Hephaestus Holdings Limited — M&A Activity 2015

Apr 10, 2015

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.

PAN ASIA MINING LIMITED

寰亞礦業有限公司

(Incorporated in the Cayman Islands with limited liability)

(Stock Code: 8173)

Voluntary Announcement

Potential Acquisition

This announcement is made by Pan Asia Mining Limited (the "Company") with reference to the announcement made on 22 January 2015 in respect of a potential acquisition of a beverage supplier of the Group for providing updated information to shareholders of the Company and/or investors.

The acquisition target is a renowned beverage manufacturer in Canada ("Target"). The Group has been undergoing discussions and negotiations with the owner of the Target to acquire a controlling interest of the Target. We believe we are in the final phase of the discussions and negotiations and we expect a definitive agreement may be reached in the next couple of months.

Shareholders of the Company and/or investors should note that the potential acquisition may or may not materialise and are advised to exercise caution when dealing in the Company's securities. The potential acquisition, if materialised, may constitute a notifiable transaction for the Company under Chapter 19 of the Listing Rules and the Company will comply with the relevant requirements of the Listing Rules if necessary.

By order of the Board

Pan Asia Mining Limited

Michael Koh Tat Lee

Chairman

Hong Kong, 10 April 2015

As at the date of this announcement, the Board comprises three executive directors, Mr. Michael Koh Tat Lee, Mr. Cheung Hung Man and Tan Chong Gin; one non-executive director, Mr. Liang Tong Wei; and three independent non-executive directors, Mr. Chu Hung Lin, Victor, Mr. Tong Wan Sze and Mr. Fung Kwok Leung.

This announcement, for which the Directors of the Company collectively and individually accept full responsibility, includes particulars given in compliance with the GEM Listing Rules for the purpose of giving information with regard to the Company. The Directors, having made all reasonable enquiries, confirm that to the best of their knowledge and belief the information contained in this announcement is accurate and complete in all material respects and not misleading or deceptive, and there are no other matters the omission of which would make any statement herein or this announcement misleading.

This announcement will remain on the page of "Latest Company Announcement" on the GEM website for at least 7 days from the date of its posting.