Min Xin : PROFIT WARNING

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.

閩 信 集 團 有 限 公 司

(Incorporated in Hong Kong with limited liability)

(Stock Code: 222)

This announcement is made by the Company pursuant to Rule 13.09 of the Listing Rules and the Inside Information Provisions under Part XIVA of the SFO.

The Board wishes to inform the Shareholders and potential investors that based on the information currently available to the Board and the preliminary assessment of the unaudited consolidated management accounts of the Group, it is expected that the profit attributable to the Shareholders for the year ended 31 December 2016 may record a decrease by approximately 45% to 50% as compared to that of the corresponding period in 2015.

This announcement is made by Min Xin Holdings Limited (the ''Company'') and its subsidiaries (the ''Group'') pursuant to Rule 13.09 of the Rules Governing the Listing of Securities on The Stock Exchange of Hong Kong Limited (the ''Listing Rules'') and the Inside Information Provisions (as defined under the Listing Rules) under Part XIVA of the Securities and Futures Ordinance (the ''SFO'') (Chapter 571, Laws of Hong Kong).

The board of directors (the ''Directors'') of the Company (the ''Board'') wishes to inform the shareholders of the Company (the ''Shareholders'') and potential investors that based on the information currently available to the Board and the preliminary assessment of the unaudited consolidated management accounts of the Group for the year ended 31 December 2016, it is expected that the profit attributable to the Shareholders for the year ended 31 December 2016 may record a decrease by approximately 45% to 50% as compared to that of the corresponding period in 2015.

Such decrease is primarily due to (i) the recognition of the one-off loss on dilution of the Company's shareholding in Xiamen International Bank ("XIB") from approximately 10.6289% to approximately 9.7635% in December 2016 of approximately HK$40 million mainly due to the depreciation of Renminbi against Hong Kong Dollars, as compared to the one-off gain on dilution of the Company's shareholding in XIB of approximately HK$73 million in 2015; and (ii) the decrease in share of results of XIB for the year ended 31 December 2016 as compared to that of 2015 as the Company's shareholding in XIB had been diluted from approximately 14.8005% to approximately 10.6289% in June 2015.

The information contained in this announcement is only based on the information currently available to the Board and the preliminary assessment of the unaudited consolidated management accounts of the Group, which have not been audited or reviewed by the Company's auditor or approved by the audit committee of the Company. As at the date of this announcement, the Company is still in the process of finalising the Group's annual results for the year ended 31 December 2016. The annual results of the Group for the year ended 31 December 2016 are expected to be released in March 2017. Shareholders and potential investors are advised to read the annual results announcement of the Company for the year ended 31 December 2016 when it is published.

By Order of the Board

Executive Director and General Manager

Hong Kong, 14 February 2017

As at the date of this announcement, the executive Directors of the Company are Messrs PENG Jin Guang (Chairman), WANG Fei (Vice Chairman) and LIU Cheng; the non-executive Directors are Messrs LIU Lun and HON Hau Chit; the independent non-executive Directors are Messrs IP Kai Ming, SZE Robert Tsai To and SO Hop Shing.