CMON Limited — M&A Activity 2009

Aug 4, 2009

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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HOLDING ANNOUNCEMENT

Reference is made to the holding announcements by Shenyang Public Utility Holdings Company Limited (the “ Company ”) dated 24 March, 27 April, 1 June and 3 July 2009 respectively. The board of directors (the “ Board ”) of the Company makes this holding announcement to inform the public of the current status of the Company.

As advised by Beijing Mingde Guangye Investment Consultant Company Limited (北京明德 廣業投資咨詢有限公司) (“ Beijing Mingde Guangye ”), Beijing Mingde Guangye is in the process of finalizing the terms of appointment with a proposed law firm and structuring the unconditional mandatory cash offer (the “ Offer ”) pursuant to Rule 26 of the Hong Kong Code on Takeovers and Mergers (the “ Code ”).

Beijing Mingde Guangye is also in the process of discussing the terms of the Offer with a proposed overseas partner.

Further announcement(s) setting out details of the Offer will be published as soon as possible and in any event in compliance with the Code.

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

Shenyang, PRC 4 August 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

The directors of the Company jointly and severally accept full responsibility for the accuracy of information contained in this announcement and confirm, having made all reasonable inquiries, that to the best of their knowledge, opinions expressed in this announcement have been arrived at after due and careful consideration and there are no other facts not contained in this announcement, the omission of which would make any statement in this announcement misleading.

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