Enterprise Development Holdings Limited — Capital/Financing Update 2014

Sep 25, 2014

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 EXISTING GENERAL MANDATE

PLACING AGENT

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The Board is pleased to announce that all conditions of the Placing have been fulfilled and the Completion of the Placing took place on 25 September 2014.

293,477,920 Placing Shares have been successfully placed to not less than six Placees at the Placing Price of HK$0.238 per Placing Share pursuant to the terms and conditions of the Placing Agreement in respect of the Placing.

Reference is made to the announcement of the Company dated 5 September 2014 in relation to the Placing (the “Announcement”). Capitalized terms used in this announcement shall have the same meanings as those defined in the Announcement unless otherwise stated.

COMPLETION OF THE PLACING

The Board is pleased to announce that all conditions of the Placing have been fulfilled and the Completion of the Placing took place on 25 September 2014. An aggregate of 293,477,920 Placing Shares have been successfully placed to not less than six Placees at the Placing Price of HK$0.238 per Placing Share pursuant to the terms and conditions of the Placing Agreement in respect of the Placing.

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

The net proceeds, after the deduction of the placing commission and other related expenses, of approximately HK$67.25 million as disclosed in the Announcement, are intended to be used for general working capital of the Group (including trading of securities).

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SHAREHOLDING STRUCTURE OF THE COMPANY

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

Name of Shareholders Affluent Start Holdings Investment Limited (Note 1) Superbowl Development Limited (Note 2) Placees (Note 3) Existing public shareholders	Shareholding immediately before the Completion of Placing Number of Shares Approximate % 604,355,000 41.19% 200,000,000 13.63% – 0.00% 663,034,600 45.18% 1,467,389,600 100.00%	Shareholding immediately after the Completion of Placing Number of Shares Approximate % 604,355,000 34.32% 200,000,000 11.36% 293,477,920 16.67% 663,034,600 37.65% 1,760,867,520 100.00%	Shareholding immediately after the Completion of Placing Number of Shares Approximate % 604,355,000 34.32% 200,000,000 11.36% 293,477,920 16.67% 663,034,600 37.65% 1,760,867,520 100.00%
			100.00%

Notes:

1. Affluent Start Holdings Investment Limited is a company incorporated in the British Virgin Islands with limited liability which is wholly and beneficially owned by Mr. King Pak Fu.

2. Superbowl Development Limited is wholly and beneficially owned by Mr. Chen Jianjun.

3. To the best of the Director's knowledge, information and belief and having made all reasonable enquiries, none of the Placees and their ultimate beneficial owners is a Substantial Shareholder immediately after taking up the Placing Shares.

By order of the Board Enterprise Development Holdings Limited Jia Bowei Chairman

Hong Kong, 25 September 2014

As at the date of this Announcement, the Board comprises three executive Directors, namely Mr. Jia Bowei (Chairman) and Mr. Lam Kwan Sing (Chief Executive Officer) and Mr. Wang Jun, and three independent non-executive Directors, namely Mr. Lam Ting Lok, Ms. Hu Gin Ing and Mr. Zhang Xiaoman.

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