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.

YORKEY OPTICAL INTERNATIONAL (CAYMAN) LTD.

精熙國際（開曼）有限公司*

(Incorporated in the Cayman Islands with limited liability)

(Stock Code: 2788)

VOLUNTARY ANNOUNCEMENT UPDATES ON THE EMPLOYEES' TRUST

This announcement is made by Yorkey Optical International (Cayman) Ltd. (the "Company") on a voluntary basis to keep the shareholders and potential investors of the Company informed of the update of the latest development of the Company and its subsidiaries (the "Group").

Reference is made to the sub-section headed "Directors, senior management and staff - The Yorkey Employees' Trust" of the prospectus of the Company dated 26 January 2006 (the "Prospectus"). Unless otherwise specified, terms used herein shall have the same meaning as those defined in the Prospectus. To provide for incentives and reward to the Eligible Participants who have contributed to the growth and development of the Group, the Group had, through Fortune Lands, established The Yorkey Employees' Trust, a discretionary trust established to hold the Shares owned by Fortune Lands as trustee for the benefit of the Eligible Participants pursuant to the terms and conditions of the Trust Deed.

Since the Trust Deed has expired on 19 January 2016, in order to continue to grant benefit to those employees who have contributed to the growth and development of the Group, Fortune Lands, as the trustee of the Trust, is currently in the course of setting up a new employees' trust and preparing the relevant legal documents including but not limited to the new Trust Deed. The Company will publish an update announcement upon completion of the establishment of a new employees' trust.

Furthermore, two directors of Fortune Lands, each of Mr. Wang Yi-Chi and Mr. Lin Meng-Tsung, who was appointed in March 2013 and June 2017 respectively, has tendered his resignation from the position of director of Fortune Lands in October 2017. Thereafter, Fortune Lands has, in January 2018, appointed Ms. Hsieh Hsiu-Min and Mr. Liu Chien-Chih, who are independent third parties from the Group, as its directors.

By order of the Board

YORKEY OPTICAL INTERNATIONAL (CAYMAN) LTD.

Kurihara Toshihiko

Executive Director and Chief Executive Officer

Hong Kong, 26 January 2018

As at the date of this announcement, the Board comprises two executive Directors, namely, Mr. Lai I-Jen and Mr. Kurihara Toshihiko, one non-executive Director, namely, Ms. Wu Shu-Ping, and three independent non-executive Directors, namely, Mr. Wang Yi-Chi, Mr. Lin Meng-Tsung and Mr. Liu Wei-Li.

* For identification purpose only

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Yorkey Optical International (Cayman) Ltd. published this content on 26 January 2018 and is solely responsible for the information contained herein.
Distributed by Public, unedited and unaltered, on 26 January 2018 09:09:09 UTC.

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