Oi Wah Pawnshop Credit : DISCLOSEABLE TRANSACTION PROVISION OF FINANCIAL ASSISTANCE

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(Incorporated in the Cayman Islands with limited liability)

The Board is pleased to announce that on 13 February 2017, 13 September 2017 and 21 September 2017, Loan Agreement A, Loan Agreement B and Loan Agreement C were entered into between Oi Wah PL as lender and Two Customers, Customer C and Two Customers, each as borrower(s), respectively. Pursuant to Loan Agreement A, Loan Agreement B and Loan Agreement C, Oi Wah PL has agreed to grant Loan A, Loan B and Loan C to Two Customers, Customer C and Two Customers for a term of 12 months, 12 months and 3 months respectively.

As the applicable percentage ratios under Rule 14.07 of the Listing Rules in respect of Loan A granted to Two Customers under Loan Agreement A are below 5%, the grant of Loan A is not subject to the disclosure requirement under Chapter 14 of the Listing Rules.

As the applicable percentage ratios under Rule 14.07 of the Listing Rules in respect of Loan B granted to Customer C under Loan Agreement B are below 5%, the grant of Loan B is not subject to the disclosure requirement under Chapter 14 of the Listing Rules.

As the applicable percentage ratios under Rule 14.07 of the Listing Rules in respect of Loan C to be granted to Two Customers are below 5%, the grant of Loan C is not subject to the disclosure requirement under Chapter 14 of the Listing Rules.

As Customer A, Customer B and Customer C are associated with one another, the grant of the Loans requires aggregation under Rule 14.22 of the Listing Rules. As the applicable percentage ratios in respect of the Loans granted to the Customers under Rule 14.07 of the Listing Rules exceed 5% but less than 25%, the grant of the Loans constitutes a discloseable transaction for the Company under Chapter 14 of the Listing Rules.

The Board is pleased to announce that on 13 February 2017, 13 September 2017 and 21 September 2017, Loan Agreement A, Loan Agreement B and Loan Agreement C were entered into between Oi Wah PL as lender and Two Customers, Customer C and Two Customers, each as borrower(s), respectively. Pursuant to Loan Agreement A, Loan Agreement B and Loan Agreement C, Oi Wah PL has agreed to grant Loan A, Loan B and Loan C to Two Customers, Customer C and Two Customers for a term of 12 months, 12 months and 3 months respectively.

Date of the agreement : 13 February 2017 Lender : Oi Wah PL

Borrower : Two Customers

Principal : HK$20,000,000.00

Interest rate : P + 5.55% per annum, where P represented the prime rate of 5.25% per annum offered by Wing Lung Bank Limited as of the date of Loan Agreement A

Term : 12 months commencing from the Drawdown Date

Security : A first legal charge/mortgage in respect of a residential property located in Chung Hon Kok with valuation conducted by an independent property valuer on 19 September 2017 with an aggregate amount of approximately HK$92,000,000.00

Repayment : Two Customers shall repay the interests on a monthly basis with the principal amount at loan maturity

Early redemption : Handling charges of a sum of HK$540,000.00 if Loan A is fully repaid within 3 months from the Drawdown Date

Date of the agreement : 13 September 2017 Lender : Oi Wah PL

Borrower : Customer C

Principal : HK$15,000,000.00

Interest rate : P + 10.75% per annum where P represented the prime rate of 5.25% per annum of Wing Lung Bank Limited as of the date of Loan Agreement B

Term : 12 months commencing from the Drawdown Date

Security : A second legal charge/mortgage in respect of a residential property located in Sai Kung with valuation conducted by an independent property valuer on 5 September 2016 with an aggregate amount of approximately HK$64,000,000.00

Repayment : Customer C shall repay the interests on a monthly basis with the principal amount at loan maturity

Early redemption : Handling charges of a sum of HK$600,000.00 if Loan B is fully repaid within 3 months from the Drawdown Date

Date of the agreement : 21 September 2017 Lender : Oi Wah PL

Borrower : Two Customers

Principal : HK$10,000,000.00

Interest rate : P + 6.75% per annum, where P represented the prime rate of 5.25% per annum offered by Wing Lung Bank Limited as of the date of Loan Agreement C

Term : 3 months commencing from the Drawdown Date

Security : A first and a further legal charge/mortgage in respect of a residential property located in Chung Hon Kok with valuation conducted by an independent property valuer on 19 September 2017 with an aggregate amount of approximately HK$92,000,000.00

Repayment : Two Customers shall repay the interests on a monthly basis with the principal amount at loan maturity

Early redemption : Handling charges of a sum of HK$300,000.00 if Loan A is fully repaid within 3 months from the Drawdown Date

Pursuant to Loan Agreement A, Loan Agreement B and Loan Agreement C, all mortgaged properties are insured against fire risks with an insurance company approved by Oi Wah PL.

The making of the Loans are collaterised. The collateral provided by Two Customers for Loan A together with Loan C is sufficient as the loan-to-value ratio of the mortgaged property for Loan A together with Loan C to the Group is approximately 66% (loan-to-value ratio as a first mortgage to other independent mortgagee: approximately 33%, loan-to-value ratio of Loan A together with Loan C as a first mortgage to the Group: approximately 33%) based on the value of the mortgaged property for Loan A together with Loan C as determined by an independent valuer. The collateral provided by Customer C for Loan B is sufficient as the loan-to-value ratio of the mortgaged property is approximately 68% (loan-to-value ratio as a first mortgage: approximately 45%, loan-to-value ratio of Loan B as a second mortgage to the Group: approximately 23%) based on the value of the mortgaged property for Loan B as determined by an independent valuer.

The advance in respect of the Loans were also made on the basis of the Company's credit assessments made on the financial strength and repayment ability of the Customers, the collaterals provided by the Customers, which are at the prime sites in Hong Kong, and the relatively short term nature of the advance. After taking into account the factors as disclosed above in assessing the risks of the relevant advance, the Company considers that the risks involved in the advance to the Customers are relatively low.

The Group will finance the Loans with the Company's general working capital.

Customer A is a merchant and our existing customer with no default record. To the best of the knowledge, information and belief of the Directors having made all reasonable enquiry, Customer A is an Independent Third Party and not connected with the Group.

Customer B is a relative of Customer A and our existing customer with no default record. To the best of the knowledge, information and belief of the Directors having made all reasonable enquiry, Customer B is an Independent Third Party and not connected with the Group.