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E-Commodities Holdings Limited Capital/Financing Update 2010

Sep 27, 2010

50127_rns_2010-09-26_eb3c3369-85d4-4299-a22a-12f917cdf9a5.pdf

Capital/Financing Update

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Unless otherwise defi ned in this announcement, terms defi ned in the prospectus dated 27 September 2010 (the “ Prospectus ”) issued by Winsway Coking Coal Holdings Limited (the “ Company ”) have the same meanings when used in this announcement.

This announcement is for information purposes only and does not constitute an invitation or offer to acquire, purchase or subscribe for the Shares. Potential investors should read the Prospectus for detailed information about the Global Offering described below before deciding whether or not to invest in the Shares thereby being offered.

The information contained herein does not constitute or form part of any offer of securities for sale in the United States. The Offer Shares have not been and will not be registered under the United States Securities Act of 1933, as amended (the “ US Securities Act ”), or any state securities laws of the United States and may not be offered or sold in the United States absent registration or an exemption from registration under the US Securities Act. The Hong Kong Offer Shares are being offered and sold outside the United States to non-U.S. Persons (as defi ned in Regulation S under the US Securities Act). No public offering of securities will be made by the Company in the United States.

Hong Kong Exchanges and Clearing Limited, The Stock Exchange of Hong Kong Limited (the “ Hong Kong Stock Exchange ”) and Hong Kong Securities Clearing Company Limited (“ HKSCC ”) 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.

Potential investors of the Hong Kong Offer Shares should note that the Hong Kong Underwriters are entitled to terminate their obligations under the Hong Kong Underwriting Agreement by notice in writing to be given by the Joint Bookrunners (acting on behalf of all the Hong Kong Underwriters) upon the occurrence of any of the events set forth under the section headed “Underwriting — Underwriting Arrangements and Expenses — Hong Kong Public Offering — Grounds for termination” in the Prospectus at any time prior to 8:00 a.m. (Hong Kong time) on the scheduled Listing Date (which is currently expected to be on Monday, 11 October 2010).

In connection with the Global Offering, Goldman Sachs (Asia) L.L.C., as Stabilising Manager, and/or its affi liates and agents on behalf of the Underwriters, may over-allocate or effect transactions with a view to stabilising or maintaining the market price of the Shares at a level higher than that which might otherwise prevail for a limited period commencing from the day on which the Shares commence trading on the Hong Kong Stock Exchange. However, there is no obligation on the Stabilising Manager or any person acting for it to conduct any such stabilising action. Such stabilisation may be effected in all jurisdictions where it is permissible to do so, in each case in compliance with all applicable laws and regulatory requirements, including the Securities and Futures (Price Stabilising) Rules made under the Securities and Futures Ordinance (Cap. 571 of the Laws of Hong Kong). Such stabilisation, if commenced, will be done by the stabilising manager or any person acting for it and may be discontinued at any time, and must be brought to an end within 30 days of the last day for lodging applications under the Hong Kong Public Offering. The number of Shares being offered in the Global Offering may be increased by up to and not more than an aggregate of 148,500,000 Shares through the exercise of the Over-allotment Option granted to the International Underwriters by the Selling Shareholders exercisable by the Stabilising Manager on behalf of the International Underwriters solely to cover over-allocations (if any) in the International Offering, which option is exercisable at any time from the date of the International Underwriting Agreement until 30 days after the last day for lodging applications under the Hong Kong Public Offering. In the event that such Over-allotment Option is exercised, an announcement will be made.

