Sandmartin International : INSIDE INFORMATION UPDATE ON THE TDR REPURCHASE

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 Bermuda with limited liability)

(Stock Code: 482)

INSIDE INFORMATION

UPDATE ON THE TDR REPURCHASE

This announcement is made by Sandmartin International Holdings Limited (the "Company" and together with its subsidiaries, collectively the "Group") pursuant to Rule 13.09 of the Rules Governing the Listing of Securities on The Stock Exchange of Hong Kong Limited and Part XIVA of the Securities and Futures Ordinance (Chapter 571 of the Laws of Hong Kong).

Reference is made to the announcements of the Company dated 9 April 2020, 15 April 2020, 29 April 2020 and 5 May 2020 (the "Announcements") in relation to the delisting of TDRs of the Company as requested by the Taiwan Stock Exchange. Unless otherwise specified herein, capitalised terms used in this announcement shall have the same meanings as those defined in the Announcements.

Update on the TDR Repurchase

The Board wishes to inform the Shareholders, TDR Holders and potential investors that the last date for TDR Holders to submit their requests for repurchase of their TDRs was on 3 August 2020. As at the date of this announcement, there are 97,748,625 units of TDR that were required to be repurchased by the Company, which constitute approximately 2.98% of the number of issued shares of the Company. Any TDRs so repurchased by the Company will be surrendered to the Depositary Agent, which shall then cancel the surrendered TDRs and arrange for the Shares represented by such surrendered TDRs to be transferred to the Company for cancellation.

Further announcement(s) in relation to the TDR Repurchase will be made by the Company as and when appropriate. Shareholders, TDR Holders and potential investors should be aware of any information published and to be published by the Company from time to time when dealing in the securities of the Company.

Shareholders, TDR Holders and potential investors of the Company should accordingly exercise caution when dealing in the securities of the Company.

By order of the Board

Sandmartin International Holdings Limited

Lau Yau Cheung

Chairman

Hong Kong, 4 August 2020

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As at the date of this announcement, the Directors of the Company are:

Executive Directors

Mr. Hung Tsung Chin and Mr. Chen Wei Chun

Non-Executive Director

Mr. Kuo Jen Hao

Independent Non-Executive Directors

Mr. Lau Yau Cheung (Chairman), Mr. Li Chak Hung and Mr. Wu Chia Ming

* For identification purpose only

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