Midas : Judicial Management Announcement

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(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 13 June 2018.

On behalf of the

Midas Holdings Limited

Tong Din Eu Executive Director

Hong Kong, 13 June 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)

_________________________________________________________________________

JUDICIAL MANAGEMENT ANNOUNCEMENT __________________________________________________________________________________

The board of directors (the "Board") of Midas Holdings Limited (the "Company", and together with its subsidiaries, the "Group") refers to the court documents of the Luoyang Intermediate People's Court of Henan Province (the "Court") dated 12 June 2018. Two companies, namely Zhengzhou Yuzhong Light Metal Machinery Co., Ltd. and Zhengzhou Zhongkun Electric Power Co., Ltd. had applied to the Court to restructure Luoyang Midas Aluminium Industries Co., Ltd. ("Luoyang Midas") for outstanding payments for machineries amounting to approximately RMB7.6 million. The Court has appointed Henan Qianye Law Firm and Luoyang Xingda Bankruptcy Liquidation Services Co., Ltd. as joint judicial manager to manage Luoyang Midas.

The Board will issue further announcements as appropriate, as and when there are any material developments in the matter.

BY ORDER OF THE BOARD

Midas Holdings Limited

Tong Din Eu Executive Director

Date: 13 June 2018