Beijing Yunji Technology Co., Ltd. — M&A Activity 2014

Feb 14, 2014

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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CHEONG MING INVESTMENTS LIMITED

(Incorporated in Bermuda with limited liability)

(Stock Code: 1196)

ANNOUNCEMENT PURSUANT TO RULE 3.7 OF THE TAKEOVERS CODE

This announcement is made by Cheong Ming Investments Limited (the “ Company ”) pursuant to Rule 3.7 of the Hong Kong Code on Takeovers and Mergers (the “ Takeovers Code ”).

Reference is made to the announcement of the Company dated 16 January 2014 (the “ Announcement ”) in relation to the Proposal involving a possible disposal of Harmony Link Corporation’s equity interest in the Company to an independent third party and a possible disposal by the Company of certain of its assets. Unless otherwise stated, capitalised terms used herein shall have the same meanings as those defined in the Announcement.

The Company wishes to update the shareholders of the Company that, as at the date of this announcement, the discussions between the Controlling Shareholder and the Third Party regarding the Proposal are still ongoing. The Controlling Shareholder and the Third Party are continuing with their negotiations on the terms of the Proposal and the Proposal is yet to be materialised. As at the date of this announcement, no formal or legally binding agreement has been entered into between the Controlling Shareholder and the Third Party in respect of the Proposal.

Further announcement(s) will be made of any further development with regard to the Proposal as and when necessary in accordance with the Listing Rules and the Takeovers Code, and on a monthly basis pursuant to Rule 3.7 of the Takeovers Code until an announcement of a firm intention to make an offer or of a decision not to proceed with an offer is made in compliance with the Takeovers Code.

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There is no assurance that any discussion mentioned in this announcement will either materialise or eventually be consummated, and the discussion may or may not lead to the making of an offer for the Shares. Shareholders and potential investors are advised to exercise caution when dealing in the securities of the Company.

By order of the Board Cheong Ming Investments Limited Lui Shing Ming, Brian Chairman

Hong Kong, 14 February 2014

The Directors jointly and severally accept full responsibility for the accuracy of the information contained in this announcement, and confirm, having made all reasonable enquiries, that to the best of their knowledge, opinions expressed in this announcement have been arrived at after due and careful consideration and there are no other facts not contained in this announcement, the omission of which would make any statement in this announcement misleading.

As at the date of this announcement, the executive Directors are Mr. Lui Shing Ming, Brian (Chairman), Mr. Lui Shing Cheong (Managing Director) and Mr. Lui Shing Chung, Victor; and the independent non-executive Directors are Dr. Lam Chun Kong, Mr. Lo Wing Man and Dr. Ng Lai Man, Carmen.

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