Midas : Jilin Midas Investments Co., Ltd

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.

(Singapore Registration No.: 200009758W) (Incorporated in Singapore with limited liability)

(Hong Kong Stock Code: 1021) (Singapore Stock Code: 5EN)

OVERSEAS REGULATORY ANNOUNCEMENT

INSIDE INFORMATION

This announcement is issued pursuant to Part XIVA of the Securities and Futures Ordinance and Rules 13.09 and 13.10B of the Rules Governing the Listing of Securities on The Stock Exchange of Hong Kong Limited.

Please refer to the attached announcement on the next page which has been published by Midas Holdings Limited (the "Company") on the website of the Singapore Exchange Securities Trading Limited on 18 May 2018.

On behalf of the

Midas Holdings Limited

Tong Din Eu Executive Director

Hong Kong, 18 May 2018

As at the date of this announcement, the executive directors of the Company are Mr. Tong Din Eu and Dr. Xu Wei Dong; and the independent non-executive director of the Company is Mr. Chan Soo Sen.

MIDAS HOLDINGS LIMITED

(Company Registration No.: 200009758W)

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JILIN MIDAS INVESTMENTS CO., LTD __________________________________________________________________________________

Reference is made to the announcement of Midas Holdings Limited (the "Company", and together with its subsidiaries, the "Group") dated 16 April 2018 (the "Announcement"). Unless the context otherwise requires, capitalised terms used in this announcement shall have the same meanings as those defined in the Announcement.

In the Announcement, it was stated that Mr QiMing (齊明) of Jilin Province Qiming Bankruptcy Liquidation Co., Ltd (吉林省齊明破產清算有限公司) has been appointed as the judicial manager (the "Manager") of Jilin Midas Aluminium Industries Co., Ltd.. In the same Announcement, the Manager had informed the board of directors (the "Board") that it has acquired control over Jilin Midas Investments Co., Ltd ("JMI").

To date, the Board have yet to receive any court order to place JMI under judicial management and it seems that the Manager has acted beyond his authority by retaining the documents and stamps relating to JMI.

Without the necessary documents and stamps of JMI, the change of legal representative from Mr. Chen Wei Ping to Dr. Xu Wei Dong has stalled.

The Company is seeking legal advice on this matter.

BY ORDER OF THE BOARD

Midas Holdings Limited

Tong Din Eu Executive Director

Date: 18 May 2018