Oshidori International : SUPPLEMENTAL ANNOUNCEMENT IN RELATION TO THE ANNUAL REPORT FOR THE YEAR ENDED 31 DECEMBER 2018

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.

OSHIDORI INTERNATIONAL HOLDINGS LIMITED

威 華 達 控 股 有 限 公 司 *

(Incorporated in Bermuda with limited liability)

(Stock code: 622)

SUPPLEMENTAL ANNOUNCEMENT

IN RELATION TO THE ANNUAL REPORT

FOR THE YEAR ENDED 31 DECEMBER 2018

This announcement is made at the request of the Stock Exchange of Hong Kong Limited.

Reference is made to (1) the annual report of Oshidori International Holdings Limited (the "Company", together with its subsidiaries, the "Group") for the year ended 31 December 2018 (the "Annual Report") published on 24 April 2019; (2) the announcement of the Company dated 3 January 2019; (3) the 2018 interim report of the Company published on 19 September 2018; and (4) the prospectus of the Company dated 28 June 2018 in relation to the Rights Issue (the "Rights Issue Prospectus"). Capitalised terms used herein shall have the same meanings as defined in the Rights Issue Prospectus unless the context requires otherwise.

In addition to the information disclosed in the Annual Report, the board of directors of the Company (the "Board") would like to provide additional information in relation to the use of net proceeds raised from the Rights Issue and the Significant Investments.

• For identification purpose only

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The Rights Issue

Update on expected timeline for use of proceeds

The actual net proceeds from the Rights Issue, after deducting related expenses, amounted to approximately HK$1,268.4 million. As at 31 December 2018, the Company utilised HK$1,052.8 million, representing approximately 83.0% of the Net Proceeds. The unutilised Net Proceeds amounted to HK$215.6 million, representing approximately 17.0% of the Net Proceeds. The expected timeline for the utilization of the Net Proceeds is set out below:

	Expected amounts
Untilised balance	to be utilised for
as at	the year ending
31 December 2018	31 December 2019
HK$'000	HK$'000

1. Business development of the Group's financial services

1. provide additional resources to the Group's

money lending business

-

-

1. provide additional resources to the Group's

	margin financing business	-		-
c)	conduct marketing activities	-		-
d)	hire high caliber professionals	-		-
		-		-

1. Repayment of the outstanding principal and

	interest of the Group's loans due to third parties	-	-
(iii)	Operating expenses	-	-
(iv)	General working capital	15,582	15,582
(v)	Financing investment opportunities	-	-

1. Settlement of the promissory note in relation to the

acquisition of Win Wind	200,000	200,000
Total	215,582		215,582

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Significant Investments
	Approximate		Dividend
	% to the		received
	Group's total		for the year
	assets as at 31	Investment	ended 31
Name of investments	December 2018	cost	December 2018
		HK$'000	HK$'000
Designated FVOCI
Unlisted shares in overseas
- Satinu Resources Group Limited	5.59	500,000	-
- Freewill Holdings Limited	0.79	209,000	-
- Co-Lead Holdings Limited	1.52	100,000	-
Listed shares in Hong Kong
- Shengjing Bank Co., Ltd.
(stock code: 2066)	8.91	1,254,000	37,506
Financial assets at FVPL
Listed shares
- China Evergrande Group
(stock code: 3333)	1.92	122,806	5,683
- Evergrande Health Industry Group
Limited (stock code: 708)	2.58	35,913	-
- C C Land Holdings Limited
(stock code: 1224)	3.57	267,006	909
- Guosheng Financial Holding Inc.
(stock code: 002670.SZ)	2.77	249,874	41,950
- Asia Standard International Group
Limited (stock code: 129)	0.76	68,617	1,220
- Newton Resources Ltd.
(stock code: 1231)	1.13	57,605	-
- Larry Jewelry International Co.
Limited (stock code: 8351)	0.07	15,558	-

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The supplementary information provided in this announcement does not affect any other information contained in the Annual Report and, save as disclosed above, the content of the Annual Report remains unchanged.

Further updates on the utilization of the Net Proceeds and the Group's significant investments will be disclosed in the Company's interim report for the six months ended 30 June 2019 (the "2019 Interim Report"). The 2019 Interim Report will be despatched to the Shareholders and published to the Company's website (www.oshidoriinternational.com) and HKEx new's website (https://www.hkexnews.hk/ index.htm) in mid-September 2019. Shareholders of the Company and potential investors are encouraged to read the 2019 Interim Report to keep appraised of the Group's latest financial position and affairs.

By Order of the Board

Oshidori International Holdings Limited

Sam Nickolas David Hing Cheong

Chairman and Executive Director

Hong Kong, 10 September 2019

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

Executive Directors:	Independent Non-Executive Directors:
Mr. Sam Nickolas David Hing Cheong	Mr. Cheung Wing Ping
(Chairman)	Mr. Hung Cho Sing
Mr. Chow Chi Wah Vincent	Mr. Chan Hak Kan
(Managing Director)
Mr. Wong Yat Fai
Ms. Wong Wan Men Margaret

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