10:03     GOLDEN RESORTS<01031> - Announcement (1)                            

    The Stock Exchange of Hong Kong Limited takes no                          
    responsibility for the contents of this announcement,                     
    makes no representation as to its accuracy or                             
    completeness and expressly disclaims any liability                        
    whatsoever for any loss howsoever arising from or in                      
    reliance upon the whole or any part of the contents                       
    of this announcement.                                                     
                                                                              
                                                                              
    Golden Resorts Group Limited                                              
    (formerly known as Medtech Group Company Limited(*))                      
    (Incorporated in Bermuda with limited liability)                          
    (Stock Code: 1031)                                                        
                                                                              
                                                                              
    PROPOSAL FOR SHARE CONSOLIDATION                                          
    AND CHANGE IN BOARD LOT SIZE                                              
                                                                              
    Financial adviser to Golden Resorts Group Limited                         
                                                                              
    Kingston Corporate Finance Limited                                        
                                                                              
    The Board proposes to seek approval from the                              
    Shareholders to effect the Share Consolidation                            
    involving consolidation of every 10 Existing Shares                       
    (issued and unissued) into 1 Consolidated Share and                       
    to change the board lot size for trading on the Stock                     
    Exchange from 100,000 Existing Shares to 2,000                            
    Consolidated Shares upon the Share Consolidation                          
    taking effect.                                                            
                                                                              
    The Share Consolidation is subject to fulfillment of                      
    the conditions set out below.                                             
                                                                              
    SHARE CONSOLIDATION                                                       
                                                                              
    The Board proposes to seek approval from the                              
    Shareholders to effect the Share Consolidation                            
    involving consolidation of every 10 Existing Shares                       
    (issued and unissued) into 1 Consolidated Share.                          
                                                                              
    As at the date of this announcement, the authorised                       
    share capital of the Company is HK$300,000,000                            
    divided into 30,000,000,000 Existing Shares of which                      
    11,026,510,980 Existing Shares have been issued and                       
    are fully paid. As at the date of this announcement,                      
    the Company has outstanding Warrants convertible into                     
    800,000,000 Existing Shares, and Share Options in                         
    respect of 661,000,000 Existing Shares and has                            
    entered into agreement in respect of the Acquisition,                     
    pursuant to which 1,100,000,000 new Existing Shares                       
    will be issued by the Company upon completion. Based                      
    on the existing issued share capital of the Company                       
    and upon implementation of the Share Consolidation,                       
    the authorised share capital of the Company will                          
    remain at HK$300,000,000, but divided into                                
    3,000,000,000 Consolidated Shares (including issued                       
    and unissued) of HK$0.1 each. Assuming the full                           
    exercise of the conversion rights attached to the                         
    outstanding Warrants and Share Options prior to the                       
    implementation of the Share Consolidation and issue                       
    and allotment of the Acquisition Consideration Shares                     
    upon completion of the Acquisition, the Company will                      
    have 1,358,751,098 issued Consolidated Shares and                         
    1,641,248,902 unissued Consolidated Shares                                
    immediately after the Share Consolidation.                                
                                                                              
    The Existing Shares are currently traded in board lots                    
    of 100,000 Existing Shares. The Consolidated Shares                       
    will be traded in board lots of 2,000 Consolidated                        
    Shares such that the value of each board lot will be                      
    changed from HK$31,000 (before the Share                                  
    Consolidation) to HK$6,200 (after the Share                               
    Consolidation) based on the closing price of HK$0.31                      
    per Existing Share as quoted on the Stock