L.K. Technology Holdings Limited — Capital/Financing Update 2018

Feb 5, 2018

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.

==> picture [51 x 51] intentionally omitted <==

力勁科技集團有限公司

L.K. Technology Holdings Limited

(Incorporated in the Cayman Islands with limited liability)

(Stock code: 558)

DISCLOSURE PURSUANT TO RULE 13.18 OF THE LISTING RULES

This announcement is made by the Company pursuant to Rule 13.18 of the Listing Rules.

On 5 February 2018, LKM, a wholly-owned subsidiary of the Company as borrower, and the Company as a guarantor, entered into the Facility Agreement with the Lenders. The Facility Agreement imposes certain covenants relating to specific performance of the controlling shareholder of the Company.

This announcement is made by L.K. Technology Holdings Limited (the “Company”) pursuant to Rule 13.18 of the Rules Governing the Listing of Securities on The Stock Exchange of Hong Kong Limited (the “Listing Rules”).

On 5 February 2018, L.K. Machinery Company Limited (“LKM”) as borrower, and the Company as a guarantor, entered into a facility agreement with a group of banks (the “Lenders”) for a three-year term loan facilities of up to HK$372,000,000 and US$16,450,000 (the “Facility Agreement”). The Facility Agreement imposes certain covenants relating to specific performance of the controlling shareholder of the Company.

The Facility Agreement provides that it would constitute an event of default under the Facility Agreement if (i) Mr. Liu Siong Song (a controlling shareholder of the Company held as to approximately 62% of equity interests in the Company as at the date of the Facility Agreement) and his family (the “Major Shareholders”) collectively do not or cease to own, directly or indirectly, at least 40% of the beneficial interest in the Company, carrying at least 40% of the voting right, free from any security; (ii) the Major Shareholders collectively are not or cease to be the single largest shareholder of the Company; (iii) the Major Shareholders collectively do not or cease to have control over the board of directors of the Company; and (iv) Ms. Chong Siw Yin (spouse of Mr. Liu Siong Song) is not or ceases to be the Chairman of the Company.

• 1 -

On and at any time after the occurrence of an event of default under the Facility Agreement which is continuing, the Lenders may declare any commitment under the Facility Agreement to be cancelled and/or declare all outstanding amounts together with interest accrued thereon and all other amounts payable under the Facility Agreement to be immediately due and payable.

The Company will make continuing disclosure pursuant to Rule 13.21 of the Listing Rules in subsequent interim and annual reports for so long as circumstances giving rise to the relevant obligation continues to exist.

By order of the Board L.K. Technology Holdings Limited Wong Kin Ming Company Secretary

Hong Kong, 5 February 2018

As at the date of this announcement, the executive Directors are Ms. Chong Siw Yin, Mr. Liu Zhuo Ming, Mr. Tse Siu Sze and Mr. Wang Xinliang; the non-executive Director is Ms. Han Jie and the independent non-executive Directors are Dr. Low Seow Chay, Dr. Lui Ming Wah, SBS, JP, and Mr. Tsang Yiu Keung, Paul.

• 2 -