Global Corn Group Limited — Capital/Financing Update 2013

Aug 27, 2013

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.

Global SweetenerS HoldinGS limited 大成糖業控股有限公司 *

(incorporated in the Cayman Islands with limited liability)

(Stock code: 03889)

VolUntarY annoUnCement

earlY rePaYment oF loan and adJUStment to a FinanCial CoVenant oF a loan aGreement

Reference is made to the announcement of Global Sweeteners Holdings Limited (the “ Company ”, together with its subsidiaries, the “ Group ”) dated 22 March 2013 in relation to the breach of a twoyear fixed term loan in the amount of RMB200 million due August 2014 (“ First loan ”).

The board (“ board ”) of directors (“ directors ”) of the Company wishes to provide an update to the shareholders of the Company and potential investors that the Group has made an early repayment of the First Loan in full in mid August 2013, and therefore the loan agreement to which the First Loan related had been terminated since then. As a result, the Group has no longer been in material default of such loan agreement, and has ceased to be in breach of the cross default provisions of the other loan agreements entered into by the Group in the aggregate outstanding principal amount of approximately RMB280 million as mentioned in the announcement of the Company dated 22 March 2013.

The Board also wishes to announce that as at 30 June 2013, the Group had also failed to meet the requirement of one of the financial covenants of a short term bank loan in the amount of RMB200 million (“ Second loan ”) which, but for the relaxation and adjustment to such financial covenant made by the lender as mentioned below, could have entitled the lender to declare the outstanding principal amount, accrued interest and all other sums payable under the Second Loan immediately due and payable. Nevertheless, the lender has subsequently adjusted the relevant financial covenant with effect from early July 2013 and the Group has complied with such adjusted financial covenant since then. As the Group has no longer been in material default of such loan agreements since then,

• for identification purposes only

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it has ceased to be in breach of the cross default provisions in another loan agreement entered into by the Group in the aggregate outstanding principal amount of RMB100 million.

By order of the Board Global Sweeteners Holdings limited Kong Zhanpeng Chairman

Hong Kong, 27 August 2013

As at the date of this announcement, the Board comprises three executive Directors, namely Mr. Kong Zhanpeng, Mr. Zhang Fazheng and Mr. Lee Chi Yung and three independent non-executive Directors, namely Mr. Chan Yuk Tong, Mr. Gao Yunchun and Mr. Ho Lic Ki.

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