Lai Sun Garment International : DELAY IN DESPATCH OF CIRCULAR IN RELATION TO PROPOSED SHARE CONSOLIDATION AND CHANGE IN BOARD LOT SIZE

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 disclaims any liability whatsoever for any loss howsoever arising from or in reliance upon the whole or any part of the contents of this announcement.

Reference is made to the announcement of Lai Sun Garment (International) Limited ("Company") dated 27 April 2017 ("Announcement") in respect of the proposed Share Consolidation and Change in Board Lot Size. Unless the context requires otherwise, capitalized terms used herein shall have the same meanings as those defined in the Announcement.

As set out in the Announcement, the circular containing, among other things, further details of the Share Consolidation and a notice convening the GM was expected to be despatched to the Shareholders on or before Monday, 22 May 2017. As additional time is required to finalise the contents of the circular, in relation to the use of the general buy back mandate by the Company to acquire Shares and grant of share options to eligible participants of the Company, the expected date of despatch of the circular will be postponed to a date to be announced by the Company as soon as practicable.

Accordingly, the expected timetable of the Share Consolidation and Change in Board Lot Size as set out in the Announcement will be revised. Further announcement for the revised expected timetable of the Share Consolidation and Change in Board Lot Size will be made by the Company as soon as practicable.

By Order of the Board

Chairman

Hong Kong, 22 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 Hau Yin, Lester (also alternate to Madam U Po Chu) and Mr. Lam Kin Hong, Matthew; and three independent non-executive directors, namely Messrs. Chow Bing Chiu, Lam Bing Kwan and Leung Shu Yin, William.