Comtec Solar Systems Group Limited — Regulatory Filings 2016

Jun 29, 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.

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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)

CHANGE OF FINANCIAL YEAR END DATE

AND

PROPOSED CHANGES OF COMPANY NAME

CHANGE OF FINANCIAL YEAR END DATE

The Board announces that the financial year end date of the Company has been changed from 31 March to 31 December commencing from the financial year ending on 31 December 2016. Accordingly, the current financial period will cover the 9-month period from 1 April 2016 to 31 December 2016.

PROPOSED CHANGES OF COMPANY NAME

The Board proposes to change the English name of the Company from “Sun East Technology (Holdings) Limited” to “Unisplendour Technology (Holdings) Limited” and to adopt “ 紫光科技（控 股）有限公司” as the secondary name of the Company in Chinese to replace its existing Chinese name of “ 日東科技（控股）有限公司 ”, which is currently used for identification purposes only.

An AGM will be convened and held for the Shareholders to consider and, if thought fit, approve the Changes of Company Name. A circular containing, among other things, information relating to the Proposed Changes of the Company Name with a notice of the AGM, will be despatched to the Shareholders in due course.

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CHANGE OF FINANCIAL YEAR END DATE

The board of directors (the “ Board ”) of Sun East Technology (Holdings) Limited (the “ Company ”) announces that the financial year end date of the Company has been changed from 31 March to 31 December commencing from the financial year ending on 31 December 2016. Accordingly, the current financial period will cover the 9-month period from 1 April 2016 to 31 December 2016.

Reasons for the Change of Financial Year End Date

Reference is made to the joint announcement of the Company and Unis Technology Strategy Investment Limited (the “ Offeror ”) dated 30 May 2016 in relation to the completion of the subscription of new shares of the Company (the “ Shares ”) and convertible bonds of the Company by the subscribers (the “ Completion Announcement ”), which led to a change of control of the Company to the Offeror. In order to align the Company’s financial year end date with that of the Offeror and to streamline the preparation of the consolidated financial statements of the Group, the Board has decided to change the financial year end date of the Company from 31 March to 31 December.

The Board does not foresee any material adverse impact on the financial position of the Company or its subsidiaries (the “ Group ”) as a result of the change of financial year end date, and confirms there are no other significant matters that need to be brought to the attention of the shareholders of the Company (the “ Shareholders ”) in this regard. In addition, the Board confirms that the change of financial year end date does not violate the bye-laws of the Company (the “ Bye-laws ”) and the laws and regulations of Bermuda.

Subsequent Financial Reporting Periods

Following the change of the financial year end date of the Company, the Company will announce and publish its financial results and financial reports for the respective reporting periods as follows:

Latest date for results Latest date for the despatch Financial period covered announcement of financial reports Audited final results for the year 30 June 2016 31 July 2016 ended 31 March 2016 (unaffected) (unaffected) Unaudited interim results for the six 30 November 2016 31 December 2016 months ending 30 September 2016 (unaffected) (unaffected) Audited final results for the nine 31 March 2017 30 April 2017 months ending 31 December 2016 Unaudited interim results for the six 31 August 2017 30 September 2017 months ending 30 June 2017

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PROPOSED CHANGES OF COMPANY NAME

The Board proposes to change the English name of the Company from “Sun East Technology (Holdings) Limited” to “Unisplendour Technology (Holdings) Limited” and to adopt “ 紫光科技（控股）有限公司 ” as the secondary name of the Company in Chinese to replace its existing Chinese name of “ 日東科技 （控股）有限公司 ”, which is currently used for identification purposes only (the “ Changes of Company Name ”).

CONDITIONS FOR THE CHANGES OF COMPANY NAME

The proposed Changes of Company Name is subject to (i) the passing of a special resolution by the Shareholders at the next annual general meeting of the Company (“ AGM ”) to approve the Changes of Company Name; and (ii) the Registrar of Companies in Bermuda approving the Changes of Company Name.

Subject to the satisfaction of the conditions set out above, the Changes of Company Name will take effect from the date of registration as set out in the certificate of incorporation on the change of name and the certificate of secondary name issued by the Registrar of Companies in Bermuda. The Company will further carry out the necessary filing procedures with the Companies Registry in Hong Kong. In addition, subject to the confirmation of The Stock Exchange of Hong Kong Limited (the “ Stock Exchange ”), the stock short name for trading in the Shares and the new logo of the Company will also be changed after the Changes of Company Name becoming effective.

Reasons for the Changes of the Company Name

Reference is made to the Completion Announcement. While the Company intends to continue the operation of its existing businesses of manufacture and sale of production equipment and production lines for the manufacturing industries including semi-conductor, electronic and logistics industries, it is committed to innovation and diversification of its products and has invested significantly in the development of smart and automated production equipment and production lines. The net proceeds from the subscriptions will be utilized mainly, among other uses, to expand and technologically upgrade the existing businesses of the Group. The Board considers that the Changes of Company Name will better reflect the commitment of the Company’s new controlling Shareholders to facilitate the Group in its plan to further expand and technologically upgrade its existing businesses, and provide a more coherent corporate image and identity of the Company.

The Board is of the opinion that the proposed Changes of Company Name is in the best interests of the Company and the Shareholders as a whole.

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Effect of the Changes of the Company Name

The Changes of Company Name will not, of itself, affect any rights of the Shareholders or the Company’s daily business operation and its financial position. All existing share certificates of the Company in issue bearing the existing name of the Company will, after the Changes of Company Name becoming effective, continue to be effective and as documents of title to the shares of the Company and will remain valid for trading, settlement, registration and delivery purposes. Accordingly, there will not be any arrangement for free exchange of the existing share certificates for new share certificates bearing the new name of the Company. Upon the Changes of Company Name becoming effective, new share certificates of the Company will be issued under the new name of the Company.

GENERAL

An AGM will be convened to consider and, if thought fit, approve the proposed Changes of Company Name. A circular containing, among other things, information relating to the proposed Changes of Company Name with a notice of the AGM, will be despatched to the Shareholders in due course.

Further announcements will be made by the Company to inform the Shareholders of the results of the AGM, the effective dates of the Changes of Company Name, the new English and Chinese stock short names of the Company under which Shares will be traded on the Stock Exchange and the new logo of the Company in due course.

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

Hong Kong, 29 June 2016

As at the date of this announcement, the Board comprises:

Mr. Qi Lian, Mr. Xia Yuan, Mr. But Tin Fu, Mr. But Tin Hing, Mr. Leung Cheong and Mr. Leung Kuen, Ivan 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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