Sinopec Engineering Group Co Ltd. — M&A Activity 2017

Jun 25, 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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UNIVERSE INTERNATIONAL FINANCIAL HOLDINGS LIMITED 寰宇國際金融控股有限公司

(Incorporated in Bermuda with limited liability)

(Stock Code: 1046)

LAPSE OF THE SALE AND PURCHASE AGREEMENT IN RELATION TO THE ACQUISITION OF 100% OF THE ISSUED SHARE CAPITAL IN A LICENSED CORPORATION

Reference is made to the announcement of Universe International Financial Holdings Limited (“ Company ”) dated 24 June 2016 (“ Announcement ”) in relation to the acquisition of 100% of the issued share capital of a licensed corporation (“ Acquisition ”). Unless otherwise stated, capitalised terms used herein shall have the same meaning as defined in the Announcement.

Pursuant to the SP Agreement, the Completion is subject to the fulfilment or waiver (as the case may be) of various conditions precedents as set out in the paragraph headed “Conditions Precedent” in the Announcement by 5:00 p.m. on 24 June 2017 or such later date as the Purchaser and the Vendors may agree in writing (“ Long Stop Date ”).

As the conditions precedents to the SP Agreement have not been fulfilled and/or waived (as the case may be) in full by 5:00 p.m. on 24 June 2017, being the Long Stop Date, and the parties to the SP Agreement have not agreed on any further extension of the Long Stop Date, the SP Agreement has lapsed and become of no effect.

The Directors consider that the lapse of the SP Agreement have no material adverse effect on the business, operations and financial position of the Group.

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

Hong Kong, 25 June 2017

As at the date of this announcement, the executive Directors are Mr. Lam Shiu Ming, Daneil and Mr. Lam Kit Sun, and the independent non-executive Directors are Mr. Lam Chi Keung, Mr. Choi Wing Koon and Ms. Cheng Lo Yee.