Oi Wah Pawnshop Credit : VOLUNTARY ANNOUNCEMENT PROVISION OF FINANCIAL ASSISTANCE

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)

This is a voluntary announcement made by the Company.

The Board is pleased to announce that on 23 May 2017, the Loan Agreement was entered into between Oi Wah PL as lender and Customer B as borrower. Pursuant to the Loan Agreement, Oi Wah PL has agreed to grant the Loan to Customer B for a term of 1 month.

This is a voluntary announcement made by the Company.

The Board is pleased to announce that on 23 May 2017, the Loan Agreement was entered into between Oi Wah PL as lender and Customer B as borrower. Pursuant to the Loan Agreement, Oi Wah PL has agreed to grant the Loan to Customer B for a term of 1 month.

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

Furthermore, as one of the ultimate beneficial owners of Customer B is the same with or an associate of the ultimate beneficial owners of the customers of the Existing Loans, the grant of the Loan requires aggregation with the Existing Loans (which in aggregate constitutes a discloseable transaction for the Company under Chapter 14 of the Listing Rules and were disclosed under the announcements issued by the Company on 12 July 2016, 25 July 2016, 26 July 2016, 18 August 2016, 2 December 2016 and 30 March 2017) under Rule 14.22 of the Listing Rules. Given the applicable percentage ratios in respect of the Loan and the Existing Loans in aggregate under Rule 14.07 of the Listing Rules exceed 5% but are less than 25%, the grant of the Loan and the Existing Loans in aggregate still constitutes a discloseable transaction for the Company under Chapter 14 of the Listing Rules. Accordingly, the

disclosure in this announcement is made on a voluntary basis since the Existing Loans were disclosed earlier and the aggregation of the Loan and the Existing Loans does not alter the classification of transaction of the Existing Loans.

Summarised below are the principal terms of the Loan Agreement.

Date of the Loan : 23 May 2017 Agreement

Lender : Oi Wah PL

Borrower : Customer B

Principal : HK$27,000,000.00

Interest rate : P + 9.75% per annum where P represented the prime rate of 5.25% per annum offered by Wing Lung Bank Limited as of the date of the Loan Agreement

Term : 1 month commencing from the Drawdown Date

Security : A second legal charge/mortgage in respect of the commercial property located in Aberdeen with valuation conducted by an independent property valuer on 16 May 2017 with the amount of approximately HK$73,000,000.00

Repayment : Customer B shall repay the interests with the principal amount at loan maturity

Early redemption : Handing fees plus interest in the sum of HK$337,500.00 in total will be charged if the Loan is fully repaid by Customer B within one month.

Pursuant to the Loan Agreement, the Loan is guaranteed by two individuals who are Independent Third Parties. All mortgaged properties are insured against fire risks with an insurance company approved by Oi Wah PL.

The making of the Loan is collaterised. The collateral provided by Customers B for the Loan is sufficient as the loan-to-value ratio of the mortgaged property is approximately 72% (loan-to-value ratio of first mortgage: approximately 35%, loan-to-value ratio of the Loan as a subordinated mortgage to the Group: approximately 37%) based on the value of the mortgaged property for the Loan as determined by the independent valuer.

The advance in respect of the Loan was also made on the basis of the Company's credit assessments made on the financial strength and repayment ability of Customer B, the collateral provided by Customer B, which is 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 Customer B are relatively low.

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

Customer B is a company incorporated in Hong Kong principally engaged in the business of property investment. Customer B is a repeated customer of the Group with no default record. To the best of the knowledge, information and belief of the Directors having made all reasonable enquiry, Customer B and its ultimate beneficial owner are Independent Third Parties and not connected with the Group.

The Group is a financing service provider in Hong Kong mainly providing secured financing, including pawn loans and mortgage loans under the provisions of the Pawnbrokers Ordinance and the Money Lenders Ordinance. Oi Wah PL, as the lender of the Loan, is an indirect wholly-owned subsidiary of the Company.

Taking into account the principal business activities of the Group, the grant of the Loan to Customer B is in the ordinary and usual course of business of the Group.

The terms of the Loan Agreement were negotiated on an arm's length basis between Oi Wah PL and Customer B. The Directors consider that the granting of the Loan is a financial assistance provided by the Company within the meaning of the Listing Rules. The Directors are of the view that the terms of the Loan Agreement were entered into on normal commercial terms based on the Company's credit policy. Taking into account the satisfactory financial background of Customer B and that a stable revenue and cashflow stream from the interest income is expected, the Directors consider that the terms of the Loan Agreement are fair and reasonable and the entering into of the Loan Agreement is in the interests of the Company and its shareholders as a whole.

In this announcement, the following expressions have the following meanings: "Board" the board of Directors

"Company" Oi Wah Pawnshop Credit Holdings Limited, a company incorporated in the Cayman Islands with limited liability, the shares of which are listed on the Stock Exchange

"Customer B" the borrower, being a company incorporated in Hong Kong and an

Independent Third Party

"Director(s)" the director(s) of the Company

"Drawdown Date" the date on which the Loan is drawndown

"Existing Loans" the loans granted to Customer B and its associates by Oi Wah PL

as set out in the Company's announcements dated 12 July 2016, 25 July 2016, 26 July 2016, 18 August 2016, 2 December 2016 and 30

March 2017

"Group" the Company and its subsidiaries

"HK$" Hong Kong Dollars, the lawful currency of Hong Kong

"Hong Kong" the Hong Kong Special Administrative Region of the People's Republic

of China

"Independent Third Party(ies)" third party(ies) who is/are independent of the Company and its

connected person(s) (as defined in the Listing Rules)

"Listing Rules" the Rules Governing the Listing of Securities on the Stock Exchange "Loan" a mortgage loan in the amount of HK$27,000,000.00 provided by Oi

Wah PL to Customer B

"Loan Agreement" the loan agreement dated 23 May 2017 entered into between Oi Wah

PL and Customer B in respect of the Loan

"Money Lenders Ordinance" the Money Lenders Ordinance (Chapter 163 of the laws of Hong

Kong) as amended, supplemented or otherwise modified from time to time

"Oi Wah PL" Oi Wah Property Credit Limited, a limited liability company incorporated in Hong Kong and an indirect wholly-owned subsidiary of the Company

"Pawnbrokers Ordinance" the Pawnbrokers Ordinance (Chapter 166 of the laws of Hong Kong)

as amended, supplemented or otherwise modified from time to time "Stock Exchange" The Stock Exchange of Hong Kong Limited

By Order of the Board of

Chairman, Chief Executive Officer and Executive Director

Hong Kong, 23 May 2017

As at the date of this announcement, the Board 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.