Tenfu Cayman : VOLUNTARY ANNOUNCEMENT COMPLIANCE OF TAIWAN/MAINLAND INVESTMENT REGULATIONS BY TAIWAN SHAREHOLDERS

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Tenfu (Cayman) Holdings Company Limited

天福（開曼）控股有限公司

(Incorporated in the Cayman Islands with limited liability)

(Stock Code: 6868)

VOLUNTARY ANNOUNCEMENT

COMPLIANCE OF TAIWAN/MAINLAND INVESTMENT REGULATIONS BY

TAIWAN SHAREHOLDERS

Reference is made to the prospectus of Tenfu (Cayman) Holdings Company Limited (the "Company") dated 14 September 2011 (the "Prospectus") and the announcements of the Company dated 11 April 2014, 25 July 2014, 7 January 2015, 3 July 2015, 7 January 2016, 5 July 2016, 5 January 2017, 4 July 2017, 8 January 2018, 10 August 2018 and 9 January 2019, respectively, in respect of direct or indirect investments through companies under its control made by a Taiwanese investor (including individuals and enterprises) in the People's Republic of China (the "PRC") to get approval of the Taiwan Investment Commission. Capitalised terms used in this announcement shall have the same meanings as those defined in the Prospectus unless stated otherwise.

According to the Taiwan/Mainland Investment Regulations, direct or indirect investments through companies under its control made by a Taiwanese investor (including individuals and enterprises) in the PRC are subject to the prior approval of the Taiwan Investment Commission. However, if the total cumulative investment amount represented by all Taiwanese investors in a single PRC entity does not exceed US$1 million, it is permitted to make a subsequent filing to the Taiwan Investment Commission within six months after the investment was made in such PRC enterprise.

As disclosed in the Prospectus, the Company has Taiwanese founding members, namely, Mr. Lee Rie-Ho, Mr. Tseng Ming-Sung and Mr. Lee Shih-Wei ("Taiwanese Founding Members") and a group of 81 Taiwanese original investors ("81 Taiwanese Original Investors") who are subject to the Taiwan/Mainland Investment Regulations mentioned above when the Company injects the proceeds from the listing of the shares of the Company on the main board of The Stock Exchange of Hong Kong Limited (the "Listing") to the PRC subsidiaries of the Company (the "PRC Subsidiaries").

During the six months commencing on 1 January 2019 to 30 June 2019, there was no injection of proceeds from Listing to the PRC Subsidiaries by the Company. The Company is pleased to announce the full compliance of the Taiwan/Mainland Investment Regulations mentioned above for the six month commencing on 1 January 2019 to 30 June 2019.

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The Company will publish announcement every half a year after the end of each financial period to disclose whether the Taiwanese Founding Members and 81 Taiwanese Original Investors obtain relevant approvals from the Taiwan Investment Commission in respect to the injection of proceeds from Listing. The Company will continue to use best endeavors to communicate with the existing Taiwanese investors with respect to the filing or reporting obligations as required by the Taiwan Investment Commission as and when required.

By order of the Board

Tenfu (Cayman) Holdings Company Limited

Lee Chia Ling

Director

Hong Kong, 3 July 2019

As at the date of this announcement, the executive Directors are Mr. Lee Rie-Ho, Mr. Lee Shih-Wei, Mr. Lee Chia Ling and Mr. Lee Kuo-Lin; the non-executive Directors are Mr. Tseng Ming-Sung and Ms. Li Jie; and the independent non-executive Directors are Mr. Lo Wah Wai, Mr. Lee Kwan Hung and Mr. Fan Ren Da, Anthony.

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