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Honghua Group Limited — Capital/Financing Update 2008
Feb 24, 2008
49025_rns_2008-02-24_c486c7fa-5b82-4a3e-8808-ee0caaee0f83.pdf
Capital/Financing Update
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This announcement is for information purposes only and does not constitute an invitation or offer to acquire, purchase or subscribe for securities. Potential investors should read the prospectus dated February 25, 2008 (the “Prospectus”) issued by Honghua Group Limited (“the Company”) for detailed information about the Hong Kong Public Offering described below before deciding whether or not to invest in the shares being offered.
This announcement is not an offer of securities of the Company for sale in the United States. Securities may not be offered or sold in the United States without registration or an exemption from registration under the United States Securities Act of 1933, as amended. There is not and it is currently not intended for there to be any public offering of securities of the Company in the United States.
The Stock Exchange of Hong Kong Limited (the “Hong Kong Stock Exchange”) and Hong Kong Securities Clearing Company Limited (“HKSCC”) 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.
In connection with the Global Offering, Morgan Stanley Asia Limited or Credit Suisse (Hong Kong) Limited and/or their affi liates or any person acting for them (the “Stabilizing Manager”), on behalf of the Underwriters, may over-allocate or effect transactions with a view to stabilizing or maintaining the market price of the Offer Shares at a level higher than that which might otherwise prevail for a limited period after the commencement of trading in the Shares on the Hong Kong Stock Exchange. However, there is no obligation on the Stabilizing Manager, its affi liates or any person acting for it to do this. Such stabilization may be effected in all jurisdictions where it is permissible to do so, in each case in compliance with all applicable laws and regulatory requirements, including the Securities and Futures (Price Stabilizing) Rules made under the Securities and Futures Ordinance (Chapter 571 of the Laws of Hong Kong). Such stabilization, if commenced, will be conducted at the absolute discretion of the Stabilizing Manager or any person acting for it and may be discontinued at any time, and must be brought to an end after a limited period. The details of the intended stabilization and how it will be regulated under the Securities and Futures Ordinance are contained in the Prospectus. The number of Shares being offered in the Global Offering may be increased up to an aggregate of 125,000,000 Shares through the exercise of the Over-Allotment Option granted to the International Underwriters by the Selling Shareholder exercisable by the Stabilizing Manager (after consultation with the other Joint Bookrunners) on behalf of the International Underwriters to, among other things, cover over-allocations (if any) in the International Offering, which option is exercisable at any time from the day on which trading of the Shares commences on the Hong Kong Stock Exchange until 30 days after the last day for lodging applications under the Hong Kong Public Offering. In the event that such Over-Allotment Option is exercised, a press announcement will be made.
Unless otherwise defi ned in this announcement, terms defi ned in the Prospectus have the same meanings when used in this announcement.
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Honghua Group Limited
(incorporated in the Cayman Islands with limited liability)
GLOBAL OFFERING
Number of Offer Shares under the : 833,360,000 Shares (subject to adjustment and Global Offering the Over-Allotment Option) Number of International Offer Shares : 750,024,000 Shares (subject to adjustment and the Over-Allotment Option) Number of Public Offer Shares : 83,336,000 Shares (subject to adjustment) Maximum Offer Price : HK$4.50 per Offer Share payable in full on application subject to refund on final pricing, plus brokerage of 1%, Hong Kong Stock Exchange trading fee of 0.005% and SFC transaction levy of 0.004% Par value : 0.10 per Share Stock code : 196
Joint Global Coordinators and Joint Sponsors (in alphabetical order)
Joint Bookrunners and Joint Lead Managers
An application has been made to the Listing Committee of the Hong Kong Stock Exchange for the granting of the listing of, and permission to deal in, the Shares in issue, the Offer Shares (including any Shares which may be sold by the Selling Shareholder pursuant to the exercise of the OverAllotment Option, as described in the Prospectus) and any Shares which may be issued pursuant to the exercise of the options which may be granted under the Share Option Scheme. Dealings in the Shares on the Hong Kong Stock Exchange are expected to commence on March 7, 2008. Applications for the Hong Kong Offer Shares will only be considered on the basis of the terms and conditions set out in the Prospectus, the WHITE or YELLOW Application Forms and the designated website www.eipo.com.hk for White Form eIPO . It should be noted that multiple applications or suspected multiple applications or any application for more than 41,668,000 Shares, being 50% of the Hong Kong Offer Shares initially offered for public subscription in the Hong Kong Public Offering, will be rejected . Only one application on a WHITE or
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YELLOW Application Form or by way of giving electronic application instructions to HKSCC or the White Form eIPO Service Provider under the White Form eIPO service through the designated website www.eipo.com.hk may be made for the benefi t of any person. Applicants for any Hong Kong Offer Shares are required to undertake and confi rm that they or the relevant benefi cial owner(s) have not applied for or taken up, or indicated an interest for, and will not apply for or take up, or indicate an interest for, any International Offer Shares. Subject to the granting of the listing of, and permission to deal in, the Shares on the Hong Kong Stock Exchange as well as compliance with the stock admission requirements of HKSCC, the Shares will be accepted as eligible securities by HKSCC for deposit, clearance and settlement in Central Clearing and Settlement System (“CCASS”) with effect from the commencement date of dealings in the Shares on the Hong Kong Stock Exchange or such other date as may be determined by HKSCC. All activities under CCASS are subject to the General Rules of CCASS and CCASS Operational Procedures in effect from time to time.
