Symphony Holdings LimitedHKEX: 1223

Voluntary announcement in relation to the opening of anyang cits park outlets

· 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)

VOLUNTARY ANNOUNCEMENT IN RELATION TO THE OPENING OF ANYANG CITS PARK OUTLETS

This announcement is made by Symphony Holdings Limited ("the Company") on a voluntary basis to inform shareholders and potential investors of the Company of its latest business development.

The board of directors of the Company ("the Board") is pleased to announce that on 23rd September 2017, Anyang CITS Park Outlets, a landmark shopping mall co-developed by the Company and CITS Group Corporation, opened for business to a huge anticipating crowd.

The new shopping mall is the first phase of the exciting 120,000 square metres "CITS Anyang City co-development" is a fifteen minutes drive from the centre of Anyang City, an ancient Chinese capital and now a popular historic-tourism destination in Henan Province. Anyang City is located at the interchange between Shanxi, Hebei, Henan Provinces, a prominent city between Shijiazhuang and Zhengzhou, accessible through the Beijing-Guangzhou railway, the Beijing-Guangzhou high-speed railway and the Beijing- Hong Kong-Macao Expressway. Target customers of the outlets will include not only Anyang residents but also those from the eight key neighboring cities.

With over 100 leading international and local brands plus a wide selection of dining and entertaining facilities, spreading over 48,000 square metres of customer-friendly and well designed shopping area, local as well as visiting patrons can enjoy a full day of world class retailtainment within one stop.

* For identification purpose only

In addition to Shenyang Park Outlets and Tianjin Tuanbo Park Outlets, Anyang CITS Park Outlets is the third Park Outlets project of the Company, to be followed by Xiamen Park Outlets scheduled to be opened in 2018.

The opening of Anyang CITS represents another milestone for the Company towards establishing a nationwide network of premium retail outlets. The Company currently also manages modern community malls in Chongqing and Tianjin thus catering for a wide range of consumer needs.

By order of the Board

Symphony Holdings Limited

Cheng Tun Nei

Chairman

Hong Kong, 27 September 2017

As at the date of this announcement, the directors of the Company are:

Executive Directors:

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

Mr. Chan Kar Lee Gary Mr. Hong Kim Cheong

Independent non-executive Directors:

Mr. Shum Pui Kay

Mr. Wah Wang Kei Jackie Mr. Chow Yu Chun Alexander