Common Contracts

Contract

May 28th, 2015

• Filed
  May 28th, 2015

Hong Kong Exchanges and Clearing Limited and The Stock Exchange of Hong Kong Limited take no responsibility for the contents of this announcement, make no representation as to its accuracy or completeness and expressly disclaim any liability whatsoever for any loss howsoever arising from or in reliance upon the whole or any part of the contents of this announcement. (Incorporated in the Cayman Islands with limited liability)(Stock Code: 985) PLACING OF NEW SHARES UNDER GENERAL MANDATE Placing Agent On 28 May 2015 (after trading hours), the Placing Agent and the Company entered into the Placing Agreement pursuant to which the Company has conditionally agreed to place through the Placing Agent, on a best effort basis, up to 5,400,000,000 Placing Shares at the Placing Price of HK$0.10 per Placing Share to, as currently expected, not less than six Placees who and whose beneficial owners shall be Independent Third Parties. The Placing Shares will be allotted and issued pursuant to the Gen