Hony Media Group — M&A Activity 2015

Aug 13, 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.

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CHINA STRATEGIC HOLDINGS LIMITED 中策集團有限公司

(Incorporated in Hong Kong with limited liability)

(Stock Code: 235)

EXTENSION OF MEMORANDUM OF UNDERSTANDING

Reference is made to the announcement of the Company dated 15 May 2015 (the “Announcement”) in relation to the MOU under which the Purchaser, an indirect wholly-owned subsidiary of the Company, has indicated that it wishes to acquire the entire issued share capital of the Target Company from the Sellers. Unless otherwise specified, capitalised terms used herein shall have the same meanings as defined in the Announcement.

Under the MOU, the Sellers have granted an exclusivity period of three (3) months (or such longer period as agreed between the parties) to the Purchaser, during which period, the Sellers should not enter into any negotiation or agreement with other potential purchasers (the “Exclusivity Period”).

As additional time is required for the due diligence review, the parties to the MOU have, on 13 August 2015, entered into an extension letter to the MOU to extend the Exclusivity Period and timeline for entering into a formal agreement for a further three (3) months to 15 November 2015 or such other later date as may be agreed between the parties. Save for the above-mentioned, other terms and conditions of the MOU remain unchanged.

The Board wishes to emphasise that the transaction contemplated under the MOU is subject to a number of conditions including the entering into of a formal agreement and due diligence satisfactory to the Purchaser and therefore may or may not proceed. Shareholders and potential investors are reminded to exercise caution when dealing in shares of the Company.

By Order of the Board China Strategic Holdings Limited Or Ching Fai Chairman

Hong Kong, 13 August 2015

As at the date of this announcement, the Board comprises five Executive Directors, namely Dr. Or Ching Fai (Chairman and Chief Executive Officer), Mr. Sue Ka Lok, Ms. Lee Chun Yeung, Catherine, Mr. Hui Richard Rui and Mr. Chow Kam Wah; and three Independent Non-executive Directors, namely Ms. Ma Yin Fan, Mr. Chow Yu Chun, Alexander and Mr. Leung Hoi Ying.