Redco Properties Group Limited — Capital/Financing Update 2017

Jul 21, 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.

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REDCO PROPERTIES GROUP LIMITED 力高地產集團有限公司

(Incorporated in the Cayman Islands with limited liability)

(Stock Code: 1622)

DISCLOSURE UNDER RULE 13.18 OF THE LISTING RULES

This announcement is made by Redco Properties Group Limited (the “ Company ”) under Rule 13.18 of the Rules Governing the Listing of Securities on The Stock Exchange of Hong Kong Limited (the “ Listing Rules ”).

On 20 July 2017 (after trading hours), the Company (as borrower), certain subsidiaries of the Company (as original guarantors), certain financial institutions (as original mandated lead arrangers) and a facility agent entered into a facility agreement (the “ Facility ”) in respect of a US$202,000,000 transferable term loan facility with a term of 36 months from the date of the Facility agreement and at an interest rate of LIBOR plus 4% per annum. Subject to the terms of the Facility, the total commitment under the Facility may be increased to not more than US$220,000,000 as a result of the accession of lender(s).

Under the Facility, it will be an event of default if:

• i. Mr. Huang Ruoqi (“ Mr. Huang ”) and Mr. Wong Yuek Hung (“ Mr. Wong ”) individually or collectively do not or cease to hold (directly or indirectly) 51% or more of the beneficial shareholding interest, carrying 51% or more of the voting rights, in the issued share capital of the Company or do not or cease to maintain management control over the Company; or

• ii. Mr. Huang is not or ceases to be the president and an executive director of the board of directors of the Company.

On and at any time after the occurrence of an event of default which is continuing, the facility agent may cancel all or part of the commitments, or declare that all or part of the loans, together with accrued interest, and all other amounts accrued or outstanding be immediately due and payable.

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As at the date of this announcement:

• i. Times International Development Company Limited, a company wholly owned by Mr. Huang, holds 924,838,000, shares of the Company (the “ Shares ”), representing approximately 26.04% of the issued share capital of the Company; and

• ii. Global Universe International Holdings Limited, a company wholly owned by Mr. Wong, holds 1,387,258,000 Shares, representing approximately 39.06% of the issued share capital of the Company.

As at the date of this announcement, Mr. Haung and Mr. Wong are interested in aggregate 2,312,096,000 Shares, representing approximately 65.10% of the issued share capital of the Company.

The Company will make continuing disclosure in its subsequent interim and annual reports pursuant to the requirements of Rule 13.21 of the Listing Rules so long as the abovementioned obligations continue to exist.

On behalf of the Board Redco Properties Group Limited Wong Yeuk Hung Chairman

Hong Kong, 21 July 2017

As at the date of this announcement, the executive Directors are Mr. Wong Yeuk Hung, Mr. Huang Ruoqing and Mr. Tang Chengyong and the independent non-executive Directors are Dr. Wong Yau Kar, David GBS, BBS, JP, Mr. Chau On Ta Yuen SBS, BBS, Mr. Yip Tai Him and Mr. Chow Kwong Fai, Edward, JP.

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