Truly International : FURTHER DELAY IN DESPATCH OF CIRCULAR IN RELATION TO A MAJOR TRANSACTION FOR THE FORMATION OF THE AMOLED JV COMPANY

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TRULY INTERNATIONAL HOLDINGS LIMITED

信 利 國 際 有 限 公 司

(Incorporated in the Cayman Islands with limited liability)

(Stock Code: 00732)

FURTHER DELAY IN DESPATCH OF CIRCULAR

IN RELATION TO A MAJOR TRANSACTION

FOR THE FORMATION OF THE AMOLED JV COMPANY

Reference is made to (i) the announcement of Truly International Holdings Limited (the "Company") dated 14 July 2017 in relation to the major transaction regarding formation of the AMOLED joint venture company (the "Announcement"); and (ii) the announcements of the Company dated 28 July 2017, 31 August 2017, 29 September 2017, 30 November 2017, 31 January 2018, 29 March 2018, 31 May 2018, 31 July 2018, 28 September 2018, 30 November 2018, 20 March 2019, 31 May 2019 and 30 August 2019 in relation to the delay in despatch of the Circular (the "Delay Announcements"). Capitalised terms used herein shall have the same meanings as those defined in the Announcement and the Delay Announcements unless otherwise specified.

As set out in the Delay Announcements, it was expected that the Company would despatch a circular (the "Circular") containing, among other matters, further details of the AMOLED JV Agreement and the transactions thereunder; and the notice convening the EGM to the Shareholders on or before 29 November 2019.

As additional time is required for preparing and finalising certain information to be included in the Circular, it is expected that the despatch of the Circular will be delayed to a date on or before 28 February 2020.

By Order of the Board

Truly International Holdings Limited

Ma Wai Tong

Executive Director and Company Secretary

Hong Kong, 29 November 2019

As at the date of this announcement, the Board comprises Mr. Lam Wai Wah, Mr. Wong Pong Chun, James, Mr. Ma Wai Tong, Mr. Song Bei Bei, Mr. Dai Cheng Yun and Mr. Cheung Wing Cheung as executive directors and Mr. Chung Kam Kwong, Mr. Ip Cho Ting, Spencer and Mr. Heung Kai Sing as independent non-executive directors.

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