Basic House New Life Group Limited — Capital/Financing Update 2016

Jun 29, 2016

This announcement is for information purposes only and does not constitute an invitation or offer to acquire, purchase or subscribe for the Shares or other securities of AL Group Limited (the ‘‘Company’’). Potential investors should read the prospectus dated 29 June 2016 (the ‘‘Prospectus’’) issued by the Company for detailed information about the Share Offer described below before deciding whether or not to invest in the Offer Shares.

Unless otherwise defined herein, capitalised terms used in this announcement shall have the same meanings as those defined in the Prospectus.

Hong Kong Exchanges and Clearing Limited, The Stock Exchange of Hong Kong Limited (the ‘‘Stock Exchange’’) and Hong Kong Securities Clearing Company Limited (‘‘HKSCC’’) 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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AL GROUP LIMITED 利 駿 集 團（ 香 港 ）有 限 公 司

(Incorporated in the Cayman Islands with limited liability)

LISTING ON THE GROWTH ENTERPRISE MARKET OF THE STOCK EXCHANGE OF HONG KONG LIMITED BY WAY OF SHARE OFFER

Number of Offer Shares : 120,000,000 Shares Number of Public Offer Shares : 12,000,000 Shares (subject to reallocation) Number of Placing Shares : 108,000,000 Shares (subject to reallocation) Offer Price : Not more than HK$0.64 per Offer Share (payable in full in Hong Kong dollars on application plus brokerage of 1%, SFC transaction levy of 0.0027% and Stock Exchange trading fee of 0.005% and subject to refund) and expected to be not less than HK$0.52 per Offer Share Nominal Value : HK$0.01 per Share Stock Code : 8360

Sole Sponsor

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Joint Bookrunners and Joint Lead Managers

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Application has been made by the Company for the granting of the approval for the listing of, and permission to deal in, the Shares in issue and any Shares to be issued pursuant to the Share Offer and as mentioned in the Prospectus (including any Shares which may be issued under the Capitalisation Issue and pursuant to the exercise of the options which may be granted under the Share Option Scheme).

The Share Offer comprises the Placing and the Public Offer. A total of 120,000,000 Shares will be made available under the Share Offer, of which 108,000,000 Shares, representing 90% of the Offer Shares (subject to reallocation), will be conditionally placed under the Placing. The remaining 12,000,000 Shares (subject to reallocation), representing 10% of the Offer Shares (subject to reallocation), will be offered under the Public Offer. The allocation of the Offer Shares between the Placing and the Public Offer will be subject to adjustment as described in the section headed ‘‘Structure and Conditions of the Share Offer’’ in the Prospectus.

Subject to the granting of the approval for listing of, and permission to deal in, the Shares on GEM and compliance with the stock admission requirements of HKSCC, the Shares will be accepted as eligible securities by HKSCC for deposit, clearance and settlement in CCASS with effect from the date of commencement of dealings in the Shares on GEM or such other date as may be determined by HKSCC. Settlement of transaction between participants of the Stock Exchange is required to take place in CCASS on the second business day after any trading day. All activities under CCASS are subject to the General Rules of CCASS and CCASS Operational Procedures in effect from time to time. All necessary arrangements have been made to enable the Shares to be admitted into CCASS.

The Offer Price will not be more than HK$0.64 per Offer Share and is expected to be not less than HK$0.52 per Offer Share. Applicants for the Offer Shares are required to pay, upon application, the maximum Offer Price of HK$0.64 for each Offer Share together with a brokerage fee of 1%, SFC transaction levy of 0.0027% and Stock Exchange trading fee of 0.005% in full upon application for Shares under the terms set out in the Application Forms, subject to refund if the Offer Price as finally determined is less than HK$0.64 per Offer Share.

Application for the Offer Shares will only be considered on the basis of the terms and conditions set out in the Prospectus and the related Application Forms.

Applicants who wish to be allotted the Offer Shares in their own names should (i) complete and sign the WHITE Application Forms or (ii) submit applications online through the designated website of the HK eIPO White Form Service Provider at www.hkeipo.hk under the HK eIPO White Form service. Applicants who wish to have the Offer Shares allotted and issued in the name of HKSCC Nominees Limited and deposited directly into CCASS for credit to their CCASS Investor Participant stock accounts or the stock accounts of their designated CCASS Participants should (i) complete and sign the YELLOW Application Forms, or (ii) give electronic application instructions to HKSCC via CCASS.

