Sinopec Engineering Group Co Ltd. — Capital/Financing Update 2015

Jul 23, 2015

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.

This announcement appears for information purposes only and does not constitute an invitation or offer to acquire, purchase or subscribe for the securities of the Company.

UNIVERSE INTERNATIONAL HOLDINGS LIMITED 寰宇國際控股有限公司[*]

(Incorporated in Bermuda with limited liability)

(Stock Code: 1046)

ADJUSTMENTS TO THE UNLISTED WARRANTS AS A RESULT OF THE RIGHTS ISSUE

Reference is made to (i) the circular of Universe International Holdings Limited dated 24 June 2015 (“ Circular ”) in respect of, among other matters, the Placing, the Rights Issue and the grant of the Warrant Issue Mandate; and (ii) the poll results announcement of the special general meeting of the Company held on 13 July 2015 (“ Results Announcement ”). Unless otherwise stated, capitalised terms used in this announcement shall bear the same meanings as defined in the Circular and the Results Announcement.

The resolution in relation to the Rights Issue and the resolution in relation to the grant of the Warrant Issue Mandate as set out in the Notice were duly passed at the SGM.

Adjustment to Unlisted Warrants

As at the date of this announcement, the Company has outstanding Unlisted Warrants in the aggregate principal amount of HK$85,500,000 which entitle the holders thereof to subscribe for a total of 34,200,000 Warrant Shares based on the subscription price of HK$2.50 per Warrant Share.

• for identification purposes only

1

As a result of the Rights Issue, the subscription price and the maximum number of Warrant Shares falling to be allotted and issued upon exercise of the subscription rights attached to the Unlisted Warrants will be adjusted in the following manner (with effect from the commencement of the day following the Record Date):

	On the Record	Date	On the day following the Record Date	On the day following the Record Date
	Maximum Number		Maximum Number of
	of Warrant Shares		Warrant Shares
	to be issued		to be issued
Outstanding	by the Company		by the Company	Adjusted
principal amount	upon full exercise	Subscription	upon full exercise	Subscription
of the	of the	price per	of the	price per
Unlisted Warrants	Unlisted Warrants	Warrant Share	Unlisted Warrants	Warrant Share
(HK$)		(HK$)		(HK$)
85,500,000	34,200,000	2.50	66,279,069	1.29

The adjustments to the Unlisted Warrants set out above have been reviewed by Donvex Capital Limited, an independent financial adviser appointed by the Company, in accordance with the terms of the Unlisted Warrants. Such adjustments will become effective on Friday, 24 July 2015, being the day following the Record Date.

The Directors have already been granted the Warrant Issue Mandate by the Shareholders at the SGM so that the Directors may allot and issue such number of Warrant Shares upon the exercise of the subscription rights attached to the Unlisted Warrants in full.

On behalf of the Board Universe International Holdings Limited Lam Shiu Ming, Daneil Chairman and Executive Director

Hong Kong, 23 July 2015

As at the date of this announcement, the executive Directors are Mr. Lam Shiu Ming, Daneil, Mr. Yeung Kim Piu, Mr. Hung Cho Sing and Mr. Lam Kit Sun, the non-executive Director is Mr. Chan Shiu Kwong Stephen, and the independent non-executive Directors are Mr. Lam Wing Tai, Mr. Choi Wing Koon and Mr. Lam Chi Keung.

2