CWT International : COMPLETION OF DISCLOSEABLE TRANSACTION IN RELATION TO THE DISPOSAL OF A PROPERTY OF THE GROUP LOCATED IN THE UNITED KINGDOM THROUGH THE DISPOSAL OF A SUBSIDIARY

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.

CWT INTERNATIONAL LIMITED

(Incorporated in Hong Kong with limited liability)

(Stock Code: 521)

COMPLETION OF DISCLOSEABLE TRANSACTION

IN RELATION TO

THE DISPOSAL OF A PROPERTY OF THE GROUP

LOCATED IN THE UNITED KINGDOM THROUGH

THE DISPOSAL OF A SUBSIDIARY

Reference is made to the announcement made by CWT International Limited (the "Company") dated 11 December 2019 (the "Announcement"). Capitalised terms used herein shall have the same meaning as those defined in the Announcement unless otherwise stated.

As stated in the Announcement, the conditions stated in the Share Purchase Agreement have been satisfied. The Board is pleased to announce that Completion took place on 20 December 2019. Upon Completion, the Buyer has acquired all the issued shares of the Target Company, and the Target Company ceased to be a subsidiary of the Company.

CONTINUED SUSPENSION OF TRADING

Reference is made to the announcements of the Company dated 10 April 2019, 6 June 2019, 9 July 2019, 19 July 2019, 5 August 2019 and 9 October 2019. At the request of the Company, trading in the shares of the Company on the Stock Exchange was suspended from 2:32 p.m. on 10 April 2019. The shares of the Company will remain suspended until the materialization of the disposal plans of the Group gearing towards the repayment of the amounts due and payable under the Facility Agreement and the approval of the resumption proposal of the Company by the Stock Exchange.

By order of the Board

CWT INTERNATIONAL LIMITED

Ding Lei

Executive Director

Hong Kong, 20 December 2019

As at the date of this announcement, the Board comprises Mr. Zhu Weijun (Executive Director and Co-Chairman), Mr. Ding Lei (Executive Director, Co-Chairman and Chief Executive Officer), Mr. Zhao Quan (Executive Director), Mr. Chen Chao (Executive Director), Mr. Zhang Can (Executive Director), Mr. Li Neng (Executive Director), Mr. Leung Shun Sang, Tony (Independent Non-executive Director), Mr. Liem Chi Kit, Kevin (Independent Non-executive Director), Mr. Lam Kin Fung, Jeffrey (Independent Non-executive Director) and Ms. Chen Lihua (Independent Non-executive Director).