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WINSWAY COKING COAL HOLDINGS LIMITED 永暉焦煤股份有限公司

(Incorporated in the British Virgin Islands with limited liability)

GLOBAL OFFERING

Number of Offer Shares under : 990,000,000 Shares the Global Offering (subject to the Over-allotment Option) Number of International Placing Shares : 891,000,000 Shares (subject to adjustment and the Over-allotment Option) Number of Hong Kong Offer Shares : 99,000,000 Shares (subject to adjustment) Maximum Offer Price : HK$4.50 per Offer Share, plus 1% brokerage, SFC transaction levy of 0.003% and Hong Kong Stock Exchange trading fee of 0.005% (payable in full on application in Hong Kong dollars and subject to refund) Nominal value : Not applicable Stock code : 1733

Joint Sponsors and Joint Global Coordinators

Joint Bookrunners and Joint Lead Managers

Application has been made to the Listing Committee for the granting of the listing of, and permission to deal in, our Shares in issue, Shares issued upon conversion of the Preference Shares and Convertible Bonds, the Peabody Energy Consideration Shares and the Shares to be issued pursuant to the Global Offering (including any additional Shares which may be issued pursuant to the exercise of options granted under the Pre-IPO Option Scheme). Dealings in the Shares on the Hong Kong Stock Exchange are expected to commence at 9:30 a.m. on Monday, 11 October 2010. The Shares will be traded in board lots of 1,000 Shares each. Subject to the granting of the listing of, and permission to deal in, the Shares on the Hong Kong Stock Exchange as well as compliance with the stock admission requirements of HKSCC, the Shares will be accepted as eligible securities by HKSCC for deposit, clearance and settlement in CCASS with effect from the commencement date of dealings in the Shares on the Hong Kong Stock Exchange or such other date as determined by HKSCC. Settlement of transactions between participants of the Hong Kong Stock Exchange is required to take place in CCASS on the second Business Day after any trading day. All activities

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under CCASS are subject to the General Rules of CCASS and CCASS Operational Procedures in effect from time to time.

The Company is initially offering 99,000,000 Hong Kong Offer Shares, representing 10% of the total number of Shares initially being offered in the Global Offering, for subscription by way of a public offer in Hong Kong at the Offer Price, along with the International Placing of initially 891,000,000 Shares (subject to adjustment and Over-allotment Option). The allocation of the Shares between the Hong Kong Public Offering and the International Placing is subject to adjustment as stated in the paragraph headed “The Hong Kong Public Offering” under the section headed “Structure of the Global Offering” in the Prospectus.

In connection with the Global Offering, the Selling Shareholders intend to grant the Over-allotment Option to the International Underwriters, exercisable by the Stabilising Manager on behalf of the International Underwriters. Pursuant to the Over-allotment Option, the Stabilising Manager will have the right, exercisable at any time from the date of the International Underwriting Agreement up to 30 days from the last day for the lodging of applications under the Hong Kong Public Offering to require the Selling Shareholders to sell up to an aggregate of 148,500,000 additional Shares, representing 15% of the initial Offer Shares, at the Offer Price solely to cover over-allocations in the International Placing, if any. If the Over-allotment Option is exercised in full, the additional Offer Shares will represent approximately 3.92% of the enlarged issued Shares of the Company following the completion of the Global Offering (including Shares in issue as at the date of the Prospectus and those Shares to be issued pursuant to the Global Offering, the automatic conversion of Preference Shares, the full conversion of Convertible Bonds and Peabody Energy Consideration Shares based on the Offer Price of HK$3.875 per Share (being the mid-point of the indicative range of the Offer Price between HK$3.25 and HK$4.50 per Share)) but assuming no option granted under the Pre-IPO Option Scheme is exercised. In the event that the Over-allotment Option is exercised, an announcement will be made.

The Offer Price is expected to be fi xed by agreement between the Joint Bookrunners (on behalf of the Underwriters) and the Company on the Price Determination Date. The Price Determination Date is expected to be Thursday, 30 September 2010 and, in any event, not later than Wednesday, 6 October 2010. The Offer Price will not be more than HK$4.50 per Share and is expected to be not less than HK$3.25 per Share. The Offer Price is expected to fall within the Offer Price range as stated in the Prospectus unless otherwise announced, as further explained below, not later than the morning of the last day for lodging applications under the Hong Kong Public Offering. Investors applying for the Hong Kong Offer Shares must pay, on application, the maximum indicative Offer Price of HK$4.50 for each Offer Share together with brokerage of 1%, SFC transaction levy of 0.003% and Hong Kong Stock Exchange trading fee of 0.005% on each Hong Kong Offer Share subject to refund if the Offer Price is lower than HK$4.50 per Share. The Joint Bookrunners, on behalf of the Underwriters, may, where considered appropriate, based on the level of interest expressed by prospective professional, institutional, corporate and other investors during the bookbuilding process, and with the consent of the Company, reduce the number of Offer Shares being offered under the Global Offering and/or the indicative Offer Price range below that stated in the Prospectus at any time prior to the morning of the last day for lodging applications under the Hong Kong Public Offering. In such a case, the Company will, as soon as practicable following the decision to make such reduction, and in any event not later than the morning of the day which is the last day for the lodging of applications under the Hong Kong Public Offering, cause there to be

