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.

(Stock Code: 191) Cancellation of Grant of Share Options

Reference is made to the announcement ("Announcement") of Lai Sun Garment (International) Limited ("Company") dated 22 May 2017 regarding the grant of share options to subscribe for an aggregate of 40,117,816 ordinary shares in the share capital of the Company to certain directors of the Company ("Grant of Share Options") under the Share Option Scheme of the Company adopted on 11 December 2015.

Pursuant to Rule 10.06 (3) of the Rules Governing the Listing of Securities on The Stock Exchange of Hong Kong Limited ("Listing Rules"), the Company may not make a new issue of shares or announce a proposed new issue of shares for a period of 30 days after the purchase by the Company of its shares. As the share options carry rights to subscribe for the Company's shares and fall within the definition of shares under Rule 10.06 (6)(c), and the Grant of Share Options has not been accepted by the respective grantees, the Grant of Share Options has been cancelled accordingly.

The Company will make an announcement of such Grant of Share Options at another time when the Company can comply with Rule 10.06 of the Listing Rules.

By Order of the Board

Lai Sun Garment (International) Limited Chew Fook Aun

Executive Director and Deputy Chairman

Hong Kong, 23 May 2017

As at the date of this announcement, the Board comprises six executive directors, namely Dr. Lam Kin Ming (Chairman), Dr. Lam Kin Ngok, Peter (Deputy Chairman), Mr. Chew Fook Aun (Deputy Chairman), Madam U Po Chu, Mr. Lam Kin Hong, Matthew and Mr. Lam Hau Yin, Lester (also alternate to Madam U Po Chu); and three independent non-executive directors, namely Messrs. Leung Shu Yin, William, Lam Bing Kwan and Chow Bing Chiu.

Lai Sun Garment (International) Limited published this content on 23 May 2017 and is solely responsible for the information contained herein.
Distributed by Public, unedited and unaltered, on 23 May 2017 13:25:24 UTC.

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