Addchance : INSIDE INFORMATION APPOINTMENT OF RECEIVERS AND MANAGERS IN RESPECT OF THE SHARES OF THE COMPANY

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.

GTI HOLDINGS LIMITED

共 享 集 團 有 限 公 司

(a company incorporated in the Cayman Islands with limited liability)

(Stock Code: 3344)

INSIDE INFORMATION

APPOINTMENT OF RECEIVERS AND MANAGERS IN RESPECT OF

THE SHARES OF THE COMPANY

This announcement is made by GTI Holdings Limited (the "Company") under Part XIVA of the Securities and Futures Ordinance (Chapter 571 of the Laws of Hong Kong) and pursuant to Rule 13.09(1) of the Rules Governing the Listing of Securities on The Stock Exchange of Hong Kong Limited (the "Stock Exchange").

The board (the "Board") of directors of the Company (the "Directors") has been informed by the chairman and the executive Director of the Company, Mr. Poon Sum ("Mr. Poon"), the controlling shareholder of the Company interested in approximately 49.30% issued share capital of the Company, of the following matter in relation to the appointment of joint and several receivers and managers.

As informed by the Mr. Poon, on 11 March 2020, Ms. Wong Wing Sze Tiffany and Ms. Yeung Mei Lee of Alvarez & Marsal Asia Limited were appointed as joint and several receivers and managers (the "Receivers") over 2,752,332,765 shares of the Company (the "Relevant Shares") held by Gold Train Investments Limited ("Gold Train"). The Relevant Shares represent approximately 43.70% issued share capital of the Company as at the date of this announcement.

To the best of the Directors' knowledge, information and belief having made all reasonable enquiries to the Controlling Shareholders, the Relevant Shares were pledged by Gold Train in favour of China Great Wall AMC (International) Limited (the "Creditor") as security for repayment of the loans granted by the Creditor to Gold Train.

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The Company will issue further announcement(s) to provide updates on the above matters as and when required pursuant to the Rules Governing the Listing of Securities on The Stock Exchange of Hong Kong Limited.

WARNING: SHAREHOLDERS AND POTENTIAL INVESTORS ARE ADVISED TO EXERCISE CAUTION WHEN DEALING IN THE SECURITIES OF THE COMPANY, AND IF THEY ARE IN DOUBT ABOUT THEIR POSITION, THEY SHOULD CONSULT THEIR PROFESSIONAL ADVISERS.

By Order of the Board

GTI Holdings Limited

Ng Kwok Hung Perry

Executive Director

Hong Kong, 16 March 2020

As at the date of this announcement, the Board comprises (i) Mr. Poon Sum (Chairman), Mr. Ng Kwok Hung Perry, Mr. Hao Xiangbin, Mr. Huang Bin, Ms. Tsai Wan-yu and Mr. Wong Ka Wai as executive Directors; (ii) Mr. Sui Fuxiang as non-executive Director; and (iii) Mr. Chan Shu Kin, Dr. Tse Kwok Sang, Mr. Chiu Wai Piu, Mr. Leung Wai Kei and Mr. Wong Yiu Kui as independent non-executive Directors.

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