DIT Group Limited — Capital/Financing Update 2017

Feb 20, 2017

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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China Minsheng Drawin Technology Group Limited 中民築友科技集團有限公司 (Incorporated in Bermuda with limited liability) (Stock Code: 726)

DISCLOSEABLE TRANSACTIONS SUBSCRIPTIONS OF THE WEALTH MANAGEMENT PRODUCTS

The Board hereby announced that, on 20 February 2017, the Company subscribed for two Wealth Management Products issued by CCB Changsha Branch at a consideration of RMB50 million respectively.

As the applicable percentage ratios (as defined under Rule 14.07 of the Listing Rules) in respect of the subscription amounts on an individual basis and on an aggregated basis together with the outstanding wealth management product of a similar nature held by the Company with the same bank exceed 5% but are lower than 25%, the transactions constitute discloseable transactions of the Company under Chapter 14 of the Listing Rules and are subject to the reporting and announcement requirements under the Listing Rules. The Wealth Management Products are accounted for as a structured deposit in the financial statements of the Company.

WEALTH MANAGEMENT PRODUCT NO. 1

Date of subscription:	20 February 2017
Term of investment:	21 February 2017–23 May 2017 (91 days)
Underlying investment portfolio:	Mainly investing in bonds or monetary market
	instruments with higher credit ratings and higher
	liquidity in the inter-bank market, including but not
	limited to assets such as treasury bonds, central bank
	bills, financial bonds, bond repurchases and inter-
	bank deposits

Parties:

The Company and CCB Changsha Branch

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Type of Wealth Management	Principal-guaranteed with floating interest income
Product:
Consideration of subscription:	RMB50 million
Expected annual yield rate:	3.5%
Interest calculation:	Yield = principal of subscription × annualized
	yield rate at maturity × number of actual wealth
	management days/365
Redemption:	During the term of investment, the principal
	subscription amount can only be withdrawn at
	maturity and can be transferred to or taken out by a
	third party willing to take up the placement.
WEALTH MANAGEMENT PRODUCT NO. 2
Date of subscription:	20 February 2017
Term of investment:	22 February 2017–25 April 2017 (62 days)
Underlying investment portfolio:	Mainly investing in bonds or monetary market
	instruments with higher credit ratings and higher
	liquidity in the inter-bank market, including but not
	limited to assets such as treasury bonds, central bank
	bills, financial bonds, bond repurchases and inter-
	bank deposits
Parties:	The Company and CCB Changsha Branch
Type of Wealth Management	Principal-guaranteed with floating interest income
Product:
Consideration of subscription:	RMB50 million
Expected annual yield rate:	2.2%
Interest calculation:	Yield = principal of subscription × annualized
	yield rate at maturity × number of actual wealth
	management days/365
Redemption:	During the term of investment, the principal
	subscription amount can be early withdrawn.

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BASIS OF DETERMINATION FOR THE CONSIDERATION

The Directors confirm that the consideration of the subscriptions for the Wealth Management Products set forth above was determined on the basis of commercial terms negotiated at arm’s length.

REASONS AND BENEFITS FOR THE SUBSCRIPTIONS

As the Wealth Management Products offer better returns together with principal-guaranteed features to the Company when compared to the fixed-term deposit interest rates offered by commercial banks in the PRC, the Directors consider that the subscriptions for the Wealth Management Products using certain temporarily idle funds is on normal commercial terms and are fair and reasonable and is in the interest of the Company and the Shareholders as a whole.

INFORMATION ABOUT THE COMPANY

The principal activities of the Company and its subsidiaries are property investment and prefabricated construction work in the PRC.

IMPLICATION UNDER THE LISTING RULES

The subscription amounts of Wealth Management Products are RMB100 million in aggregate. As the applicable percentage ratios (as defined under Rule 14.07 of the Listing Rules) in respect of the subscription amounts on an individual basis and on an aggregated basis together with the outstanding wealth management product of a similar nature held by the Company with the same bank exceed 5% but are lower than 25%, the transactions constitute discloseable transactions of the Company under Chapter 14 of the Listing Rules and are subject to the reporting and announcement requirements under the Listing Rules. The Wealth Management Products are accounted for as a structured deposit in the financial statements of the Company.

DEFINITIONS

In this announcement, the following expressions have the following meanings unless the context otherwise requires:

“Board” the board of Directors “CCB” China Construction Bank Corporation, a licensed bank incorporated under the law of the PRC and listed on the Shanghai Stock Exchange (Stock Code: 601939). To the Directors’ best knowledge, information and belief, having made all reasonable enquiry, CCB and its ultimate beneficial owners are Independent Third Parties.

“Company” China Minsheng Drawin Technology Group Limited (中民築友科 技集團有限公司), a company incorporated in Bermuda with limited liability and listed on the Main Board of the Stock Exchange (Stock Code: 00726)

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“Director(s)”	the director(s) of the Company
“Hong Kong”	the Hong Kong Special Administrative Region of the PRC
“Independent Third	third parties independent from the Company and its connected
Parties”	persons
“Listing Rules”	the Rules Governing the Listing of Securities on The Stock
	Exchange of Hong Kong Limited
“PRC”	the People’s Republic of China, but for the purposes of this
	announcement only, excluding Hong Kong, Macau Special
	Administrative Region and Taiwan
“RMB”	Renminbi, the lawful currency of the PRC
“Share(s)”	share(s) of Hong Kong dollar 0.1 each in the capital of the
	Company
“Shareholder(s)”	holder(s) of the Share(s) of the Company
“Stock Exchange”	The Stock Exchange of Hong Kong Limited
“Wealth Management	Wealth Management Products issued by CCB, the main terms of
Product”	which are summarized in this announcement
“%”	percent
	By order of the Board
	China Minsheng Drawin Technology Group Limited
	Yin Jun
	Chairman

Hong Kong, 20 February 2017

As at the date of this announcement, the Board comprises Mr. Yin Jun (Chairman), Mr. Chen Domingo and Mr. Mi Hongjun as executive directors; Mr. Chen Donghui, Ms. Gan Ping, Mr. Zhao Xiaodong and Mr. Zhou Feng as non-executive directors; Mr. Chan Chi Hung, Mr. Jiang Hongqing, Mr. Lee Chi Ming, and Mr. Ma Lishan as independent non-executive director.

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