09:25     FINET GROUP LIMITED<08317> - Announcement (1)                       

    The Stock Exchange of Hong Kong Limited (the "Stock Exchange")            
    and Hong Kong Securities Clearing Company Limited ("HKSCC")               
    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 offer to acquire, purchase or             
    subscribe for securities.                                                 
                                                                              
    FINET GROUP LIMITED                                                       
    (incorporated in the Cayman Islands with limited liability)               
                                                                              
    LISTING ON THE GROWTH ENTERPRISE MARKET                                   
    OF THE STOCK EXCHANGE OF HONG KONG LIMITED                                
    BY WAY OF PLACING                                                         
                                                                              
    Number of Placing Shares   :   128,000,000 Shares comprising              
    115,200,000                                                               
    New Shares and 12,800,000 Sale Shares                                     
    Placing Price   :   HK$0.25 per Placing Share                             
    Nominal Value   :   HK$0.01 each                                          
    Stock Code   :   8317                                                     
                                                                              
    Sponsor                                                                   
                                                                              
    Hantec Capital Limited                                                    
                                                                              
    Bookrunner and Lead Manager                                               
                                                                              
    Hantec International Finance Group Limited                                
                                                                              
    Underwriters                                                              
    Taiwan Securities (Hong Kong) Company Limited                             
    FB Gemini Securities Limited                                              
    Okasan International (Asia) Limited                                       
                                                                              
    Financial Adviser                                                         
    Japan Asia Capital Limited                                                
                                                                              
    *   The Placing Price has been fixed at HK$0.25 per Share,                
    excluding brokerage of 1%, Stock Exchange trading fee of                  
    0.005%, SFC transaction levy of 0.005% and SFC investor                   
    compensation levy of 0.002%.                                              
                                                                              
    *   The Directors announce that the total number of                       
    128,000,000 Placing Shares initially available for                        
    subscription under the Placing have been fully subscribed and             
    were conditionally allocated to 140 professional,                         
    institutional and individual investors.                                   
                                                                              
    *   Of the 128,000,000 Placing Shares, 1,000,000 Shares,                  
    representing approximately 0.78% of the total Placing Shares              
    and approximately 0.20% of the enlarged issued share capital              
    of the Company upon completion of the Placing and the                     
    Capitalisation Issue, have been allotted to Okasan                        
    International (Asia) Limited, one of the Underwriters of the              
    Placing. 2,560,000 Placing Shares, representing approximately             
    2% of the total Placing Shares and approximately 0.52% of the             
    enlarged issued share capital of the Company upon completion              
    of the Placing and the Capitalisation Issue, have been                    
    allotted to FB Gemini Securities Limited, one of the                      
    Underwriters of the Placing. In addition, 17,310,000 Shares,              
    representing approximately 13.52% of the total Placing Shares             
    and approximately 3.51% of the enlarged issued share capital              
    of the Company upon completion of the Placing and the                     
    Capitalisation Issue, have been allotted to Ms. Hu Jwo Jun, a             
    director and a substantial shareholder of #                               
     (Fulland Securities Consultant Company Limited*), being                  
    a fellow subsidiary of Hantec Capital Limited and Hantec                  
    International Finance Group Limited. Save as disclosed above,             
    the Company confirms that Okasan International (Asia) Limited,            
    FB Gemini Securities Limited and Ms. Hu Jwo Jun do not have               
    any other equity interest in the Company. Save as disclosed               
    above, all other placees are independent of and not connected             
    with any of the Directors, chief executive, substantial                   
    Shareholders and Initial Management Shareholders or any of                
    their respective associates or any person or group of persons             
    as referred to in Rule 10.12(4) of the GEM Listing Rules.                 
                                                                              
    *   Immediately after the completion of the Placing and the               
    Capitalisation Issue, the public float of the Company will be             
    approximately 25.92% of the enlarged issued share capital of              
    the Company.