Oi Wah Pawnshop Credit : DISCLOSEABLE TRANSACTION PROVISION OF FINANCIAL ASSISTANCE VARIATION TO TERMS

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.

(Incorporated in the Cayman Islands with limited liability)

On 28 July 2017, Oi Wah PL and Lender A entered into a Supplemental MOU, pursuant to which Oi Wah PL has agreed to pay Lender A the sum of HK$47,500,000 (equivalent to the Lender A Portion) together with interest accrued thereon and thereby assume the lending obligation of Lender A and increase the amount of its loans granted to the Customers from HK$57,500,000 to HK$105,000,000.

Reference is made to the announcement of Oi Wah Pawnshop Credit Holdings Limited (the "Company") dated 17 May 2017 ("Announcement"). Terms defined in the Announcement shall have the same meanings when used herein, unless the context requires otherwise.

Pursuant to (i) the Loan Agreement dated 17 May 2017 entered into between Oi Wah PL and the Customers; and (ii) the MOU dated 17 May 2017 made between Oi Wah PL and Lender A, each of Oi Wah PL and Lender A has granted the Loan of HK$57,500,000 and HK$47,500,000 (the "Lender A Portion") respectively to the Customers.

On 28 July 2017, Oi Wah PL and Lender A entered into a supplemental memorandum of understanding (the "Supplemental MOU"), pursuant to which Oi Wah PL has agreed to pay Lender A the sum of HK$47,500,000 (equivalent to the Lender A Portion) together with interest accrued thereon and thereby assume the lending obligation of Lender A and increase the amount of its loans granted to the Customers from HK$57,500,000 to HK$105,000,000 (the "Increase of Loan").

After the Increase of Loan, the loan-to-value ratio of the mortgaged properties remains to be approximately 65% (with the loan-to-value ratio of the loans granted by the Group to the Customers as a first mortgage to the Group increased from approximately 36% to 65%) based on the aggregate value of the mortgaged properties for the loans granted by the Group as determined by an independent valuer.

The Increase of Loan is funded by the Company's general working capital.

The board of directors of the Company considers that the terms of the Supplemental MOU are fair, reasonable and beneficial to the Company and are in the interests of the Company and its shareholders as a whole.

Save as disclosed above, all the terms of the Loan Agreement remain in full force and effect.

As the applicable percentage ratios under Rule 14.07 of the Listing Rules in respect of the Loan together with the Increase of Loan granted to the Customers under the Loan Agreement exceed 5% but are less than 25%, the grant of the Loan together with the Increase of Loan still constitutes a discloseable transaction for the Company and is subject to the disclosure requirement under Chapter 14 of the Listing Rules.

By Order of the Board

Chairman, Chief Executive Officer and Executive Director

Hong Kong, 28 July 2017

As at the date of this announcement, the board of directors comprises Mr. Chan Kai Ho Edward (Chief Executive Officer and Chairman), Mr. Chan Chart Man, Ms. Chan Mei Fong and Ms. Chan Ying Yu as executive Directors; Mr. Chan Kai Kow Macksion as non-executive Director; and Mr. Lam On Tai, Dr. Leung Shiu Ki Albert and Dr. Yip Ngai as independent non-executive Directors.