Fuguiniao : (1) UPDATE ON PROGRESS OF FULFILLMENT OF RESUMPTION CONDITIONS; AND (2) DELAY IN PUBLICATION OF THE INTERIM RESULTS FOR THE SIX MONTHS ENDED 30 JUNE 2017 AND DE ...

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富貴鳥股份有限公司

(a joint stock company established in the People's Republic of China with limited liability)

1. UPDATE ON PROGRESS OF FULFILLMENT OF RESUMPTION CONDITIONS; AND
2. DELAY IN PUBLICATION OF THE INTERIM RESULTS FOR THE SIX MONTHS ENDED 30 JUNE 2017 AND

This announcement is made by Fuguiniao Co., Ltd. (the "Company", together with its subsidiaries, the "Group") pursuant to Rules 13.24A, 13.49(6) and 13.48(1) of the Rules (the "Listing Rules") Governing the Listing of Securities on The Stock Exchange of Hong Kong Limited (the "Stock Exchange").

References are made to the announcements of the Company dated 31 August 2016, 22 September 2016, 11 April 2017, 9 May 2017, 18 May 2017 (the "Resumption Conditions

The Company and its advisers have been taking all appropriate actions to fulfill each of the resumption conditions as imposed by the Stock Exchange.

As part of the resumption conditions referred to in the Resumption Conditions Announcement, the Company should demonstrate that it has put in place adequate financial reporting procedures and internal control systems to meet its obligations under the Listing Rules. To assist the Company in fulfilling this condition, the Company has engaged Pan-China Enterprise Risk Management Consulting Limited as its internal control consultant to conduct a review of the internal control systems and procedures of the Group, and to make recommendations accordingly.

The Company is working closely with its auditor to publish the Group's interim results for each of the six months ended 30 June 2016 and 30 June 2017 and the audited annual results for the year ended 31 December 2016 as soon as possible.

Pursuant to Rules 13.49(6) and 13.48(1) of the Listing Rules, the Company is required to publish a preliminary announcement in respect of its results for the six months ended 30 June 2017 (the "2017 Interim Results") no later than 31 August 2017, and to send the interim report for the same period (the "2017 Interim Report") to its shareholders (the "Shareholders") on or before 30 September 2017.

As a result of the delay in the publication of the Group's interim results for the six months ended 30 June 2016 and the despatch of the interim report for the same period and the publication of the Group's audited annual results for the year ended 31 December 2016 and the despatch of the 2016 annual report, the publication of the 2017 Interim Results and despatch of the 2017 Interim Report will also be delayed.

Regarding the 2017 Interim Results and the 2017 Interim Report, the Company does not currently have a timetable on the publication of the 2017 Interim Results and the despatch of the 2017 Interim Report. The Company will make further announcement(s) as and when appropriate.

At the request of the Company, trading in the Shares on the Stock Exchange has been suspended with effect from 9:00 a.m. on 1 September 2016 and will remain suspended until further notice.

By order of the Board of

Chairman

Hong Kong, 22 August 2017

As at the date of this announcement, the executive Directors are Mr. Lam Wo Ping, Mr. Lam Wing Ho, Mr. Lam Wo Sze and Mr. Hong Huihuang; and the independent non-executive Directors are Mr. Wang Zhiqiang and Mr. Cheung Ming Hung.