The Company is initially offering 83,336,000 Hong Kong Offer Shares for subscription by the public in Hong Kong at the maximum offer price, representing approximately 10% of the total number of Offer Shares initially available under the Global Offering. The allocation of the Shares between the Hong Kong Public Offering and the International Offering is subject to adjustment as stated in the paragraph headed “The Hong Kong Public Offering — Pricing and Allocation” under the section in the Prospectus entitled “Structure of the Global Offering”.
In connection with the Global Offering, Morgan Stanley Asia Limited and/or their affi liates or any person acting for them (the “Stabilizing Manager”), on behalf of the Underwriters, may overallocate or effect transactions with a view to stabilizing or maintaining the market price of the Offer Shares at a level higher than that which might otherwise prevail for a limited period after the commencement of trading in the Shares on the Hong Kong Stock Exchange. However, there is no obligation on the Stabilizing Manager, its affi liates or any person acting for it to do this. Such stabilization may be effected in all jurisdictions where it is permissible to do so, in each case in compliance with all applicable laws and regulatory requirements, including the Securities and Futures (Price Stabilizing) Rules made under the Securities and Futures Ordinance (Chapter 571 of the Laws of Hong Kong). Such stabilization, if commenced, will be conducted at the absolute discretion of the Stabilizing Manager or any person acting for it and may be discontinued at any time, and must be brought to an end after a limited period. The details of the intended stabilization and how it will be regulated under the Securities and Futures Ordinance are contained in the Prospectus. The number of Shares being offered in the Global Offering may be increased up to an aggregate of 958,360,000 Shares through the exercise of the Over-Allotment Option granted to the International Underwriters by the Selling Shareholder exercisable by the Stabilizing Manager (after consultation with the other Joint Bookrunners), on behalf of the International Underwriters to, among other things, cover over-allocations (if any) in the International Offering, which option is exercisable at any time from the day on which trading of the Shares commences on the Hong Kong Stock Exchange until 30 days after the last day for lodging applications under the Hong Kong Public Offering. In the event that such Over-Allotment Option is exercised, a press announcement will be made.
Acceptance of all applications for the Hong Kong Offer Shares pursuant to the Hong Kong Public Offering is conditional on the conditions as stated in the paragraph headed “Conditions of the Hong Kong Public Offering” in the section entitled “Structure of the Global Offering” in the
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Prospectus. The Offer Price is expected to be fi xed by agreement between the Joint Bookrunners, on behalf of the Underwriters, the Selling Shareholder and the Company on February 29, 2008 and, in any event, no later than March 3, 2008. Investors applying for Hong Kong Offer Shares under the Hong Kong Public Offering must pay, on application, the Maximum Offer Price of HK$4.50 for each Hong Kong Offer Share together with a brokerage of 1%, Hong Kong Stock Exchange trading fee of 0.005% and SFC transaction levy of 0.004% on each Hong Kong Offer Share. The Joint Bookrunners, on behalf of the Underwriters, may with the consent of the Company, reduce the number of Offer Shares and/or reduce the indicative offer price range below that stated in the Prospectus (which is HK$3.16 to HK$4.50 per Share) at any time on or prior to the morning of the last day for lodging applications under the Hong Kong Public Offering. In such a case, an announcement of the reduction of the number of Offer Shares and/or the indicative Offer Price range will be published in the South China Morning Post (in English) and the Hong Kong Economic Times (in Chinese), as soon as practicable following the decision to make such reduction, and in any event not later than the morning of the day which is the last day for lodging applications under the Hong Kong Public Offering. If applications pursuant to the Hong Kong Public Offering have been submitted prior to the day which is the last day for lodging applications under the Hong Kong Public Offering, then even if the number of Offer Shares and/or indicative Offer Price range is so reduced, such applications cannot be subsequently withdrawn. If, for any reason, the Offer Price is not agreed between the Selling Shareholder, the Company and the Joint Bookrunners (on behalf of
the Underwriters), the Global Offering will not proceed.
