Miko International : COMPLETION OF PLACING OF NEW SHARES UNDER SPECIFIC MANDATE

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MIKO INTERNATIONAL HOLDINGS LIMITED

米 格 國 際 控 股 有 限 公 司

(Incorporated in the Cayman Islands with limited liability)

(Stock Code: 1247)

COMPLETION OF PLACING OF NEW SHARES

UNDER SPECIFIC MANDATE

Reference is made to the announcement of Miko International Holdings Limited (the "Company") dated 23 February 2021 and the circular of the Company dated 25 February 2021 (the "Circular") in relation to, among other things, the Placing of new shares under Specific Mandate. Capitalised terms used in this announcement shall have the same meanings as defined in the Circular unless otherwise stated.

The Board is pleased to announce that all conditions set out in the Placing Agreement have been fulfilled and the completion of the Placing took place on 9 April 2021 in accordance with the terms and conditions of the Placing Agreement.

An aggregate of 19,680,000 Placing Shares have been successfully placed to not less than six Placees who and whose ultimate beneficial owners are not the connected person(s) of the Company and its connected persons at the Placing Price of HK$0.48 per Placing Share. To the best of the knowledge, information and belief of the Directors having made all reasonable enquiries, (i) each of the Placee is an independent third party; and (ii) none of the Placees has become a substantial Shareholder upon the completion of the Placing.

The 19,680,000 Placing Shares represent approximately 20.00% of the issued share capital of the Company as at the effective date of the Share Consolidation and approximately 16.67% of the enlarged issued share capital of the Company immediately after the allotment and issue of the Placing Shares. The net proceeds from the Placing amounted to approximately HK$9.2 million. The Company intends to utilise the net proceeds from the Placing for repayment of bank borrowings, general working capital and corporate purpose, details of which are set out in the section headed "Reasons for the Placing and use of proceeds" in the "Letter from the Board" of the Circular.

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The shareholding structures of the Company (i) immediately before the Placing; and (ii) as at the date of this announcement are as follows:

Notes:

1. Think Wise Holdings Investment Limited, is 100% owned by Mr. Ding Peiji, the chairman of the Company and executive Director.
2. Snowy Wise Limited is 100% owned by Ms. Ding Lizhen, an executive Director and the elder sister of Mr. Ding Peiji and Mr. Ding Peiyuan.
3. Rightful Style Limited is 100% owned by Mr. Ding Peiyuan, an executive Director and the younger brother of Mr. Ding Peiji and Ms. Ding Lizhen.

By order of the Board

Miko International Holdings Limited

Ding Peiji

Chairman

Hong Kong, 9 April 2021

As at the date of this announcement, our executive Directors are Mr. Ding Peiji, Mr. Ding Peiyuan and Ms. Ding Lizhen; and our independent non-executive Directors are Mr. Hung Cho Sing, Mr. Chan Wai Wong and Mr. Wu Shiming.

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