The Directors of Victory City International Holdings Limited have resolved to recommend the payment of a final dividend of 1.0 HK cent per share of HKD 0.01 each of the Company in respect of the year ended 31 March 2018 to the Shareholders whose names appear on the register of members of the Company on 7 September 2018 and also to recommend the offer to the Shareholders the right to elect as an alternative, to receive such final dividend wholly or partly by allotment of new Shares credited as fully paid in lieu of cash, subject to the approval of the Shareholders on the payment of final dividend at the AGM and the granting by The Stock Exchange of Hong Kong Limited of the listing of, and permission to deal in, the Shares to be issued pursuant thereto.