Good Friend International : SALES ANNOUNCEMENT

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GOOD FRIEND INTERNATIONAL HOLDINGS INC.

友佳國際控股有限公司

(Incorporated in the Cayman Islands with limited liability)

(Stock code: 2398) SALES ANNOUNCEMENT

The board of directors of Good Friend International Holdings Inc. (the "Company", together with its subsidiaries, the "Group") shares with the investors and shareholders of the Company the sales of the respective business of the Group for the one month ended 31 January 2017.

Sales of the respective business for the one month ended 31 January 2017

1. CNC machine tools business

   For the one month ended 31 January 2017, the Group sold to customers 114 units in respect of its CNC machine tools business (sales volume for the one month ended 31 January 2016: 121 units), amounting to approximately RMB51.559 million (for the one month ended 31 January 2016: approximately RMB50.126 million), representing an increase of approximately 3% when compared to the same period in 2016.

2. Parking Garage Structures business

   For the one month ended 31 January 2017, the Group sold to customers 713 units in respect of its parking garage structures business (sales volume for the one month ended 31 January 2016: 913 units), amounting to approximately RMB9.625 million (for the one month ended

   31 January 2016: approximately RMB13.388 million), representing a decrease of approximately 28% when compared to the same period in 2016.

3. Forklift trucks business

For the one month ended 31 January 2017, the Group sold to customers 63 units in respect of its forklift trucks business (sales volume for the one month ended 31 January 2016: 188 units), amounting to approximately RMB5.694 million (for the one month ended 31 January 2016: approximately RMB10.597 million), representing a decrease of approximately 46% when compared to the same period in 2016.

Accordingly, total sales to customers for the one month ended 31 January 2017 amounted to approximately RMB66.878 million, representing a decrease of approximately 10% when compared to the amount of approximately RMB74.111 million for the same period in 2016.

The Chinese New Year holiday for 2017 started in late January, whilst for last year 2016 the Chinese New Year holiday started in early February, effectively affecting the number of days for which businesses could be conducted in January 2017.

The above information is extracted from the summary internal information of the Group, which has not been reviewed by the auditors of the Company. All information shall be subject to the audited and interim financial information of the Group. Investors and shareholders of the Company are advised not to rely on such information, and the directors of the Company shall not be responsible for any reliance placed thereon. Investors and shareholders of the Company should exercise caution when dealing in the shares of the Company.

By Order of the Board

Good Friend International Holdings Inc.

Chu Chih-Yaung

Chairman

Hong Kong, 10 February 2017

As at the date of this announcement, the Board of the Company comprises (i) five executive directors, namely Mr. Chu Chih-Yaung, Mr. Chen Hsiang-Jung, Mr. Chen Min-Ho, Mr. Wen Chi-Tang and Mr. Chiu Rung-Hsien; and (ii) three independent non-executive directors, namely Mr. Koo Fook Sun, Louis, Mr. Chiang Chun-Te and Mr. Yu Yu-Tang.