Hong Kong Exchanges and Clearing Limited, the Stock Exchange and Hong Kong Securities Clearing Company 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.

This announcement is for information purposes only and does not constitute an invitation or solicitation of an offer to acquire, purchase or subscribe for any securities of the Company.

Telecom Service One Holdings Limited 電訊首科控股有限公司

(Incorporated in the Cayman Islands with limited liability)

(Stock Code: 8145)

FURTHER ANNOUNCEMENT ON

THE PROPOSED TRANSFER OF LISTING FROM

THE GROWTH ENTERPRISE MARKET TO THE MAIN BOARD OF

THE STOCK EXCHANGE OF HONG KONG LIMITED

Financial adviser to the Company

Innovax Capital Limited

Reference is made to the announcement (the ''Announcement'') issued by Telecom Service One Holdings Limited (the ''Company'') dated 17 August 2017 in relation to the submission of the formal application (the ''Application'') to the Stock Exchange for the proposed transfer of listing of Shares from GEM to the Main Board under Chapter 9A of the Main Board Listing Rules. Terms used in this announcement shall have the same meanings as defined in the Announcement unless otherwise stated.

The Application was submitted to the Stock Exchange on 17 August 2017. As six months have passed since submission of the Application, the Application has lapsed on 16 February 2018. The Board takes the view that the lapse of the Application has no material adverse effect on the existing business operations and financial position of the Company and its subsidiaries.

On 20 February 2018, a re-submission of the Application under Chapter 9A of the Main Board Listing Rules has been made by the Company to the Stock Exchange.

Further announcement(s) will be made by the Company to keep the Shareholders and potential investors of the Company informed of the progress of the Proposed Transfer of Listing as and when appropriate.

Shareholders and potential investors of the Company should be aware that the implementation of the Proposed Transfer of Listing is subject to, among other things, the granting of the relevant approval and permission by the Stock Exchange. There is no assurance that approval and permission will be obtained from the Stock Exchange for the Proposed Transfer of Listing. Accordingly, the Proposed Transfer of Listing may or may not proceed. Shareholders and potential investors of the Company are advised to exercise caution when dealing in the Shares.

By Order of the Board

Telecom Service One Holdings Limited

Cheung King Shek

Chairman

Hong Kong, 20 February 2018

As at the date of this announcement, the chairman and non-executive Director is Mr. Cheung King Shek; the chief executive officer and executive Director is Mr. Cheung King Fung Sunny; the non-executive Directors are Mr. Cheung King Shan and Mr. Cheung King Chuen Bobby; and the independent non-executive Directors are Mr. Fong Ping, Ms. Kwok Yuen Man Marisa and Mr. Tso Ka Yi.

This announcement, for which the Directors collectively and individually accept full responsibility, includes particulars given in compliance with the GEM Listing Rules for the purpose of giving information with regard to the Company. The Directors, having made all reasonable enquiries, confirm that, to the best of their knowledge and belief the information contained in this announcement is accurate and complete in all material respects and not misleading or deceptive, and there are no other matters the omission of which would make any statement herein or this announcement misleading.

This announcement will remain on the "Latest Company Announcements" page on the GEM website atwww.hkgem.comfor at least 7 days from the date of its posting. This announcement will also be published on the Company's website atwww.tso.cc.

The English text of this announcement shall prevail over the Chinese text in case of inconsistencies.

Telecom Service One Holding Limited published this content on 20 February 2018 and is solely responsible for the information contained herein.
Distributed by Public, unedited and unaltered, on 20 February 2018 10:35:10 UTC.

Original documenthttp://www.tso.cc/eng/files/E08145_further_announcement-Transfer_to_MB.pdf

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