Hung Hing Printing Group Limited — M&A Activity 2000

Jan 17, 2000

Listed Company Information

CIL HOLDINGS<0479> & NOBLE LINK HOLD<0254> - Joint Announcement The Stock Exchange of Hong Kong Limited (the "Stock Exchange") 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. CIL HOLDINGS LIMITED Noble Link Holdings Limited ("CIL") ("Noble Link") (Incorporated in Bermuda (Incorporated in Hong Kong with limited liability) with limited liability) Delay in completion of acquisition of Noble Link Shares SUMMARY The directors of CIL and Noble Link refer to the joint announcement dated 7th January, 2000 relating to an agreed extension till 14th January, 2000 for the completion of Lucky Choice's purchase of the Remaining Shares in Noble Link. The Amsteel Parties and the CIL Parties have agreed to further extend the completion date of the Acquisition as the Amsteel Parties and the CIL Parties are still in negotiations to vary the terms of the Acquisition. Till the date of this announcement, no agreement on the variation of terms has been reached and more time is required to finalise such negotiations. The directors of Noble Link and CIL refer to the joint announcement by CIL and Noble Link dated 7th January, 2000 whereby it was announced that completion of the acquisition (the "Acquisition") of the 48,323,000 Shares in Noble Link ("Remaining Shares") by Lucky Choice Assets Limited ("Lucky Choice") pursuant to the agreement dated 23rd November, 1998 entered into between Ambang Jaya Sdn. Bhd. ("Ambang"), Angkasa Marketing (Singapore) Pte. Ltd. ("Angkasa"), Amsteel Corporation Berhad ("Amsteel") (together with Ambang and Angkasa are known as the "Amsteel Parties"), Lucky Choice and CIL (together with Lucky Choice known as the "CIL Parties") in relation to the sale and purchase of shares in Noble Link has been extended to 14th January, 2000. The Amsteel Parties and the CIL Parties have agreed to further extend the completion date for the Acquisition as the Amsteel Parties and CIL Parties are still in negotiations to vary the terms of the Acquisition. Till the date of this announcement, no agreement on the variation of terms has been reached and more time is required to finalise such negotiations. CIL and Noble Link will issue an announcement once an agreement on the variation of the terms of the Acquisition has been reached. Shareholders are advised to exercise caution when dealing in the shares of CIL and Noble Link. By Order of the Board By Order of the Board CIL Holdings Limited Noble Link Holdings Limited Joseph Szeto Li Zhao Chairman and Managing Director Director Hong Kong, 14th January, 2000 The directors of CIL jointly and severally accept full responsibility for the accuracy of the information contained in this announcement insofar as it relates to CIL and confirm, having made all reasonable inquiries, that to the best of their knowledge, opinions expressed in this announcement have been arrived at after due and careful consideration and there are no other facts not contained in this announcement, the omission of which would make any statement in this announcement misleading. The directors of Noble Link jointly and severally accept full responsibility for the accuracy of the information contained in this announcement insofar as it relates to Noble Link and confirm, having made all reasonable inquiries, that to the best of their knowledge, opinions expressed in this announcement have been arrived at after due and careful consideration and there are no other facts not contained in this announcement, the omission of which would make any statement in this announcement misleading.