Sunac Services Holdings Limited — M&A Activity 2008

Aug 27, 2008

The Stock Exchange of Hong Kong Limited takes no responsibility for the contents of this announcement, makes no representation as to its accuracy or completeness and expressly disclaims 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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SHUN CHEONG HOLDINGS LIMITED 順昌集團有限公司[*]

(Incorporated in Bermuda with limited liability)

(Stock Code: 650)

HOLDING ANNOUNCEMENT IN RELATION TO THE ACQUISITION OF HOTEL PROJECT

On 19 August 2008 (after the trading hours), the Company, through its wholly-owned subsidiary, entered into a sale and purchase agreement and a debt restructuring agreement relating to the acquisition of the Hotel Project which may constitute a very substantial acquisition of the Company under the Listing Rules and accordingly requested for suspension of trading in the Shares from 9:30 a.m. on 20 August 2008.

The Company is in the process of preparing the announcement in relation to the aforesaid acquisition as required under the Listing Rules and will publish the announcement as and when appropriate.

Trading in the Shares will remain suspended pending the publication of the announcement in relation to the proposed acquisition of the Hotel Project.

This announcement is made pursuant to Rule 13.09 of the Listing Rules.

Reference is made to the announcement of the Company dated 12 March 2008 relating to the proposed acquisition of the Hotel Project.

On 19 August 2008 (after the trading hours), the Company, through its wholly-owned subsidiary, entered into a sale and purchase agreement and a debt restructuring agreement relating to the acquisition of the Hotel Project which may constitute a very substantial acquisition of the Company under the Listing Rules and accordingly requested for suspension of trading in the Shares from 9:30 a.m. on 20 August 2008.

The Company is in the process of preparing the announcement in relation to the aforesaid acquisition as required under the Listing Rules and will publish the announcement as and when appropriate.

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Trading in the Shares will remain suspended pending the publication of the announcement in relation to the proposed acquisition of the Hotel Project.

DEFINITIONS

In this announcement, the following expressions shall, unless the context requires otherwise, have the following meanings:

to the proposed acquisition of the Hotel Project.
DEFINITIONSIn this announcement, the following expressions shall, unless the contfollowing meanings:	ext requires other	wise, have the
“Board’’the board of Directors“Company”Shun Cheong Holdings Limited, a cowith limited liability which shares athe Stock Exchange“Director(s)”the director(s) of the Company“Hotel Project”廣西沃頓國際大酒店有限公司(GuaCompany Limited), which holds,relevant land use right in Nanning, t“Listing Rules”the Rules Governing the ListingExchange“PRC”the People’s Republic of China“Share(s)”ordinary share(s) of HK$0.01 eacCompany“Stock Exchange”The Stock Exchange of Hong KongBy oSHUN CHEONExe	mpany incorporatre listed on thengxi Wharton Inteamong others, ahe PRCof Securitiesh in the shareLimitedrder of the BoardG HOLDINGSCao Jingcutive Chairman
		ed in BermudaMain Board of
		rnational Hotel
		hotel and theon the Stock
		capital of the
		LIMITED
Hong Kong, 27 August 2008As at the date hereof, the Board comprises of six Directors, of whom twoMs. Cao Jing (executive chairman) and Mr. Zhang Shaohua (managinDirector, namely Mr. Mo Tianquan, and three are independent non-exYe Jianping, Mr. Derek Palaschuk and Mr. Yao Xusheng.* for identification purposes only	are executive Dirg director), one isecutive Directors
		ectors, namelynon-executive
		, namely Prof.

Hong Kong, 27 August 2008

As at the date hereof, the Board comprises of six Directors, of whom two are executive Directors, namely Ms. Cao Jing (executive chairman) and Mr. Zhang Shaohua (managing director), one is non-executive Director, namely Mr. Mo Tianquan, and three are independent non-executive Directors, namely Prof. Ye Jianping, Mr. Derek Palaschuk and Mr. Yao Xusheng.

* for identification purposes only

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