Oshidori International : COMPLETION OF THE DISCLOSEABLE TRANSACTION IN RELATION TO THE DISPOSAL OF 8.06% OF THE TARGET COMPANY

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OSHIDORI INTERNATIONAL HOLDINGS LIMITED

威 華 達 控 股 有 限 公 司 *

(Incorporated in Bermuda with limited liability)

(Stock code: 622)

COMPLETION OF THE DISCLOSEABLE TRANSACTION

IN RELATION TO THE DISPOSAL OF 8.06% OF

THE TARGET COMPANY

Reference is made to the announcements of Oshidori International Holdings Limited (the "Company") dated 12 August 2020 and 28 August 2020 (the "Announcements") relating to the disposal of 8.06% equity interest in Satinu Resources Group Limited. Unless otherwise defined herein, capitalised terms used herein shall have the same meanings as those defined in the Announcements.

The Board is pleased to announce that the conditions precedent under the Sale and Purchase Agreement have been fulfilled and Completion took place on 16 September 2020. The Group has received the remaining balance of HK$450 million from the Purchaser.

As at the date of this announcement, the Company is indirectly interested in 3.62% of the issued share capital of the Target Company. Pursuant to the undertaking by the Vendor, between the receival of the Deposit until 31 December 2020, the Vendor will duly comply and follow the voting instructions of the Purchaser as to any shareholder's vote that may occur in compliance with the memorandum and articles of association of the Target Company in proportion to the Vendor's entire shareholding.

By Order of the Board

Oshidori International Holdings Limited

Wong Wan Men Margaret

Executive Director

Hong Kong, 16 September 2020

• For identification purpose only

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

Executive Directors:	Non-Executive Directors:	Independent Non-Executive
Ms. Wong Wan Men	Mr. Alejandro Yemenidjian	Directors:
Margaret	(Non-Executive Chairman)	Mr. Chan Hak Kan
Mr. Wong Yat Fai	Hon. Joseph Edward Schmitz	Mr. Cheung Wing Ping
	Mr. Sam Nickolas David Hing	Mr. Hung Cho Sing
	Cheong

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