First Credit Finance : Discloseable Transaction - Provision of Financial Assistance

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 and continued in Bermuda with limited liability)

The Board is pleased to announce that on 3 July 2017, the Loan Agreement was entered into between the Lender, an indirect wholly-owned subsidiary of the Company, and the Borrower. Pursuant to the Loan Agreement, the Lender has agreed to grant the Loan in the principal amount of HK$55,000,000 to the Borrower for a period of 6 months commencing from the date of the Loan Agreement at an interest rate of 18% per annum.

As all applicable percentage ratios (as defined under the GEM Listing Rules) in respect of the Loan are more than 5% but all percentage ratios are less than 25%, the grant of the Loan under the Loan Agreement constitutes a discloseable transaction of the Company under Chapter 19 of the GEM Listing Rules and is therefore subject to the notification and announcement requirements under the GEM Listing Rules.

The Board is pleased to announce that on 3 July 2017, the Loan Agreement was entered into between the Lender, an indirect wholly-owned subsidiary of the Company, and the Borrower.

Summarised below are the principal terms of the Loan Agreement.

Date : 3 July 2017.

Lender : First Credit Limited, an indirect wholly-owned subsidiary of the Company. Borrower : An individual who, to the best of the knowledge, information and belief of the

Directors having made all reasonable enquiries, is an Independent Third Party.

Principal Amount : HK$55,000,000.

Interest : 18% per annum. Drawdown Date : 3 July 2017.

Term : a period of 6 months commencing from the date of the Loan Agreement.

Maturity Date : The date falling on the same calendar date of the sixth month after the date of the Loan Agreement (if such date is not a business day in Hong Kong, the immediately following business day).

Repayment : The Borrower shall repay and/or settle the full amount of the Loan on the maturity date and the interest accrued thereon shall be paid on a monthly basis.

Prepayment : The Borrower may, by giving prior written notice to the Lender, prepay before the maturity date all or part of the Loan and all accrued interests in respect of the sum prepaid in accordance with the terms of the Loan Agreement.

The Group will finance the Loan with its internal resources and/ or borrowings.

The Group is principally engaged in money lending business. The Group conducts money lending business solely in Hong Kong through the provision of unsecured loans and secured loans to customers, including individuals, corporations and foreign domestic workers. The Lender, being an indirect wholly-owned subsidiary of the Company, is a licensed money lender in Hong Kong under the Money Lenders Ordinance.

Taking into account the principal activities of the Group, the Directors consider that the grant of the Loan to the Borrower is in the ordinary and usual course of business of the Group.

The terms of the Loan Agreement (including the interest rate) are negotiated on an arm's length basis between the Lender and the Borrower, with reference to the commercial practice and the amount of the Loan. The Directors are of the view that the terms of the Loan Agreement are normal commercial terms entered into based on the Company's credit policy. Taking into account the satisfactory financial background of the Borrower and the stable revenue and cashflow stream expected from the interest income, the Directors consider that the terms of the Loan Agreement are fair and reasonable and in the interests of the Company and its shareholders as a whole.

As all applicable percentage ratios (as defined under the GEM Listing Rules) in respect of the Loan are more than 5% but all percentage ratios are less than 25%, the grant of the Loan under the Loan Agreement constitutes a discloseable transaction of the Company under Chapter 19 of the GEM Listing Rules and is therefore subject to the notification and announcement requirements under the GEM Listing Rules.

In this announcement, the following expressions have the following meanings: "Board" the board of Directors

"Borrower" an individual

"Company" First Credit Finance Group Limited, a company incorporated in the Cayman Islands and continued in Bermuda with limited liability, the shares of which are listed on GEM

"Director(s)" the director(s) of the Company

"GEM" the Growth Enterprise Market of the Stock Exchange

"GEM Listing Rules" the Rules Governing the Listing of Securities on GEM, as amended from

time to time

"Group" the Company and its subsidiaries

"HK$" Hong Kong Dollars, the lawful currency of Hong Kong

"Hong Kong" the Hong Kong Special Administrative Region of the People's Republic

of China

"Independent Third Party(ies)" third party(ies) independent of the Company and its connected person(s) "Lender" First Credit Limited, a company incorporated in Hong Kong with limited

liability and an indirect wholly-owned subsidiary of the Company, being the lender under the Loan Agreement

"Loan" the loan in the principal amount of HK$55,000,000 granted to the Borrower under the Loan Agreement

"Loan Agreement" the loan agreement dated 3 July 2017 entered into between the Lender and the Borrower in respect of the Loan

"Money Lenders Ordinance" the Money Lenders Ordinance (Chapter 163 of the laws of Hong Kong)

as amended, supplemented or otherwise modified from time to time

"Stock Exchange" The Stock Exchange of Hong Kong Limited

For and on behalf of the Board

Chief Executive Officer and Executive Director

Hong Kong, 3 July 2017

As at the date of this announcement, the Board comprises Mr. Sin Kwok Lam (Chairman), Mr. Tsang Yan Kwong (Chief Executive Officer), Mr. Leung Wai Hung and Ms. Ho Siu Man as executive Directors; and Dr. Fung Kam Man, Mr. Wang Zhiwei, Dr. Chan Kin Keung, Eugene, BBS, JP and Mr. Ng Ting Chi as independent non-executive Directors.

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 www.hkgem.com on the ''Latest Company Announcements'' page for at least 7 days from the date of its posting. This announcement will also be published and remains on the Company's website at www.firstcredit.com.hk.