China Energy Storage Technology Development Limited — Capital/Financing Update 2021

Nov 22, 2021

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.

This announcement is for information purposes only and does not constitute an invitation or offer to acquire, purchase or subscribe for the securities of the Company.

Link-Asia International MedTech Group Limited 環亞國際醫療科技集團有限公司

(incorporated in the Cayman Islands with limited liability)

(Stock code: 1143)

RESULTS OF THE RIGHTS ISSUE ON THE BASIS OF ONE (1) RIGHTS SHARE FOR EVERY TWO (2) EXISTING SHARES HELD ON RECORD DATE

Financial adviser to the Company

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Underwriter to the Rights Issue

Reference is made to the prospectus of Link-Asia International MedTech Group Limited (the ‘‘Company’’) dated 1 November 2021 (the ‘‘Prospectus’’) in relation to the Rights Issue. Unless otherwise stated, capitalised terms used in this announcement shall have the same meanings as those defined in the Prospectus.

RESULTS OF THE RIGHTS ISSUE

The Board is pleased to announce that all the conditions precedent set out in the Underwriting Agreement had been fulfilled and the Underwriting Agreement had not been terminated by the Underwriter prior to the Latest Time for Termination. Accordingly, the Underwriting Agreement and the Rights Issue became unconditional at 4:00 p.m. on Tuesday, 16 November 2021.

As at 4:00 p.m. on Monday, 15 November 2021, being the Latest Time for Acceptance, (i) a total of 7 valid acceptances of provisional allotments under the PALs had been received for a total of 40,047,559 Rights Shares, representing approximately 13.00% of the total number

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of 308,121,285 Rights Shares available for subscription under the Rights Issue; and (ii) a total of 7 valid applications for Excess Rights Shares under the EAFs had been received for a total of 15,851,395 Rights Shares, representing approximately 5.14% of the total number of 308,121,285 Rights Shares available for subscription under the Rights Issue.

In aggregate, 14 valid acceptances and applications in respect of a total of 55,898,954 Rights Shares under the PALs and the EAFs, representing approximately 18.14% of the total number of 308,121,285 Rights Shares available for subscription under the Rights Issue, had been received.

Based on the above results, the Rights Issue was under-subscribed by 252,222,331 Rights Shares, representing approximately 81.86% of the total number of 308,121,285 Rights Shares available for subscription under the Rights Issue.

EXCESS RIGHTS SHARES

As the Rights Shares were under-subscribed, all 7 valid excess applications have been accepted and a total of 15,851,395 Excess Rights Shares will be allotted and issued to the relevant applicants in full. Accordingly, no refund cheques for wholly and partially unsuccessful applications for Excess Rights Shares will be posted.

THE UNDERWRITING AGREEMENT

As a result of the under-subscription of the Rights Issue and in accordance with the terms of the Underwriting Agreement, the Underwriter, on a best effort basis, has procured subscribers to subscribe for 252,222,331 Rights Shares, representing approximately 81.86% of the total number of 308,121,285 Rights Shares available for subscription under the Rights Issue. To the best of the Directors’ knowledge, information and belief having made all reasonable enquiries, all subscribers procured by the Underwriter are Independent Third Parties and each of the subscribers is not a party acting in concert with each other and none of the subscribers procured by the Underwriter hold 10% or more of the voting rights of the Company immediately after completion of the Rights Issue.

After the subscribers’ subscription procured by the Underwriter, the Rights Issue was finally fully subscribed. The details of the shareholding structure of the Company are shown in the section ‘‘SHAREHOLDING STRUCTURE OF THE COMPANY’’ below in this announcement.

USE OF PROCEEDS

The gross proceeds from the Rights Issue are approximately HK$61.62 million and the net proceeds from the Rights Issue, after deducting professional fees and all other relevant expenses, are estimated to be approximately HK$58.71 million. The Company will apply the net proceeds of the Rights Issue in proportion to the proposed use of proceeds as set out in the section headed ‘‘LETTER FROM THE BOARD — INTENDED USE OF PROCEEDS’’ in the Prospectus.

