Hung Hing Printing Group Limited — M&A Activity 2000

Feb 1, 2000

Listed Company Information

NOBLE LINK HOLD<0254> - Announcement The Stock Exchange of Hong Kong Limited takes no responsibility for the contents of this announcement, makes no representation as to its accuracy or completeness and expressly disclaims any liability whatsoever for any loss howsoever arising from or in reliance upon the whole or any part of the contents of this announcement. NOBLE LINK HOLDINGS LIMITED ("Noble Link") (Incorporated in Hong Kong with limited liability) TERMINATION OF DISCLOSEABLE AND SHARE TRANSACTION A termination agreement has been entered on 31st January, 2000. Under which, Sun Wealth and Noble Link agree to terminate the Agreement on 23rd August, 1999 regarding the sale and purchase of Gold Elements Holdings Limited. Reference is made to the announcements dated 23rd August, 1999, 11th September, 1999, 12th October, 1999 and 29th December, 1999 (the "Announcements") in relation to an agreement (the "Agreement") entered into between Sun Wealth International Limited ("Sun Wealth") as the Vendor and Noble Link as the Purchaser in relation to the sale and purchase of 20% shares in Gold Elements Holdings Limited dated 23rd August, 1999 at a consideration of HK$113,000,000. A cash deposit of HK$11,000,000 was paid to Sun Wealth on signing of the Agreement. The balance of consideration is to be satisfied as to HK$9,000,000 by way of cash and as to HK$93,000,000 by the issue and allotment of 51,666,667 shares (representing approximately 24.59% of the existing share capital of Noble Link) at HK$1.80 each in Noble Link. Terms used in this announcement shall have the same meaning as ascribed thereto in the Announcements. A termination agreement (the "Termination Agreement") has been entered into between Sun Wealth and Noble Link, in which both parties agree to terminate the Agreement with effect from 31st January, 2000, due to the non-fulfilment of certain conditions precedent in particular the provision of security acceptable to Noble Link and evidence of RMB200,000,000 loan to the JV Co. Pursuant to the terms of the Termination Agreement, Sun Wealth undertakes to return the deposit in an amount of HK$11,000,000 to Noble Link without interest within 20 days from the date of Termination Agreement (i.e. 19th February, 2000) INCREASE IN TRADING VOLUME OF SHARES This statement is made at the request of The Stock Exchange of Hong Kong Limited. We have noted the recent increases in the trading volume of the shares of the Company and wish to state that we are not aware of any reasons for such increase. We also confirm that save as disclosed above, there are no negotiations or agreements relating to intended acquisitions or realisation which are discloseable under paragraph 3 of the Listing Agreement, neither is the Board aware of any matter discloseable under the general obligation imposed by paragraph 2 of the Listing Agreement, which is or may be of a price-sensitive nature. Made by the Order of Noble Link Holdings Limited, the Board of Directors of which individually and jointly accept responsibility for the accuracy of this statement. By Order of the Board Noble Link Holdings Limited Li Zhao Director Hong Kong, 31st January, 2000