Soundwill : Announcements and Notices - Delay in Despatch of Circular

SOUNDWILL HOLDINGS LIMITED

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.

SOUNDWILL HOLDINGS LIMITED

金 朝 陽 集 團 有 限 公 司*

(Incorporated in Bermuda with limited liability)

(Stock Code: 878) DELAY IN DESPATCH OF CIRCULAR

Reference is made to the announcement (the "Announcement") of Soundwill Holdings Limited (the "Company") dated 15 June 2016, in relation to the proposed Disposal of Indigo Dragon Limited. Capitalised terms used herein shall have the same meanings as defined in the Announcement unless the context requires otherwise.

As disclosed in the Announcement, a circular (the "Circular") containing, among other things, further details of the Sale and Purchase Agreement and the Disposal were expected to be despatched to the Shareholders for information purposes only on or before 7 July 2016. As additional time is required to obtain certain confirmations in order for the Company's auditor to complete their work and issue the comfort letter as to the sufficiency of working capital, the Company has applied for, and the Stock Exchange has granted, a waiver from strict compliance with the requirement of Rule 14.41(a) of the Listing Rules, for the expected despatch date of the Circular to be postponed to a date falling on or before 8 August 2016.

As the Completion is subject to fulfillment (or if applicable, waiver) of the Conditions and therefore the Disposal may or may not proceed. Shareholders and potential investors of the Company are advised to exercise caution when dealing in the shares of the Company.

Hong Kong, 7 July 2016

By Order of the Board Soundwill Holdings Limited Foo Kam Chu Grace Chairman

As at the date of this announcement, the Board comprises Executive Directors: Foo Kam Chu Grace, Chan Wai Ling and Kong Siu Man Kenny; and Independent Non-Executive Directors: Chan Kai Nang, Pao Ping Wing and Ng Chi Keung.

*For identification only