CAI Corp — Capital/Financing Update 2015

Mar 6, 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.

CHINA NEW ECONOMY FUND LIMITED 中 國 新 經 濟 投 資 有 限 公 司

(Incorporated in the Cayman Islands as an exempted company with limited liability)

(Stock code: 80)

PROPOSED SUBSCRIPTION OF NEW SHARES UNDER SPECIFIC MANDATE

Reference is made to the announcements of China New Economy Fund Limited (the ‘‘Company’’) dated 28 January 2015 and 5 March 2015 (the ‘‘Announcement’’), respectively, and the circular of the Company dated 18 February 2015 (the ‘‘Circular’’) in respect of, amongst other things, the proposed subscription of new shares under specific mandate and the notice of the extraordinary general meeting (the ‘‘Notice of EGM’’) of the Company to be held on 9 March 2015 (the ‘‘EGM’’) to consider and if thought fit, approve, amongst other things, the Subscription Agreement and the grant of specific mandate to allot and issue the Subscription Shares. Capitalised terms used in this announcement shall have the same meanings as defined in the Circular unless the context requires otherwise.

As disclosed in the Announcement, the Board has decided that it is not in the best interests of the Company and its shareholders to proceed with the proposed subscription of new shares under specific mandate. After seeking legal advice on the arrangement regarding proposed resolution no. 1 as set out in the Notice of EGM to approve the Subscription Agreement and the specific mandate to allot and issue the Subscription Shares (the ‘‘Resolution’’), the Company will put forward a motion at the EGM that the Resolution not be put to the EGM for consideration (the ‘‘Motion’’).

Accordingly, at the beginning of the EGM, the chairman of the EGM will put forward the Motion.

Yours faithfully, By Order of the Board China New Economy Fund Limited Craig Blaser LINDSAY Chairman, Chief Executive Officer and Executive Director

Hong Kong, 6 March 2015

As at the date of this announcement, the Board comprises Mr. Craig Blaser LINDSAY, Mr. GU Xu and Mr. CHAN Cheong Yee as executive Directors, Mr. LAM Chun Ho, Mr. Doyle Ainsworth DALLY, Mr. Faris Ibrahim Taha AYOUB and Mr. HUANG Liangkuai as independent non-executive Directors.