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Copies of the Prospectus, together with the WHITE Application Forms, may be obtained during normal business hours from 9:00 a.m. on Wednesday, 29 June 2016 until 12:00 noon on Tuesday, 5 July 2016, from the following locations:

1. VBG Capital Limited, 18th Floor, Prosperity Tower, 39 Queen’s Road Central, Hong Kong; or

2. Pacific Foundation Securities Limited, 11th Floor, New World Tower II, 16-18 Queen’s Road Central, Hong Kong

3. Any of the following branches of the following receiving bank:

The Bank of East Asia, Limited

Branch name Branch address

Hong Kong Island Main Branch 10 Des Voeux Road Central, Central King’s Road Branch Shop 2, G/F, S U P Tower, 75–83 King’s Road, Quarry Bay Kowloon Tsim Sha Tsui Branch Shop A & B, Milton Mansion, 96 Nathan Road, Tsim Sha Tsui Hoi Yuen Road Branch Unit 1, G/F, Hewlett Centre, 54 Hoi Yuen Road, Kwun Tong New Territories Metro City Plaza Branch Shop 243, Level 2, Metro City Plaza I, 1 Wan Hang Road, Tseung Kwan O

Copies of the Prospectus, together with the YELLOW Application Forms, may be obtained during normal business hours from 9:00 a.m. on Wednesday, 29 June 2016 until 12:00 noon on Tuesday, 5 July 2016, at the Depository Counter of HKSCC at 1/F, One & Two Exchange Square, 8 Connaught Place, Central, Hong Kong or your stockbroker, who may have YELLOW Application Forms and the copies of the Prospectus available.

Applicants applying by HK eIPO White Form may submit application to the HK eIPO White Form Service Provider through the designated website www.hkeipo.hk (24 hours daily, except on the last application day) from 9:00 a.m. on Wednesday, 29 June 2016 until 11:30 a.m. on Tuesday, 5 July 2016 and the latest time for completing full payment of application monies in respect of such applications will be 12:00 noon on Tuesday, 5 July 2016 or such later date as described under the section headed ‘‘How to Apply for the Public Offer Shares — 10. Effects of Bad Weather on the Opening of the Application Lists’’ in the Prospectus.

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The completed WHITE or YELLOW Application Form, together with a cheque or a banker’s cashier order attached and marked payable to ‘‘The Bank of East Asia (Nominees) Limited — AL Group Public Offer’’ for the payment, should be deposited in the special collection boxes provided at any of the branches of the receiving bank listed above, at the following times:

Wednesday, 29 June 2016 — 9:00 a.m. to 5:00 p.m. Thursday, 30 June 2016 — 9:00 a.m. to 5:00 p.m. Saturday, 2 July 2016 — 9:00 a.m. to 1:00 p.m. Monday, 4 July 2016 — 9:00 a.m. to 5:00 p.m. Tuesday, 5 July 2016 — 9:00 a.m. to 12:00 noon

CCASS Participants can input electronic application instructions from 9:00 a.m. on Wednesday, 29 June 2016 until 12:00 noon on Tuesday, 5 July 2016 or such later time as described in the section ‘‘How to Apply for the Public Offer Shares — 10. Effect of bad weather on the opening of the application lists’’ in the Prospectus.

Please refer to the sections headed ‘‘Structure and Conditions of the Share Offer’’ and ‘‘How to apply for the Public Offer Shares’’ in the Prospectus for details of the conditions and procedures of the Share Offer.

The Company expects to announce the Offer Price, the level of indications of interest in the Placing, the level of applications in the Share Offer and the basis of allocation of the Offer Shares under the Share Offer on Monday, 11 July 2016 on the website of the Stock Exchange at www.hkexnews.hk and on the website of the Company at www.AL-Grp.com.

The results of allocations of the Public Offer, with the successful applicant’s identification document numbers if applicable, under the Share Offer will be made available through a variety of channels from Monday, 11 July 2016 in the manner described in the paragraph headed ‘‘How to Apply for the Public Offer Shares — 11. Publication of Results’’ in the Prospectus.

The Company will not issue temporary documents of title of the Shares. No receipt will be issued for the sums paid on application.

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Share certificates will only become valid documents of title provided that the Share Offer becomes unconditional and the right of termination described in the section ‘‘Underwriting’’ in the Prospectus has not been exercised at or before 8:00 a.m. in Hong Kong on Tuesday, 12 July 2016. Dealings in the Shares on the Stock Exchange are expected to commence at 9:00 a.m. on Tuesday, 12 July 2016. The Shares will be traded in board lots of 4,000 Shares each. The stock code of the Share is 8360.

By order of the board of directors of AL Group Limited Yau Chung Ping Chief Executive Officer and Executive Director

Hong Kong, 29 June 2016

As at the date of this announcement, the executive Directors are Mr. Yau Chung Ping, Ms. Sz Kit and Ms. Wu Kar Wai; and the independent non-executive Directors are Mr. Neo Sei Lin, Christopher, Mr. Lau Chun Wah, Davy and Ms. Lee Hau Yan, Hannah.

This announcement, for which the Directors collectively and individually accept full responsibility, includes particulars given in compliance with the GEM Listing Rules for the purpose of giving information with regard to the Company. The Directors, having made all reasonable enquiries, confirm that, to the best of their knowledge and belief, the information contained in this announcement is accurate and complete in all material respects and not misleading or deceptive; and there are no other matters the omission of which would make any statement in this announcement misleading.

This announcement and a copy of the Prospectus will remain on the Stock Exchange website at www.hkexnews.hk and in the case of this announcement, on the ‘‘Latest Company Announcements’’ page for at least seven days from the date of its posting. This announcement and a copy of the Prospectus will also be published on the Company’s website.

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