Shenzhou International : VOLUNTARY ANNOUNCEMENT - CONSTRUCTION OF NEW PRODUCTION FACILITY IN VIETNAM

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SHENZHOU INTERNATIONAL GROUP HOLDINGS LIMITED

（申 洲 國 際 集 團 控 股 有 限 公 司 * ）

(Incorporated in the Cayman Islands with limited liability)

(Stock Code: 2313)

VOLUNTARY ANNOUNCEMENT -

CONSTRUCTION OF NEW PRODUCTION FACILITY

IN VIETNAM

The board (hereinafter referred to as the "Board") of directors of Shenzhou International Group Holdings Limited (hereinafter referred to as the "Company", together with its subsidiaries, the "Group") is pleased to announce that the Group intends to build a new production facility for Adidas in Vietnam.

The Group will invest approximately USD100,000,000 to build in Vietnam an Adidas- dedicated garment production facility. The groundbreaking ceremony took place on 15 October 2019. The new garment production facility is expected to gradually commence operations in 2021. The Board believes that the construction of a garment production facility in Vietnam will diversify the Group's production bases, alleviate production capacity constraint experienced by the Group and provide flexibility in light of the increasingly complex global trade environment. The Board is therefore of the view that the construction of the new production facility will be beneficial to its customers, the Group and its shareholders as a whole.

By Order of the Board

Shenzhou International Group Holdings Limited

Ma Jianrong

Chairman

Ningbo, PRC, 17 October 2019

As at the date of this announcement, the five executive directors of the Company are Mr. Ma Jianrong, Mr. Huang Guanlin, Mr. Ma Renhe, Mr. Wang Cunbo and Ms. Chen Zhifen; and the four independent non-executive directors are Mr. Chen Xu, Mr. Jiang Xianpin, Mr. Qiu Weiguo and Mr. Zhang Bingsheng.

• for identification purposes only