Comtec Solar Systems Group Limited — Capital/Financing Update 2016

Aug 18, 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.

卡姆丹克太陽能系統集團有限公司 Comtec Solar Systems Group Limited (Incorporated in the Cayman Islands with limited liability) (Stock code: 712)

COMPLETION OF SUBSCRIPTION OF NEW SHARES UNDER THE GENERAL MANDATE

Reference is made to the announcement (‘‘Announcement’’) of Comtec Solar Systems Group Limited (the ‘‘Company’’) dated 8 July 2016 in relation to the subscription agreement entered into by the Company and Shanghai Hengqu Internet Technology Co., Ltd.* (上海恒渠互聯網科技有限公司) (the ‘‘Subscriber’’) on 8 July 2016. Unless otherwise stated, terms defined in the Announcement shall have the same meanings when used in this announcement.

The Board is pleased to announce that all Conditions Precedent of the Subscription Agreement have been fulfilled and the Completion took place on 18 August 2016. Pursuant to the Subscription Agreement, an aggregate of 154,651,306 Subscription Shares have been allotted and issued to Harmony Gold Venture Corp (the ‘‘Subscriber Subsidiary’’), a company incorporated in the British Virgin Islands and a wholly-owned subsidiary of the Subscriber as designated by the Subscriber, at the Subscription Price of HK$0.46 per Subscription Share. The Subscription Shares had been issued under the General Mandate.

Upon the Completion, the Subscriber Subsidiary owns 154,651,306 Subscription Shares, representing approximately 10.0% of the issued share capital of the Company (as enlarged by the Subscription).

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The net proceeds from the Subscription amounted to approximately HK$70.4 million and will be used for any investment opportunity to be identified by the Group and as general working capital of the Group.

• For identification purpose only

By order of the board of Comtec Solar Systems Group Limited John Yi ZHANG Chairman

Hong Kong, 18 August 2016

As at the date of this announcement, the executive Directors are Mr. John Yi Zhang and Mr. Chau Kwok Keung, the non-executive Director is Mr. Donald Huang, and the independent non-executive Directors are Mr. Leung Ming Shu, Mr. Kang Sun and Mr. Daniel DeWitt Martin.

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