CL : POSITIVE PROFIT ALERT

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.

This announcement is made by CL Group (Holdings) Limited (the "Company", together with its subsidiaries, the "Group") pursuant to Rule 17.10 of the Rules Governing the Listing of Securities on the Growth Enterprise Market of The Stock Exchange of Hong Kong Limited (the "GEM Listing Rules").

The board of directors (the "Board") of the Company wishes to inform shareholders of the Company and potential investors that based on the preliminary assessment of the consolidated management accounts of the Group, and information currently available, the Group expects the consolidated net profit for the year ended 31 March 2017 to be higher than the comparative profit figure for the year ended 31 March 2016, it was primarily attributable to the recognition of approximately HK$9.6 million of unrealized net fair value gain on financial asset at fair value through profit or loss and the recovery of impaired loan receivable amounting approximately HK$4.1 million.

The information contained in this announcement is only based on the preliminary assessment of the consolidated management accounts of the Group. The Group is still in the process of finalizing the annual results for the year ended 31 March 2017 which is expected to be published in 27 June 2017. Shareholders of the Company and potential investors are advised to read the annual results announcement of the Company when it is published.

By Order of the Board

Hong Kong, 23 June 2017

The Directors of the Company as at the date of this announcement are:-

Non-executive Director:

Executive Directors:

Independent non-executive Directors: Mr. Au-Yeung Tai Hong Rorce

This announcement, for which the Directors collectively and individually accept full responsibility, includes particulars given in compliance with the GEM Listing Rules for the purpose of giving information with regard to the Company. The Directors, having made all reasonable enquiries, confirm that to the best of their knowledge and belief the information contained in this announcement is accurate and complete in all material respects and not misleading or deceptive, and there are no other matters the omission of which would make any statement herein or this announcement misleading.

This announcement will appear on the GEM website (www.hkgem.com) on the "Latest Company Announcements" page for at least 7 days from the date of its posting and on the website of the Company at www.cheongleesec.com.hk.