Sansheng : 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.

Sansheng Holdings (Group) Co. Ltd.

三 盛 控 股（ 集 團 ）有 限 公 司

(Incorporated in the Cayman Islands with limited liability)

(Stock Code: 2183)

POSITIVE PROFIT ALERT

This announcement is made by Sansheng Holdings (Group) Co. Ltd. (the "Company" and, together with its subsidiaries, the "Group") pursuant to Rule 13.09 of the Rules Governing the Listing of Securities on The Stock Exchange of Hong Kong Limited (the Listing Rules") and the Inside Information Provisions (as defined in the Listing Rules) of Part XIVA of the Securities and Futures Ordinance (Chapter 571, Laws of Hong Kong).

The board of directors (the "Board") of the Company wishes to inform the shareholders of the Company (the "Shareholders") and potential investors that, based on the preliminary assessment of the unaudited management accounts of the Group, the Group is expected to record a profit attributable to equity shareholders of the Company for the six months ended 30 June 2020 (the "Period") as compared to the loss attributable to equity shareholders of the Company (as restated) recorded in the previous period, primarily due to the contribution made by the Target Group (as defined below) as a result of completion of the Acquisition (as defined below).

On 27 September 2019, the Company announced the acquisition (the "Acquisition") of the entire issued share capital in Time Fortune Investments Limited (together with its subsidiaries, the "Target Group"). The Target Group is engaged in construction and development of certain residential and commercial projects in Fujian Province of the People's Republic of China. The Acquisition was completed on 18 December 2019. As a result of completion of the Acquisition, the results of the Target Group were consolidated with that of the Group, and the Group is expected to record a profit attributable to equity shareholders of the Company for the Period of not less than RMB150,000,000 as compared to the loss attributable to equity shareholders of the Company amounted to approximately RMB54,000,000 (as restated) and RMB41,000,000 (before restated), respectively, for the six months ended 30 June 2019.

1

The information contained in this announcement is only based on the preliminary assessment by the Board with reference to the information currently available to the Company. Such information has not been reviewed by the auditors of the Company and that the actual results for the Group may be different from what is disclosed herein. Shareholders and investors should read carefully the interim results announcement of the Company for the Period which is expected to be published in late August 2020.

Shareholders and potential investors are reminded to exercise caution when dealing in the securities of the Company.

By order of the Board

Sansheng Holdings (Group) Co. Ltd.

Lin Rongbin

Chairman

Hong Kong, 11 August 2020

As at the date of this announcement, the Board comprises two executive directors, namely Mr. Lin Rongbin and Ms. Cheng Xuan; two non-executive directors, namely Mr. Xiao Zhong and Mr. Xu Jianwen; and three independent non-executive directors, namely Mr. Pan Dexiang, Mr. Yuan Chun and Mr. Zhong Bin.

2