Recorded approximately 53.9 times of over-subscription for its Hong Kong public offering

HONGKONG, CHINA - MediaOutReach - 25September 2019 - Ying Hai Group HoldingsCompany Limited ("YingHai Group", together with its subsidiaries, the "Group"; stock code: 8668), a wholesale licensedtravel agent and a car rental services provider based in Macau, announced the subscription results for its shares(the "Shares") under the Hong Kong public offering (the "Public Offer") and internationalplacing (the "Placing", collectively, the "Share Offer"). The Shares under the Public Offer have beenvery significantly over-subscribed by approximately 53.9 times. The offer price per Share has been set at HK$0.24 per Share. Dealings in the Shares on the GEM of The Stock Exchange ofHong Kong Limited ("SEHK") is expected to commence on 26 September 2019 (Thursday).

Based onthefinal offer price of HK$0.24 per Share, the net proceeds from theShare Offer to be received by the Company (after deducting underwriting feesand estimated expenses in connection with the Share Offer) is estimated to be approximately HK$41.0 million.

Ying Hai Group intends to use these net proceedsfor the following purposes: 1) approximately 52.9% will beused for expansion of its car fleet; 2) approximately 16.2% will be used for expansion of itsbusiness by cooperating with more hotel operators; 3) approximately 17.4% willbe used for increasing its marketing and expansion of its sales channel; 4)4.1% will be used for renovation of a new office; 5) approximately 6.6% will beused for expansion of its workforce;6) approximately 2.8% will be used as its general working capital.

Lego Corporate Finance Limited is theSole Sponsor. Lego Securities Limited is the sole bookrunner. Lego SecuritiesLimited and Great Roc Capital Securities Limited are the joint lead managers.

Mr. Choi Wai Chan, Chairman, ChiefExecutive Officer and Executive Director of Ying Hai Group Holdings CompanyLimited, said, "Webelieve that the result of the Share Offer has affirmed market's confidence in our futureprospects. The travelagent industry is expected to continue its growth, driven by the Macaugovernment's initiatives and upgraded infrastructure, including the opening of the Hong Kong -- Zhuhai --Macao Bridge. Listingon the GEM of SEHK enables the Group to further enhance its corporate profile and competitiveness, togenerate greater returns for our shareholders."

About the Group

Ying Hai Groupis a wholesale licensed travel agent and a car rental services provider basedin Macau offering to its customers a range of products and services whichinclude hotel rooms, car rental services and sales and provision of air ticketsand other ancillary travel-related products and services. It is one of the twocompanies in Macau which is able to provide both travel agent services andself-drive rent-a-car services.

For FY2017,FY2018 and 4M2019, the Group sold and distributed approximately 124,000, 151,000and 52,000 hotel rooms of over 40, 40 and 35 hotels in Macau, respectively, toaccommodate the needs of various types of customer. During theTrack Record Period, the Group sold and distributed approximately 52,000,63,000 and 19,000 hotel rooms of L'Arc Hotel Macau.