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Apollo Future Mobility Group Limited Capital/Financing Update 2012

Feb 7, 2012

49519_rns_2012-02-07_5d49dafc-e310-4c95-bda1-0bebf3409397.pdf

Capital/Financing Update

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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.

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Ming Fung Jewellery group liMited 明豐珠寶集團有限公司[*]

(Incorporated in the Cayman Islands with limited liability)

(Stock code: 860)

AnnounCeMent poStponeMent oF CoMpletion dAte

Reference is made to the announcements of Ming Fung Jewellery Group Limited (the “ Company ”) dated 28 September 2011 and 4 November 2011 respectively and the Company’s circular dated 2 November 2011 (the “ Circular ”) in relation to the acquisition of the entire issued share capital of the Target Company. Terms used in this announcement shall have the same meanings as those defined in the Circular unless otherwise stated therein.

This announcement is made pursuant to the Company’s disclosure obligation under Rule 14.36 of the Listing Rules.

Current Status of the Acquisition and postponement of Completion date

The Board wishes to inform the Shareholders that, as at the date of this announcement, the conditions precedent of the Acquisition have been fulfilled.

In view of the prolonged uncertainty and volatility of the market, to ensure that the Acquisition is in the interests and benefits of the parties and to allow sufficient time to attend the completion matters, the Group entered into further discussions with the Vendor in respect of the Acquisition. The Purchaser and the Vendor entered into an agreement on 7 February 2012 to postpone the Completion Date to 13 April 2012 or such date to be agreed by the parties in writing.

Save for the above, all the other terms of the Agreement shall remain unchanged and continue in full force and effect. The Company shall make further announcement(s) in respect of the Acquisition as and when required by the Listing Rules.

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The Board is of the view that the postponement of the Completion Date of the Agreement will not have any material adverse effect on the operation and financial position of the Group.

By order of the Board Ming Fung Jewellery group limited wong Chi Ming, Jeffry Chairman

Hong Kong, 7 February 2012

As at the date hereof, the Company’s executive directors are Mr. Wong Chi Ming, Jeffry, Mr. Chung Yuk Lun and Mr. Yu Fei, Philip and independent non-executive directors are Mr. Chan Man Kiu, Mr. Tam Ping Kuen, Daniel and Mr. Jiang Chao.

  • for identification purpose only

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