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Sinopec Engineering Group Co Ltd. Capital/Financing Update 2015

Feb 13, 2015

14896_rns_2015-02-13_3d54ed67-653a-47c4-b818-ab13d10d35d3.pdf

Capital/Financing Update

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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.

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

(Incorporated in Bermuda with limited liability)

(Stock Code: 1046)

INSIDE INFORMATION: TERMINATION OF THE MEMORANDUM OF UNDERSTANDING IN RESPECT OF THE PROPOSED ACQUISITION

Reference is made to the announcement of Universe International Holdings Limited (“ Company ”, together with its subsidiaries, the “ Group ”) dated 13 October 2014 (“ Announcement ”) in respect of the entering into of a non-legally binding memorandum of understanding (“ MOU ”) between Fragrant River Entertainment Culture (Holdings) Limited (“ Fragrant River ”), a wholly-owned subsidiary of the Company, and a potential seller (“ Potential Seller ”) in respect of the proposed acquisition (“ Acquisition ”) of all or part of the Potential Seller’s shareholding in a company incorporated in the Cayman Islands with limited liability. Capitalised terms used herein shall have the same meanings as those defined in the Announcement unless the context requires otherwise.

Pursuant to the terms of the MOU, among other matters, in the event that the Formal SPA has not been entered into between the parties within the Exclusivity Period (which ended on 13 February 2015), either Fragrant River or the Potential Seller may terminate the MOU forthwith by immediate notice to the other.

As no Formal SPA has been entered into between the parties to the MOU within the Exclusivity Period, Fragrant River served a notice of termination after the close of the trading hours on 13 February 2015 to the Potential Seller to forthwith terminate the MOU.

The Board considers that the termination of the MOU has no material adverse impact on the Group as a whole.

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

Hong Kong, 13 February 2015

As at the date of this announcement, the Board of comprise of Mr. Lam Shiu Ming, Daneil, Mr. Hung Cho Sing, Mr. Yeung Kim Piu and Mr. Lam Kit Sun as executive Directors and Mr. Lam Wing Tai, Mr. Choi Wing Koon and Mr. Lam Chi Keung as independent non-executive Directors.

  • for identification purposes only