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SHAREHOLDING STRUCTURE OF THE COMPANY

To the best of the Directors’ knowledge, information and belief having made all reasonable enquiries, the shareholding structure of the Company immediately before and after completion of the Rights Issue is set out below:

Power Port Holdings Limited(Note 1)Keywan Global Limited (Note 2)Subscribers procured by theUnderwriterOther ShareholdersTotal	Immediately beforecompletion of the Rights IssueNumber ofissued SharesApproximate%75,817,00012.30%49,500,0008.03%——490,925,57079.67%616,242,570100.00%	Immediately aftercompletion of the Rights IssueNumber ofissued SharesApproximate%75,817,0008.20%49,500,0005.35%252,222,33127.29%546,824,52459.16%924,363,855100.00%	Immediately aftercompletion of the Rights IssueNumber ofissued SharesApproximate%75,817,0008.20%49,500,0005.35%252,222,33127.29%546,824,52459.16%924,363,855100.00%
			100.00%

Notes:

1. Power Port Holdings Limited, which is a company incorporated in the British Virgin Islands, is whollyowned by Ms. Yang Changrong.

2. Keywan Global Limited, which is a company incorporated in the British Virgin Islands, is wholly-owned by Mr. He Xiaoming.

SCALE-DOWN MECHANISM OF THE RIGHTS ISSUE

As stated in the Prospectus, all applications for Rights Shares whether under the PAL(s) or the EAF(s), or by transferees of nil-paid Rights Shares, or by subscribers procured by the Underwriter will be made on the basis that the applications are to be scaled-down by the Company to a level which (a) does not trigger an MGO Obligation on the part of the applicant or parties acting in concert with him/her/it; and/or (b) does not result in the noncompliance of the Public Float Requirement on the part of the Company. To the best of the Directors’ knowledge, information and belief having made all reasonable enquiries, after considering the allotment results of the Rights Issue, the Company is not aware of any applications for Rights Shares by any applicants which would result in either the incurring of an MGO Obligation or the non-compliance of the Public Float Requirement. Accordingly, the scaling-down mechanism has not been triggered and all the applications for Rights Shares are not required to be scaled-down by the Company.

DESPATCH OF SHARE CERTIFICATES

Share certificates for all fully-paid Rights Shares will be despatched to the relevant applicants by ordinary post, at their own risk, to their registered addresses on Tuesday, 23 November 2021.

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COMMENCEMENT OF DEALINGS IN THE FULLY-PAID RIGHTS SHARES

Dealings in the fully-paid Rights Shares are expected to commence on the Stock Exchange at 9:00 a.m. on Wednesday, 24 November 2021.

ARRANGEMENT ON ODD LOT TRADING

In order to facilitate the trading of odd lots (if any) of the Shares, the Company has appointed Koala Securities Limited to stand in the market to match the purchase and sale of odd lots of the Shares at the relevant market price, on a best effort basis. Holders of odd lots of the Shares who wish to take advantage of this facility either to dispose of their odd lots of the Shares or to top up to a full board lot may contact Miss Chan at (852) 3700 7899 during the period from Wednesday, 24 November 2021 at 9:00 a.m. to Wednesday, 15 December 2021 at 4:00 p.m., both days inclusive. Holders of the odd lots of the Shares should note that the matching of the sale and purchase of odd lots of the Shares is not guaranteed. Any Shareholder, who is in any doubt about the odd lot facility, is recommended to consult his/her/its own professional advisers.

By order of the Board Link-Asia International MedTech Group Limited Lin Dailian Chairman and executive Director

Hong Kong, 22 November 2021

As at the date of this announcement, the Board comprises Mr. Lin Dailian (Chairman), Mr. Wang Guozhen, Mr. Duan Chuanhong and Mr. Xia Xiaobing as executive Directors; Mr. Li Huiwu, Mr. Yang Weidong and Mr. Chak Chi Shing as independent non-executive Directors.

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