CMON Limited — Capital/Financing Update 2016

Feb 11, 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.

瀋陽公用發展股份有限公司 Shenyang Public Utility Holdings Company Limited

(a joint stock limited company incorporated in the People’s Republic of China)

(Stock code: 747)

COMPLETION OF PLACING OF NEW H-SHARES UNDER GENERAL MANDATE

The Board announces that all conditions precedent under the Placing Agreement have been fulfilled and the completion of the Placing took place on 11 February 2016. An aggregate of 100,896,000 Placing Shares have been successfully placed by the Placing Agent to not less than six Placees at the Placing Price of HK$1.19 per Placing Share pursuant to the terms and conditions of the Placing Agreement.

Reference is made to the announcement (the “ Announcement ”) of Shenyang Public Utility Holdings Company Limited (the “ Company ”) dated 19 January 2016 in relation to the proposed placing of H-Shares. Terms defined in the Announcement shall have the same meanings when used herein unless the context requires otherwise.

COMPLETION OF THE PLACING

The Board announces that all conditions precedent under the Placing Agreement have been fulfilled and the completion of the Placing took place on 11 February 2016. An aggregate of 100,896,000 Placing Shares, representing approximately 7.61% of the total issued share capital of the Company as at the date of this announcement immediately after completion of the Placing have been successfully placed by the Placing Agent to not less than six Placees at the Placing Price of HK$1.19 per Placing Share pursuant to the terms and conditions of the Placing Agreement.

To the best of the Directors’ knowledge, information and belief, having made all reasonable enquiries, the Placees and their ultimate beneficial owners are Independent Third Parties. None of the Placees has become a substantial Shareholder (as defined under the Listing Rules) immediately after the Placing. The net proceeds from the Placing is approximately HK$117.64 million which is intended to use as general working capital of the Group.

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EFFECTS ON SHAREHOLDING STRUCTURE

The 100,896,000 Placing Shares represent approximately 7.61% of the issued share capital of the Company immediately upon completion of the Placing.

Set out below is the shareholding structure of the Company immediately before and after completion of the Placing:

Domestic SharesShenzhen Jinma AssetManagement Company LimitedOther ShareholdersH-SharesPublic ShareholdersPlaceesTotal	Immediately beforecompletion of the PlacingNumberof SharesApproximate% of issuedShares600,000,00049.00120,000,0009.80499,132,00040.765,348,0000.441,224,480,000100.00	Immediately aftercompletion of the PlacingNumberof SharesApproximate% of issuedShares600,000,00045.27120,000,0009.05499,132,00037.66106,244,0008.021,325,376,000100.00	Immediately aftercompletion of the PlacingNumberof SharesApproximate% of issuedShares600,000,00045.27120,000,0009.05499,132,00037.66106,244,0008.021,325,376,000100.00
			100.00

Note: The Placing Shares were placed by the Placing Agent and the sub-placing agent to not less than six independent Placees and none of the Placees were or became a substantial Shareholder upon completion or as a result of the Placing. Accordingly, the Shares held by the Placees is regarded as being held by the public.

By Order of the Board Shenyang Public Utility Holdings Company Limited Zhang Jing Ming Chairman

Shenyang, the PRC, 11 February 2016

As at the date of this announcement, the executive directors of the Company are Mr. Zhang Jing Ming, Mr. Deng Xiao Gang and Mr. Huang Zhen Kun, the non-executive directors are Mr. Yin Zong Chen and Ms. Li Yu Xiang and the independent non-executive directors are Mr. Chan Ming Sun Jonathan, Mr. He Qing Jia and Mr. Yu Guan Jian.

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