Dufu Liquor Group Limited — M&A Activity 2011

Feb 22, 2011

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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NAM HING HOLDINGS LIMITED 南興集團有限公司[*]

(Incorporated in Bermuda with limited liability)

(Stock code: 986)

EXTENSION OF FRAMEWORK AGREEMENT RELATING TO POSSIBLE ACQUISITION OF RECYCLING BUSINESS

Reference is made to the announcement of the Company dated 19 November 2010, 30 November 2010 and 4 January 2011 (the “ Announcements ”) in relation to the Possible Acquisition of the Target Company. Unless otherwise stated, terms used herein shall have the same meanings as ascribed thereto in the Announcements.

Under the Framework Agreement, the Vendor has granted an exclusive period of three months from the date of the Framework Agreement for the Possible Acquisition, during which it shall not be engaged in negotiations with any other third party for the Possible Acquisition (the “ Exclusivity ”). On 22 February 2011, the Purchaser entered into a supplemental agreement with the Vendors to extend the Exclusivity period for three-month period to up to 19 May 2011 as supplement to the Framework Agreement.

Save as the extension of the Exclusivity period, all other terms and conditions of the Framework Agreement should remain valid.

In the event that the Possible Acquisition materialises, the Possible Acquisition may constitute a notifiable transaction for the Company under Chapter 14 of the Listing Rules. The Company shall comply with the relevant disclosure requirement under the Listing Rules regarding the Possible Acquisition at all times.

• For identification purposes only

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The Board wishes to emphasize that the Possible Acquisition is subject to, among other things, the signing of a formal agreement for the sale and purchase of 80% of the issued share capital of the Target Company, the terms and conditions of which are yet to be agreed. As the Possible Acquisition may or may not proceed, potential investors and Shareholders are advised to exercise caution when dealing in the Share.

By order of the Board Nam Hing Holdings Limited Chen Tong Chairman

Hong Kong, 22 February, 2011

As at the date of this announcement, the Board comprises five Executive Directors, namely, Ms Chen Tong (Chairman), Ms Deng Hong Mei, Ms Chan Ching Ho, Kitty, Mr Xiang Liang and Mr Lau Chung Yim; one non-executive director, namely Ms Yao Zhengwei; and three independent non-executive directors, namely Mr Yau Kwan Shan, Mr Lam Kwan Fu and Ms Zhou Jue.

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