To Finance Editor
【FOR IMMEDIATE RELEASE】

Jin Cai Holdings Company Limited
(Stock Code：1250.HK)

Benefitting from Policies
Jin Cai Holdings Planned to Penetrate
Photovoltaic Solar Power Generation Business

(13 April 2015, Hong Kong) Jin Cai Holdings Company Limited ("Jin Cai Holdings" or the "Company", together with the subsidiaries, the "Group", stock code:1250) announced entering into a subscription agreement with an investment holding company wholly owned by Beijing Enterprises Water Group Limited(Stock Code:0371.HK), CPE China Fund II, L.P. and CPE China Fund IIA, L.P., CITIC Private Equity Fund III (RMB) and More Surplus Investments Limited. Pursuant to the subscription agreement, Jin Cai Holdings will issue 1.413 billion new ordinary shares and 3.336 billion convertible preference shares to the 4 subscribers. The gross proceeds of the subscription at completion are approximately HK$1,125.7 million and the gross proceeds upon the issue of all the new ordinary shares and the preference shares are approximately HK$3,752.4 million. The proceeds are intended to be applied to finance the investments in and development of photovoltaic power projects, bringing greater room for development for the Group.

As the annual meetings of National People's Congress and Chinese People's Political Consultative Conference kicked off, environmental issue became one of the hottest topics since several environmental policies are expected to be promulgated in the year. Due to the central government's advocacy in developing renewable energy resources, huge population and large amount of electricity consumption in China, the development potentials of solar photovoltaic power generation will be incredibly large as China will probably become the largest market within the industry in the world. In the sight of the unprecedented opportunities of photovoltaic power generation industry, the directors consider that photovoltaic power generation is a sector with great potential which presents a good investment opportunity for the Group. Diversified business is expected to set a stronger growth driver for the Group.

In line with the new business development plan, on 16 February 2015, Greatest Winner Limited ("Greatest Winner"), an indirect wholly-owned subsidiary of Jin Cai Holdings entered into a framework agreement with the People's Government of Yu County, Hebei Province for the investment and development of photovoltaic power projects in Yu County in Hebei province with an expected aggregate installed capacity of 3 GW during 2015 to 2020, of which 200 MW is expected to be developed in 2015. Currently, Jin Cai Holdings is in the process of obtaining the registration approval for the Yu County Project. It is expected that the relevant approvals for installed capacity of 50 MW of the Yu County Project could be obtained by the end of April 2015. The estimated investment for such 50 MW project is approximately RMB425 million. On 19 March 2015, Greatest Winner has entered into several signed agreement and memorandum of understanding. It planned to develop a photovoltaic power project owned by the Longhua County Project Company in Bugugou Town, Longhua County, Chengde City, Hebei Province, the PRC with installed capacity of 20 MW. The Longhua County Project has obtained the Registration Certificate for Fixed Assets Investment issued by Hebei Development and Reform Commission and was in the process of obtaining other approvals and permits required for the commencement of construction of the power plant. The estimated investment cost for the development of the Longhua County Project is approximately RMB170 million. Greatest Winner also intended to invest in and construct photovoltaic power projects in Weishan County, Shandong Province, the PRC with expected aggregate capacity of 1.5GW during 2015 to 2019, of which 100 MW to 300 MW is expected to be developed in 2015. Greatest Winner will develop photovoltaic power stations in Inner Mongolia with expected aggregate capacity of not less than 700MW.

Upon full conversion of the preference shares, the subscribers will in aggregate be interested in ordinary shares representing approximately 77.03% of the Company's enlarged shares. By then, Beijing Enterprises Water are interested in 34.95% of Jin Cai Holdings' shares; the shareholding of CPE China Fund II, L.P. and CPE China Fund IIA, L.P. is 14.98%; the shareholding of CITIC Private Equity Fund III (RMB) is 14.98%. The introduction of new shareholders helps strengthen the Company's position and assists the Company in identifying suitable locations and/or negotiate for more favorable investment terms.

Chairman of Jin Cai Holdings Company Limited, Ms. Huang Li said, "The subscription can help the Group to obtain a considerable amount of funds for the expansion into the photovoltaic power generation business and bring in the subscribers with sound capabilities as solid Shareholders. We believe, Jin Cai Holdings can grasp the market opportunities with its existing competitive edge to enhance the business scale and upgrade the Group's competence."

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About Jin Cai Holdings Company Limited
Jin Cai Holdings Company Limited (Stock Code: 1250) is principally engaged in the design, printing and sale of cigarette packages in the PRC. Products of the Group include paper cigarette packages for two of the 30 Key Cigarette Brands, namely Hongtashan and Jinsheng, and another cigarette brand, which together with Hongtashan, were two of the four largest cigarette brands in the PRC in terms of retail sales volume in 2011. Four of the sixteen state-owned provincial tobacco industrial companies in the PRC were the major customers of the Group during the three years ended 31 December 2012. The Company was listed on the Main Board of The Stock Exchange of Hong Kong Limited (the "Stock Exchange") on 5 July 2013.

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This press release is distributed by Trinity Communications Group Limited on behalf of Jin Cai Holdings Company Limited.

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Ms. Kannie Lam 852-3758 2254 kannie.lam@tri-hk.com