Kingdom : INSIDE INFORMATION POSITIVE PROFIT ALERT

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KINGDOM HOLDINGS LIMITED

金 達 控 股 有 限 公 司

(Incorporated in the Cayman Islands with limited liability and carrying on business in Hong Kong as "Kingdom (Cayman) Limited")

(Stock Code: 528)

INSIDE INFORMATION

POSITIVE PROFIT ALERT

This announcement is made by Kingdom Holdings Limited (the "Company", together with its subsidiaries, the "Group") pursuant to Rule 13.09 of the Rules Governing the Listing of Securities on The Stock Exchange of Hong Kong Limited (the "Listing Rules") and the Inside Information Provisions (as defined under the Listing Rules) under Part XIVA of the Securities and Futures Ordinance (Chapter 571 of the Laws of Hong Kong).

The board of directors ("Directors") of the Company (the "Board") wishes to inform the shareholders of the Company and potential investors that, based on the preliminary assessment of the Group's unaudited consolidated management accounts for the nine months ended 30 September 2019, the Company expects that there will be an increase of not less than 50% in the Group's net profit for the year ending 31 December 2019 as compared to a net profit of RMB103,187,000 for the year ended 31 December 2018. The expected increase was primarily attributable to the improved gross profit margin as a result of price adjustment implemented by the Group since the beginning of 2018.

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The information contained in this announcement is only based on a preliminary assessment by the Board based on information currently available to it, including the unaudited consolidated management accounts of the Group for the nine months ended 30 September 2019, which have not been confirmed or reviewed by the Company's auditors or the audit committee of the Company. The actual results of the Group for the year ending 31 December 2019 may differ from what is disclosed in this announcement. Detailed financial results of the Group for the year ending 31 December 2019 will be disclosed in the Company's annual results announcement which is expected to be published in the first quarter of 2020.

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

By Order of the Board of

Kingdom Holdings Limited

Ren Weiming

Chairman

Zhejiang, 31 October 2019

As at the date of this announcement, the executive Directors are Mr. Ren Weiming, Mr. Shen Yueming, Mr. Zhang Hongwen and Ms. Shen Hong; the non-executive Director is Mr. Ngan Kam Wai Albert; and the independent non-executive Directors are Mr. Lau Ying Kit, Mr. Lo Kwong Shun Wilson and Mr. Yan Jianmiao.

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