Tianli Holdings Group Limited — M&A Activity 2000

Sep 6, 2000

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.

Mandarin Resources Corporation Limited

(incorporated in Hong Kong with limited liability)

Delay in despatch of Offeree Document

The despatch date of the Offeree Document in respect of the Offer has been delayed and is now expected to be on or before 12th September, 2000.

The board of directors of Mandarin Resources Corporation Limited refers to the announcement dated 22nd August, 2000 (the “Announcement”) in relation to the despatch of the offer document in respect of the unconditional cash offer by Tai Fook Securities Company Limited made on behalf of Mr. Chim Pui Chung to acquire all the issued shares of the Company held by the Minority Shareholders whose names appeared on the register of members on 25th June, 1996 (other than those already owned by Mr. Chim Pui Chung or parties acting in concert with him). Terms used herein shall have the same meanings as ascribed in the Announcement unless the context otherwise requires.

As stated in the Announcement, the Offeree Document containing, among other things, a letter from the board of directors of the Company, the financial information of the Group and the recommendation and advice from the independent financial adviser to the Minority Shareholders, should have been despatched to the Minority Shareholders within 14 days from the date of despatch of the Offer Document, being 5th September, 2000. As additional time is required to finalize the information to be included in the Offeree Document, the Company will make an application to the Securities and Futures Commission for an extension of the despatch date of the Offeree Document which is expected to be on or before 12th September, 2000.

By Order of the Board of
Mandarin Resources Corporation Limited
Cheng Kwok Hing, AndyDirectorHong Kong, 5th September, 2000.

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 inquiries, 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.