If the Global Offering does not become unconditional, all application monies received from applicants under the Hong Kong Public Offering will be refunded, without interest, on the terms set out under the paragraph headed “Refund of Application Monies” in the section entitled “How to Apply for Hong Kong Offer Shares” in the Prospectus. A refund without interest, will be made in respect of wholly or partially successful applications in the event that the Offer Price is less than the offer price per Share initially paid and in respect of wholly or partially unsuccessful applications. Applicants for 1,000,000 Hong Kong Offer Shares or more who have elected to collect their (where relevant) refund cheques and/or (where relevant) share certifi cates in person may do so from the Company’s Hong Kong Branch Share Registrar, Computershare Hong Kong Investor Services Limited, Shops 1712–1716, 17th Floor, Hopewell Centre, 183 Queen’s Road East, Wanchai, Hong Kong from 9:00 a.m. to 1:00 p.m. on Thursday, March 6, 2008 or any other place and date notifi ed by the Company in the newspaper as the place and date of despatch of share certifi cates and refund cheques. Applicants being individuals who opt for personal collection must not authorise any other person to make collection on their behalf. You must show identifi cation documents (which must be acceptable to Computershare Hong Kong Investor Services Limited) to collect your (where relevant) refund cheque(s) and/or (where relevant) share certifi cate(s). Applicants being corporations which opt for personal collection must attend by their authorised representatives each bearing a letter of authorisation from such corporation stamped with the corporation’s chop. Both individuals and authorised representatives (if applicable) must produce at the time of collection evidence of identity acceptable to Computershare Hong Kong Investor Services Limited. Uncollected share certifi cates and/or refund cheques will be despatched promptly thereafter by ordinary post at the applicants’ own risk to the addresses specifi ed in the WHITE or YELLOW Application Forms or in the applications under White Form eIPO www.eipo.com.hk . For enquires, please call the hotline of Computershare Hong Kong Investor Services Limited at (852)-2862-8555.
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In relation to applicants who have applied for less than 1,000,000 Shares, or applicants who have applied for 1,000,000 or more Shares but have not elected to collect their (where relevant) refund cheque(s) and/or (where relevant) Share certifi cate(s) in person, their refund cheque(s) (where relevant) and/or Share certifi cate(s) (where relevant) will be sent by ordinary post at the applicants’ own risk to the addresses specifi ed in the WHITE or YELLOW Application Forms or in the applications under White Form eIPO www.eipo.com.hk on or around Thursday, March 6, 2008.
Applicants who would like to be allotted Hong Kong Offer Shares in their own names should (i) complete and sign the WHITE application forms or (ii) submit applications online through the designated website of the eIPO Service Provider at www.eipo.com.hk under the White Form eIPO service. Applicants who would like to have the allotted Shares issued in the name of HKSCC Nominees Limited and deposited directly into CCASS for credit to their CCASS Investor Participant stock accounts or the stock accounts of their designated CCASS Participants maintained in CCASS should either (i) complete and sign the YELLOW Application Forms, copies of which, together with the Prospectus, may be obtained during normal business hours from 9:00 a.m. on February 25, 2008 until 12:00 noon on February 28, 2008 at the Depository Counter of HKSCC at 2/F, Vicwood Plaza, 199 Des Voeux Road Central, Hong Kong or your stockbroker, who may have such Application Forms and Prospectus available or (ii) give electronic application instructions to HKSCC via CCASS.
