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SuperRobotics Limited — Capital/Financing Update 2013
Oct 30, 2013
51311_rns_2013-10-30_8cbbafc5-a9d4-461f-b53a-0cdc3aed0578.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.
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----- Start of picture text ----- EDS Wellness Holdings Limited----- End of picture text -----
EDS Wellness Holdings Limited
(Incorporated in the Cayman Islands with limited liability)
(Stock Code: 8176)
EXTENSION OF LONG STOP DATES OF THE SUBSCRIPTION AGREEMENT AND THE LOAN AGREEMENT
Reference is made to the announcement dated 21 March 2013 and the circular dated 23 May 2013 (the ‘‘Circular’’) of the Company. Unless otherwise defined herein, capitalised terms used in this announcement shall have the same meanings as those defined in the Circular.
EXTENSION OF LONG STOP DATE OF THE SUBSCRIPTION AGREEMENT
The Board announces as additional time is required for the fulfillment of the conditions precedent of the Subscription Agreement, after arm’s length negotiations, New Cove Limited and the Company entered into a letter of extension (the ‘‘Extension Letter of the Subscription Agreement’’) on 30 October 2013 to extend the long stop date for completion of the Subscription Agreement from 31 October 2013 to 30 June 2014. Save for the above, all other terms and conditions of the Subscription Agreement shall remain unchanged and continue in full force and effect.
EXTENSION OF LONG STOP DATE OF THE LOAN AGREEMENT
The Board further announces that as additional time is required for the fulfillment of the conditions precedent of the Loan Agreement, after arm’s length negotiations, Hong Kong Builders Finance Limited and the Company entered into a letter of extension (together with the Extension Letter of the Subscription Agreement, the ‘‘Extension Letters’’) on 30 October 2013 to extend the long stop date of the Loan Agreement from 31 October 2013 to 30 June 2014. Save for the above, all other terms and conditions of the Loan Agreement shall remain unchanged and continue in full force and effect.
The Board considers that the Extension Letters are on normal commercial terms and in the interests of the Company and its shareholders as a whole.
By order of the Board EDS Wellness Holdings Limited Yu Zhen Hua Johnny Chairman
Hong Kong, 30 October 2013
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As at the date of this announcement, the Board comprises four executive Directors, namely Mr. Yu Zhen Hua Johnny, Mr. Wang Xiaofei (with Mr. Lee Chan Wah as alternate), Mr. Wang Shangzhong and Mr. Lee Chan Wah; one non-executive Director, namely Mr. Du Juanhong; and three independent non-executive Directors, namely Mr. Tam B Ray Billy, Mr. Chu Kin Wang Peleus and Mr. Tse Joseph.
This announcement, for which the Directors collectively and individually accept full responsibility, includes particulars given in compliance with the GEM Listing Rules for the purpose of giving information with regard to the Company.
The directors of the Company jointly and severally accept full responsibility for the accuracy of the information contained in this announcement and confirm, having made all reasonable enquiries, that to the best of their knowledge, opinions expressed in this announcement have been arrived at after due and careful consideration and there are no other facts not contained in this announcement the omission of which would make any statement in this announcement misleading.
This announcement will remain on the ‘‘Latest Company Announcements’’ page of the GEM website at www.hkgem.com for a minimum period of 7 days from the date of its publication and on the Company’s website at www.eds-wellness.com.
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