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.

FAIRWOOD HOLDINGS LIMITED

(Incorporated in Bermuda with limited liability)

(Stock Code: 52)

CANCELLATION OF GRANT OF SHARE OPTIONS

Reference is made to the announcement of Fairwood Holdings Limited (the "Company") dated 19 October 2018 regarding the grant of share options to subscribe for an aggregate of 70,000 ordinary shares of HK$1.00 each in the capital of the Company to certain employees of the Company (the "Grantees") under the share option scheme of the Company adopted on 7 September 2011 (the "Grant of Share Options").

Pursuant to Rule 10.06(3) of the Rules Governing the Listing of Securities on The Stock Exchange of Hong Kong Limited (the "Listing Rules"), the Company may not make a new issue of shares or announce a proposed new issue of shares for a period of 30 days after the repurchase by the Company of its shares. As the share options carry rights to subscribe for the Company's shares and therefore fall within the definition of shares under Rule 10.06(6)(c) of the Listing Rules, and the Grant of Share Options has not been accepted by the Grantees, the Grant of Share Options has been cancelled accordingly.

The Company will make an announcement of such Grant of Share Options at another time when the Company can comply with Rule 10.06 of the Listing Rules.

By Order of the Board

Mak Yee Mei Company Secretary

Hong Kong, 23 October 2018

As at the date of this announcement, the Directors of the Company are:

Executive Directors: Mr Dennis Lo Hoi Yeung (Executive Chairman), Mr Chan Chee Shing (Chief Executive Officer), Ms Mak Yee Mei and Ms Peggy Lee; and

Independent Non-executive Directors: Mr Ng Chi Keung; Mr Joseph Chan Kai Nin, Dr Peter Lau Kwok Kuen, Mr Tony Tsoi Tong Hoo and Mr Peter Wan Kam To.

Website:www.fairwoodholdings.com.hk

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Fairwood Holdings Limited published this content on 23 October 2018 and is solely responsible for the information contained herein. Distributed by Public, unedited and unaltered, on 23 October 2018 09:12:01 UTC