China Green : Announcements and Notices - Profit Warning

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中國綠色食品（ 控股） 有限公司

(Incorporated in Bermuda with limited liability)

(Stock code: 904)

This announcement is made by China Green (Holdings) Limited (the "Company", together with its subsidiaries, the "Group") pursuant to Rule 13.09 of the Rules Governing the Listing of Securities on The Stock Exchange of Hong Kong Limited ("Listing Rules") and the Inside Information Provisions (as defined in the Listing Rules) under Part XIVA of the Securities and Futures Ordinance (Cap. 571, Laws of Hong Kong).

The board (the "Board") of directors (the "Directors") of the Company wishes to inform the shareholders of the Company and potential investors that, based on information currently available, the loss attributable to owners of the Company for the six months ended 31 October 2016 (the "Current Period") is expected to increase substantially as compared to the loss attributable to owners of the Company of approximately RMB33,955,000 in the corresponding period in 2015 (the "Previous Period"). The Board considers that the expected widening in the net loss was mainly attributable to (i) expected gross loss for the Current Period, which is mainly due to the decrease in revenue from the fresh produce and processed products business and an increase in operating costs; and (ii) the profit from the Group's discontinued operations attributable to owners of the Company of approximately RMB91,696,000 as recorded in the Previous Period, which did not occur in the Current Period.

The Company is still in process of finalizing its unaudited interim results for the six months ended 31 October 2016. The information contained in this announcement is only a preliminary assessment by the Board based on the information currently available and the unaudited management accounts of the Group for the six months ended 31 October 2016, which have not yet been finalized and are subject to adjustments as appropriate. Details of the Company's financial information and performance will be disclosed in the Company's interim results announcement for the six months ended 31 October 2016, which is expected to be published on 16 December 2016. Shareholders of the Company and potential investors are advised to read the interim results announcement carefully when it is published.

By Order of the Board

China Green (Holdings) Limited Sun Shao Feng

Chairman

Hong Kong, 9 December 2016

As at the date of this announcement, the Board comprises two executive Directors, namely Mr. Sun Shao Feng (Chairman and Chief Executive Officer) and Mr. Chen Changgai; and four independent non-executive Directors, namely Mr. Wei Xiongwen, Mr. Hu Ji Rong, Mr. Zeng Shaoxiao and Ms. Yu Xiao Min.