The board of directors of Far East Consortium International Limited (SEHK:35) wishes to inform the shareholders and potential investors of the Company that the Company is considering a potential spin-off and separate listing on the Stock Exchange (the "Potential Spin-off") of the Group's Czech gaming business (comprising the Group's three casinos and one ancillary hotel in Czechia) and German and Austrian hotel business (comprising the Group's three hotels in Germany and one hotel in Austria) which are currently held by Trans World Hotels & Entertainment, a.s., an indirect non-wholly owned subsidiary of the Company. In connection with the Potential Spin-off, the Company has submitted a proposal to the Stock Exchange pursuant to Practice Note 15 of the Listing Rules, and the Stock Exchange has agreed that the Company may proceed with the Potential Spin-off. The Potential Spin-off, if materialised, may constitute a notifiable transaction of the Company under Chapter 14 of the Listing Rules.

As at the date of this announcement, the details of the Potential Spin-off have yet to be finalised. The Company will comply with the relevant Listing Rules requirements and make further announcement(s) in connection with the Potential Spin-off as and when appropriate or required in accordance with the requirements of the Listing Rules. Holders of securities and potential investors of the Company should note that the Potential Spin-off is at a preliminary stage and is subject to, among others, approvals from the relevant regulatory authorities, market conditions and the final decision of the Board.

There is no assurance that the Potential Spin-off will proceed or as to when it may take place. Holders of securities and potential investors of the Company are reminded to exercise caution when dealing in the securities of the Company.