Greentech Technology International Limited — M&A Activity 2016

Oct 7, 2016

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.

L’SEA RESOURCES INTERNATIONAL HOLDINGS LIMITED 利海資源國際控股有限公司

(Incorporated in Cayman Islands with limited liability)

(Stock Code: 00195)

ANNOUNCEMENT MONTHLY PROGRESS UPDATE ON THE POSSIBLE SUBSCRIPTION PURSUANT TO RULE 3.7 OF THE TAKEOVERS CODE

This announcement is made by the Board pursuant to Rule 3.7 of the Takeovers Code.

Reference is made to: (a) the Company’s announcement dated 29 April 2015 in relation to the memorandum of understanding dated 29 April 2015 entered into between the Company and the Initial Proposed Subscriber in respect of, among others, the Possible Subscription (“ Memorandum of Understanding ”); (b) the Company’s announcements dated 1 June 2015, 26 June 2015, 24 July 2015, 24 August 2015, 24 September 2015, 23 October 2015, 24 November 2015, 24 December 2015, 26 January 2016, 26 February 2016, 18 April 2016, 18 May 2016 17 June 2016 18 July 2016 and 7 September 2016 respectively regarding the monthly progress of the Possible Subscription; (c) the Company’s announcement dated 18 March 2016 regarding updates on the Convertible Bonds and the Possible Subscription (the “ CB Redemption Announcement ”); and (d) profit alert announcement of the Company dated 7 August 2016 which mentioned the latest status of the Possible Subscription. Unless otherwise specified, capitalised terms used herein shall have the same meanings as those defined in the CB Redemption Announcement.

The Company has been informed by the Designated Proposed Subscriber that they are still working on the funding arrangement as disclosed in the monthly progress announcement dated 7 September 2016. As at the date of this announcement, there is no substantial development regarding the Possible Subscription. The Designated Proposed Subscriber and the Company will from time to time inform the shareholders and the investor public of any meaningful progress of the Possible Subscription.

As at the date of this announcement, other than the Memorandum of Understanding and the Loan Agreement, no formal or legally binding agreement has been entered into between the Company and the Initial Proposed Subscriber or the Designated Proposed Subscriber in respect of or in connection with the Possible Subscription.

Further announcement(s) setting out the progress of the Possible Subscription will be made as and when necessary in accordance with the Listing Rules and the Takeovers Code and on a monthly basis until an announcement (i) of the Company and the Designated Proposed Subscriber having

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entered into the Subscription Agreement; or (ii) of a decision not to proceed with the Possible Subscription; or (iii) in relation to the termination of negotiation relating to the Possible Subscription between the Company and the Designated Proposed Subscriber; or (iv) of the Designated Proposed Subscriber’s decision not to proceed with the Possible Subscription is made in compliance with the Takeovers Code.

Shareholders and potential investors of the Company shall be aware that the Memorandum of Understanding is non-legally binding. As there is no assurance that the Subscription Agreement will be entered into and the Possible Subscription may or may not proceed as contemplated or at all, Shareholders and potential investors of the Company are advised to exercise caution when dealing in the Shares.

By the order of the Board L’sea Resources International Holdings Limited NIE DONG Executive Director and Chief Executive Officer

Hong Kong, 7 October 2016

As at the date of this announcement, the board of directors of the Company comprises four executive directors, namely, Mr. CHEUNG Wai Kuen, Mr. NIE Dong, Mr. WANG Chuanhu and Dr. SHI Simon Hao and three independent non-executive directors, namely, Mr. CHI Chi Hung, Kenneth, Mr. DENG Shichuan and Mr. James MUNN.

The Directors jointly and severally accept full responsibility for the accuracy of the information contained in this announcement and confirm, having made all reasonable enquiries, that to the best of their knowledge, opinions expressed in this announcement have been arrived at after due and careful consideration and there are no other facts not contained in this announcement, the omission of which would make any statement in this announcement misleading.

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