Enterprise Development Holdings Limited — Capital/Financing Update 2012

Mar 5, 2012

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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ENTERPRISE DEVELOPMENT HOLDINGS LIMITED 企展控股有限公司

(Incorporated in the Cayman Islands with limited liability)

(Stock Code: 1808)

COMPLETION OF PLACING OF NEW SHARES UNDER GENERAL MANDATE

PLACING AGENT

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FREEMAN SECURITIES LIMITED

The Board is pleased to announce that all conditions of the General Mandate Placing have been fulfilled and the Completion of the General Mandate Placing took place on 5 March 2012.

161,231,600 General Mandate Placing Shares have been successfully placed to not less than six Placees at the Placing Price of HK$0.24 per Placing Share pursuant to the terms and conditions of the Placing Agreement in respect of the General Mandate Placing.

Reference is made to the Announcement of the Company dated 27 February 2012 in relation to the Placing. Capitalized terms used in this announcement shall have the same meanings as those defined in the Announcement unless otherwise stated.

COMPLETION OF THE GENERAL MANDATE PLACING

The Board is pleased to announce that all conditions of the General Mandate Placing have been fulfilled and the Completion of the General Mandate Placing took place on 5 March 2012. An aggregate of 161,231,600 General Mandate Placing Shares have been successfully placed to not less than six Placees at the Placing Price of HK$0.24 per Placing Share pursuant to the terms and conditions of the Placing Agreement in respect of the General Mandate Placing.

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To the best of the Directors’ knowledge, information and belief and having made all reasonable enquiries, the Placees and their beneficial owners are Independent Third Parties. None of the Placees will become a substantial Shareholder as a result of the General Mandate Placing.

The net proceeds, after the deduction of the placing commission and other related expenses, of approximately HK$37 million as disclosed in the Announcement, are intended to be used for the Group’s general working capital needs.

SHAREHOLDING STRUCTURE OF THE COMPANY

The shareholding structure of the Company (i) immediately before Completion of the General Mandate Placing; and (ii) immediately after Completion of the General Mandate Placing is as follows:

Name of ShareholderAffluent Start HoldingsInvestment LimitedPlaceesOther public ShareholdersTotal	Shareholding immediatelybefore the Completion ofthe General Mandate PlacingNo. of Shares% (approx.)604,355,00074.97––201,803,00025.03806,158,000100.00	Shareholding immediatelyafter the Completion ofthe General Mandate PlacingNo. of Shares% (approx.)604,355,00062.47161,231,60016.67201,803,00020.86967,389,600100.00	Shareholding immediatelyafter the Completion ofthe General Mandate PlacingNo. of Shares% (approx.)604,355,00062.47161,231,60016.67201,803,00020.86967,389,600100.00
			100.00

Note:

Affluent Start Holdings Investment Limited is wholly and beneficially owned by Mr. King Pak Fu, an executive Director and the Chairman of the Company.

By order of the Board Enterprise Development Holdings Limited King Pak Fu Chairman

Hong Kong, 5 March 2012

As at the date of this Announcement, the Board comprises four executive Directors, namely Mr. King Pak Fu (Chairman), Mr. Tsang To, Mr. Jia Bowei and Mr. Lam Kwan Sing, and three independent non-executive Directors, namely Mr. Lam Ting Lok, Ms. Hu Gin Ing and Mr. Zhang Xiaoman.

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