CMON Limited — Capital/Financing Update 2009

Dec 23, 2009

The Stock Exchange of Hong Kong Limited takes no responsibility for the contents of this announcement, makes no representation as to its accuracy or completeness and expressly disclaims 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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SUPPLEMENTAL AGREEMENTS CONCERNING THE DISPOSAL OF 80% EQUITY INTEREST IN BEIJING DIYE – Extension of Long Stop Date

Reference is made to the announcement dated of the Company dated 10 August 2009 in relation to disposal of 80% equity interest in Beijing Diye (the “ Announcement ”). Terms used herein shall have the same meanings as those defined in the Announcement unless the context requires otherwise.

On 31 December 2008, the Company, Zhong Yi and Beijing Diye entered into the Disposal Agreement, pursuant to which, Zhong Yi has conditionally agreed to purchase and the Company has conditionally agreed to sell the Company’s entire 80% equity interest in Beijing Diye at a cash consideration of RMB200 million. The Level 1 Development Qualification of Scenic Bay owned by Beijing Diye contributes the principal asset of Beijing Diye. Such consideration would also include the Group’s receivable from Beijing Diye as at 31 December 2008.

On 15 May 2009, the Company, Zhong Yi and Beijing Diye entered into a supplemental agreement for the purpose of extending the long stop date of the Disposal from 30 June 2009 to 31 December 2009.

On 17 December 2009, the Company, Zhong Yi and Beijing Diye entered into another supplemental agreement for the purpose of further extending the long stop date of the Disposal from 31 December 2009 to 30 June 2010 or such later date as may be agreed by both parties to the Disposal Agreement in writing.

Save as the above, all other terms and conditions of the Disposal Agreement and other ancillary agreements/letters remain in full force.

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By order of the Board of Shenyang Public Utility Holdings Company Limited An Mu Zong Executive Director

Shenyang, PRC 23 December 2009

As at the date of this announcement, the directors of the Company are as follows: Executive directors: Mr. An Mu Zong, Mr. Wang Zai Xing, Mr. Chow Ka Wo Alex and Mr. Wang Hui Non-executive directors: Mr. Deng Yan Bin and Mr. Lin Dong Hui

Independent non-executive directors: Mr. Cai Lian Jun, Mr. Wong Kai Tat and Mr. Chan Ming Sun Jonathan

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