SMI : FURTHER POSTPONEMENT OF BOARD MEETING

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FURTHER POSTPONEMENT OF BOARD MEETING

Reference is made to the announcement of SMI Holdings Group Limited (the "Company") dated 10 December 2019, in relation to postponement of meeting ("Board Meeting") of the board (the "Board") of the Company for the purpose of, inter alia, approving the annual results of the Company and its subsidiaries for the years ended 31 December 2018 ("Results") and considering the payment of a dividend, if applicable.

As at the date of this announcement, the Company's management is still awaiting certain information, inter alia, including audit confirmations, to ascertain the Results for completion of audit work. Hence, the Board wishes to announce that the Board Meeting for the purpose of considering and approving the Results will be further postponed. The Company will publish a further announcement in due course to inform the shareholders of the Company and the potential investors on the date of the rescheduled Board Meeting and the release of the Results.

CONTINUED SUSPENSION OF TRADING OF SHARES

Dealings in the Company's shares have been suspended with effect from 9:00 a.m. on 3 September 2018. Trading in the shares of the Company will remain suspended until further notice.

By Order of the Board

SMI Holdings Group Limited

Kenneth Jack Shang

Executive Director

Hong Kong, 17 December 2019

As at the date of this announcement, the Board of Directors comprises seven Directors, including Mr. Kenneth Jack Shang and Mr. Zhang Yong as executive Directors, Mr. Jason Chia-Lun Wang and Mr. Peter Torben Jensen as non-executive Directors and Mr. Pang Hong, Mr. Li Fusheng and Mr. Wong Shui Yeung as independent non-executive Directors.