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HC Group Inc. Capital/Financing Update 2015

Oct 22, 2015

50493_rns_2015-10-22_9a0c5a89-c524-42d9-95ee-4a20c9a51b0a.pdf

Capital/Financing Update

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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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HC INTERNATIONAL, INC. 慧聰網有限公司[*] (Incorporated in the Cayman Islands with limited liability) (Stock Code: 02280)

DELAY IN COMPLETION OF DISCLOSEABLE TRANSACTION

Reference is made to the announcement (the “ Announcement ”) of HC International, Inc. (the “ Company ”) dated 22 July 2015 in respect of the discloseable transaction regarding the Acquisition. Unless otherwise specified, capitalised terms used herein shall have the same meanings as those defined in the Announcement.

As disclosed in the Announcement, the conditions precedent of the Sale and Purchase Agreement shall be fulfilled within three months from the date of the signing of the Sale and Purchase Agreement and completion of the Sale and Purchase Agreement shall take place on the date of completion of the industrial and commercial registration of the change in shareholding of the Target Company. As the industrial and commercial registration of the change in shareholding of the Target Company is still under progress as at the date of this announcement, the parties to the Sale and Purchase Agreement have further entered into a supplemental agreement (the “ Supplemental Agreement ”) on 22 October 2015, pursuant to which the parties agree that all matters incidental to the completion shall be completed within one month from the date of the signing of the Supplemental Agreement.

Save as disclosed above, all other terms and conditions of the Sale and Purchase Agreement remain unchanged and remain in full force and effect.

Further announcement will be made by the Company as and if appropriate in accordance with the Listing Rules .

By order of the Board of HC International, Inc. Guo Jiang

Chief Executive Officer and Executive Director

Beijing, the People’s Republic of China, 22 October 2015

  • For identification purposes only

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As at the date of this announcement, the Board of the Company comprises:

  • Mr. Guo Fansheng (Executive Director and Chairman)

  • Mr. Guo Jiang (Executive Director and Chief Executive Officer)

  • Mr. Lee Wee Ong (Executive Director and Chief Financial Officer)

  • Mr. Li Jianguang (Non-executive Director)

  • Mr. Guo Wei (Non-executive Director)

  • Mr. Zhang Ke (Independent Non-executive Director)

  • Mr. Xiang Bing (Independent Non-executive Director)

  • Mr. Zhang Tim Tianwei (Independent Non-executive Director)

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