June 2020 (the "Current Year") and information currently available to the Board, the Group expects to record a loss attributable to the equity holders of the Company of not less than HK$6,000,000 for the Current Year, as compared to a profit attributable to the equity holders of the Company of HK$7,806,000 for the year ended 30th June 2019. Such change is mainly attributable to (1) the reduction in turnover of the Group caused by the overall slowdown in global economy as a result of the

COVID-19 outbreak, and the declining prices of plastic materials during the Current Year; and (2) the recognition of the net amount of other losses which is mainly comprised of fair value losses on investment properties.

The information contained in this announcement is only based on the preliminary assessment made by the Board with reference to the unaudited management accounts of the Group for the Current Year and information currently available and such information has not been audited or reviewed by the Company's auditor. Shareholders and potential investors are advised to read carefully the annual results announcement of the Company for the Current Year which is expected to be issued on 29th September 2020.

Shareholders of the Company and potential investors are advised to exercise caution when

dealing in the shares of the Company.

By Order of the Board

Ngai Hing Hong Company Limited

HUI Sai Chung

Chairman

Hong Kong, 9th September 2020

As at the date of this announcement, the Board of Directors comprises six Executive Directors, namely Mr. HUI Sai Chung (Chairman), Mr. HUI Kwok Kwong, Mr. NG Chi Ming, Mr. HUI Yan Kuen, Mr. HUI Man Wai and Mr. HUI Yan Lung Geoffrey and three Independent Non-executive Directors, namely Mr. HO Wai Chi Paul, Mr. CHING Yu Lung and Mr. YU Chi Kwong.