Samson : SUPPLEMENTAL ANNOUNCEMENT IN RELATION TO THE 2018 ANNUAL REPORT AND THE 2019 INTERIM REPORT

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.

SAMSON HOLDING LTD.

順 誠 控 股 有 限 公 司 *

(Incorporated in the Cayman Islands with limited liability)

(Stock Code: 00531)

SUPPLEMENTAL ANNOUNCEMENT

IN RELATION TO THE 2018 ANNUAL REPORT

AND THE 2019 INTERIM REPORT

SIGNIFICANT INVESTMENTS HELD BY THE COMPANY

MANAGEMENT DISCUSSION AND ANALYSIS

Reference is made to the 2018 Annual Report and the 2019 Interim Report. The Company would like to provide further information in respect of the significant investments held, their performance during the financial year/period and their future prospects.

During the year ended 31 December 2018, the Group had the following significant investments held which were classified as financial assets at fair value through profit or loss:

			Percentage of		Size as compared	Total amount of
			investments	Change in fair value	to the Company's	dividends received
		Fair value as at	held as at	for the year ended	total assets as at	for the year ended
Description of investment	Investment costs	31 December 2018	31 December 2018	31 December 2018	31 December 2018	31 December 2018
	(US$'000)	(US$'000)	(%)	(US$'000)	(%)	(US$'000)
Investment in the Sub-Fund	150,000	146,705	88.4	(3,295)	22.03	1,788

During the period ended 30 June 2019, the Group had the following significant investments held which were classified as financial assets at fair value through profit or loss:

			Percentage of		Size as compared	Total amount of
			investments	Change in fair value	to the Company's	dividends received
		Fair value as at	held as at	for the period ended	total assets as at	for the period ended
Description of investment	Investment costs	30 June 2019	30 June 2019	30 June 2019	30 June 2019	30 June 2019
	(US$'000)	(US$'000)	(%)	(US$'000)	(%)	(US$'000)
Investment in the Sub-Fund	150,000	149,295	89.5	2,590	22.47	2,402

1

Breakdown of major investments of the Sub-Fund

The Mandate Agreement was entered into between SIE and UBP on 26 July 2018 pursuant to which SIE invested US$150 million into the Sub-Fund set up by UBP. Pursuant to the terms of the Mandate Agreement, the investment objective of the Sub-Fund is to generate regular income while attempting to provide long-term capital appreciation of the assets, and its investment policy is to invest mainly in net assets in fixed-income instruments, money market instruments and investment funds in developed and emerging markets.

Against this background, the Sub-Fund has invested mainly in debt securities (bonds) of companies across the globe in various industries, in particular banking and finance. The maturity dates of most debt securities range from within the year of 2021 to within the year of 2025. Other asset classes under the Sub-Fund include forward contracts, futures and cash.

As at 31 December 2018, none of each individual underlying investment of the Sub-Fund constitutes 5% or above of the total assets of the Company.

As at 30 June 2019, none of each individual underlying investment of the Sub-Fund constitutes 5% or above of the total assets of the Company.

The performance and prospects of the Sub-Fund

The fair value of the Sub-Fund as at 31 December 2018 has decreased from its initial investment costs, and despite an increase since then, the fair value of the Sub-Fund as at 30 June 2019 still fell short of its initial investment costs. The Company has been closely monitoring the performance of the Sub-Fund. However, dividends have been distributed steadily from the Sub-Fund to SIE since its investment. Despite global economic prospects remain challenging with geopolitical risks in the Middle East and uncertainties in trade disputes and Brexit outcome, the Company believes the Sub-Fund will continue to generate stable income for the Group referencing to its steady return.

Strategy for future investments

Going forward, the Group will continue to give regard to prudent capital management and liquidity risk management in its investment strategy. It will continue to pursue a balanced approach in exploring favourable short-term and long-term investments to achieve sustainable growth for the Group. In particular, the Group will continue to make liquid and short-term investments which are legitimate treasury activities and bona fide transactions for purposes of utilising its surplus cash reserves.

DEFINITIONS

In this announcement, unless the context otherwise requires, the following terms shall have the following meanings:

"2018 Annual Report"

"2019 Interim Report"

the annual report of the Company for the year ended 31 December 2018 published on 8 April 2019

the interim report of the Company for the year ended 30 June 2019 published on 29 August 2019

2

"Board"

"Company"

the board of directors of the Company

Samson Holding Ltd., a company incorporated in the Cayman Islands with limited liability, the issued shares of which are listed on the Stock Exchange (stock code: 00531)

"Group"

"Mandate Agreement"

the Company and its subsidiaries

The mandate agreement entered into on 26 July 2018 between SIE and UBP pursuant to which SIE invested US$150 million into the Sub-Fund set up by UBP

"SIE"	Samson International Enterprises Limited, a wholly-owned subsidiary
	of the Company
"Stock Exchange"	The Stock Exchange of Hong Kong Limited
"Sub-Fund"	"UBP Dedicated SICAV-SIF - Global Portfolio Series 1", a dedicated
	investment vehicle set up by UBP in the form of a sub-fund in the
	Umbrella Fund
"Umbrella Fund"	"UBP Dedicated SICAV-SIF", a limited liability investment company
	with variable capital set up for an unlimited duration under the laws of
	Luxembourg by UBP
"UBP"	Union Bancaire Privée UBP SA
"United States"	the United States of America
"US$"	United States dollars, the lawful currency of the United States
"%"	per cent.

The above additional information does not affect other information contained in the 2018 Annual Report and 2019 Interim Report, and save as disclosed in this announcement, all other information contained in the 2018 Annual Report and 2019 Interim Report remains unchanged.

For and on behalf of the Board

Samson Holding Ltd.

Shan Huei KUO

Chairman

23 December 2019

As at the date of this announcement, Mr. Shan Huei KUO (Chairman), Ms. Yi-Mei LIU and Mr. Mohamad AMINOZZAKERI are the executive directors of the Company; Mr. Sheng Hsiung PAN is the non-executive director of the Company; and Mr. Ming-Jian KUO, Mr. Siu Ki LAU and Mr. Sui-Yu WU are the independent non-executive directors of the Company.

• For identification purposes only

3