Da Ming International : UNAUDITED OPERATING STATISTICS AND BUSINESS REVIEW FOR THE PERIOD FROM 1 JULY 2019 TO 30 SEPTEMBER 2019

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.

DA MING INTERNATIONAL HOLDINGS LIMITED

大明國際控股有限公司

(Incorporated in the Cayman Islands with limited liability)

(Stock code: 1090)

UNAUDITED OPERATING STATISTICS AND BUSINESS REVIEW FOR THE PERIOD FROM 1 JULY 2019 TO 30 SEPTEMBER 2019

The board of directors of Da Ming International Holdings Limited (the "Company") is pleased to announce certain unaudited operating statistics of the Company and its subsidiaries (the "Group") for the period from 1 July 2019 to 30 September 2019.

Processing services

Stainless	Three months ended	%		Nine months ended	%
steel	30 September	Change	30 September	Change
		2019		2018				2019		2018
Sales
volume	473,210		488,492		-3.1%		1,338,891		1,371,909	-2.4%
(tonnes)
Processing
volume	679,006		706,109		-3.8%		1,949,947		2,043,591	-4.6%
(tonnes)
Processing
multiple	1.43		1.45				1.46		1.49
(note)
Carbon		Three months ended		%		Nine months ended	%
steel		30 September		Change		30 September	Change
		2019		2018				2019		2018
Sales
volume		745,237		543,357		+37.2%		2,017,851		1,457,014	+38.5%
(tonnes)
Processing
volume		800,823		543,075		+47.5%		2,266,202		1,478,749	+53.3%
(tonnes)
Processing
multiple		1.07		1.00				1.12		1.01
(note)
Note: Processing multiple = Processing volume / Sales volume
						1

Manufacturing operations

Three months ended

%

Nine months ended

%

30 September

Change

30 September

Change

2019

2018

2019

2018

RMB

RMB

RMB

RMB

Revenue

313.2

239.0

+31.0%

771.7

544.8

+41.6%

million

million

million

million

Unaudited result

Unaudited

Three months ended

%

Nine months ended

%

result

30 September

Change

30 September

Change

2019

2018

2019

2018

RMB

RMB

RMB

RMB

Turnover

9,503.3

8,968.0

+6.0%

26,259.8

24,314.9

+8.0%

million

million

million

million

Net profit

74.4

76.5

-2.7%

205.0

196.6

+4.3%

million

million

million

million

Business review

The total sales volume and processing volume of the stainless steel processing services of the Group for the period from 1 July 2019 to 30 September 2019 amounted to 473,210 tonnes and 679,006 tonnes respectively representing a decrease of approximately 3.1% and 3.8% respectively as compared with the same period last year.

The total sales volume and processing volume of the carbon steel processing services of the Group for the period from 1 July 2019 to 30 September 2019 amounted to 745,237 tonnes and 800,823 tonnes respectively representing an increase of approximately 37.2% and 47.5% respectively as compared with the same period last year.

Revenue from our manufacturing business amounted to approximately RMB313.2 million for the three months ended 30 September 2019 representing an increase of approximately 31.0% as compared with the same period last year.

The Group recorded an unaudited net profit of approximately RMB205.0 million for the nine months ended 30 September 2019. Comparing with a net profit of approximately RMB196.6 million for the nine months ended 30 September 2018, the net profit increased approximately 4.3% mainly due to the improvement in operating efficiency and relatively stable market price of stainless steel and carbon steel raw material during the period.

2

The above operating information is unaudited and is based on preliminary internal information of the Group, which may differ from the figures to be disclosed in the audited or unaudited consolidated financial statements to be published by the Company on an annual or half-yearly basis due to various uncertainties during the process of collating such information. As such, the above information is provided for investors reference only. Investors are advised to exercise caution and not to place undue reliance on such information when dealing in the securities of the Company. When in doubt, investors are advised to seek professional advice from professional or financial advisers.

By order of the board of

Da Ming International Holdings Limited

Zhou Keming

Chairman

Hong Kong, 22 October 2019

As at the date of this announcement, the executive Directors are Mr. Zhou Keming (Chairman), Mr. Jiang Changhong (Chief Executive Officer), Ms. Xu Xia, Mr. Zou Xiaoping, Dr. Fukui Tsutomu, Mr. Zhang Feng, Mr. Wang Jian and Mr. Lu Ping; the non-executive Director is Mr. Lin Changchun; and the independent non-executive Directors are Mr. Cheuk Wa Pang, Prof. Hua Min, Mr. Lu Daming, Mr. Liu Fuxing and Mr. Hu Xuefa.

3