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published in the South China Morning Post (in English) and the Hong Kong Economic Times (in Chinese) and on the Company’s website at www.winsway.com and the website of the Hong Kong Stock Exchange at www.hkexnews.hk notices of the reduction in the number of Offer Shares and/ or the indicative Offer Price range. Upon issue of such a notice, the number of Offer Shares and/ or the revised Offer Price range will be fi nal and conclusive and the Offer Price, if agreed upon by the Joint Bookrunners, on behalf of the Underwriters, and the Company, will be fi xed within such revised Offer Price range. Such notice will also include confi rmation or revision, as appropriate, of the working capital statement, the offer statistics as currently set out in “Summary” in the Prospectus, and any other fi nancial information which may change as a result of such reduction. If applications for Hong Kong Offer Shares have been submitted, then even if the number of Offer Shares and/or the Offer Price range is so reduced, such applications cannot be subsequently withdrawn. If the Company and the Joint Bookrunners (on behalf of the Underwriters), are unable to reach agreement on the Offer Price on or before Wednesday, 6 October 2010, the Global Offering will not proceed and will lapse.

The Hong Kong Public Offering is conditional on the fulfi lment of the conditions as stated in the paragraph headed “Conditions of the Hong Kong Public Offering” under the section headed “Structure of the Global Offering” in the Prospectus. If the Hong Kong Public Offering does not become unconditional, all application monies will be returned to the applicants, and in the event that the Offer Price as fi nally determined is less than the Offer Price of HK$4.50 per Share initially paid on application, the appropriate portion of the application monies will be refunded, in each case without interest and on the terms set out under the paragraphs headed “11. Refund of Application Monies” and “3. Applying by Giving Electronic Application Instructions to HKSCC via CCASS” in the section headed “How to Apply for Hong Kong Offer Shares”. Refund payments will also be made in respect of wholly or partially unsuccessful applications.

Applications for the Hong Kong Offer Shares will only be considered on the basis of the terms and conditions of the Prospectus and the related Application Forms. Applicants who wish to be allotted the Hong Kong Offer Shares in their own names should (i) complete and sign the WHITE Application Form; or (ii) submit applications online through the designated website of the White Form eIPO Service Provider at www.eipo.com.hk under the White Form eIPO service. Applicants who wish to have the Hong Kong Offer Shares allotted and issued in the name of HKSCC Nominees Limited and deposited directly into CCASS for credit to their CCASS Investor Participant stock accounts or the stock accounts of their designated CCASS Participants should (i) complete and sign the YELLOW Application Forms, copies of which, together with the Prospectus, may be obtained during normal business hours from 9:00 a.m. on Monday, 27 September 2010 until 12:00 noon on Thursday, 30 September 2010 at the Depository Counter of HKSCC at 2nd Floor, Vicwood Plaza, 199 Des Voeux Road Central, Hong Kong or your stockbroker, who may have such Application Forms and Prospectus available; or (ii) give electronic application instructions to HKSCC via CCASS.

