08:52     SUNGREEN INTERNATIONAL HOLDINGS LIMITED<08306> - Ann (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.                                                           
                                                                              
    Sungreen International Holdings Limited                                   
    (incorporated in Bermuda 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 : 20,000,000 Shares                              
    Offer Price : HK$2.50 per Share                                           
    Nominal value : HK$0.01 each                                              
    Stock code : 8306                                                         
                                                                              
    Sponsor                                                                   
    Hantec Capital Limited                                                    
                                                                              
    Financial adviser to the Company                                          
    Kingsway Capital Limited                                                  
                                                                              
    .   The Directors announce that the total number of 20,000,000            
    Placing Shares initially available for subscription under the Placing     
    were fully subscribed and were conditionally allocated to 129             
    professional, institutional and individual investors.                     
                                                                              
    .   The Offer Price is HK$2.50 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%.                             
                                                                              
    .   Of the 20,000,000 Placing Shares, 10,000 Shares, representing         
    approximately 0.05% of the total Placing Shares and approximately         
    0.01% of the enlarged issued share capital of the Company upon            
    completion of the Placing, the Capitalisation Issue and the               
    Conversion Issue, have been conditionally allocated to Ping An            
    Securities Limited, one of the Underwriters of the Placing. Save as       
    disclosed above, the Company confirms that Ping An Securities Limited     
    does 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 of the Company, its      
    subsidiaries, 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.