Hung Hing Printing Group Limited — M&A Activity 2000

Jan 10, 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 ("CIL") (Incorporated in Bermuda with limited liability) NOBLE LINK HOLDINGS LIMITED ("Noble Link") (Incorporated in Hong Kong 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 relating to an agreed extension till 7th 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 till 14th January, 2000 as the Amsteel Parties and the CIL Parties are in negotiations to vary the terms of the Acquisitions and 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 30th December, 1999 whereby it was announced that completion of 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 7th January, 2000. The Amsteel Parties and the CIL Parties have agreed to further extend the completion date for the Acquisition till 14th January, 2000 as the Amsteel Parties and CIL Parties are in negotiations to vary the terms of the Acquisition and time is required to finalise such negotiations. CIL and Noble Link will issue an announcement on further developments relating to the remaining Acquisition as and when appropriate. By Order of the Board CIL Holdings Limited Joseph Szeto Chairman and Managing Director By Order of the Board Noble Link Holdings Limited Li Zhao Director Hong Kong, 7th 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.