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.

JIANGNAN GROUP LIMITED 江南集團有限公司

(incorporated in the Cayman Islands with limited liability)

(Stock code: 1366)

CLARIFICATION ANNOUNCEMENT

This is an announcement of Jiangnan Group Limited ("Company" along with its subsidiaries, collectively referred to as the "Group") in response to an article reported in the China Times and republished in other websites about "Jiangnan Group". The above-mentioned article about Jiangnan Group has nothing to do with the Company and the Group.

In June 2, 2017, China Times published a report entitled "The dark side of property developer: Intention of breach of sales contract after house prices rose" (開發 商 賣 房 黑 鏡 頭 : 房 價 大 漲 後 意 圖 毀 約 ) (the "Article"). The Article was republished by sina.com.cn label as "Jiangnan Group intended to breach of contract after house prices rose, owners were forced to retreat subscription" (江南 集團 在 房價 大漲 後 意圖 毀 約 業主 認購 遭 強制 清退 ) . The "Jiangnan Group" in the Article refers to 北京 江南 投 資 集 團 有 限 公 司 ( translate as "Beijing Jiangnan Investment Group Company Limited"), a company engaged in real estate development, and has no relationship (neither equity nor business) with the Company and the Group. The Company is a holding company listed in Hong Kong. The Group focuses only on research and development, manufacturing and sales of wires and cables and related businesses, and has never participated in the business of real estate investment or development. Investors or shareholders are advised not to be misled by articles or allegations against "Jiangnan Group" for non-cable related businesses as referring to the Company or the Group.

Please note that the Company and the Group's official website: www.jiangnangroup.com

Beijing Jiangnan Investment Group Company Limited's official website: www.jiangnangroup.cn

The link to the Article: http: //www.chinatimes.cc/article/67882.html

The link to Sina's reproduced Article:

http://finance.sina.com.cn/roll/2017-06-03/doc-ifyfuzmy1436168.shtml? Cre = sinapc & mod = g

On behalf of the Board Jiangnan Group Limited Chu Hui

Chairman

4 June, 2017

As at the date of this announcement, the Board comprises four executive directors, namely Mr. Chu Hui, Ms. Xia Yafang, Mr. Jiang Yongwei and Mr. Hao Minghui; and three independent non-executive directors, namely Mr. He Zhisong, Mr. Yang Rongkai and Mr. Poon Yick Pang Philip.

Jiangnan Group Ltd. published this content on 04 June 2017 and is solely responsible for the information contained herein.
Distributed by Public, unedited and unaltered, on 04 June 2017 10:24:19 UTC.

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