SITC International : DECLARATION AND PAYMENT OF A SPECIAL DIVIDEND AND CLOSURE OF REGISTER OF MEMBERS

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.

SITC International Holdings Company Limited

(Incorporated in the Cayman Islands with limited liability)

(Stock Code: 1308)

DECLARATION AND PAYMENT OF A SPECIAL DIVIDEND AND

CLOSURE OF REGISTER OF MEMBERS

Reference is made to the announcement of SITC International Holdings Company Limited (the "Company") dated 10 December 2019 in relation to the notice of meeting of the board of directors of the Company (the "Board") regarding the proposal to approve the declaration of a special dividend (the "Special Dividend").

The Board is pleased to announce that, taking into consideration of the Company's result performance and cash flow position, it has resolved the declaration and payment of the Special Dividend of HK30 cents (equivalent to US3.83 cents) per ordinary share of the Company to be payable to the shareholders of the Company whose names appear on the Company's register of members at the close of business on Monday, 13 January 2020. It is expected that the Special Dividend will be distributed on Thursday, 23 January 2020.

For the purpose of determining the entitlement of the Special Dividend, the register of members of the Company will be closed from Thursday, 9 January 2020 to Monday, 13 January 2020 (both days inclusive), during which period no transfer of shares of the Company will be registered. In order to be qualified for the Special Dividend, unregistered holders of shares of the Company should ensure all share transfer documents accompanied by the relevant share certificates are lodged with the Company's branch share registrar in Hong Kong, Computershare Hong Kong Investor Services Ltd., at Shops 1712-1716, 17/F, Hopewell Centre, 183 Queen's Road East, Wanchai, Hong Kong for registration not later than 4:30 p.m. on Wednesday, 8 January 2020.

- 1 -

In addition, the Company would like to draw to the attention of the shareholders that the declaration and payment of the Special Dividend is consistent with the Group's dividend policy, and the Company may consider to continue declare and pay dividend in the future in line with its dividend policy.

By Order of the Board

SITC International Holdings Company Limited

Yang Shaopeng

Chairman

Hong Kong, 20 December 2019

As at the date of this announcement, the executive directors of the Company are Mr. Yang Shaopeng, Mr. Yang Xianxiang, Mr. Liu Kecheng, Mr. Xue Peng, Mr. Xue Mingyuan and Mr. Lai Zhiyong; and the independent non-executive directors of the Company are Mr. Tsui Yung Kwok, Mr. Yeung Kwok On, Dr. Lo Wing Yan, William and Dr. Ngai Wai Fung.

- 2 -