FDB Holdings Limited — Capital/Financing Update 2019

Jun 17, 2019

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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Dafy Holdings Limited 達 飛 控 股 有 限 公 司

(Incorporated in the Cayman Islands with limited liability)

(Stock code: 1826)

TERMINATION OF THE DISCLOSEABLE TRANSACTION IN RELATION TO THE ACQUISITION OF 90% EQUITY INTEREST OF THE TARGET

References are made to the announcements of Dafy Holdings Limited (the ‘‘Company’’) dated 23 April 2019 and 3 June 2019 in relation to, among other things, the acquisition of 90% equity interest in 赤城縣燕陽房地產開發有限公司 (Chicheng County Yanyang Property Development Company Limited*) and the Long Stop Date (collectively the ‘‘Announcements’’). Capitalised terms used herein shall have the same meanings as defined in the Announcements unless the context requires otherwise.

As certain conditions precedent to the Agreement (the ‘‘Conditions’’) have not been fulfilled or waived by 14 June 2019 and the parties to the Agreement (the ‘‘Parties’’) have not agreed on any further extension for fulfillment of the Conditions, the Agreement was terminated and ceased to have any effect and neither party shall have any obligations or liabilities under the Agreement. As disclosed in the Announcements, if the Conditions have not been fulfilled or waived by 14 June 2019, the Parties shall negotiate for a new agreement. As at the date of this announcement, the Group has no intention to negotiate for a new agreement and, save for the Agreement, no other definitive agreement has been entered in relation to the acquisition of the Target.

The Board considers that the termination of the Agreement will not have any material adverse impact on the existing business, operation and financial position of the Group.

By Order of the Board Dafy Holdings Limited Gao Yunhong

Executive Director and Chairman of the Board

Hong Kong, 14 June 2019

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As at the date of this announcement, the executive Directors are Mr Gao Yunhong, Mr Lu Xin, Ms Feng Xuelian and Mr Ng Kin Siu; and the independent non-executive Directors are Mr Chan Yuk Sang, Mr Wan Chi Wai Anthony and Mr Lau Kwok Fai Patrick.

In the case of inconsistency, the English text of this announcement shall prevail over the Chinese text.

• for identification purposes only

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