Silver Base : Announcements and Notices - - DELAY IN DESPATCH OF CIRCULAR IN RELATION TO CONTINUING CONNECTED TRANSACTION

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.

(Incorporated in the Cayman Islands with limited liability)

This announcement is made pursuant to Rule 14A.47 of the Listing Rules.

Reference is made to the announcement of the Company dated 14 February 2017 in relation to the 2017 Distribution Agreement which constitute a continuing connected transaction for the Company (the "Announcement"). Unless otherwise stated, capitalised terms used herein shall have the same meanings as ascribed thereto in the Announcement.

As stated in the Announcement, a circular (the "Circular") containing, among other things, (i) further details of the 2017 Distribution Agreement (including the Annual Caps); (ii) the advice from the Independent Board Committee; (iii) the advice to the Independent Board Committee and the Independent Shareholders of the Company from the Independent Financial Adviser; (iv) details of the renewal of the Scheme Mandate under the Share Option Scheme; together with (v) the notice convening the EGM, was expected to be despatched by the Company to the Shareholders on or before 1 March 2017.

The Board announces that as additional time is required to prepare and finalise certain information to be included in the Circular, the date of despatch of the Circular will be postponed to a date on or before 22 March 2017.

By order of the Board

Chairman

Hong Kong, 6 March 2017

As at the date of this announcement, the Board comprises Mr. Liang Guoxing (Chairman), Mr. Wang Jindong and Ms. Cheung Mei Sze as executive Directors; Mr. Wu Jie Si and Mr. Chen Sing Hung Johnny as non-executive Directors; and Mr. Hung Sui Kwan, Mr. Ma Lishan and Mr. Lee Kwok Keung Edward as independent non-executive Directors.