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Copies of the Prospectus, together with the WHITE Application Forms, may be obtained during normal business hours in the same period from:

  1. any of the following addresses of the Hong Kong Underwriters:
Deutsche Bank AG, Hong Kong Branch 48th Floor, Cheung Kong Center,
2 Queen’s Road Central, Hong Kong
Goldman Sachs (Asia) L. L. C. 68th Floor, Cheung Kong Center,
2 Queen’s Road Central, Hong Kong
Merrill Lynch Far East Limited 15th Floor, Citibank Tower, 3 Garden Road,
Central, Hong Kong
BNP Paribas Capital (Asia Pacif c) Limited Room 6415, Two IFC, 8 Finance Street,
Central, Hong Kong
ING Bank N.V., London Branch ING Commercial Banking Hong Kong
39/F One International Finance Centre,
1 Harbour View Street, Central, Hong Kong
  1. or any of the following branches and/or sub-branches of:

  2. (a) Bank of Communications Co., Ltd. Hong Kong Branch

Branch Name Address
Hong Kong Island: Hong Kong Branch 20 Pedder Street, Central
Taikoo Shing Sub-Branch Shop 38, G/F., City Plaza 2,
18 Taikoo Shing Road
Kowloon: Cheung Sha Wan Plaza Unit G04, Cheung Sha Wan Plaza,
Sub-Branch 833 Cheung Sha Wan Road
New Territories: Tseung Kwan O Shop 253–255, Metro City Shopping
Sub-Branch Arcade, Phase I
Yuen Long Sub-Branch Shop B–F, G/F., 2–14 Tai Fung Street,
Yuen Long
Sheung Shui Sub-Branch Shops 10–14, G/F.,
Sheung Shui Centre Shopping Arcade
Shatin Sub-Branch Shop No. 193, Level 3, Lucky Plaza
Market Street Sub-Branch G/F., 53 Market Street, Tsuen Wan

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(b) Standard Chartered Bank (Hong Kong) Limited

Branch Name Address
Hong Kong Island: Central Branch Shop No. 16, G/F and Lower G/F,
New World Tower,
16–18 Queen’s Road Central, Central
Quarry Bay Branch G/F, Westlands Gardens,
1027 King’s Road, Quarry Bay
North Point Centre North Point Centre, 284 King’s Road,
Branch North Point
Kowloon: Kwun Tong Branch 1A Yue Man Square, Kwun Tong
Mongkok Branch Shop B, G/F, 1/F & 2/F,
617–623 Nathan Road, Mongkok
Telford Gardens Branch Shop P9–12, Telford Centre,
Telford Gardens, Tai Yip Street,
Kwun Tong
Mei Foo Manhattan Shop Nos. 07 & 09, Ground Floor,
Branch Mei Foo Plaza, Mei Foo Sun Chuen
New Territories: Tuen Mun Town Plaza Shop No. G047–G052,
Branch Tuen Mun Town Plaza Phase I,
Tuen Mun

Both WHITE and YELLOW Application Forms completed in all respects (to which cheques or banker’s cashier orders, payable to “Horsford Nominees Limited — Winsway Coking Coal Public Offer”, should be securely stapled) should be deposited in the special collection boxes provided at any of the branches and sub-branches of Bank of Communications Co., Ltd. Hong Kong Branch and Standard Chartered Bank (Hong Kong) Limited referred to above at the following times on the following dates:

Monday, 27 September 2010 — 9:00 a.m. to 5:00 p.m. Tuesday, 28 September 2010 — 9:00 a.m. to 5:00 p.m. Wednesday, 29 September 2010 — 9:00 a.m. to 5:00 p.m. Thursday, 30 September 2010 — 9:00 a.m. to 12:00 noon

Applicants applying by White Form eIPO may submit application to the White Form eIPO Service Provider through the designated website www.eipo.com.hk from 9:00 a.m. on Monday, 27 September 2010 until 11:30 a.m. on Thursday, 30 September 2010 or such later time as described in the section headed “How to Apply the Hong Kong Offer Shares — 7. Effect of Bad Weather on the Opening of the Application Lists” in the Prospectus (24 hours daily, except on the last application day). The latest time for completing full payment of application monies in respect of such applications will be 12:00 noon on Thursday, 30 September 2010, the last application day. Applicants will not be permitted to submit applications to the White Form eIPO Service Provider after 11:30 a.m. on the last day for submitting applications. If you have already submitted your application and obtained an application reference number from the website prior to 11:30 a.m., you will be permitted to continue the application process (by completing payment of application monies) until 12:00 noon on the last day for submitting applications, when the application lists close.

