Daohe Global Group Limited — Capital/Financing Update 2015

Jun 17, 2015

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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(Incorporated in Bermuda with limited liability)

(Stock code: 915)

COMPLETION OF SUBSCRIPTION OF NEW SHARES UNDER GENERAL MANDATE

Reference is made to the announcement of the Company dated 1 June 2015.

The Board is pleased to announce that all the conditions of the Subscription as set out in the Subscription Agreement have been fulfilled and Completion of the Subscription took place on 17 June 2015 whereby a total of 20,000,000 Subscription Shares were allotted and issued to the Subscribers at the Subscription Price of HK$3.21 per Share under the General Mandate.

The gross proceeds from the Subscription are approximately HK$64,200,000 and the net proceeds from the Subscription are approximately HK$64,000,000 after deducting all relevant costs and expenses.

Reference is made to the announcement (the “ Announcement ”) of the Company dated 1 June 2015 in relation to the Subscription of 20,000,000 Subscription Shares. Unless the context otherwise requires, capitalized items used in this announcement shall have the same meaning as those defined in the Announcement.

COMPLETION OF SUBSCRIPTION OF NEW SHARES UNDER GENERAL MANDATE

The Board is pleased to announce that all the conditions of the Subscription as set out in the Subscription Agreement have been fulfilled and Completion of the Subscription took place on 17 June 2015 whereby a total of 20,000,000 Subscription Shares, representing approximately 2.84% of the issued share capital of the Company as enlarged by the Subscription immediately after Completion, were allotted and issued to the Subscribers at the Subscription Price under the General Mandate.

Prior to Completion, Neo Vantage Developments Limited, Bountiful Links Limited and Full Eminent Trading Limited hold 5,000,000 Shares, 4,500,000 Shares and 4,500,000 Shares respectively, representing approximately 0.73%, 0.66% and 0.66% of the then total issued share capital of the Company respectively. Save as aforesaid, to the best of the knowledge, information and belief of the Directors having made all reasonable enquires, the Subscribers and their ultimate beneficial owners are independent of the Company and its connected persons and none of them has become a substantial shareholder of the Company after Completion.

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The gross proceeds from the Subscription are approximately HK$64,200,000, and the net proceeds from the Subscription are approximately HK$64,000,000 after deducting all relevant costs and expenses incurred in the Subscription.

EFFECT ON SHAREHOLDING STRUCTURE OF THE COMPANY

The shareholding structure of the Company (i) as at the date of the Announcement; and (ii) immediately after Completion, are as follows:

Name of the Shareholders Substantial Shareholders Sino Remittance Holding Limited_(Note 1) Fame City Developments Limited(Note 1) Oceanic Force Limited(Note 1) Winning Port International Limited(Note 1) Directors WONG Hing Lin, Dennis WANG Arthur Minshiang Directors of the Company’s subsidiaries Public Shareholders (including the Subscribers) New Chain Global Limited(Note 2) Exalt Spirit International Limited(Note 2) New Paradise Investments Limited(Note 2) Neo Vantage Developments Limited(Note 2) Bountiful Links Limited(Note 2) Full Eminent Trading Limited(Note 2) Other public Shareholders(Note 2)_ Total:	As at the date of the Announcement Number of Shares % 341,500,000 49.88 39,793,691 5.81 61,361,928 8.96 92,000 0.01 2,500,000 0.37 260,000 0.04 10,011,374 1.46 – – – – – – 5,000,000 0.73 4,500,000 0.66 4,500,000 0.66 215,186,286 31.42 684,705,279 100.00	Number of Subscription Shares – – – – – – 4,000,000 4,000,000 4,000,000 4,000,000 3,500,000 500,000 – 20,000,000	Immediately after Completion	Immediately after Completion
	Number of Shares 341,500,000 39,793,691 61,361,928 92,000 2,500,000 260,000 10,011,374 – – – 5,000,000 4,500,000 4,500,000 215,186,286 684,705,279		Number of Shares 341,500,000 39,793,691 61,361,928 92,000 2,500,000 260,000 10,000 4,000,000 4,000,000 4,000,000 9,000,000 8,000,000 5,000,000 225,187,660 704,705,279	% 48.46 5.65 8.71 0.01 0.35 0.04 0.00 0.57 0.57 0.57 1.28 1.14 0.71 31.94
				100.00

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Notes:

1. Each of Sino Remittance Holding Limited, Fame City Developments Limited, Oceanic Force Limited and Winning Port International Limited is wholly-owned by Daohe Global Investment Holding Limited, which is in turn 80%-owned by Mr. ZHOU Xijian, a non-executive Director and the chairman of the Company and 20%-owned by Mr. ZHANG Qi, an executive Director and the chief executive officer of the Group.

2. Immediately after Completion, the public Shareholders hold an aggregate of 259,187,660 Shares, representing approximately 36.78% of the issued share capital of the Company and therefore the Company is able to satisfy with the public float requirement under the Listing Rules.

By order of the Board Linmark Group Limited ZHOU Xijian Chairman and non-executive Director

Hong Kong, 17 June 2015

As at the date of this announcement, the Board comprises one non-executive Director, being Mr. ZHOU Xijian (Chairman); three executive Directors, being Mr. ZHANG Qi (Chief Executive Officer), Mr. WONG Hing Lin, Dennis (President and Chief Financial Officer) and Mr. HWANG Han-Lung, Basil (General Counsel and Head of Development and Investments); and three independent non-executive Directors, being Mr. WANG Arthur Minshiang, Mr. TSE Hau Yin, Aloysius and Mr. Jakob Jacobus Koert TULLENERS.

• For identification purpose only

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