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.

TA YANG GROUP HOLDINGS LIMITED 大 洋 集 團 控 股 有 限 公 司

(Incorporated in the Cayman Islands with limited liability)

(Stock Code: 1991)

VOLUNTARY ANNOUNCEMENT

LAPSE OF MEMORANDUM OF UNDERSTANDING

IN RELATION TO

POSSIBLE SUBSCRIPTION OF NEW SHARES IN THE COMPANY

This is a voluntary announcement made by Ta Yang Group Holdings Limited (the ''Company'', together with its subsidiaries, the ''Group'').

Reference is made to the announcement of the Company dated 15 August 2017 (the ''Announcement'') in relation to the MOU dated 15 August 2017 in respect of the Possible Subscription. Unless the context otherwise requires, capitalised terms used herein shall have the same meanings as those defined in the Announcement.

As disclosed in the Announcement, the Exclusivity Period shall expire after six months from the business day following the date of the MOU, i.e. invalid from 16 February 2018. The Company wishes to update its shareholders that as at the date of this announcement, no definitive agreement has been entered into between the parties in respect of the Possible Subscription. Accordingly, the MOU has lapsed automatically and ceased to have effect on 16 February 2018.

The Board considers that the lapse of the MOU does not have any material adverse impact on the business operation and financial position of the Group.

By Order of the Board

Ta Yang Group Holdings Limited

Shi Qi

Chairlady and Chief Executive Officer

Hong Kong, 20 February 2018

As at the date of this announcement, the Board comprises two executive Directors, namely Ms. Shi Qi and Mr. Qiu Yonghao; three non-executive Directors, namely Mr. Gao Feng, Mr. Han Lei and Mr. Sze Wai Lun; and three independent non-executive Directors, namely Ms.

Zhang Lijuan, Mr. Pak Wai Keung, Martin and Mr. Wu Tak Kong.

TA Yang Group Holdings Limited published this content on 20 February 2018 and is solely responsible for the information contained herein.
Distributed by Public, unedited and unaltered, on 20 February 2018 05:20:09 UTC.

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