Min Xin : INSIDE INFORMATION CESSATION OF THE BUSINESS OF TRADING IN MOTOR VEHICLES

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MIN XIN HOLDINGS LIMITED 閩信集團有限公司

(Incorporated in Hong Kong with limited liability)

(Stock Code: 222)

INSIDE INFORMATION

CESSATION OF THE BUSINESS OF TRADING IN MOTOR

VEHICLES

This announcement is made by Min Xin Holdings Limited (the "Company", together with its subsidiaries, the "Group") pursuant to Rule 13.09 of the Rules Governing the Listing of Securities on The Stock Exchange of Hong Kong Limited (the "Listing Rules") and the Inside Information Provisions (as defined in the Listing Rules) under Part XIVA of the Securities and Futures Ordinance (Cap. 571, Laws of Hong Kong).

The Company wishes to inform its shareholders that the Group has begun the process to wind down its business of trading in motor vehicles. As at 31 December 2018, the Group has 26 motor vehicles remaining in its inventory. Upon the sale of such remaining motor vehicles, the Group shall cease to carry on its business of trading in motor vehicles.

Based on the information currently available, the board of directors of the Company (the "Board") is of the view that while the cessation of the business of trading in motor vehicles will result in a reduction in the revenue of the Group generated from such business, the cessation of such business would not have any material adverse effect on the operating results or the financial position of the Group. The Group will utilize its resources on other principal businesses as well as other potential new businesses as the Board may consider appropriate from time to time.

Investors and shareholders of the Company are advised to exercise caution when dealing in the shares of the Company.

By Order of the Board Min Xin Holdings Limited

CHEN Yu

Executive Director and General Manager

Hong Kong, 9 January 2019

As at the date of this announcement, the executive Directors of the Company are Messrs. YAN Zheng (Chairman), WANG Fei (Vice Chairman) and CHEN Yu; the non-executive Directors are Messrs. YANG Jingchao and HON Hau Chit; the independent non-executive Directors are Messrs. IP Kai Ming, CHEUNG Man Hoi and LEUNG Chong Shun.