Pacific Basin Shipping Limited — M&A Activity 2017

Jun 16, 2017

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

**CHINA SMARTER ENERGY GROUP HOLDINGS LIMITED 中國智慧能源集團控股有限公司 ***

(Incorporated in Bermuda with limited liability) (Stock Code: 1004)

DISCLOSEABLE TRANSACTION IN RELATION TO

ACQUISITION OF COMPANIES THAT HOLD SOLAR POWER PROJECTS IN THE PRC

Reference is made to the announcement of China Smarter Energy Group Holdings Limited (the “ Company ”, together with its subsidiaries, the “ Group ”) dated 2 April 2017 and 31 May 2017 in relation to the acquisition by the Group of three companies that are engaged in the solar power industry in the PRC (the “ Announcements ”). Unless defined otherwise, capitalised terms used in this announcement have the same meaning as defined in the Announcements.

As stated in the Announcement dated 31 May 2017, the long stop date for the fulfilment of the relevant conditions precedent in the Changfeng Sale and Purchase Agreement and the Gaoan Sale and Purchase Agreement was extended to 15 June 2017. As more time is required for the parties to satisfy certain conditions precedent in the Gaoan Sale and Purchase Agreement, the Purchaser and Vendor B have agreed to further extend the long stop date of the relevant agreement to 25 June 2017. All conditions precedent under the Changfeng Sale and Purchase Agreement have been fulfilled as of the date of this announcement and the Dezhou Sale and Purchase Agreement has been completed on 15 June 2017.

By Order of the Board China Smarter Energy Group Holdings Limited Mr. Wang Hao Chairman

Hong Kong, 16 June 2017

As at the date of this announcement, the Board comprises nine Directors, of whom six are executive Directors, namely Mr. Wang Hao, Mr. Ko Tin Kwok, Ms. Zhao Li, Mr. Lam Kwan Sing, Mr. Hon Ming Sang and Mr. Hu Hanyang; and three are independent non-executive Directors, namely Mr. Fok Ho Yin, Thomas, Mr. Li Hui and Mr. Lam Cheung Mau.

• for identification purpose only