Midas : Final Judgement - Hong Kong High Court

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(Singapore Registration No.: 200009758W) (Incorporated in Singapore with limited liability)

(Hong Kong Stock Code: 1021) (Singapore Stock Code: 5EN)

OVERSEAS REGULATORY ANNOUNCEMENT

INSIDE INFORMATION

This announcement is issued pursuant to Part XIVA of the Securities and Futures Ordinance and Rules 13.09 and 13.10B of the Rules Governing the Listing of Securities on The Stock Exchange of Hong Kong Limited.

Please refer to the attached announcement on the next page which has been published by Midas

Holdings Limited (the "Company") on the website of the Singapore Exchange Securities Trading

Limited on 17 August 2018.

On behalf of the Midas Holdings Limited

Tong Din Eu Executive Director

Hong Kong, 17 August 2018

As at the date of this announcement, the executive directors of the Company are Mr. Tong Din Eu and Dr. Xu Wei Dong; and the independent non-executive director of the Company is Mr. Chan Soo Sen.

MIDAS HOLDINGS LIMITED

(Company Registration No.: 200009758W)

_________________________________________________________________________________

FINAL JUDGEMENT - HONG KONG HIGH COURT _________________________________________________________________________________

Reference is made to the announcements of Midas Holdings Limited (the "Company", and together with its subsidiaries, the "Group") dated 24 April 2018 and 2 May 2018 (the "Announcements"). Unless the context otherwise requires, capitalised terms used in this announcement shall have the same meaning as those defined in the Announcements.

The board of directors (the "Board") wishes to announce that the Company received a letter from CRRC's lawyers dated 14 August 2018 together with a copy of the Final Judgement filed on 9 August 2018 by the High Court of the Hong Kong Special Administrative Region.

By the Final Judgement, it is adjudged that the Company to pay a judgement sum of approximately US$7.3 million to CRRC.

The Board will issue further announcements as appropriate, as and when there are any material developments in the matter.

BY ORDER OF THE BOARD

Midas Holdings Limited

Tong Din Eu Executive Director Date: 17 August 2018