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Investors can apply for Hong Kong Offer Shares by giving electronic application instructions to HKSCC as follows:

  • 1 CCASS Investor Participants can give electronic application instructions to HKSCC through the CCASS Phone System by calling 2979 7888 or through the CCASS Internet System ( https://ip.ccass.com ) (using the procedures contained in HKSCC’s “An Operating Guide for Investor Participants” in effect from time to time). HKSCC can also input electronic application instructions on behalf of CCASS Investor Participants if they go to the Customer Service Centre of HKSCC at 2nd Floor, Vicwood Plaza, 199 Des Voeux Road Central, Hong Kong and complete an input request form. Prospectuses are also available for collection at the Customer Service Centre of HKSCC; and

  • 2 those who are not CCASS Investor Participants can instruct their brokers or custodians who are CCASS Clearing Participants or CCASS Custodian Participants to give electronic application instructions to HKSCC via CCASS terminals to apply for Hong Kong Offer Shares on their behalf.

CCASS Clearing/Custodian Participants can input electronic application instructions at the following times on the following dates:

Monday, 27 September 2010 — 9:00 a.m. to 8:30 p.m.(1) Tuesday, 28 September 2010 — 8:00 a.m. to 8:30 p.m.(1) Wednesday, 29 September 2010 — 8:00 a.m. to 8:30 p.m.(1) Thursday, 30 September 2010 — 8:00 a.m.(1) to 12:00 noon

  • (1) These times are subject to change as HKSCC may determine from time to time with prior notifi cation to CCASS Clearing/ Custodian Participants.

CCASS Investor Participants can input electronic application instructions from 9:00 a.m. on Monday, 27 September 2010 until 12:00 noon on Thursday, 30 September 2010 (24 hours daily, except the last application day).

Subject to the terms and conditions set out in the Prospectus and the Application Forms relating thereto, applications must be received no later than 12:00 noon on Thursday, 30 September 2010 (or if the application lists are not open on that day, then by 12:00 noon on the next day the lists are open). Please see the section entitled “How to Apply for Hong Kong Offer Shares” in the Prospectus for further details. No receipt will be issued for application monies. No temporary documents of title will be issued.

The application lists will open from 11:45 a.m. to 12:00 noon on Thursday, 30 September 2010 (or such later date as may apply in case of a tropical cyclone warning signal number 8 or above or a “black” rainstorm warning signal being in force as described in the section headed “How to Apply for Hong Kong Offer Shares — 7. Effect of Bad Weather on the Opening of the Application Lists” in the Prospectus).

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It should be noted that multiple or suspected multiple applications and any application for more than 50% of the 99,000,000 Shares initially included in the Hong Kong Public Offering (that is, 49,500,000 Shares) will be rejected. Each applicant under the Hong Kong Public Offering will also be required to give an undertaking and confi rmation in the Application Form submitted by him that he and any person(s) for whose benefi t he is making the application have not applied for or taken up or indicated an interest in and will not apply for or take up, or indicate an interest in, and have not received or been placed or allocated (including conditionally and/or provisionally), any International Placing Shares under the International Placing, nor otherwise participate in the International Placing, and such applicant’s application will be rejected if the said undertaking and/or confi rmation is breached and/or untrue (as the case may be).

