BHCC Holding Limited: Successfully Completed the Offering With Overwhelming Response
in Share Offer, Priced HK$0.50 per Share

(11 September, 2017, Hong Kong) BHCC Holding Limited ("BHCC", together with its subsidiaries, the "Group"), a Singapore-based main contractor in the provision of building and construction works, announced the allotment results of the Share Offer today. Unless otherwise defined, capitalised terms used herein shall have the same meanings as those defined in the prospectus of BHCC dated 29 August 2017 (the "Prospectus").

The demand for the Public Offer Shares was overwhelming, which amounted to approximately 550.8 times of the number of Public Offer Shares initially available under the Public Offer. The Offer Price was determined at HK$0.50. BHCC's Shares are expected to commence dealings on the Main Board of The Stock Exchange of Hong Kong on Tuesday, September 12, 2017, the stock code is 1552.

The Group offered 200,000,000 Offer Shares under the Share Offer, of which 100,000,000 Offer Shares for Placing (after reallocation), and 100,000,000 Offer Shares for the Public Offer (after reallocation). Based on the Offer Price of HK$0.50 per Offer Share, the net proceeds from the Share Offer to be received by the Company after deducting underwriting fees and estimated expenses in connection with the Share Offer, is estimated to be approximately HK$72.7million. The Group intends to use such net proceeds as follows:

(1) as to approximately 40.1% of the total estimated net proceeds for financing the acquisition of additional machinery and equipment to lower costs in the long-term;

(2) as to approximately 26.9% of the total estimated net proceeds for financing the start-up, operation and implementation costs for the prospective construction projects;

(3) as to approximately 17.9% of the total estimated net proceeds for expansion of workforce to support business expansion;

(4) as to approximately 10.3% of the total estimated net proceeds for investment in BIM and ERP syetem for improving productivity; and

(5) as to approximately 10.0% of the total estimated net proceeds for working capital and other general corporate purposes.

Vinco Capital Limited is the Sole Sponsor and is one of the Joint Lead Managers. Head & Shoulders Securities Limited and Wealth Link Securities Limited are appointed as the Joint Bookrunners and the Joint Lead Managers to the Share Offer.

Mr. Yang Xinping, Chairman and Executive Director of BHCC Holding Limited, said, "BHCC is a Singapore-based main contractor in the provision of building and construction works. Armed with solid track record, specialized in reinforcement concrete works, we established management system to ensure safety and quality over the years. BHCC strives for listing on the Main Board of the Stock Exchange of Hong Kong, in order to enhance the Group's capital funding, as well as its reputation to strengthen its market position in Singapore. The Group intends to expand its business to enhance its productivity and achieve sustainable business growth, driving towards new milestones."

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About BHCC Holding Limited
(Stock Code:1552)
BHCC is a main contractor in the provision of building and construction works in Singapore. It also specializes in reinforcement concrete works which it undertakes on a selected basis as a subcontractor. The Group has more than 13 years of experience in building and construction works for various types of buildings in both public and private sectors. The Group is actively involved as the main contractor in the Singapore Government projects such as educational institutions and public residential building projects, and also private residential, commercial and industrial buildings.