Television Broadcasts Limited — Capital/Financing Update 2016

Mar 22, 2016

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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China Fortune Financial Group Limited

(Incorporated in the Cayman Islands with limited liability) (Stock Code: 290) Website: http://www.290.com.hk

VOLUNTARY ANNOUNCEMENT

ISSUE OF CORPORATE BONDS

This is a voluntary announcement made by China Fortune Financial Group Limited (the ‘‘Company’’).

The board (the ‘‘Board’’) of directors (the ‘‘Directors’’) of the Company announces that during the period from 1 October 2015 to the date of this announcement, the Company entered into separate subscription agreements with 3 independent private investors (the ‘‘Subscribers’’) pursuant to which the Subscribers agreed to subscribe and the Company agreed to issue corporate bonds (the ‘‘Corporate Bonds’’) in the aggregate principal amount of HK$14,810,000 at par value, bearing coupon rates from 6.5% to 7.0% per annum and with maturity from 1 to 5 years (the ‘‘Subscriptions’’). The Subscriptions were all completed.

Details of the Subscriptions are as follows:

		Date of issue	Date of issue
Subscriber	Principal amount of Corporate Bonds issued	Date of issue
Mr. ZHANG	HK$9,810,000	10 December 2015
Mr. CHUNG	HK$1,000,000	6 January 2016
	HK$1,000,000	15 January 2016
Mr. WANG	HK$3,000,000	19 January 2016

To the best of the Directors’ knowledge, information and belief having made all reasonable enquiries, each of the Subscribers is a third party independent of the Company and its connected persons (as defined under the Rules Governing the Listing of Securities on the Stock Exchange of Hong Kong Limited).

The Board is of the view that the terms of each of the subscription agreements and the transactions contemplated thereunder are on normal commercial terms, fair and reasonable, and are in the interest of the Company and its shareholders as a whole. The net proceeds from the Subscriptions will be utilised as general working capital of the Company and its subsidiaries (the ‘‘Group’’).

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It is the plan of the Group to further issue corporate bonds under substantially the same terms as the Corporate Bonds to potential investors (if any) in the aggregate principal amount of up to HK$50,000,000 at par value within twelve months from the date of this announcement.

By Order of the Board China Fortune Financial Group Limited NG Cheuk Fan Keith Managing Director

Hong Kong, 22 March 2016

As at the date of this announcement, the Board consists of four executive Directors, namely Mr. WONG Kam Choi (Chairman), Mr. NG Cheuk Fan Keith (Managing Director), Mr. HON Chun Yu and Mr. XIA Yingyan; two non-executive Directors, namely Mr. TANG Baoqi and Mr. WU Ling; and three independent non-executive Directors, namely Mr. CHAN Kin Sang, Mr. NG Kay Kwok and Mr. TAM B Ray Billy.

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