KK Culture : SUPPLEMENTAL ANNOUNCEMENT IN RELATION TO THE ANNUAL REPORT FOR THE YEAR ENDED 31 DECEMBER 2019

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KK CULTURE HOLDINgS LIMITED

K K 文 化 控 股 有 限 公 司

(Continued in Bermuda with limited liability)

(Stock code: 550)

SUPPLEMENTAL ANNOUNCEMENT

IN RELATION TO THE

ANNUAL REPORT FOR THE YEAR ENDED 31 DECEMBER 2019

Reference is made to the annual report of KK Culture Holdings Limited (the "Company") for the year ended 31 December 2019 (the "2019 Annual Report") published by the Company on 29 April 2020. Unless otherwise defined herein, capitalised terms used in this announcement shall have the same meanings as those defined in the 2019 Annual Report.

In addition to the announcement disclosed in the section "Management Discussion and Analysis" in the 2019 Annual Report, the Board would like to provide additional information pursuant to paragraph 32(4A) of Appendix 16 to the Rules Governing the Listing of Securities on The Stock Exchange of Hong Kong Limited (the "Stock Exchange") as below.

The Significant Investment

As at 31 December 2019, the Group held 115,740,000 ordinary shares, representing approximately 2.39% equity interest in Kingkey Financial International (Holdings) Limited ("Kingkey"), a company incorporated in the Cayman Islands with limited liability whose shares are listed on Main Board of the Stock Exchange (Stock code: 1468) and is principally engaged in (i) securities brokerage; (ii) wealth management; and (iii) other financial services, mink farming and trading of mink's fur skin.

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The Company would like to supplement the above listed ordinary shares as a significant investment held by the Group as at 31 December 2019 (the "Significant Investment"). The fair value of the aforesaid ordinary shares of Kingkey was approximately HK$44,559,900 as at 31 December 2019, representing approximately 22.65% of the total assets of the Group as at 31 December 2019. The aggregate costs of investment in Kingkey was approximately HK$24,996,000 which was recorded as equity instruments at fair value through other comprehensive income.

The above supplemental information does not affect other information contained in the 2019 Annual Report and save as disclosed above, all other information in the 2019 Annual Report remains unchanged.

By Order of the Board

KK Culture Holdings Limited

Tsang Hing Bun

Executive Director

Hong Kong, 5 August 2020

As at the date of this announcement, the Board comprises Mr. Tsang Hing Bun as executive Director; Mr. Yiu Yu Cheung as non-executive Director; and Mr. Chan Chiu Hung, Alex, Mr. William Keith Jacobsen and Dr. Leung Ka Kit, as independent non-executive Directors.

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