Keen Ocean International : Change of Auditors

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.

KEEN OCEAN INTERNATIONAL HOLDING LIMITED 僑 洋 國 際 控 股 有 限 公 司

(Incorporated in the Cayman Islands with limited liability)

(Stock Code: 8070)

CHANGE OF AUDITORS

This announcement is made by Keen Ocean International Holding Limited (the "Company") pursuant to Rule 17.50(4) of the Rules Governing the Listing of Securities on the Growth Enterprise Market of The Stock Exchange of Hong Kong Limited.

Resignation of Auditors

The board (the "Board") of directors (the "Directors") of the Company announces that Deloitte Touche Tohmatsu ("Deloitte") resigned as the auditors of the Company and its subsidiaries (collectively, the "Group") with effect from 21 July 2017, as the Company could not reach a mutual agreement with Deloitte on the audit fee for the year ending 31 December 2017.

Deloitte has confirmed in its letter of resignation that from Deloitte's perspective there is no matter in connection with its resignation that needs to be brought to the attention of the shareholders ("Shareholders") and creditors of the Company. The Board and the audit committee of the Company (the "Audit Committee") have confirmed that there are no disagreements or unresolved matters between the Company and Deloitte, and that they are not aware of any matter in connection with the resignation of Deloitte that needs to be brought to the attention of the Shareholders or creditors of the Company.

The Board would like to take this opportunity to express its sincere gratitude to Deloitte for its professional services rendered to the Company in the past years.

Appointment of Auditors

With the recommendation of the Audit Committee, ZHONGHUI ANDA CPA Limited has been appointed as the Group's auditors to fill the casual vacancy following the resignation of Deloitte and to hold office until the conclusion of the next annual general meeting of the Company.

By Order of the Board

Keen Ocean International Holding Limited Chung Chi Hang, Larry

Chairman

Hong Kong, 21 July 2017

As at the date of this announcement, the executive Directors are Mr. Chung Chi Hang, Larry, Mr. Chung Tin Shing and Mr. Wong Shek Fai, Johnson; and the independent non-executive Directors are Mr. Wong Choi Chak, Mr. Li Chung Pong, Stephen and Mr. Lam Chon Loi.

This announcement, for which the Directors collectively and individually accept full responsibility, includes particulars given in compliance with the GEM Listing Rules for the purpose of giving information with regard to the Company. The Directors, having made all reasonable enquiries, confirm that, to the best of their knowledge and belief, the information contained in this announcement is accurate and complete in all material respects and not misleading or deceptive, and there are no other matters the omission of which would make any statement herein or this announcement misleading.

This announcement will remain on the "Latest Company Announcement" page of the GEM website at www.hkgem.com for at least 7 days from the date of the publication and will be published on the website of the Company at www.keenocean.com.hk.