China SCE : DISCLOSURE PURSUANT TO RULE 13.18

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.

CHINA SCE GROUP HOLDINGS LIMITED

中 駿 集 團 控 股 有 限 公 司

(Incorporated in the Cayman Islands with limited liability)

(Stock Code: 1966)

DISCLOSURE PURSUANT TO RULE 13.18

This announcement is made by China SCE Group Holdings Limited (the ''Company'', together with its subsidiaries, the ''Group'') in compliance with the disclosure requirements under Rule 13.18 of the Rules Governing the Listing of Securities (the ''Listing Rules'') on The Stock Exchange of Hong Kong Limited.

By an agreement dated 2 January 2020 (the ''Facility Agreement'') entered into by and among, inter alia, Sleek Time Limited (the ''Borrower''), a non-wholly owned subsidiary of the Company, as borrower, The Hongkong and Shanghai Banking Corporation Limited, Hang Seng Bank Limited (''HSB'') and The Bank of East Asia, Limited (collectively, the ''Banks'') as mandated lead arrangers and original lenders, and HSB as facility agent and security agent, the Banks have agreed to grant to the Borrower a term loan facility in an aggregate of the Hong Kong dollar equivalent of RMB560,000,000 (the ''Facility'').

The Facility is for a term of three years and six months commencing from the date on which the first utilisation of the Facility is made under the Facility Agreement, and is guaranteed by the Company and the Borrower's other shareholders on a several basis.

The Facility Agreement contains a requirement that Mr. Wong Chiu Yeung (''Mr. Wong'') and his family members (together with Mr. Wong, the ''Wong Family'') (a) must remain the single largest shareholder of the Company; (b) must hold legally and beneficially and directly or indirectly 40% or more of all classes of the Company's voting share capital and/ or must directly or indirectly control (has the meaning given to it in accordance with the Hong Kong Code on Takeovers and Mergers) the Company; and (c) Mr. Wong or a member of the Wong Family must remain to be the chairman of the board of directors (the ''Board'') of the Company.

A breach of such requirement is a mandatory prepayment event under the Facility Agreement, and as a result, the Facility will become immediately due and payable.

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As at the date of this announcement, Mr. Wong and his associates (as defined under the Listing Rules) together own approximately 50.33% of the voting share capital of the Company.

By order of the Board of

China SCE Group Holdings Limited

Wong Chiu Yeung

Chairman

Hong Kong, 3 January 2020

As at the date of this announcement, the executive directors of the Company are Mr. Wong Chiu Yeung, Mr. Chen Yuanlai, Mr. Cheng Hiu Lok, Mr. Huang Youquan and Mr. Wong Lun, and the independent non-executive directors of the Company are Mr. Ting Leung Huel Stephen, Mr. Lu Hong Te and Mr. Dai Yiyi.

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