Canopy SkyFire Group Limited — Major Shareholding Notification 2016

Jun 21, 2016

Announcement

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21 June 2016

High Concentration of Shareholding in On Real International Holdings Limited (Stock Code: 8245)

This announcement is made by the Securities and Futures Commission (“SFC”) in respect of the concentration of the shareholding of On Real International Holdings Limited (“the Company”) in a limited number of shareholders as at 3 June 2016.

In view of the high concentration of shareholding in a small number of shareholders, shareholders and prospective investors should be aware that the price of the shares of the Company (“Shares”) could fluctuate substantially even with a small number of Shares traded, and should exercise extreme caution when dealing in the Shares.

The SFC has recently completed an enquiry into the shareholding of the Company. Our findings suggested that as at 3 June 2016, a group of 15 shareholders held an aggregate of 54,488,000 Shares, representing 11.35% of the issued Shares. Such shareholding, together with an aggregate of 386,312,000 Shares (representing 80.48% of the issued Shares) held by a controlling shareholder and 4 substantial shareholders of the Company, represented 91.83% of the issued Shares as at 3 June 2016. Therefore, only 39,200,000 Shares (representing 8.17% of the issued Shares) were held by other shareholders.

As at 3 June 2016, the shareholding structure of the Company was as follows:

Tam Wing Ki_(Note 1)Hsu Wing Sang(Note 2)Solution Smart Holdings Ltd(Note 3)HF Pre-IPO FundHuge China Holdings Ltd(Note 4)_A group of 15 shareholdersOther shareholdersTotal	Number of Shares held(shares)% of total number ofissued Shares(%)179,460,00037.3979,740,00074,412,00026,350,00026,350,00054,488,00039,200,00016.6115.505.495.4911.358.17
	480,000,000100.00

Note 1: Mr. Tam Wing Ki is the Chairman and Executive Director of the Company.

• Note 2: Mr. Hsu Wing Sang was the Executive Director of the Company since 30 June 2014 and resigned with effect from 11 March 2016.

• Note 3: Solution Smart Holdings Limited is wholly owned by SW Venture Asia Limited, which is beneficially owned by Mr. Yeung Shing Wai.

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Note 4: The shares of Huge China Holdings Ltd are listed on the Main Board of the Stock Exchange of Hong Kong (stock code: 428).

The Company was listed on the GEM Board of the Stock Exchange of Hong Kong Limited on 30 September 2015 by way of placing 120,000,000 new Shares, representing 25% of the issued Shares, at $0.57 per placing Share. On the first trading day of 30 September 2015, the Shares closed at $7.10, which was 11.5 times higher than the placing price, with thin turnover of 220,000 shares.

During the period from 2 October 2015 to 3 June 2016, the closing price of the Shares rose to a high of $10.70 on 30 March 2016 and then ease steadily to close at $9.20 on 3 June 2016.

On 14 June 2016, the Company announced the annual results for the year ended 31 March 2016 with a loss attributed to owners of the Company amounted to $14.9 million, as compared with profit of approximately $10.5 million for the year ended 31 March 2015.

As at 20 June 2016, the Share price of the Company closed at $7.30, representing an increase of 11.8 times from the initial placing price of $0.57.

In view of the high concentration of shareholding in a small number of shareholders, shareholders and prospective investors should be aware that the price of the Shares could fluctuate substantially even with a small number of Shares traded, and should exercise extreme caution when dealing in the Shares.

End

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