Symphony : FURTHER DELAY IN DESPATCH OF CIRCULAR IN RELATION TO THE PROPOSED ACQUISITION OF THE 42% EQUITY INTEREST IN GIANT EAGLE ENTERPRISES LIMITED AND APPLICATION FOR WHITEWASH WAIVER

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.

SYMPHONY HOLDINGS LIMITED 新灃集團有限公司*

(Incorporated in Bermuda with limited liability)

(Stock Code : 01223) (Warrant Code : 01537) FURTHER DELAY IN DESPATCH OF CIRCULAR IN RELATION TO THE PROPOSED ACQUISITION OF THE 42% EQUITY INTEREST IN GIANT EAGLE ENTERPRISES LIMITED AND APPLICATION FOR WHITEWASH WAIVER

Reference is made to (a) the announcement of Symphony Holdings Limited (the "Company") dated 13 December 2016 in relation to (i) the discloseable and connected transaction in relation to the proposed acquisition of the 42% equity interest in Giant Eagle Enterprises Limited not already owned by the Company involving the issue of consideration shares under specific mandate; and (ii) application for whitewash waiver (the "Announcement"); and (b) the announcement of the Company dated 3 January 2017 in relation to the delay in despatch of the Circular (the "Delay Announcement"). Capitalised terms used in this announcement shall have the same meanings as those defined in the Announcement unless the context requires otherwise.

As disclosed in the Delay Announcement, the Circular is expected to be despatched to the Shareholders on or before 25 January 2017. As additional time is required to finalise certain information for inclusion in the Circular including, among other things, the valuation reports of the properties of the Group and the Target Group prepared in compliance with Chapter 5 of the Listing Rules and Rule 11 of the Takeovers Code, an application has been made by the Company to seek the consent from the Executive to further extend the deadline for the despatch of the Circular to a date on or before 15 February 2017, and the Executive has indicated that it is minded to grant its consent for such extension.

By order of the Board Symphony Holdings Limited Cheng Tun Nei

Chairman

Hong Kong, 25 January 2017

* For identification only

At the date of this announcement, the Directors are:

Executive Directors:	Mr. Cheng Tun Nei (Chairman and Chief Executive Officer) Mr. Chan Kar Lee Gary
Non-executive Director:	Mr. Hong Kim Cheong
Independent non-executive Directors:	Mr. Shum Pui Kay Mr. Wah Wang Kei Jackie Mr. Chow Yu Chun Alexander

The Directors jointly and severally accept full responsibility for the accuracy of information contained in this announcement and confirm, having made all reasonable enquiries, 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.