Jia Meng : COMPLETION OF THE MAJOR TRANSACTION - CONCERNING THE ACQUISITION OF THE ENTIRE ISSUED SHARE CAPITAL OF PIONEER ONE INVESTMENTS LIMITED AND THE RELATED SHAREHOLDERS LOAN INVOLOVING THE ISSUE OF CONVERTIBLE BONDS UNDER A SPECIFIC MANDATE

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 appears for information purposes only and does not constitute an invitation or offer to acquire, purchase or subscribe for securities of the Company.

JIA MENG HOLDINGS LIMITED

家 夢 控 股 有 限 公 司

(Incorporated in the Cayman Islands with limited liability)

(Stock Code: 8101)

COMPLETION OF THE MAJOR TRANSACTION

CONCERNING THE ACQUISITION OF THE ENTIRE ISSUED SHARE CAPITAL OF PIONEER ONE INVESTMENTS LIMITED

AND THE RELATED SHAREHOLDERS LOAN

INVOLVING THE ISSUE OF CONVERTIBLE BONDS UNDER A SPECIFIC MANDATE

Reference is made to (i) the announcements of Jia Meng Holdings Limited (the''Company'') dated 29 March 2017 and 30 June 2017, and (ii) the circular of the Company dated 23 June 2017 (the''Circular'') in relation to the major transaction concerning, among other things, the acquisition of the entire issued share capital of Pioneer One Investments Limited and the related Shareholder's Loan. Capitalised terms used in this announcement shall have the same meanings as those defined in the Circular unless otherwise specified.

The Board is pleased to announce that all the Conditions Precedents under the Agreement have been fulfilled and the Completion took place on 1 August 2017.

Following the Completion, the Target Company becomes an indirect wholly-owned subsidiary of the Company, and the financial results of the Target Company are consolidated with the results of the Group.

By order of the Board of

Jia Meng Holdings Limited Wong Siu Ki

Executive Director

Hong Kong, 1 August 2017

As at the date of this announcement, the executive Directors are Mr. Hung Cho Sing, Mr. Yim Yin Nang, Mr. Wong Siu Ki, Mr. Matthew Chung, Mr. Wong Pak Kan Martin and Mr. Qin Yuquan; and the independent non-executive Directors are Mr. Tang Kin Chor, Mr. Chan Chun Wing and Mr. Li Siu Yui.

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 remain on the GEM website at http://www.hkgem.com on the ''Latest Company Announcements''page for at least seven days from the date of its posting and the Company's website at http://www.jmbedding.com.