UPDATE ON DISCLOSEABLE TRANSACTION: ACQUISITION OF LAND USE RIGHTS IN WEIHAI, SHANDONG PROVINCE

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EVA Precision Industrial Holdings Limited

(Incorporated with limited liability in the Cayman Islands)

(Stock Code: 838)

UPDATE ON DISCLOSEABLE TRANSACTION:

ACQUISITION OF LAND USE RIGHTS

IN WEIHAI, SHANDONG PROVINCE

Reference is made to the announcement of EVA Precision Industrial Holdings Limited (the "Company") dated 22 January 2018 whereby it was announced that EVA Weihai, a wholly-owned subsidiary of the Company, became the successful bidder for the land use rights in respect of the Lands. Unless the context otherwise requires, capitalised terms used in the said announcement of the Company have the same meanings when used herein.

The Company announces that EVA Weihai and the Weihai Land Resources Bureau entered into the Agreements on 9 February 2018. According to the Agreements, the balance of the Total Consideration in the amount of RMB113,117,700 will be paid before 10 April 2018.

By order of the Board

EVA Precision Industrial Holdings Limited

Zhang Hwo Jie

Chairman

Hong Kong, 9 February 2018

As at the date of this announcement, the Board comprises three executive directors, being Mr. Zhang Hwo Jie (Chairman), Mr. Zhang Jian Hua (Vice Chairman), Mr. Zhang Yaohua (Chief Executive Officer) and three independent non-executive directors, being Mr. Choy Tak Ho, Mr. Leung Tai Chiu and Mr. Lam Hiu Lo.