China Energy Storage Technology Development Limited — M&A Activity 2017

Mar 8, 2017

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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CHINA HEALTHCARE ENTERPRISE GROUP LIMITED 華 夏 健 康 產 業 集 團 有 限 公 司

(incorporated in the Cayman Islands with limited liability)

(Stock Code: 1143)

LAPSE OF MEMORANDUM OF UNDERSTANDING

Reference is made to the Company’s announcements dated 22 June 2016 and 29 June 2016 respectively (the ‘‘Announcements’’) in relation to the MOU regarding the Proposed Acquisition. Capitalised terms used in this announcement shall have the same meanings as those defined in the Announcements unless otherwise stated.

The Company wishes to announce that the MOU has lapsed pursuant to the terms of the MOU and the Deposit of HK$140 million has been returned by the Vendor to the Purchaser. Accordingly, the deed of charge signed by the Vendor and the deed of charge signed by the Target Company both in favour of the Purchaser to secure the repayment of the Deposit had been released. The lapse of the MOU will not have any adverse impact on the business and operation of the Company.

By Order of the Board China Healthcare Enterprise Group Limited Gong Shaoxiang Chairman and Executive Director

Hong Kong, 8 March 2017

As at the date of this announcement, the Board comprises Mr. Gong Shaoxiang (Chairman) and Mr. Lee Chi Hwa Joshua as executive Directors, Mr. Cao Yuyun and Mr. Chan Kin Sang as non-executive Directors and Mr. Bao Jinqiao, Mr. Wong Chun Hung and Mr. Leung Pok Man as independent non-executive Directors.