Tesson Holdings Ltd.HKEX: 1201

Voluntary announcement - change of substantial shareholder

· Issued by Tesson Holdings Ltd.

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.

TESSON HOLDINGS LIMITED

天臣控股有限公司

(Incorporated in Bermuda with limited liability)

(Stock code: 1201)

VOLUNTARY ANNOUNCEMENT

CHANGE OF SUBSTANTIAL SHAREHOLDER

This is a voluntary announcement made by Tesson Holdings Limited (the "Company", together with its subsidiary, the "Group").

With reference to the disclosure of interests filings dated 20 December 2019 made by Lankai Limited pursuant to Part XV of the Securities and Futures Ordinance (Chapter 571 of the Laws of Hong Kong), it has come to the board (the "Board") of directors (the "Directors") of the Company's knowledge that on 19 December 2019, 100,000,000 shares of the Company (the "Shares") held by Lankai Limited, representing 8.36% of the entire issued share capital of the Company, were transferred (the "Transfer") to the independent third parties. Immediately after the Transfer and as at the date of this announcement, Lankai Limited ceased to hold any shareholding in the Company and as a result, ceased to be a substantial shareholder of the Company.

The Company does not expect that the Transfer will have any adverse effect on the operations of the Group.

Shareholders of the Company and potential investors of the Company are advised to exercise caution when dealing in the Shares.

By order of the Board

Tesson Holdings Limited

Tin Kong

Chairman

Hong Kong, 2 January 2020

As at the date of this announcement, the Board comprises Mr. Tin Kong, Ms. Cheng Hung Mui, Mr. Chen Dekun and Mr. Sheng Siguang as executive Directors; and Dr. Ng Ka Wing, Mr. See Tak Wah and Mr. Wang Jinlin, as independent non-executive Directors.