ISP Holdings Limited — Capital/Financing Update 2017

Jun 6, 2017

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.

This announcement appears for information purpose only and does not constitute an invitation or offer to acquire, purchase or subscribe for the securities of the Company.

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SYNERGIS HOLDINGS LIMITED 新昌管理集團有限公司[*]

(Incorporated in Bermuda with limited liability)

(Stock Code: 02340)

SUPPLEMENTAL ANNOUNCEMENT IN RESPECT OF PLACING OF NEW SHARES UNDER GENERAL MANDATE

References are made to the announcements of Synergis Holdings Limited (the “ Company ”) dated 14 May 2017 and 26 May 2017 (the “ Announcements ”) in relation to the Placing under General Mandate. Unless otherwise stated, terms used herein shall have the same meanings as those defined in the Announcements.

The purpose of the Placing which will (if the maximum number of Placing Shares are issued) raise approximately HK$73.9 million after expenses is to provide adequate buffer for the Group’s working capital requirements in case that HK$75.3 million outstanding receivables due from Hsin Chong Group Holdings Limited under its settlement agreement with the Group is not received before the end of July 2017 and after taking into account expected operating cash inflow, available banking and other facilities and its obligation to repay in November 2017 the term loan (of approximately HK$72 million outstanding principal amount as at 31 May 2017) that was taken out for the acquisition of the Interior and Special Projects (“ ISP ”) division in 2012. The Group’s working capital requirements include operating overheads and the upfront cash outlay (before receipt of payments for certified works carried out) in respect of projects on hand and new projects that may be awarded in the ISP division. As the ISP division operates on a projects basis, such that works schedule, payments cycles and availability of the new projects for tendering are not entirely within the control of the Group, the Group closely manages its cash flow position to ensure that there is adequate cash buffer to support new projects if awarded.

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The net proceeds from the Placing is intended to be used as general working capital of the Group as mentioned above.

By order of the Board Synergis Holdings Limited Kingston Chu Chun Ho Executive Director and Chairman

Hong Kong, 6 June 2017

As at the date of this announcement, the Board comprises Mr. Kingston Chu Chun Ho (Chairman), and Mr. Terence Leung Siu Cheong (Deputy Chairman and Managing Director) as Executive Directors; and Mr. Stephen Ip Shu Kwan, Mr. Kan Fook Yee, Mr. Wong Tsan Kwong and Mr. David Yu Hon To as Independent Non-executive Directors.

• for identification purposes only

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