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.

This announcement is for information purposes only and does not constitute an invitation or offer to acquire, purchase or subscribe for any securities of the Company.

DL HOLDINGS GROUP LIMITED

德 林 控 股 集 團 有 限 公 司

(formerly known as Season Pacific Holdings Limited)

(Incorporated in the Cayman Islands with limited liability)

(STOCK CODE: 1709)

COMPLETION OF SUBSCRIPTION OF

NEW SHARES UNDER GENERAL MANDATE

Reference is made to the announcements of DL Holdings Group Limited (formerly known as Season Pacific Holdings Limited) (the ''Company'') dated 30 June 2020 and 24 July 2020 in relation to the subscription of new shares of the Company by CMF Global Quantitative Multi-Asset SPC - CMF FS Asia Equity Opportunity SP (the ''Subscriber'') under the general mandate (the ''Announcements''). Unless otherwise defined, capitalised terms used in this announcement shall have the same meaning as those defined in the Announcements.

COMPLETION OF SUBSCRIPTION OF NEW SHARES UNDER GENERAL MANDATE

The Board is pleased to announce that as all the conditions of the Subscription have been fulfilled, Completion took place on 31 July 2020, and 75,500,000 Subscription Shares were allotted and issued to the Subscriber at the Subscription Price of HK$0.80 per Subscription Share under the General Mandate pursuant to the terms and conditions of the Subscription Agreement.

The Subscription Shares represent approximately 5.91% of the number of issued Shares immediately before Completion, and approximately 5.58% of the number of issued Shares as enlarged by the allotment and issue of the Subscription Shares at Completion.

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CHANGES IN SHAREHOLDING STRUCTURE OF THE COMPANY

The following table sets out the shareholding structure of the Company (i) immediately before Completion; and (ii) immediately after Completion:

Immediately before

Immediately after

Completion

Completion

Number of

Approximate

Number of

Approximate

shares

%

shares

%

DA Wolf Investments I Limited

443,722,395

34.76

443,722,395

32.82

Rapid Raise Investments Limited

222,418,000

17.42

222,418,000

16.45

Mr. Li Ren, a non-executive Director

113,392,000

8.88

113,392,000

8.39

Ms. Jiang Xinrong, an executive Director

10,115,000

0.79

10,115,000

0.75

Subscriber

-

-

75,500,000

5.58

Public Shareholders

486,973,605

38.15

486,973,605

36.02

Total

1,276,621,000

100

1,352,121,000

100

By Order of the Board

DL Holdings Group Limited

Jiang Xinrong

Chairman & Executive Director

Hong Kong, 31 July 2020

As at the date of this announcement, the executive Directors are Ms. Jiang Xinrong and Mr. Chen Ningdi; the non-executive Directors are Mr. Chan Kwun Wah Derek and Mr. Li Ren; and the independent non-executive Directors are Mr. Chang Eric Jackson, Mr. Chen Cheng- Lien (also known as Chen Cheng-Lang and Chen Stanley), Mr. Liu Chun and Ms. Luk Huen Ling Claire.

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Season Pacific Holdings Ltd. published this content on 31 July 2020 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 31 July 2020 12:31:07 UTC