RemeGen Co., Ltd. — Capital/Financing Update 2011

Mar 3, 2011

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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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)

GRANT OF SHARE OPTIONS

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

The board of directors (the “Board”) of Overseas Chinese Town (Asia) Holdings Limited (the “Company”) hereby announces that on 3 March 2011, 30,550,000 share options (the “Share Options”) to subscribe for a total of 30,550,000 ordinary shares of HK$0.10 each (the “Shares”) of the Company were offered to grant to certain directors and employees of the Company and its subsidiaries (collectively, the “Grantees”) under the share option scheme adopted by the Company on 15 February 2011, subject to the acceptance of the Grantees. Details of the Share Options are as follows:

Offer Date:

3 March 2011

Exercise price of Share Options offered:

HK$4.04 per Share

Number of Share Options offered:

30,550,000 (each Share Option shall entitle the holder thereof to subscribe for one Share)

Closing price of the Shares on the Offer Date:

HK$4.04 per Share

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Validity period of the Share Options:

The Share Options shall be exercisable during the period of 5 years from the date of acceptance of the offer of the grant (the “Date of Grant”) up to 5 years from the Date of Grant subject to the following vesting term:–

Maximum percentage of Share
Options exercisable including	Period for exercise
the percentage of Share Options	of the relevant percentage
previously exercised	of the Share Options
30%	at any time after the expiry of
	2 years from the Date of Grant up
	to 3 years from the Date of Grant
60%	at any time after the expiry of
	3 years from the Date of Grant up
	to 4 years from the Date of Grant
100%	at any time after the expiry of
	4 years from the Date of Grant up
	to 5 years from the Date of Grant.

Among the Share Options granted above, 2,700,000 Share Options were granted to the directors of the Company and its subsidiaries (the “Directors”), details of which are as follows:

	Position(s) held with	Number of
Name of Director	the Company	Share Options
Mr. Zhou Guangneng	Executive Director	300,000
Mr. He Haibin	Non-executive Director	400,000
Mr. Huang Zhiqiang	Director of subsidiaries	1,000,000
Mr. Chen Gang	Director of subsidiaries	1,000,000

The grant of Share Options to the above Directors has been approved by the independent non-executive Directors.

Save as disclosed herein, the Grantees are neither Director, chief executive nor substantial shareholder of the Company nor associate (as defined in the Listing Rules) of any of them.

By order of the Board Overseas Chinese Town (Asia) Holdings Limited Wang Xiaowen Chairman

Hong Kong, 3 March 2011

As at the date of this announcement, the board of directors of the Company comprises seven Directors, namely: Ms. Wang Xiaowen, 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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