SMIT Holdings Limited Listed on the Main Board of HKEx

India - English

• USA - español
• USA - Deutsch
• USA - Français
• USA - Pусский

SMIT Holdings began its international roadshow on March 16. As the allotment results showed yesterday, the stock was priced at HK$3.78, which was close to the upper limit of its offer price range (HK$3.1-3.88 per share). The estimated net proceeds amounted to HK$251.6 million. Applications for shares under the Hong Kong public offering amounted to approximately 18.51 times of the number of shares initially available for subscription under the Hong Kong public offering, and the international offering was slightly over-subscribed.

SMIT Holdings Limited is the leading security devices provider for CAMs worldwide and for mPOS in China. CAMs (conditional access modules) are electronic devices approximately the size of a credit card, acting as a key for end users to unlock encrypted pay TV content. mPOS (mobile point-of-sale) products are secured payment devices which enable users to easily make credit and debit card transactions using their smart phones or other smart devices.

The Company possesses extensive expertise and know-how in the design and development of security chipsets, algorithms, software and hardware, in addition to the capabilities of manufacturing, marketing and selling its products. As such, the Company is vertically-integrated and can independently provide its customers with comprehensive security devices and products to suit their specific requirements. Since first entering the CAM market in 2006 in Western Europe, the Company has solidified its market position and expanded rapidly globally.

According to Frost & Sullivan, the Company ranked first in the global CAM market in 2014 with 48.7% of market share by both sales volume and revenue; and for the first half of 2015, the Company ranked first in the global CAM market, with 48.9% and 49.6% of market share by sales volume and revenue, respectively. In July 2013, SMIT Holdings tapped into the mPOS market in the PRC and to diversify and expand its business by leveraging on the expertise in design and development of security chipsets for the security devices industry. According to Frost & Sullivan, SMIT Holdings was the second largest mPOS supplier in China, with 6.6% and 6.8% of the market share by sales volume in 2014 and for the first half of 2015, respectively.

Looking into the future, the Chairman of Smit Holdings, Mr. Huang Xueliang said, "We sincerely appreciate the supports from investors. The successful listing is a perfect achievement for the global offering process as well as a new beginning for the Company's development in the future."

About SMIT Holdings Limited

SMIT Holdings Limited is a leading security devices provider for pay TV broadcasting access worldwide and for mobile point-of-sale, or mPOS, payment systems in China. The Company's main product types are CAMs and mPOS devices. According to Frost & Sullivan, the Company was the largest CAM provider globally by both sales volume and revenue in 2014 and for the first half of 2015. In addition, the Company was the second largest mPOS supplier in China by sales volume in 2014 and for the first half of 2015.

For further information, please contact:

Wonderful Sky Financial Group Limited

Connie Liu
Tel: (852) 3970 2290
[email protected]

Christina Hua
(852) 3970 2198
[email protected]

Sindy Wong
(852) 3970 2257
[email protected]

Fax: (852) 2598 1588

Important:

1. This press release is for information purpose only and does not constitute or include any recommendation or invitation or offer for acquisition, purchase or subscription of the securities of the Company nor is it intended to act as a recommendation of the sale of securities or an invitation or offer for acquisition, purchase or subscription of securities. Investors should read the Prospectus of the Company for detailed information about the Company and the proposed offering before deciding whether or not to purchase any securities of the Company. An application to subscribe for the shares referred to in this press release by any persons shall be made solely based on the Prospectus and the application forms issued by the Company on 16^th March 2015.

2. No application to subscribe for the shares of the Company should be made by any person nor would such application be accepted without the completion of a formal application form issued together with the Prospectus or other application procedure that is issued with the Prospectus and in respect of the shares of the Company.

Not for distribution, directly or indirectly, in whole or in part, in or into the United States or to any U.S. person

This press release shall not constitute an offer to sell or a solicitation of an offer to buy any securities of SMIT Holdings Limited (the "Company") in the United States or in any state or country where such offer, solicitation or sale is not permitted.

This press release is for information purposes only and does not constitute an offer or an invitation to induce an offer by any person to acquire, purchase or subscribe for securities of the Company. Potential investors should read the prospectus issued by the Company on 16th March 2016 (the "Prospectus") for detailed information about the Global Offering.

This press release shall not, and is not intended to, constitute an offer to sell or an invitation or solicitation of an offer to purchase or subscribe for the securities of the Company in the United States or any other jurisdiction where it would not be permitted under applicable laws. The securities of the Company have not been, and will not be, registered under the United States Securities Act of 1933, as amended (the "U.S. Securities Act").The securities of the Company may not be offered or sold in the United States absent registration under the U.S. Securities Act or an applicable exemption from the registration requirements of the U.S. Securities Act. No public offering of the securities of the Company will be made in the United States or in any jurisdiction outside of Hong Kong. The securities of the Company are being offered and sold outside the United States in offshore transactions in reliance on Regulation S under the U.S. Securities Act. The securities referred to herein have not been and will not be registered under the U.S. Securities Act or any state securities laws or under the applicable securities laws of Australia, Canada or Japan.

This press release contains forward-looking statements and you are cautioned not to place undue reliance on any forward-looking statements contained herein. We can give no assurance that these forward-looking statements will prove to have been correct. Expectations reflected in these forward-looking statements are subject to change and we undertake no obligation and do not intend to update or revise any forward-looking statements herein. Unless otherwise defined herein, capitalised terms in this announcement shall have the same meanings as those defined in the Prospectus.