Pacific Textiles Holdings Limited — Capital/Financing Update 2013

Oct 11, 2013

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.

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(Incorporated in Cayman Islands with limited liability) (Stock Code: 01382)

GRANT OF SHARE OPTIONS

This announcement is made pursuant to Rule 17.06A of the Rules Governing the Listing of Securities (the “Listing Rules”) on The Stock Exchange of Hong Kong Limited (the “Stock Exchange”).

The board of Directors (the “Board”) of Pacific Textiles Holdings Limited (the “Company”) announces that the Company has granted share options to eligible persons under the share option scheme, adopted by the Company on 27 April 2007, subject to acceptance of the grantees, details of which are set out as below:

	board of Directors (the “Board”) of Pacific Textiles Holdings Limited (the “Company”)ounces that the Company has granted share options to eligible persons under there option scheme, adopted by the Company on 27 April 2007, subject to acceptance ofgrantees, details of which are set out as below:	board of Directors (the “Board”) of Pacific Textiles Holdings Limited (the “Company”)ounces that the Company has granted share options to eligible persons under there option scheme, adopted by the Company on 27 April 2007, subject to acceptance ofgrantees, details of which are set out as below:	board of Directors (the “Board”) of Pacific Textiles Holdings Limited (the “Company”)ounces that the Company has granted share options to eligible persons under there option scheme, adopted by the Company on 27 April 2007, subject to acceptance ofgrantees, details of which are set out as below:	board of Directors (the “Board”) of Pacific Textiles Holdings Limited (the “Company”)ounces that the Company has granted share options to eligible persons under there option scheme, adopted by the Company on 27 April 2007, subject to acceptance ofgrantees, details of which are set out as below:
	e of Grant:11 October 2013 ("Date of Grant")rcise price of shareons granted:HK$9.98 to subscribe for one ordinary share ofHK$0.001 each of the Companyber of share optionsted:10,000,000 share options (each share optionshall entitle the holder of the share option to
Date of Grant:11 October 2013 ("Date of Grant")Exercise price of shareoptions granted:HK$9.98 to subscribe for one ordinary share ofHK$0.001 each of the CompanyNumber of share optionsgranted:10,000,000 share options (each share optionshall entitle the holder of the share option tosubscribe for one ordinary share of theCompany). None of the grantees is a Director,chief executive, substantial shareholder of theCompany, or associate (as defined under theListing Rules) of any of them.Closing price of the Shareon the Date of Grant:HK$9.98 per ShareValidity Period of ShareOptions:11 October 2016 to 10 October 2023 ("OptionPeriod")Vesting Periods:	e of Grant:11 October 2013 ("Date of Grant")rcise price of shareons granted:HK$9.98 to subscribe for one ordinary share ofHK$0.001 each of the Companyber of share optionsted:10,000,000 share options (each share optionshall entitle the holder of the share option to
	subscribe for one ordiCompany). None of the gchief executive, substantiCompany, or associate (aListing Rules) of any of the	nary sharerantees is aal shareholdes defined unm.	of theDirector,r of theder the
	ing price of the Share :HK$9.98 per Share

The share options may be exercisable at any time during the Option Period, provided that the maximum number of share options which each grantee is entitled to exercise shall not exceed:

(a) 30 per cent. of the total number of share options during the period from the expiry of the third anniversary of the Date of Grant to the date immediately before the sixth anniversary of the Date of Grant;

(b) 35 per cent. of the total number of share options during the period from the sixth anniversary of the Date of Grant to the date immediately before the ninth anniversary of the Date of Grant; (c) 35 per cent. of the total number of share options during the period from the ninth anniversary of the Date of Grant to the date immediately before the tenth anniversary of the Date of Grant;

save that any of the outstanding and unexercised share options at the end of each of the aforesaid vesting periods may be rolled over to the next vesting period and thereafter and be exercisable before the expiry of the Option Period. All unexercised share options shall lapse on 10 October 2023.

By order of the Board Pacific Textiles Holdings Limited WAN Wai Loi Chairman

Hong Kong, 11 October 2013

As at the date of this announcement, the executive Directors are Mr. WAN Wai Loi (Chairman), Mr. TSANG Kang Po and Mr. LAM Wing Tak, the non-executive Directors are Mr. CHOI Kin Chung, Mr. IP Ping Im and Mr. LAU Yiu Tong and the independent non-executive Directors are Mr. CHAN Yue Kwong, Michael, Mr. NG Ching Wah and Mr. SZE Kwok Wing, Nigel.

* For identification purposes only