Novautek Technologies Group Limited — Capital/Financing Update 2012

Jul 31, 2012

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 however arising from or in reliance upon the whole or any part of the contents of this announcement.

==> picture [261 x 132] intentionally omitted <==

(incorporated in Bermuda with limited liability) (Stock code: 519)

DISCLOSEABLE TRANSACTION - DISPOSAL OF PROPERTY DEFERRAL OF COMPLETION OF THE PURCHASE AND SALE AGREEMENT

Reference is made to the Announcement. The Board announces that on 31 July 2012, the Vendor and the Purchaser entered into a supplemental agreement, pursuant to which parties agreed to defer the completion date of the Purchase and Sale Agreement from 31 July 2012 to before 30 September 2012, to allow further time for the relevant PRC tax bureau to assess the tax for the Property.

Reference is made to the announcement published by Applied Development Holdings Limited (the “Company”) dated 7 June 2012 (the “Announcement”). Unless the context otherwise requires, terms used in this announcement have the meanings ascribed to them in the Announcement.

Pursuant to the terms of the Purchase and Sale Agreement, the completion for the Disposal under the Purchase and Sale Agreement was intended to take place on or before 31 July 2012.

On 31 July 2012, the Vendor and the Purchaser entered into a supplemental agreement, pursuant to which the parties agreed to defer the completion date of the Purchase and Sale Agreement from 31 July 2012 to before 30 September 2012, to allow further time for the relevant PRC tax bureau to assess the tax for the Property.

By order of the Board Applied Development Holdings Limited Hung Kai Mau, Marcus Chairman

Hong Kong, 31 July 2012

As at the date hereof, Mr. Hung Kai Mau, Marcus is an executive Director of the Company; Mr. Lun Tsan Kau, Mr. Su Ru Jia, Mr. Lo Yun Tai and Mr. Chan Ming Fai, Terence are independent non-executive Directors of the Company.

*For identification purposes only