Symphony Holdings LimitedHKEX: 1223

Completion of discloseable transaction in relation to the disposal of 100% equity interests in target companies

· Issued by Symphony Holdings Limited

Hong Kong Exchanges and Clearing Limited and The Stock Exchange of Hong Kong Limited 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.

新灃集團有限公司*

(Incorporated in Bermuda with limited liability)

(Stock Code: 01223)

(Warrant Code: 01537)

COMPLETION OF DISCLOSEABLE TRANSACTION

IN RELATION TO

THE DISPOSAL OF 100% EQUITY INTERESTS

IN TARGET COMPANIES

Reference is made to the announcement of the Company dated 4 April and 2 May 2018 respectively in relation to the disposal of 100% equity interests in the Target Companies (the "Announcements"). Capitalised terms used in this announcement shall bear the same meanings as those defined in the Announcements unless the context requires otherwise.

The Company is pleased to announce that the transfer of the Sale Shares to the Purchaser has been completed on 29 August 2018 ("Completion Date"). With effect from the Completion Date, the Target Companies will cease to be subsidiaries of the Company.

By order of the Board

Symphony Holdings Limited

Cheng Tun Nei

Chairman

Hong Kong, 29 August 2018

As at the date of this announcement, the Directors are:

Executive Directors:

Mr. Cheng Tun Nei (Chairman & Chief Executive Officer)

Mr. Chan Kar Lee Gary

Independent non-executive

Mr. Shum Pui Kay

Directors:

Mr. Wah Wang Kei Jackie

Mr. Chow Yu Chun Alexander

* For identification purpose only