SMI : POSTPONEMENT OF BOARD MEETING

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POSTPONEMENT OF BOARD MEETING

Reference is made to the announcement of SMI Holdings Group Limited (the "Company") dated 5 December 2019, in relation to the convening of a meeting of the board (the "Board") on Wednesday, 18 December 2019 (the "Board Meeting") for the purpose of, inter alia, approving the annual results of the Company and its subsidiaries for the years ended 31 December 2018 and considering the payment of a dividend, if applicable.

The Board hereby announces that as additional time is required by the Company to finalise the above outstanding results, the Board Meeting will be postponed to Friday, 20 December 2019.

CONTINUED SUSPENSION OF TRADING OF SHARES

Dealings in the Company's shares have been suspended with effect from 9:00 a.m. on 3 September 2018. Trading in the shares of the Company will remain suspended until further notice.

By Order of the Board

SMI Holdings Group Limited

Kenneth Jack Shang

Executive Director

Hong Kong, 10 December 2019

As at the date of this announcement, the Board of Directors comprises seven Directors, including Mr. Kenneth Jack Shang and Mr. Zhang Yong as executive Directors, Mr. Jason Chia-Lun Wang and Mr. Peter Torben Jensen as non-executive Directors and Mr. Pang Hong, Mr. Li Fusheng and Mr. Wong Shui Yeung as independent non-executive Directors.