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Altus : ANNOUNCEMENT PURSUANT TO RULE 17.20 OF THE GEM LISTING RULES

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05/18/2018 | 03:29pm CEST

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.

ALTUS HOLDINGS LIMITED खᅃછٰϞࠢʮ̡

(Incorporated in the Cayman Islands with limited liability)

(Stock Code: 8149)

ANNOUNCEMENT PURSUANT TO RULE OF

17.20 OF THE GEM LISTING RULES

This announcement is made by Altus Holdings Limited (the "Company") pursuant to Rule 17.20 of the Rules Governing the Listing of Securities on GEM (the "GEM Listing Rules") of The Stock Exchange of Hong Kong Limited (the "Stock Exchange").

Reference is made to an announcement dated 26 June 2017 issued by the Company with regard to a facility letter dated 26 June 2017 (the "Previous Facility Letter") for a revolving loan facility in the amount of HK$47,600,000 for investment purpose.

The board (the "Board") of directors (the "Directors") of the Company is pleased to announce that an existing lender of the Company, being a licensed bank (the "Lender"), has pursuant to its periodic review, agreed to make available a revised revolving loan facility in the amount of HK$47,650,000 (the "Revolving Facility") to the Company's indirectly wholly-owned subsidiary, Starich Resources Limited (the "Subsidiary"). The revised banking facilities letter (the "Revised Facility Letter") was signed on 18 May 2018.

The conditions set out in the Revised Facility Letter remain unchanged as the Previous Facility Letter. In particular, the availability of the Revolving Facility is subject to, among other things, the Lender's periodic review and the Lender's overriding right of repayment on demand, including the right to call for cash cover on demand for prospective and contingent liabilities. In addition, the Company has undertaken that (i) Mr. Arnold Ip Tin Chee ("Mr. IP") shall remain as chairman of the Board and maintain control over the management and business of the Company; and (ii) his beneficial interest in the Company, as required to be disclosed pursuant to the disclosure requirements under the GEM Listing Rules and the Securities and Future Ordinance, which as at the date of this announcement, is 75.0% of the total issued share capital of the Company should be maintained at not less than 60.0%.

The Company will comply with the continuing disclosure obligations under Rule 17.23 of the GEM Listing Rules in its subsequent quarterly, interim and annual reports so long as circumstances giving rise to such obligations regarding the control of the Company exist.

By order of the Board Altus Holdings Limited

Arnold IP Tin Chee

Chairman

Hong Kong, 18 May 2018

This announcement, for which the Directors collectively and individually accept full responsibility, includes particulars given in compliance with the GEM Listing Rules for the purpose of giving information with regard to the Company. The Directors, having made all reasonable enquiries, confirm that to the best of their knowledge and belief, the information contained in this announcement is accurate and complete in all material respects and is not misleading or deceptive, and there are no other matters the omission of which would make any statement herein or this announcement misleading.

As at the date of this announcement, the executive Directors are Mr. Arnold Ip Tin Chee (Chairman), Mr. Chang Sean Pey and Ms. Leung Churk Yin Jeanny and the independent non-executive Directors are Mr. Chao Tien Yo, Mr. Chan Sun Kwong and Mr. Lee Shu Yin.

This announcement will remain on the website of the GEM of the Stock Exchange atwww.hkgem.comon the "Latest Company Announcements" page for at least 7 days from the date of its posting. This announcement will also be published and remains on the website of the Company atwww.altus.com.hk.

Disclaimer

Altus Holdings Ltd. published this content on 18 May 2018 and is solely responsible for the information contained herein. Distributed by Public, unedited and unaltered, on 18 May 2018 13:28:09 UTC

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