S E A Holdings Limited — Capital/Financing Update 2017

Oct 18, 2017

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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The Hong Kong Building and Loan Agency Limited 香港建屋貸款有限公司

(Incorporated in Hong Kong with limited liability)

(Stock code: 145)

CHANGE OF USE OF PROCEEDS FROM PLACING OF NEW SHARES

Reference is made to the announcements issued by The Hong Kong Building and Loan Agency Limited (the “ Company ”) dated 18 August 2017 relating to the change of use of proceeds from placing of new shares (the “ First Change in Use of Proceeds Announcement ”). Unless otherwise stated, capitalised terms used in this announcement shall have the same meanings as those defined in the announcements dated 29 December 2016, 11 January 2017 and 20 January 2017 in relation to the Placing (collectively, the “ Announcements ”), the annual report for the year ended 31 December 2016 (“ Annual Report 2016 ”).

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In order to enhance the existing business development, the Board resolved to further change (the “ Further Change ”) the allocation of the proposed use of the proceeds to as follows:

General working capital of the Group Repayment of existing indebtedness Possible investments	Original allocation of net proceeds HK$’000 48,920 34,980 50,000 133,900	Revised allocation after the changes as disclosed in the First Change in Use of Proceeds Announcement HK$’000 80,085 34,980 18,835 133,900	Utilised amount (as at the date of this announcement) HK$’000 (77,814) (34,980) (835) (113,629)	Unutilised amount after the First Change in Use of Proceeds Announcement (before the Further Change) HK$’000 2,271 – 18,000 20,271	Revised allocation of unutilised amount (after the Further Change) HK$’000 18,271 – 2,000
					20,271

Save as aforesaid, there is no other change of use of the proceeds from the Placing as disclosed in the Announcements and Annual Report 2016.

By Order of the Board

The Hong Kong Building and Loan Agency Limited Chong Kok Leong Executive Director

Hong Kong, 18 October 2017

As at the date of this announcement, the Board comprises Mr. So Yuen Chun, Dr. Li Ai Guo, Mr. Chong Kok Leong and Mr. Zhuang Miaozhong being the executive Directors; Mr. Lam Kwok Hing, Wilfred being the non-executive Director; and Mr. Yeung Wai Hung, Peter, Ms. Yuen Wai Man, Mr. Huang Lizhi and Mr. Choy Hiu Fai, Eric being the independent nonexecutive Directors.

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