Birmingham Sports : SUPPLEMENTAL ANNOUNCEMENT - FURTHER INFORMATION IN RELATION TO THE ANNUAL REPORT FOR THE YEAR ENDED 30 JUNE 2018 (in PDF)

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BIRMINGHAM SPORTS HOLDINGS LIMITED

伯 明 翰 體 育 控 股 有 限 公 司

(Incorporated in the Cayman Islands with limited liability)

(Stock Code: 2309)

SUPPLEMENTAL ANNOUNCEMENT -

FURTHER INFORMATION IN RELATION TO

THE ANNUAL REPORT FOR THE YEAR ENDED 30 JUNE 2018

Reference is made to the annual report of Birmingham Sports Holdings Limited (the "Company", together with its subsidiaries, the "Group") for the year ended 30 June 2018 (the "2018 Annual Report"). This announcement is made by Company to provide further information to supplement the 2018 Annual Report.

On 11 October 2016, the Company completed (i) an open offer (the "Open Offer") of 242,027,168 new shares raising gross proceeds of approximately HK$19.4 million; and

1. the issue and allotment of 3,125,000,000 new shares to Trillion Trophy Asia Limited, the controlling shareholder of the Company as at the date of this announcement, pursuant to a share subscription agreement dated 6 June 2016 (the "Share Subscription") and raising gross proceeds of HK$250.0 million.

The aggregate gross proceeds from the Open Offer and the Share Subscription amounted to approximately HK$269.4 million (the "Gross Proceeds"), of which approximately HK$166.0 was utilised during the year ended 30 June 2017 as disclosed in the annual report of the Company for the same year. During the year ended 30 June 2018, the remaining balance of the Gross Proceeds of approximately HK$103.4 million was used to satisfy the working capital requirement, including the acquisition of new players, of Birmingham City Football Club PLC, a principal subsidiary of the Group.

By Order of the Board

Birmingham Sports Holdings Limited

Zhao Wenqing

Chairman

Hong Kong, 5 July 2019

As at the date of this announcement, the board of directors of the Company comprises nine Directors, namely Mr. Zhao Wenqing (Chairman), Mr. Huang Dongfeng (Chief Executive Officer), Mr. Yiu Chun Kong, Mr. Hsiao Charng Geng and Dr. Guo Honglin as Executive Directors; Mr. Sue Ka Lok as Non-executive Director; and Mr. To Yan Ming, Edmond, Mr. Pun Chi Ping and Ms. Leung Pik Har, Christine as Independent Non-executive Directors.