First Credit Finance : Unusual Price and Trading Volume Movements and Inside Information

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.

(Incorporated in the Cayman Islands and continued in Bermuda with limited liability)

This announcement is made by First Credit Finance Group Limited ("Company") at the request of The Stock Exchange of Hong Kong Limited ("Stock Exchange") and pursuant to the Inside Information Provisions under Part XIVA of the Securities and Futures Ordinance (Cap. 571, Laws of Hong Kong) ("SFO") and Rules 17.10 and 17.11 of the Rules Governing the Listing of Securities on the Growth Enterprise Market ("GEM") of the Stock Exchange ("GEM Listing Rules").

The board ("Board") of directors ("Directors") of the Company has noted the decrease in the price and the increase in trading volume of the shares of the Company recently.

The Company was informed by Mr. Sin Kwok Lam ("Mr. Sin"), an executive director and the Chairman of the Company, that an aggregate of 60,700,000 ordinary shares of HK$0.02 each of the Company (which were placed in securities trading accounts with margin facilities) held by Best Year Enterprises Limited ("Best Year"), representing approximately 1.67% of the total issued share capital of the Company, were sold on the market as a result of forced sale by the stock brokers of Best Year during the period from 13 September to 18 September 2017 due to the sharp decrease of the price of the Company's shares. Best Year is a company wholly-owned by Mr. Sin and is a substantial shareholder of the Company. According to Mr. Sin, such forced sale has first taken place without prior notice to Mr. Sin or Best Year out of some misunderstanding between Mr. Sin and the stock brokers. Immediately after completion of the above share disposals and as at the date of this announcement, the percentage interest of Best Year in the Company has been reduced to approximately 13.76% of the total issued share capital of the Company.

The Company was further informed by Mr. Sin that Best Year has through its lawyer notified the stock brokers in writing that it will repay the outstanding margin facilities by installments and requested the stock brokers to withhold from taking any action in disposing any of the shares of the Company in the securities trading accounts.

Having made such enquiry with respect to the Company as may be reasonable in the circumstances, the Board confirms that, save as disclosed above, it is not aware of any reasons for such price and volume movements or of any information which must be announced to avoid a false market in the Company's securities or of any inside information that needs to be disclosed under Part XIVA of the SFO.

This announcement is made by the order of the Company. The Board collectively and individually accepts responsibility for the accuracy of this announcement.

For and on behalf of the Board

Chief Executive Officer and Executive Director

Hong Kong, 18 September 2017

As at the date of this announcement, the Board comprises Mr. Sin Kwok Lam (Chairman), Mr. Tsang Yan Kwong (Chief Executive Officer), Mr. Leung Wai Hung, Ms. Ho Siu Man, Ms. Xie Si and Ms. Cao Huifang as executive Directors; and Dr. Fung Kam Man, Mr. Wang Zhiwei, Mr. Ng Ting Chi, Mr. Chan Tung Tak Alain and Mr. Li Long as independent non-executive Directors.

This announcement, for which the Directors collectively and individually accept full responsibility, includes particulars given in compliance with the GEM Listing Rules for the purpose of giving information with regard to the Company. The Directors, having made all reasonable enquiries, confirm that to the best of their knowledge and belief the information contained in this announcement is accurate and complete in all material respects and not misleading or deceptive, and there are no other matters the omission of which would make any statement herein or this announcement misleading.

This announcement will remain on the GEM website at www.hkgem.com on the "Latest Company Announcements" page for at least 7 days from the date of its posting. This announcement will also be published and remains on the Company's website at www.firstcredit.com.hk.