Share certifi cates will only become valid certifi cates of title provided that, not later than 8:00 a.m. on March 7, 2008 the Hong Kong Public Offering has become unconditional in all respects and neither of the Underwriting Agreements has been terminated in accordance with its terms.
Copies of the Prospectus, together with the WHITE Application Forms, may be obtained during business hours from 9:00 a.m. on February 25, 2008 until 12:00 noon on February 28, 2008 from:
Any of the following addresses of the Hong Kong Underwriters:
Credit Suisse (Hong Kong) Limited , 45th Floor, Two Exchange Square, 8 Connaught Road, Central, Hong Kong
Morgan Stanley Asia Limited , 30th Floor, Three Exchange Square, Central, Hong Kong
or any of the following branches of:
Bank of Communications Co., Ltd. Hong Kong Branch
Hong Kong Island:
Hong Kong Branch 20 Pedder Street, Central Central District Sub-Branch G/F., Far East Consortium Bldg., 125A Des Voeux Road C., Central North Point Sub-Branch 442–444 King’s Road, North Point Chaiwan Sub-Branch G/F 121–121A Wan Tsui Road, Chaiwan
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Kowloon:
Kowloon Sub-Branch G/F., 563 Nathan Road Cheung Sha Wan Plaza Unit G04, Cheung Sha Wan Plaza, 833 Cheung Sha Wan Road Sub-Branch Lam Tin Sub-Branch G/F, 63–65 Kai Tin Tower, Kai Tin Road, Lam Tin Kwun Tong Sub-Branch Shop A G/F. Hong Ning Court, 55 Hong Ning Road, Kwun Tong
New Territories:
Fanling Sub-Branch Shop No.84A–84B, G/F., Flora Plaza, Fanling Tuen Mun Sub-Branch Flat/Rm. 7, Castle Peak Lin Won Building, Yan Ching Circuit, Tuen Mun Ma On Shan Sub-Branch Shop Nos. 3038A & 3054–56, Level 3, Sunshine City Plaza, Ma On Shan Market Street Sub-Branch G/F, 53 Market Street, Tsuen Wan
Industrial and Commercial Bank of China (Asia) Limited:
Hong Kong Island
Sheung Wan Branch Shop F, G/F, Kai Tak Commercial Building, 317–319 Des Voeux Road Central, Sheung Wan West Point Branch 242–244 Queen’s Road West, Sai Ying Pun Central Branch 1/F., 9 Queen’s Road Central Wan Chai Road Branch G/F, 103–103A Wan Chai Road Hennessy Road Branch Shop 2A, G/F & Basement, Cameron Commercial Centre, 468 Hennessy Road, Causeway Bay
Kowloon
Hung Hom Branch Shop 2A, G/F, Hung Hom Shopping Mall, 2–34E Tak Man Street, Hung Hom Shamshuipo Branch G/F., 290 Lai Chi Kok Road, Shamshuipo Mongkok Branch G/F., Belgian Bank Building, 721–725 Nathan Road, Mongkok Tsim Sha Tsui Branch Shop 6–7, G/F., Hankow Centre, 5–15, Hankow Road, Tsimshatsui Mei Foo Branch Shop N95A, 1/F, Mount Sterling Mall, Mei Foo Sun Chuen
New Territories
Tseung Kwan O Branch Shop Nos. 2011–2012, Level 2, Metro City, Plaza II, 8 Yan King Road, Tseung Kwan O Kwai Fong Branch C63A–C66, 2/F, Kwai Chung Plaza, Kwai Fong
Both WHITE and YELLOW Application Forms completed in all respects (to which cheques or banker’s cashier orders should be crossed “Account Payee Only” and made payable to “ICBC Nominees — Honghua Group Limited Public Offer” and securely stapled) should be deposited in the special collection boxes provided at the branches of Bank of Communications Co., Ltd. Hong Kong Branch and Industrial and Commercial Bank of China (Asia) Limited referred to above at the following times on the following dates:
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Monday, February 25, 2008 — 9:00 a.m. to 4.30 p.m. Tuesday, February 26, 2008 — 9:00 a.m. to 4.30 p.m. Wednesday, February 27, 2008 — 9:00 a.m. to 4.30 p.m. Thursday, February 28, 2008 — 9:00 a.m. to 12.00 noon
Application by means of White Form eIPO Service
Applicants applying by White Form eIPO may submit applications to the White Form eIPO Service Provider through the designated website www.eipo.com.hk from 9:00 a.m. on February 25, 2008 until 11:30 a.m. on February 28, 2008 (24 hours daily, except on the last application day). The latest time for completing full payment of application monies in respect of such applications will be 12:00 noon on February 28, 2008, the last application day. Applicants will not be permitted to submit applications to the White Form eIPO Service Provider after 11:30 a.m. on the last application day. If you have already submitted your application and obtained an application reference number from the website prior to 11:30 a.m., you will be permitted to continue the application process (by completing payment of application monies) until 12:00 noon on the last day for submitting applications, when the application lists close.
