SITC International : NOTICE OF BOARD MEETING AND PROPOSED DECLARATION OF A SPECIAL DIVIDEND

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SITC International Holdings Company Limited

(Incorporated in the Cayman Islands with limited liability)

(Stock Code: 1308)

NOTICE OF BOARD MEETING

AND

PROPOSED DECLARATION OF A SPECIAL DIVIDEND

The board of directors (the "Board") of SITC International Holdings Company Limited (the "Company") hereby announces that a meeting of the Board will be held on Friday, 20 December 2019 for the purpose of considering and approving the declaration of a special dividend (the "Special Dividend") and transacting any other business (if any).

The Company will make a further announcement after the meeting of the Board to set out the details of the Special Dividend, if approved by the Board.

As the proposed Special Dividend may or may not be approved by the Board at the meeting of the Board, shareholders and potential investors of the Company are advised to exercise caution in dealing in the securities of the Company.

By order of the Board

SITC International Holdings Company Limited

Yang Shaopeng

Chairman

Hong Kong, 10 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.