The total number of the Shares available under the Hong Kong Public Offering (subject to the reallocation of the Hong Kong Offer Shares between the Hong Kong Public Offering and the International Placing) is to be divided into two pools for allocation purposes: 49,500,000 Hong Kong Offer Shares in pool A and 49,500,000 Hong Kong Offer Shares in pool B. The Hong Kong Offer Shares in pool A will be allocated on an equitable basis to successful applicants who have applied for the Hong Kong Offer Shares with an aggregate subscription price of HK$5 million (excluding the brokerage, the SFC transaction levy and the Hong Kong Stock Exchange trading fee payable thereon) or less. The Hong Kong Offer Shares in pool B will be allocated on an equitable basis to successful applicants who have applied for the Hong Kong Offer Shares with an aggregate subscription price of more than HK$5 million (excluding the brokerage, the SFC transaction levy and the Hong Kong Stock Exchange trading fee payable thereon) and up to the total value of pool B. Investors should be aware that applications in pool A and applications in pool B may receive different allocation ratios. Where either of the pools is undersubscribed, the surplus Hong Kong Offer Shares will be transferred to satisfy demand in the other pool and be allocated accordingly. For the purpose of this paragraph only, the “subscription price” for the Shares means the price payable on application therefor (without regard to the Offer Price as fi nally determined). Applicants can only receive an allocation of the Shares from either pool A or pool B but not from both pools.

It is expected that the Offer Price, the level of indication of interest in the International Placing, the results of applications and the basis of allotment of Hong Kong Offer Shares will be published on Friday, 8 October 2010 in the South China Morning Post (in English) and the Hong Kong Economic Times (in Chinese) and on the website of the Hong Kong Stock Exchange at www.hkexnews.hk and the website of the Company at www.winsway.com .

Results of allocations for the Hong Kong Public Offering, including the Hong Kong identity card numbers, passport numbers or Hong Kong business registration numbers of successful applicants (where supplied) and the number of Hong Kong Offer Shares successfully applied for under WHITE and YELLOW Application Forms, by White Form eIPO and by giving electronic application instructions to HKSCC via CCASS, will be made available in a manner described in the section headed “How to Apply for Hong Kong Offer Shares — 8. Publication of results” in the Prospectus.

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Refund cheques for surplus application monies (if any) under WHITE or YELLOW Application Forms and Share certifi cates for successful applicants under WHITE Application Forms and White Form eIPO will be posted and/or available for collection (as the case may be) on Friday, 8 October 2010. Refund monies for applicants applying by giving electronic application instructions to HKSCC will be credited to the designated bank accounts of the relevant CCASS Investor Participants or the designated bank account of your broker or custodian on Friday, 8 October 2010.

Applicants on White Form eIPO or WHITE Application Forms for 1,000,000 Hong Kong Offer Shares or more who have indicated in their WHITE Application Forms that they wish to collect Share certifi cates (where applicable) personally, may collect Share certifi cates (where applicable) from the Company’s Hong Kong Share Registrar, Computershare Hong Kong Investor Services Limited at Shops 1712–1716, 17th Floor, Hopewell Centre, 183 Queen’s Road East, Wanchai, Hong Kong from 9:00 a.m. to 1:00 p.m. on Friday, 8 October 2010 or any other date notifi ed by the Company in the newspapers as the date of despatch/collection of Share certifi cates/e-Refund payment instructions/refund cheques. Applicants being individuals who opt for personal collection cannot authorise any other person to make collection on their behalf. Corporate applicants which opt for personal collection must attend by their authorized representatives bearing letters of authorization from their corporations stamped with the corporations’ chop. Both individuals and authorized representatives (if applicable) must produce, at the time of collection, evidence of identity acceptable to the Company’s Hong Kong Share Registrar. Uncollected Share certifi cates (where applicable) will be despatched by ordinary post to the addresses specifi ed in the relevant WHITE Application Forms or White Form eIPO application at the applicants’ own risk.

In relation to applicants on WHITE Application Forms or White Form eIPO for 1,000,000 Hong Kong Offer Shares or more and who have not indicated on their Application Forms for personal collection and applicants for less than 1,000,000 Hong Kong Offer Shares, their Share certifi cates (where applicable) will be sent to the addresses on the WHITE Application Forms or White Form eIPO application on Friday, 8 October 2010 by ordinary post at the applicants’ own risk.

For applicants who apply through White Form eIPO service and paid the application monies from a single bank account, refund monies (if any) will be despatched to their application payment bank account in the form of e-Refund payment instructions on or around Friday, 8 October 2010. Applicants who apply through White Form eIPO service and paid the application monies from multiple bank accounts, refund monies (if any) will be despatched to the address as specifi ed on their White Form eIPO application in the form of refund cheque(s), by ordinary post at their own risk on or around Friday, 8 October 2010.