Applications by giving electronic application instructions to HKSCC
Investors can apply for Shares by giving electronic application instructions to HKSCC as follows:
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CCASS Investor Participants can give electronic application instructions to HKSCC through the CCASS Phone System by calling 2979 7888 or through the CCASS Internet System ( https://ip.ccass.com ) (using the procedures contained in HKSCC’s “An Operating Guide for Investor Participants” in effect from time to time). HKSCC can also input electronic application instructions on behalf of CCASS Investor Participants if they go to the Customer Service Centre of HKSCC at 2/F Vicwood Plaza, 199 Des Voeux Road Central, Hong Kong and complete an input request form. Prospectuses are also available for collection at the Customer Service Centre of HKSCC; and
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those who are not CCASS Investor Participants can instruct their brokers or custodians who are CCASS Clearing Participants or CCASS Custodian Participants to give electronic application instructions to HKSCC via CCASS terminals to apply for Shares on their behalf.
CCASS Clearing/Custodian Participants can input electronic application instructions at the following times on the following dates:
Monday, February 25, 2008 — 9:00 a.m. to 8:30 p.m.(1) Tuesday, February 26, 2008 — 8:00 a.m. to 8:30 p.m.(1) Wednesday, February 27, 2008 — 8:00 a.m. to 8:30 p.m.(1) Thursday, February 28, 2008 — 8:00 a.m.(1) to 12:00 noon
- (1) These times are subject to change as HKSCC may determine from time to time with prior notifi cation to CCASS Clearing/ Custodian Participants.
CCASS Investor Participants can input electronic application instructions from 9:00 a.m. on February 25, 2008 until 12:00 noon on February 28, 2008 (24 hours daily, except on the last application day).
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Subject to the terms and conditions set out in the Prospectus and the Application Forms relating thereto, applications must be received no later than 12:00 noon on February 28, 2008 (or if the application lists are not open on that day, then by 12:00 noon on the next business day the lists are open). Please see the section entitled “How to Apply for Hong Kong Offer Shares” in the Prospectus for further details. No temporary documents or evidence of title will be issued. No receipt will be issued for application monies.
The application lists will open from 11:45 a.m. to 12:00 noon on February 28, 2008 (or such later date as may apply in case of a tropical cyclone warning signal No. 8 or above or a “black” rainstorm warning signal being in force as described in the section headed “How to Apply for Hong Kong Offer Shares” in the Prospectus).
The total number of Hong Kong Offer Shares being offered under the Hong Kong Public Offering (after taking account of any reallocation referred to below) is to be divided into two pools for allocation purposes: pool A and pool B with any odd lots being allocated to pool A. Accordingly, the maximum number of Hong Kong Offer Shares initially comprised in pool A and pool B will be 41,668,000 and 41,668,000 respectively. The Shares in pool A will be allocated on an equitable basis to applicants who have applied for Shares with an aggregate price of HK$5 million (excluding the brokerage, SFC transaction levy and Hong Kong Stock Exchange trading fee payable) or less. The Shares in pool B will be allocated on an equitable basis to applicants who have applied for Shares with an aggregate price of more than HK$5 million (excluding the brokerage, Hong Kong Stock Exchange trading fee and SFC transaction levy payable). Investors should be aware that applications in pool A and applications in pool B may receive different allocation ratios. If Shares in one (but not both) of the pools are undersubscribed, the surplus Shares will be transferred to the other pool to satisfy demand in this other pool and be allocated accordingly. For the purpose of this paragraph only, the “price” of Shares means the price payable on application therefor (without regard to the Offer Price as fi nally determined). Applicants can only receive an allocation of Shares from either pool A or pool B but not from both pools.
