RemeGen Co., Ltd. — Capital/Financing Update 2018

Jun 27, 2018

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)

VOLUNTARY ANNOUNCEMENT ACQUISITION OF CHANGSHU LAND

This announcement is made by Overseas Chinese Town (Asia) Holdings Limited (the “ Company ”, together with its subsidiaries, the “ Group ”) on voluntary basis.

ACQUISITION OF THE CHANGSHU LAND

The board (the “ Board ”) of directors (the “ Directors ”) of the Company is pleased to announce that on 25 June 2018, OCT (Changshu) Investment and Development Co., Ltd. (華僑城（常熟） 投資發展有限公司) (“ OCT Changshu ”), a non wholly-owned subsidiary of the Company, won the bid for the land use rights of a land parcel located in Changshu City (the “ Changshu Land ”, details of which are set out in the section headed “ Information of the Changshu Land ” herein) at the base bid price of RMB18,778,200 and entered into a tender confirmation letter (the “ Tender Confirmation ”) with Changshu Land and Resources Bureau ((常熟市國土資源局) (the “ Land Resources Bureau ”). Pursuant to the Tender Confirmation, OCT (Changshu) shall enter into a land transfer agreement with the land Resources Bureau to acquire the Changshu Land at the consideration of RMB18,778,200.

The Group intends to satisfy the consideration by its internal resources.

INFORMATION OF THE CHANGSHU LAND

The Changshu Land is a land parcel located in the north of Hualian Road, Meili Town, and the west of Huqin Road with a total site area of approximately 53,652 square metres. The Changshu land is for industrial use only, which OCT (Changshu) intends to develop into industrial parks. The term of land use rights of the Changshu Land is 50 years.

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REASONS FOR AND BENEFITS OF ENTERING INTO THE LAND TRANSFER AGREEMENT

Having considered (i) the Changshu Land is expected to have a relatively greater appreciation potentials since land resources are scarce in the region where the Changshu Land is located and there is a higher market demand; and (ii) the industrial park project to be conducted on the Changshu Land can provide an innovative development model for industrial lands currently owned by the Group, in line with the interests of the Company, the Directors are of the view that the terms of the Land Transfer Agreement are on normal commercial terms that are fair and reasonable, and the transaction contemplated thereunder is in the interests of the Company and the Shareholders as a whole.

INFORMATION ON OCT (CHANGSHU)

OCT (Changshu) is a non wholly-owned subsidiary of the Company incorporated in the PRC and owned as to 60% and 40% by the Company and the Government of Meili Town, Changshu City (常 熟市梅李鎮政府), respectively. It is principally engaged in investment in new urbanization projects and development operations, development and operation of industrial parks, land consolidation, etc.

INFORMATION ON LAND RESOURCES BUREAU

The Land Resources Bureau is a PRC governmental body.

To the best knowledge, information and belief of the Directors, having made all reasonable enquiries, Land Resources Bureau, being a PRC governmental body, is a third party independent of the Company and its connected persons (as defined in the Rules Governing the Listing of Securities on The Stock Exchange of Hong Kong Limited (the “ Listing Rules ”).

LISTING RULES IMPLICATIONS

The transaction contemplated under the Land Transfer Agreement is exempt from the reporting, announcement and shareholders’ approval requirements of Chapter 14 of the Listing Rules as all applicable percentage ratios under Rule 14.07 of the Listing Rules are below 5%.

In this announcement, the English names of the PRC entities or enterprises are translation of their Chinese names. In the event of any inconsistency, the Chinese names shall prevail.

By order of the Board Overseas Chinese Town (Asia) Holdings Limited He Haibin Chairman

Hong Kong, 27 June 2018

As at the date of this announcement, the Board comprises seven Directors, namely: Mr. He Haibin, Ms. Xie Mei and Mr. Lin Kaihua as executive Directors; Mr. Zhang Jing as non-executive Director; Mr. Lu Gong, Ms. Wong Wai Ling, and Professor Lam Sing Kwong Simon as independent non-executive Directors.

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