HONGKONG, CHINA - Media OutReach - 10January 2019 - Best Mart 360Holdings Limited ("Best Mart 360" or the "Company", together with itssubsidiaries, the "Group"; stock code: 2360.HK), the second largest leisurefood retailer in Hong Kong for the year ended 31 March 2018, is pleased to announcethe subscription results for its shares (the "Shares") under the public offer(the "Public Offer") and placing (the "Placing", collectively, the "Share Offer").The Shares under the Public Offer have been significantly over-subscribedby approximately 9.92 times. The offer priceper Share has been set at HK$1.0 per Share. Dealings inthe Shares on the Main Board of The Stock Exchange of Hong KongLimited ("SEHK") is expected to commence on 11 January 2019 (Friday).

Atotal of 250,000,000 shares will be offered under the Share Offer, of which 225,000,000 Shares, or 90%, will be offered byway of Placing; while the remaining 10%, or 25,000,000 Shares , will be offeredunder the Public Offer. Based on the final offer price of HK$1.0per Share, the net proceeds from the Share Offer to be received by the Company(after deducting underwriting commissions and estimated expenses in connectionwith the Share Offer) is estimated to be approximately HK$208.9million.

Best Mart 360 intendsto use these net proceeds for the following purposes: 1) approximately 66.5%for the opening of new retail stores; 2) approximately 13.5% for intensifyingand broadening marketing efforts; 3) approximately 10.1%for upgrading information technology systems; and 4) approximately 9.9% forgeneral working capital purposes.

LegoCorporate Finance Limited is the Sole Sponsor, while Lego Securities Limited isthe Sole Bookrunner.

Mr. Lin Tsz Fung,Chairman and executive Director of the Group, said, "We believe that the result of the Share Offer has affirmed market's recognitionof the Group's business and confidence in our future prospects. Weare honoured that investors have shown great support tothe Group. Listing on the Main Board of SEHK enables theGroup tofurther strengthen our retail network, enhance our brand recognition andcapture greater market share in the local leisure food industry."

About Best Mart 360 Holdings Limited

Best Mart 360 Holdings Limited, the second largestleisure food retailer in Hong Kong for the year ended 31 March 2018, mainly operates chain retail stores under the brand "Best Mart 360˚".It offers wide collection of imported prepackaged leisure foods and othergrocery products, principally from overseas. The Group's business objective isto offer "Best Quality" and "Best Prices" products to customers throughcontinuous efforts on global procurement with a mission to provide comfortableshopping environment and pleasurable shopping experience to customers.

As at 19 December 2018, the Group operates 85retail stores that are strategically located at 18 districts in Hong Kong. TheGroup sourced their products of around 495 brands and 1,960 SKUs from differentoverseas suppliers mainly from Europe, US, Japan, Korea and South East Asia andimporters in Hong Kong.