Novautek Technologies Group Limited — M&A Activity 2016

May 19, 2016

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.

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實力建業集團有限公司

(Incorporated in Bermuda with limited liability)

(Stock Code: 519)

(1) COMPLETION OF VERY SUBSTANTIAL ACQUISITION IN RELATION TO THE ACQUISITION OF THE ENTIRE ISSUED SHARE CAPITAL OF LEGACY BILLION LIMITED AND THE ACQUISITION SALE LOAN;

AND

(2) COMPLETION OF VERY SUBSTANTIAL DISPOSAL IN RELATION TO THE DISPOSAL OF THE ENTIRE ISSUED SHARE CAPITAL OF SEVERN VILLA LIMITED AND THE DISPOSAL SALE LOAN

Reference is made to the circular (the “ Circular ”) of Applied Development Holdings Limited (the “ Company ”) dated 27 April 2016. Capitalised terms used in this announcement shall have the same meanings as those defined in the Circular unless otherwise stated.

THE ACQUISITION

The Board is pleased to announce that all the conditions precedent as stipulated in the Acquisition Agreement have been fulfilled and the Acquisition was completed on 16 May 2016. All the conditions precedent as stipulated in the Principal Agreement have also been fulfilled and completion of the Principal Agreement took place on 18 May 2016.

Immediately following Acquisition Completion, the Acquisition Target becomes a wholly owned subsidiary of the Company and immediately following completion of the Principal Agreement, the Holding Company also becomes a wholly owned subsidiary of the Company. Each of the Acquisition Target and the Holding Company will be accounted for in the consolidated financial statements of the Group.

THE DISPOSAL

The Board is pleased to announce that all the conditions precedent as stipulated in the Disposal Agreement have been fulfilled and the Disposal was completed on 19 May 2016.

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Immediately following Disposal Completion, the Company ceased to hold any interest in the Disposal Target and the Disposal Target ceased to be a subsidiary of the Company. Accordingly, the results of the Disposal Target will no longer be consolidated into the consolidated financial statements of the Group.

By Order of the Board Applied Development Holdings Limited Wang Jingyu Chairlady and Managing Director

Hong Kong, 19 May 2016

As at the date of this announcement, the Executive Directors are Ms. Wang Jingyu, Ms. Ng Kit Ling and Mr. Tsao Hoi Ho; the Independent Non-executive Directors are Mr. Su Ru Jia, Mr. Lo Yun Tai and Mr. Chan Ming Fai, Terence.

In the event of inconsistency, the English text of this announcement shall prevail over the Chinese text thereof.

• For identification purposes only

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