Value Convergence Holdings Limited — Earnings Release 2017

Jul 19, 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.

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Value Convergence Holdings Limited

(Incorporated in Hong Kong with limited liability)

Website: http://www.vcgroup.com.hk (Stock Code: 821)

PROFIT WARNING

The Board wishes to inform the Shareholders and potential investors that based on a preliminary review of the Group’s unaudited consolidated management accounts for the six months ended 30 June 2017 and information currently available to the Board, the Group is expected to record a decrease in the unaudited consolidated loss attributable to shareholders for the six months ended 30 June 2017 as compared to the same period in 2016.

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

This announcement is made by Value Convergence Holdings Limited (the “ Company ”, together with its subsidiaries, the “ Group ”) pursuant to the provisions of inside information under Part XIVA of the Securities and Futures Ordinance (Chapter 571) of the Laws of Hong Kong and Rule 13.09(2) of the Rules Governing the Listing of Securities on The Stock Exchange of Hong Kong Limited.

The board (the “ Board ”) of directors (the “ Directors ”) of the Company wishes to inform the shareholders of the Company (the “ Shareholders ”) and potential investors that based on a preliminary review of the Group’s unaudited consolidated management accounts for the six months ended 30 June 2017 and information currently available to the Board, the Group is expected to record a decrease in the unaudited consolidated loss attributable to shareholders for the six months ended 30 June 2017 as compared to the same period in 2016. The decrease was mainly attributable to the increase in the net profit from the Group’s proprietary investment trading business and the recognition of the reversal of impairment loss on the

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client receivables from the Group’s money lending services, which was partially set-off by the increase in corporate operating expenses incurred for the Group’s business development.

The profit warning announcement is only a preliminary assessment by the Board based on the information currently available subject to finalization and necessary adjustments. The Company is in process of finalizing the Group’s results for the six months ended 30 June 2017. Shareholders and potential investors are advised to read carefully the interim results announcement of the Company for the six month ended 30 June 2017, which is expected to be announced at the end of August 2017.

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

By order of the board of Value Convergence Holdings Limited Tin Ka Pak, Timmy Chief Executive Officer & Executive Director

Hong Kong, 19 July 2017

As at the date of this announcement, the Board comprises four Executive Directors, namely, Mr. Tin Ka Pak, Timmy (Chief Executive Officer), Mr. Lin Hoi Kwong, Aristo, Mr. Xie Jintai and Mr. Chung Chi Shing, Eric; and three Independent Non-executive Directors, namely, Mr. Wong Chung Kin, Quentin, Mr. Wong Kam Choi, Kerry, MH and Mr. Siu Miu Man, Simon.

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