If applicants apply for Hong Kong Offer Shares using a YELLOW Application Form or by giving electronic application instructions to HKSCC and their applications are wholly or partially successful, their share certifi cate(s) will be issued in the name of HKSCC Nominees Limited and deposited into CCASS for credit to their CCASS Investor Participant stock accounts or the stock accounts of their designated CCASS Participants as instructed by them in their YELLOW Application Forms or electronic application instructions given to HKSCC at the close of business on 6 March, 2008, or under contingent situation, on any other date as shall be determined by HKSCC or HKSCC Nominees Limited. If applicant are applying through a designated CCASS Participant (other than a CCASS Investor Participant), they can check the number of Hong Kong Offer Shares allocated to them and (if applicants have instructed a CCASS Clearing/Custodian Participant to give electronic application instruction on their behalf) the amount of refund money payable to them with that CCASS Participant. If applicants are applying as a CCASS Investor Participant, they should check the announcement published by the Company and report any discrepancies to HKSCC before 5:00 p.m. on 6 March, 2008 or such other date as shall be determined by HKSCC or HKSCC Nominees Limited. Immediately after the credit of the Hong Kong Offer Shares to their stock accounts, applicants can check their new account balance via the CCASS Phone System and the CCASS Internet System (under the procedures contained in
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HKSCC’s “An Operating Guide for Investor Participants” in effect from time to time). HKSCC will also make available to CCASS Investor Participants an activity statement showing the number of Hong Kong Offer Shares credited to their stock accounts and (if CCASS Investor Participants are applying by giving electronic application instructions to HKSCC) the amount of refund money credited to their designated bank accounts.
It is expected that the Offer Price, the level of applications in the Hong Kong Public Offering, the level of indications of interest in the International Offering, the results of applications and the basis of allotment of Hong Kong Offer Shares, and the Hong Kong Identity Card/Passport/Business Registration numbers of successful applicants will be published or made available on March 6, 2008.
The Company expects to announce indication of levels of interest in the International Offering, levels in the applications of the Hong Kong Public Offer and the basis of allotment of the Hong Kong Offer Shares on March 6, 2008 in the South China Morning Post (in English) and the Hong Kong Economics Times (in Chinese).
The Hong Kong Identity Card/passport/Hong Kong Business Registration numbers of successful applicants under the Hong Kong Public Offering will be available at the times and date and in the manner specifi ed below:
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Results of allocations for the Hong Kong Public Offering will be available from the designated results of allocations website at www.iporesults.com.hk on a 24-hour basis from 8:00 a.m. on March 6, 2008 to 12:00 midnight on March 12, 2008. The user will be required to key in the Hong Kong Identity Card/passport/Hong Kong Business Registration number provided in his/ her/its application form to search for his/her/its own allocation result;
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Results of allocations for the Hong Kong Public Offering can be found in the announcement to be posted on the Company’s website at http://www.hh-gltd.com on March 6, 2008;
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Results of allocations will be available from the Hong Kong Public Offering allocation results telephone enquiry line. Applicants may fi nd out whether or not their applications have been successful and the number of Hong Kong Offer Shares allocated to them, if any, by calling 2862 8669 between 9:00 a.m. and 10:00 p.m. from as March 6, 2008 to March 9, 2008; and
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Special allocation results booklets setting out the results of allocations will be available for inspection during opening hours of individual branches and sub-branches from March 6, 2008 to March 8, 2008 at all the receiving bank branches and sub-branches at the addresses set out in the paragraph headed “Where to Collect the WHITE and YELLOW Application Forms” in the section entitled “How to Apply for Hong Kong Offer Shares” in the Prospectus.
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Dealings in the Shares on the Hong Kong Stock Exchange are expected to commence on March 7, 2008.
On behalf of the Board Mr Zhang Mi Chairman
Hong Kong, February 25, 2008
As at the date of this announcement, our Executive Directors are Zhang Mi, Ren Jie and Zhang Xu, our Non-Executive Directors are Wang Yaoxin, Xiang Qingsheng and He Sean Xin and our Independent Non-Executive Directors are Qi Daqing, Liu Xiaofeng, Chen Guoming, Liu Yinchun, Wang Li, Alexander Tai and Wang Chunlin.
Please also refer to the published version of this announcement in South China Morning Post .
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