Hong Kong Exchanges and Clearing Limited

FORM 2 - Corporate Substantial Shareholder Notice

Form Serial Number:

CS20180907E00299

1. Date of relevant event:

06/09/2018
(dd/mm/yyyy)

2. Date when the substantial shareholder becomes aware of the relevant event / interest in the shares (if later):

(dd/mm/yyyy)

3. Stock code:

00022

4. Name of listed corporation:

Mexan Ltd.

5. Class of shares:

Ordinary Shares

6. Number of issued shares in class:

1,966,387,866

7. Name of substantial shareholder:

SW Kingsway Capital Group Limited

8. Registered office:

Vistra Corporate Services Centre, Wickham Cay II, Road Town, Tortola, VG1110 British Virgin Islands

9. Principal place of business in Hong Kong:

15. Exchange on which listed:

16. Name of listed parent and exchange on which parent is listed:

Sunwah Kingsway Capital Holdings Limited which is listed on HKEX

17. Details of relevant event:

Brief description of relevant event

Capacity in which shares were/are held

Number of shares bought/sold or involved

Currency of transaction

On Exchange

Off Exchange

Before relevant event

After relevant event

Highest price (per share)

Average price (per share)

Average consideration (per share)

Nature of consideration

Long position

1704	Miscellaneous Notice filed because you ceased to have a notifiable interest in the shares of the listed corporation (you must briefly describe the relevant event in the Supplementary Information box)

2201	Interest of corporation controlled by you

100,555,305

Short position

1503	You ceased to have a short position of 1% or more in the shares, or the percentage level of your short position in such shares decreased because: any other event (you must briefly describe the relevant event in the Supplementary Information box)

2201	Interest of corporation controlled by you

80,000,000

18. Total shares immediately before the relevant event:

	Total number of shares	Percentage figure (%)
Long position	120,000,000	6.10
Short position	80,000,000	4.07

19. Total shares immediately after the relevant event:

	Total number of shares	Percentage figure (%)
Long position	19,444,695	0.99
Short position	0	0.00

20. Capacity in which interests disclosed in Box 19 are held:

Capacity code	Number of shares

21. Further information in respect of derivative interests:

Derivatives code	Number of shares

22. Further information in relation to interests of corporations controlled by substantial shareholder:

Name of controlled corporation	Address and place of incorporation	Name of controlling person	% control	Direct interest (Y/N)	Number of shares

23. Further information in relation to interests held by substantial shareholder jointly with another person:

Name of joint shareholder	Address	Number of shares

24. Further information from a trustee, a beneficiary of a trust, or a person who set up a discretionary trust:

Names of trust	Address	Status code	Number of shares

25. Further information from a party to an agreement under Section 317 (Please see Notes for further information required):

Names of other parties	Address	Number of shares

Total number of shares in which a substantial shareholder is interested under sections 317 and 318

26. Details of person(s) in accordance with whose directions the substantial shareholder or its directors are accustomed to act:

Names	Address	Relationship Code	Percentage (%)

27. Supplementary information:

(1) Long position : ceased to be interest in 100,555,305 shares on 6 September 2018 since underwriter's obligation of controlled corporation for 20,555,305 shares was discharged and sub-underwriting of 80,000,000 shares completed. (2) Short position : sub-underwriting of 80,000,000 shares completed.

28. Log/Serial Number of the previous form:

29. Number of concert party document(s) under section 317 attached/uploaded:

Date of filing this Form 2:

07/09/2018
(dd/mm/yyyy)