Daqing Dairy : VOLUNTARY ANNOUNCEMENT UPDATE ON SHAREHOLDING

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LONGHUI INTERNATIONAL HOLDINGS LIMITED

龍 輝 國 際 控 股 有 限 公 司

(Incorporated in the Cayman Islands with limited liability)

(Stock Code: 1007)

VOLUNTARY ANNOUNCEMENT

UPDATE ON SHAREHOLDING

This is a voluntary announcement made by Longhui International Holdings Limited (the ''Company'').

Reference is made to the announcement (the ''Announcement'') of the Company dated 16 September 2019 in relation to, among others, the conversion of Convertible Bonds in the principal amount of HK$121,248,947.605 into 1,182,916,562 Conversion Shares by Vendor I. Capitalised terms used herein shall have the same meanings as defined in the Announcement unless the context otherwise requires.

Immediately after the allotment and issue of the Conversion Shares, the shareholding structure of the Company is as follows:

	Immediately before the issue of		Immediately after the issue of
	the Conversion Shares on		the Conversion Shares on
	16 September 2019		16 September 2019
	No. of Shares	Approximate %		No. of Shares	Approximate %
Shui Chak Group Limited (Note 1)	3,548,749,688		68.37%	4,731,666,250		74.24%
Mr. So Kam Chuen (Note 2)	44,714,625		0.86%		44,714,625		0.70%
Sub total	3,593,464,313		69.23%	4,776,380,875		74.94%
Public shareholders (Note 3)	1,597,221,562		30.77%		1,597,221,562		25.06%
Shares in issue	5,190,685,875		100%	6,373,602,437		100%
Notes:

1. Shui Chak Group Limited is a company incorporated in the British Virgin Islands and the entire issued share capital of which is beneficially owned by Vendor I, namely Mr. Hung Shui Chak who is an executive director and the chairman of the Company.
2. Mr. So Kam Chuen is an executive Director.

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3. In the announcement of the Company dated 4 July 2018, Vendor II and Vendor III, namely Ms. Hung Ying and Mr. Ho, Roy Poon Kwong were categorised under ''The Concert Group'' for the purpose of Takeovers Code in the shareholding table set out therein. As Vendor II and Vendor III are not core connected person of the Company and neither of them was financed directly or indirectly by a core connected person of the Company in acquiring their interests in the Company nor were they accustomed to take instructions from any core connected person of the Company, Vendor II and Vendor III are regarded as ''public'' under Rule 8.24 of the Listing Rules.

By order of the Board

Longhui International Holdings Limited

Hung Shui Chak

Chairman and executive Director

Hong Kong, 20 September 2019

As at the date of this announcement, the Board comprises four executive Directors, namely Mr. Hung Shui Chak, Mr. So Kam Chuen, Mr. Yuan Mingjie and Mr. Chen Jun; and three independent non-executive Directors, namely Mr. Ha Kee Choy Eugene, Mr. Chan Chun Yiu Thomas and Mr. Tam Bing Chung Benson.

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