Profit warning

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GREEN LEADER HOLDINGS GROUP LIMITED

綠 領 控 股 集 團 有 限 公 司

(Incorporated in Bermuda with limited liability)

(Stock Code: 61)

PROFIT WARNING

This announcement is made by Green Leader Holdings Group Limited (the "Company", together with its subsidiaries as the "Group") pursuant to Rule 13.09 of the Rules Governing the Listing of Securities on The Stock Exchange of Hong Kong Limited (the "Listing Rules") and the Inside Information Provisions (as defined in the Listing Rules) under Part XIVA of the Securities and Futures Ordinance (Chapter 571 of the Laws of Hong Kong).

The board of directors (the "Board") of the Company wishes to inform the Company's shareholders (the "Shareholders") and potential investors that, based on the information currently available to the Board and the preliminary review of the unaudited consolidated management accounts of the Group for the six months ended 30 June 2019 (the "2019 Interim"), the Group is expected to record a loss attributable to owners of the Company for the 2019 Interim not less than HK$300 million as compared to the profit attributable to owners of the Company of approximately HK$102 million for the corresponding period in 2018 (the "2018 Interim").

The expected turnaround to loss attributable to owners of the Company for the 2019 Interim was mainly attributable to the combined effects of the following factors:

1. the decrease in revenue for the 2019 Interim compared to 2018 Interim, mainly from the mining operation;
2. the increase in impairment loss in respect of mining rights and property, plant and equipment for the 2019 Interim compared to 2018 Interim; and
3. the change in fair value of derivative component of convertible loan noted in 2019 Interim compared to 2018 Interim.

As at the date of this announcement, the Group is still in the process of finalising its results for the 2019 Interim. The information contained herein is only based on a preliminary assessment of the information currently available to the Company's management and such information has not been confirmed and reviewed by the audit committee of the Board and has not been audited and reviewed by the Company's auditors. Shareholders and potential investors are advised to read carefully the Group's results announcement for the 2019 Interim, which is expected to be published in late August 2019.

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Shareholders and potential investors are advised to exercise caution when dealing in the shares and/or securities of the Company.

By the order of the Board of

Green Leader Holdings Group Limited

Ms. Zhu Zheyu

Chairman

Hong Kong, 14 August 2019

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