Grand Ming : Proposed Bonus Issue of Shares Commencement of Dealings in Shares on an Ex-entitlement Basis

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.

GRAND MING GROUP HOLDINGS LIMITED

佳 明 集 團 控 股 有 限 公 司

(Incorporated in the Cayman Islands with limited liability)

(Stock Code: 1271)

PROPOSED BONUS ISSUE OF SHARES

COMMENCEMENT OF DEALINGS IN SHARES

ON AN EX-ENTITLEMENT BASIS

Reference is made to the circular of Grand Ming Group Holdings Limited dated 24 June 2020 (the "Circular"), in which, among other things, the Board proposed a Bonus Issue on the basis of one (1) Bonus Share for every one (1) existing Share held by the Qualifying Shareholders whose names appear on the Register on the Record Date. Unless otherwise defined, capitalised terms used herein shall have the same meanings as ascribed to them in the Circular.

Pursuant to the expected timetable for the proposed Bonus Issue as set out in the Circular, the last day of dealings in Shares on a cum-entitlement basis is Tuesday, 28 July 2020. The closing price per Share as quoted on the Stock Exchange on Tuesday, 28 July 2020 was HK$8.400. Dealings in the Shares on an ex-entitlement basis shall commence on Wednesday, 29 July 2020.

By Order of the Board

Grand Ming Group Holdings Limited

Chan Hung Ming

Chairman and Executive Director

Hong Kong, 28 July 2020

As at the date of this announcement, the Board comprises:

Executive Directors:	Independent Non-Executive Directors:
Mr. Chan Hung Ming	Mr. Tsui Ka Wah
Mr. Lau Chi Wah	Mr. Kan Yau Wo
Mr. Yuen Ying Wai	Mr. Mok Kwai Pui Bill
Mr. Kwan Wing Wo	Mr. Lee Chung Yiu Johnny

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