Richly Field China Development Limited — Share Issue/Capital Change 2012

Jun 18, 2012

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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(Stock Code: 176)

Websites: www.upi.com.hk, www.irasia.com/listco/hk/upi

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 “Listing Rules”).

The board of directors (the “Board”) of United Pacific Industries Ltd (the “Company”) announces that, on 18 June 2012, the Company granted 13,500,000 options (the “Options”) to directors of the Company (the “Grantees”) under the share option scheme of the Company adopted on 30 August 2004, subject to acceptance of the Grantees. The Options will entitle the Grantees to subscribe for a total of 13,500,000 new ordinary shares with nominal value of HK$0.10 per share (the “Shares”) in the capital of the Company. Details of the Options granted are set out as below:

Date of grant : 18 June 2012 Number of the Options granted : 13,500,000 Exercise price of the Options : HK$0.313 per Share granted

Closing price of the Shares on : HK$0.31 per Share the date of grant

Validity period of the Options : 10 years from 18 June 2012 to 17 June 2022

Vesting schedule

• : The Options granted are subject to vesting in 3 equal tranches on the first, second and third anniversary of the date of the grant.

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The details of the Grantees are as follows :

Name

Number of Options Granted

David H Clarke (Executive Director and Chairman) 6,000,000 Simon N Hsu (Executive Director and Executive 4,500,000 Vice-Chairman) Henry W Lim (Executive Director and Chief 3,000,000 Executive Officer)

By Order of the Board UNITED PACIFIC INDUSTRIES LIMITED David H Clarke Chairman

Hong Kong, 18 June 2012

As the date of this announcement, the Board comprises four Executive Directors, namely Mr. David H Clarke, Mr. Simon N Hsu, Mr. Henry W Lim and Mr. Patrick J Dyson; two Non- Executive Directors, namely Mr. Chan Kin Sang and Mr. Liu Ka Lim and three Independent Non-Executive directors, namely Mr. Robert B Machinist, Mr. Ramon S Pascual and Dr. Wong Ho Ching, Chris.

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