Further Payment of Proceeds for TTS Disposal

Adamas Finance Asia Limited

("ADAM")

FURTHER PAYMENT OF PROCEEDS FOR TTS PROJECT DISPOSAL

Further to the announcement on 15 June 2017 in relation to the disposal of its interest in the Tian Tong Shan Villa Project (the "Disposal"), the Directors of ADAM are pleased to announce that the Company's wholly owned subsidiary, Lead Winner Limited ("LWL"), has received a further payment of HK$50,545,526 (approximately US$6.6 million).

Together with previous payments totalling approximately US$8.5 million, LWL has now received approximately US$15.1 million in relation to the Disposal.

Following receipt of the payments, LWL has no remaining interest in S&T Group Holdings Limited or the Tian Tong Shan Villa Project.

The remaining consideration payable for the Disposal is RMB 12 million (approximately US$1.8 million), which is the subject of a zero coupon, two year loan to the purchaser.

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