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.

PAX Global Technology Limited

百富環球科技有限公 司 *

(Incorporated in Bermuda with limited liability)

(Stock Code: 327) SUPPLEMENTAL CLARIFICATION ANNOUNCEMENT

This announcement is made at the request of The Stock Exchange of Hong Kong Limited (the "Stock Exchange") to supplement certain information in the clarification announcement made by PAX Global Technology Limited (the "Company") on 17 August 2016 at the request of the board of directors of the Company (the "Board") in relation to the recent adverse rumour and commentary concerning the Company.

  1. GIST OF THE RUMOUR

    Recently, certain commentary on the online social network alleged that there was discrepancy in the business performance of the Company between those announced by the Company and those obtained by the commentator from other parties, that the actual financial results of the Company was not as satisfactory as those announced by the Company.

  2. CLARIFICATION STATEMENT

    With regard to the above rumour, the Company wishes to state as follows:

    1. The above rumour is untrue;

    2. The Board confirms that the Company has followed sufficient financial reporting procedures and internal monitor systems to comply with the obligations of the Rules Governing the Listing of Securities on The Stock Exchange of Hong Kong Limited. The Board have prepared the financial statements of the Company that give a true and fair view of the Company in accordance with the Hong Kong Financial Reporting Standard issued by the Hong Kong Institute of Certified Public Accountants and the disclosure requirements of the Companies Ordinance (Cap. 622 of the Laws of Hong Kong), and the Company has sufficient internal control measures in place necessary to enable the preparation of financial statements that are free from material misstatement, whether due to fraud or error.

      * For identification purpose only

    3. OTHER REMARKS

      4. The Company hereby reminds the shareholders of the Company and potential investors to refer to the announcements published on the websites of the Stock Exchange (http://www.hkexnews.hk) and the Company should they wish to enquire about the information of the Company.

      Shareholders of the Company and potential investors are advised to exercise caution when dealing in the securities of the Company.

      By Order of the Board

      PAX Global Technology Limited Li Wenjin

      Executive Director

      Hong Kong, 19 August 2016

      As at the date of this announcement, the Board comprises three Executive Directors, namely, Mr. Nie Guoming, Mr. Lu Jie and Mr. Li Wenjin and three Independent Non-Executive Directors, namely, Mr. Yip Wai Ming, Dr. Wu Min and Mr. Man Kwok Kuen, Charles.

    PAX Global Technology Ltd. published this content on 19 August 2016 and is solely responsible for the information contained herein.
    Distributed by Public, unedited and unaltered, on 19 August 2016 13:50:04 UTC.

    Original documenthttp://file.irasia.com/listco/hk/paxglobal/announcement/a160819.pdf

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