Hengxin Technology : Further Announcement On Payment Of The Dividend For 2016

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HENGXIN TECHNOLOGY LTD.

亨 鑫 科 技 有 限 公 司 *

(carrying on business in Hong Kong as HX Singapore Ltd.) (incorporated in Singapore with limited liability)

(Singapore Registration No.: 200414927H)

(Hong Kong Stock Code: 1085) (Singapore Stock Code: I85)

FURTHER ANNOUNCEMENT ON PAYMENT OF THE DIVIDEND FOR 2016

References are made to the Results Announcement, the AGM Notice and the Poll Results Announcement in relation to the FY2016 Dividend and the closure of register of members in connection therewith.

The Board is pleased to announce that the FY2016 Dividend for distribution to the shareholders of the Company will be distributed on Monday, 29 May 2017.

References are made to the final results for the year ended 31 December 2016 (the ''Results Announcement'') dated 16 February 2017, the notice (the ''AGM Notice'') for the annual general meeting (the ''AGM'') dated 24 March 2017 and the AGM poll results announcement dated 28 April 2017 (the ''Poll Results Announcement'') of Hengxin Technology Ltd. (the ''Company'') in relation to, amongst others, the first and final dividend for the year ended 31 December 2016 (the ''FY2016 Dividend'') and the closure of register of members in connection therewith.

On 16 February 2017 as disclosed in the Results Announcement, the board (the ''Board'') of directors (''Directors'') of the Company announced its recommendation of the FY2016 Dividend of RMB2.57 cents per share.

In furtherance of the Ordinary Resolution No. 2 in the AGM Notice regarding the FY2016 Dividend having been approved by the shareholders of the Company at the AGM on 28 April 2017 as disclosed by the Company in the Poll Results Announcement, the Board is pleased to announce that the FY2016 Dividend will be paid on Monday, 29 May 2017 in Singapore dollars (''S$'') or Hong Kong dollars (''HK$'') (as the case may be) to shareholders whose names appear on the register of members of the Company on Tuesday, 16 May 2017.

The translation of Renminbi (''RMB'') into Singapore dollars for the purpose of payment of the FY2016 Dividend in Singapore dollars is made at the rate of approximately RMB1.00 = S$0.2042 which is the exchange rate of Renminbi against Singapore dollars as quoted at 12 : 00

* For identification purpose only

p.m. on 12 May 2017 from Bloomberg. The translation of Renminbi into Hong Kong dollars for the purpose of payment of the FY2016 Dividend in Hong Kong dollars is made at the rate of approximately RMB1.00 = HK$1.1291 which is the exchange rate of Renminbi against Hong Kong dollars as quoted at 12 : 00 p.m. on 12 May 2017 from Bloomberg.

Based on the above exchange rates, the FY2016 Dividend to be paid in Hong Kong dollars and Singapore dollars will be HK2.90 cents per share and S0.52 cents per share respectively. Shareholders who hold their shares on the Singapore register of members shall receive their dividend payment in Singapore dollars while shareholders who hold their shares on the Hong Kong register of members shall receive their dividend payment in Hong Kong dollars.

As disclosed in the Results Announcement and the AGM Notice, in order to determine the entitlement to the FY2016 Dividend, the register of members of the Company will be closed on Tuesday, 16 May 2017, on which date no transfer of shares will be registered. In order to be qualified for the FY2016 Dividend, unregistered holders of shares of the Company shall ensure that all transfer documents accompanied by the relevant share certificates must be lodged with the Company's principal share registrar in Singapore, Boardroom Corporate & Advisory Services Pte. Ltd., at 50 Raffles Place, Singapore Land Tower #32-01, Singapore 048623 (for shareholders in Singapore), or at the office of the Company's Branch Share Registrar in Hong Kong, Tricor Investor Services Limited, at Level 22, Hopewell Centre, 183 Queen's Road East, Hong Kong (for shareholders in Hong Kong) not later than 4 : 30 p.m. on Monday, 15 May 2017.

By Order of the Board

Hengxin Technology Ltd.

Cui Wei

Chairman

Hong Kong, 12 May 2017

As at the date of this announcement, the executive Directors of the Company are Mr. Du Xiping and Mr. Xu Guoqiang; the non-executive Directors of the Company are Mr. Cui Wei and Ms. Zhang Zhong; and the independent non-executive Directors of the Company are Mr. Tam Chi Kwan Michael, Dr. Li Jun and Mr. Pu Hong.