Payment of Proceeds for TTS Project Disposal

Adamas Finance Asia Limited

("ADAM")

PAYMENT OF PROCEEDS FOR TTS PROJECT DISPOSAL

Further to the announcement on 24 February 2017 in relation to the proposed disposal of its interest in the Tian Tong Shan Villa Project, the Directors of ADAM are pleased to announce that the Company's wholly owned subsidiary, Lead Winner Limited ("LWL"), has received a payment of HKD$52,353,176 (approximately US$6.8 million) in final settlement of the amount due from the exercise of the Put Option (as defined in the announcement on 4 January 2017).

As announced on 24 February 2017, LWL previously received a payment of US$700,000 in part payment for the exercise of the Put Option.

As a result of the receipt of the payments, LWL's holding in S&T Group Holdings Limited ("S&T") has reduced from 30% to 20%.

A further announcement relating to the sale of LWL's remaining holding in S&T will be made in due course.

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