CAI Corp — Net Asset Value 2016

Jan 14, 2016

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)

NET ASSET VALUE AND PROFIT WARNING

This announcement is made by China New Economy Fund Limited (the ‘‘Company’’) pursuant to Rule 13.09 of The Rules Governing the Listing of Securities on The Stock Exchange of Hong Kong Limited and the inside information provisions under Part XIVA of the Securities and Futures Ordinance (Chapter 571 of the laws of Hong Kong).

Based on the unaudited management accounts of the Company, the unaudited net asset value per share of the Company as at 31 December 2015 was approximately HK$0.53. The board (the ‘‘Board’’) of directors (the ‘‘Directors’’) wishes to inform the shareholders and prospective investors of the Company that the Company has recorded a net loss for the year ended 31 December 2015 as compared to a net profit position for the year ended 31 December 2014. The net loss is mainly attributable to net change in unrealized fair value loss of financial assets at fair value through profit or loss as a result of stock market volatility.

This net asset value and profit warning announcement is based on the information currently available to the Board, including the unaudited management accounts of the Company for the year ended 31 December 2015. There may be changes or adjustments following review of the unaudited management accounts by the auditors of the Company.

The Company is managed by China Everbright Securities (HK) Limited.

By Order of the Board China New Economy Fund Limited Gu Xu

Chairman, Chief Executive Officer and Executive Director

Hong Kong, 14 January 2016

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