RemeGen Co., Ltd. — Capital/Financing Update 2009

Nov 24, 2009

Hong Kong Exchanges and Clearing Limited and The Stock Exchange of Hong Kong Limited take no responsibilities 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.

==> picture [236 x 58] intentionally omitted <==

Overseas Chinese Town (Asia) Holdings Limited 華僑城（亞洲）控股有限公司

(Incorporated in the Cayman Islands with limited liability)

(Stock Code: 03366)

COMPLETION OF PLACING OF EXISTING SHARES AND SUBSCRIPTION FOR NEW SHARES UNDER GENERAL MANDATE

The Board is pleased to announce that the Placing and the Subscription were completed on 13 November 2009 and 24 November 2009, respectively, in accordance with the terms and conditions of the Placing and Subscription Agreement. An aggregate of 57,000,000 Placing Shares have been successfully placed to not less than six institutional, corporate and/or individual investors who are third parties independent of the Company and connected persons (within the meaning of the Listing Rules) of the Company, at the Placing Price of HK$2.80 per Placing Share and an aggregate of 57,000,000 Subscription Shares have been issued and allotted by the Company to Pacific Climax at the Subscription Price of HK$2.80 per Subscription Share.

Reference is made to the announcement of the Company dated 12 November 2009 (the “Announcement’’) in relation to, among other things, the Placing and the Subscription. Unless otherwise stated, capitalised terms used in this announcement shall have the same meanings as those defined in the Announcement.

The Board is pleased to announce that the Placing and the Subscription were completed on 13 November 2009 and 24 November 2009, respectively, in accordance with the terms and conditions of the Placing and Subscription Agreement dated 12 November 2009. An aggregate of 57,000,000 Placing Shares have been successfully placed to not less than six institutional, corporate and/or individual investors who are third parties independent of the Company and connected persons (within the meaning of the Listing Rules) of the Company, at the Placing Price of HK$2.80 per Placing Share and an aggregate of 57,000,000 Subscription Shares, representing approximately 16.44% of the issued share capital of the Company as at the date of this announcement, have been issued and allotted by the Company to Pacific Climax at the Subscription Price of HK$2.80 per Subscription Share. The net proceeds from the Subscription amount to approximately HK$155,000,000.

• 1 -

The shareholding structure of the Company before and after the Placing and the Subscription is as follows:

ShareholdersPacific ClimaxPolyfairz Group LimitedDirectorsNi ZhengZhou GuangnengPublic ShareholdersThe PlaceesOthersTotal

Before the PlacingAfter the Placingand the Subscriptionand the SubscriptionapproximatelyapproximatelyNo. of Shares%No. of Shares%196,620,00067.86196,620,00056.7015,630,0005.3915,630,0004.51600,0000.21600,0000.17510,0000.18510,0000.15––57,000,00016.4476,390,00026.3676,390,00022.03289,750,000100.00346,750,000100.00By order of the BoardOverseas Chinese Town (Asia) Holdings LimitedHou SongrongChairman

Hong Kong, 24 November 2009

As at the date of this announcement, the Board comprises eight Directors, namely: Mr. Hou Songrong, Mr. Ni Zheng, Ms. Xie Mei and Mr. Zhou Guangneng as executive Directors; Mr. Zheng Fan as nonexecutive Director; Ms. Wong Wai Ling, Mr. Xu Jian and Mr. Lam Sing Kwong Simon as independent non-executive Directors.

• 2 -