Dongyue : Voluntary Announcement-Share Repurchase

香港聯合交易所有限公司對本公佈的內容概不負責，對其準確性或完整性亦不發表任何聲明，並明確表示概不就因本公佈全部或任何部分內容所產生或因依賴該等內容而引起的任何損失承擔任何責任

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.

DONGYUE GROUP LIMITED 東岳集團有限公司

(Incorporated in the Cayman Islands with limited liability)

(Stock code: 189)

VOLUNTARY ANNOUNCEMENT SHARE REPURCHASE

This is a voluntary announcement made by Dongyue Group Limited (the "Company") to provide its shareholders and potential investors with update information in relation to the development of the Company.

The board of directors (the "Board") of the Company wishes to inform the public that on 26 January 2016, the Company repurchased, on The Stock Exchange of Hong Kong Limited, 950,000 ordinary shares of the Company (the "Share Repurchase"). The aggregate

consideration for the Share Repurchase is approximately HK$1,413,800 which is funded from internal resources of the Company. Up to the date of this announcement, the Company has repurchased a total of 6,478,000 of its own shares pursuant to the repurchase mandate granted to the Board at the annual general meeting of the Company held on 1 June 2015 (the "Repurchase Mandate"), representing approximately 0.306% of the issued share capital of the Company.

The Company may or may not repurchase additional shares under the Repurchase Mandate, subject to the market condition and such decision will be at the Board's absolute discretion. The Company may repurchase its shares at any price as determined by the Board, subject to the applicable rules under the Rules Governing the Listing of Securities on the Stock Exchange of Hong Kong Limited. There is no assurance of the timing, quantity or price of any share repurchases or whether the Company will make any further repurchases at all. Shareholders and investors should therefore exercise caution when dealing in the shares of the Company.

By order of the Board Dongyue Group Limited Zhang Jianhong Chairman

The People's Republic of China, 26 January 2016

As at the date of this announcement, the directors of the Company are Mr. Zhang Jianhong, Mr. Fu Kwan, Mr. Liu Chuanqi, Mr. Cui Tongzheng, Mr. Feng Jianjun and Mr. Zhang Jian as executive directors, and Mr. Ting Leung Huel, Stephen , Mr. Yang Xiaoyong and Mr. Yue Run Dong as independent non-executive directors.