Comtec Solar Systems Group Limited — Regulatory Filings 2016

Sep 2, 2016

Hong Kong Exchanges and Clearing Limited and The Stock Exchange of Hong Kong Limited take no responsibility for the contents of this notice, 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 notice.

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Sun East Technology (Holdings) Limited 日東科技（控股）有限公司 *

(incorporated in Bermuda with limited liability)

(Stock code: 365)

GRANT OF WAIVER FROM STRICT COMPLIANCE WITH THE MINIMUM PUBLIC FLOAT REQUIREMENT

References are made to (i) the Composite Document dated 2 June 2016 and the supplemental document dated 12 August 2016 jointly issued by Unis Technology Strategy Investment Limited (the “ Offeror ”) and Sun East Technology (Holdings) Limited (the “ Company ”) (the “ Offer Documents ”); and (ii) the joint announcement dated 26 August 2016 issued by the Offeror and the Company in relation to, among others, the close and results of the Offer and public float (the “ Closing Announcement ”). Unless otherwise defined, capitalised terms used herein shall have the same meanings as those defined in the Offer Documents and the Closing Announcement.

As disclosed in the Closing Announcement, upon the close of the Offer on Friday, 26 August 2016, there were 340,473,412 Shares, representing approximately 23.40% of the issued share capital of the Company, held by the public (as defined in the Listing Rules). Accordingly, the minimum public float requirement of 25% under Rule 8.08(1)(a) of the Listing Rules is not satisfied. An application has been made to the Stock Exchange for a waiver from strict compliance with Rule 8.08(1)(a) of the Listing Rules (the “ Waiver ”) for the period from 27 August 2016 up to and including 26 November 2016 (the “ Waiver Period ”). On 2 September 2016, the Stock Exchange has granted the Waiver to the Company for the Waiver Period, subject to the issue of this announcement.

As disclosed in the Offer Documents, the ultimate beneficial shareholder of the Offeror is Tsinghua Unigroup, which is owned as to 51% by Tsinghua Holdings and as to 49% by Beijing Jiankun. Tsinghua Holdings is a wholly-owned subsidiary of Tsinghua University, which is a tertiary education institution directly under the Ministry of Education of the People’s Republic of China.

Based on the information provided by the Offeror, the Company understands that the Offeror will be required to report to and seek internal approval from Tsinghua Holdings in respect of the proposed plan to restore the minimum public float of the Company. The Offeror considers that a three-month period would be commercially sensible and realistic for identifying suitable independent third party investor(s) in the market, negotiating and finalising the terms of the transaction documents and completing the relevant internal reporting and approval procedures.

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Further announcement(s) will be made by the Company regarding the restoration of minimum public float as and when appropriate in compliance with the Listing Rules.

By Order of the Board Sun East Technology (Holdings) Limited QI Lian Chairman

Hong Kong, 2 September 2016

As at the date of this announcement, the Directors are Mr. Qi Lian, Mr. Xia Yuan, Mr. Zhang Yonghong and Mr. But Tin Fu as executive Directors; and Mr. See Tak Wah, Prof. Xu Yang Sheng and Mr. Li Wanshou as independent non-executive Directors.

• for identification purposes only

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