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If you are applying using a YELLOW Application Form or by giving electronic application instructions to HKSCC and your application is wholly or partially successful, your Share certifi cate will be issued in the name of HKSCC Nominees Limited and deposited into CCASS for credit to your CCASS Investor Participant stock account or the stock account of any designated CCASS Participant giving electronic application instructions on your behalf or as instructed by you in your YELLOW Application Form on Friday, 8 October 2010 or under contingent situations, on any other date as shall be determined by HKSCC or HKSCC Nominees Limited. If you are applying through a designated CCASS Participant (other than a CCASS Investor Participant), you can check the number of Hong Kong Offer Shares allocated to you (and the amount of refund money payable to you if you have instructed a CCASS Clearing/Custodian Participant to give electronic application instructions on your behalf) with that CCASS Participant. If you are applying as a CCASS Investor Participant, you should check the announcement published by the Company on Friday, 8 October 2010 (for CCASS Investor Participants applying by giving electronic application instructions to HKSCC, they can also check the number of Hong Kong Offer Shares allotted to them and the amount of refund (if any) payable to them via the CCASS Phone System and CCASS Internet System) and report any discrepancies to HKSCC before 5:00 p.m. on Friday, 8 October 2010 or such other date as shall be determined by HKSCC or HKSCC Nominees Limited. Immediately after the credit of the Hong Kong Offer Shares to your account, you can also check your new account balance via the CCASS Phone System and CCASS Internet System (using the procedures contained in HKSCC’s “An Operating Guide for Investor Participants” in effect from time to time). HKSCC will also make available to you an activity statement showing the number of Hong Kong Offer Shares credited to your CCASS Investor Participant stock account and (if you are applying by giving electronic application instructions to HKSCC) the amount of refund money (if any) credited to your designated bank account.

For applicants who apply for 1,000,000 Hong Kong Offer Shares or more on WHITE or YELLOW Application Form and have indicated in their application their intention to collect their refund cheque(s) (where applicable) from the Company’s Hong Kong Share Registrar, Computershare Hong Kong Investor Services Limited in person, the procedure for collection of refund cheques is the same as that for collection of Share certifi cates by WHITE Application Form applicants who apply for 1,000,000 Hong Kong Offer Shares or more and have indicated in their application that they wish to collect Share certifi cates personally.

For applicants who apply for (i) less than 1,000,000 Hong Kong Offer Shares using a WHITE or YELLOW Application Form or (ii) 1,000,000 Hong Kong Offer Shares or more but have not indicated in their application that they will collect their refund cheque(s) (where applicable) in person, it is expected that their refund cheque(s) (where applicable) will be sent to the address in their application on Friday, 8 October 2010, by ordinary post and at their own risk.

Share certifi cates will only become valid certifi cates of title at 8:00 a.m. on Monday, 11 October 2010 provided that the Global Offering has become unconditional in all respects and the right of termination described in the section headed “Underwriting — Underwriting Arrangements and Expenses — Hong Kong Public Offering — Grounds for Termination” in the Prospectus has not been exercised.

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Dealings in the Shares on the Hong Kong Stock Exchange are expected to commence at 9:30 a.m. on Monday, 11 October 2010. The Shares will be traded in board lots of 1,000 Shares each.

By order of the Board Wang Xingchun Chairman

Hong Kong, 27 September 2010

As at the date of this announcement, the executive Directors of the Company are Mr. Wang Xingchun, Ms. Zhu Hongchan, Mr. Yasuhisa Yamamoto, Mr. Apolonius Struijk and Mr. Cui Yong, the non-executive Directors of the Company are Mr.Cui Guiyong, Mr. Liu Qingchun and Mr. Lu Chuan and the independent non-executive Directors are Mr. James Downing, Mr. Ng Yuk Keung, Mr. Wang Wenfu and Mr. George Jay Hambro.

Please also refer to the published version of this announcement in South China Morning Post .

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