RemeGen Co., Ltd. — Capital/Financing Update 2010

Jun 2, 2010

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.

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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 SUBSCRIPTION FOR NEW SHARES AND PLACING OF NEW SHARES UNDER SPECIFIC MANDATE

The Board is pleased to announce that the Subscription and the Placing were completed on 2 June 2010, in accordance with the terms and conditions of the Subscription Agreement and the Placing Agreement respectively. An aggregate of 91,800,000 Subscription Shares have been issued and allotted by the Company to Pacific Climax at the Subscription Price of HK$5.00 per Subscription Share and an aggregate of 60,000,000 Placing Shares have been successfully placed to not less than six 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$5.00 per Placing Share.

Reference is made to the announcement of the Company dated 9 April 2010 (the “Announcement”) in relation to, among other things, the Subscription and the Placing. 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 Subscription and the Placing were completed on 2 June 2010, in accordance with the terms and conditions of the Subscription Agreement and the Placing Agreement respectively dated 1 April 2010. An aggregate of 91,800,000 Subscription Shares have been issued and allotted by the Company to Pacific Climax at the Subscription Price of HK$5.00 per Subscription Share and an aggregate of 60,000,000 Placing Shares have been successfully placed to not less than six 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$5.00 per Placing Share. The net proceeds from the Subscription and the Placing amount to approximately HK$747,000,000.

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The shareholding structures of the Company before and after the Subscription and the Placing are as follows:

ShareholdersPacific ClimaxDirectorsNi ZhengZhou GuangnengPublic ShareholdersThe PlaceesUBS AGOthersTotal	Before the Subscriptionand the PlacingapproximatelyNo. of Shares%196,620,00056.70600,0000.17510,0000.15––29,716,0008.57119,304,00034.41346,750,000100.00	After the Subscriptionand the PlacingapproximatelyNo. of Shares%288,420,00057.85600,0000.12510,0000.1060,000,00012.0429,716,0005.96119,304,00023.93498,550,000100.00	After the Subscriptionand the PlacingapproximatelyNo. of Shares%288,420,00057.85600,0000.12510,0000.1060,000,00012.0429,716,0005.96119,304,00023.93498,550,000100.00
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By order of the Board Overseas Chinese Town (Asia) Holdings Limited Ni Zheng Chairman

Hong Kong, 2 June 2010

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

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