Vision Values Holdings Ltd. — Capital/Financing Update 2018

Apr 10, 2018

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.

VISION VALUES HOLDINGS LIMITED 遠見控股有限公司

(Incorporated in the Cayman Islands with limited liability) ( S tock Code: 862 )

DISCLOSEABLE TRANSACTION DISPOSAL OF CORPORATE BOND

The Company disposed of a Corporate Bond on 9 April 2018 with a total nominal value of USD4,000,000 at an aggregate consideration of USD4,050,000.

As the applicable percentage ratios calculated under Rule 14.07 of the Listing Rules with respect to the Bond Disposal is more than 5% but below 25%, the Bond Disposal constitutes a discloseable transaction of the Company under Chapter 14 of the Listing Rules, and is subject to the reporting and announcement requirements but exempt from the circular and Shareholder’s approval under the Listing Rules.

Reference is made to the announcement issued by Vision Values Holdings Limited on 4 May 2016 (the “ Announcement ”) regarding the acquisition of the Corporate Bond by the Company.

The Board is pleased to announce that the Company disposed of a Corporate Bond on 9 April 2018 with a total nominal value of USD4,000,000 at an aggregate consideration of USD4,050,000, particulars are as follows:- .

BOND DISPOSAL

Date	: 9 April 2018
Issuer of the Corporate Bond : NWD (MTN) Limited, a company incorporated in
	British Virgin Islands with limited		liability. To the best
	of the Directors’	knowledge, information and belief
	having made all	reasonable enquiry,		the Issuer is
	Independent Third Party.
Nominal Value	: Thenominalvalueofthe		Bond	disposalis
of the Bond	USD4,000,000	(equivalent	to	approximately
	HK$31,200,000).
Maturity	: 30 November 2022
Coupon rate	: 4.375% per annum	payable at semi-annually

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The Corporate Bond was disposed of through a broker in the market.

REASONS FOR THE BOND DISPOSAL

The Group is principally engaged in the provision of network solutions and project services, property investment, yacht building and minerals exploration.

The Bond Disposal was made after consideration of the prevailing market sentiments and conditions including the anticipating rise of the US interest rate. As the Bond Disposal was made through the open market at market price, the Board considers that the Bond Disposal is fair and reasonable and in the best interests of the Company and the Shareholders as a whole. The approximate net proceeds generated from the Bond Disposal will be around HK$31,526,000 which will be used as general working capital of the Group and / or potential investments of the Group in future (if any).

It is expected that the Group will record a loss of approximately HK$647,000 arising from the Bond Disposal, subject to audit in the coming financial year ending 30 June 2018. The loss represents the difference between the net proceeds of HK$31,526,000 and the carrying value of the Corporate Bond of approximately HK$32,173,000 as at 31 December 2017. For information, the Company has received an aggregate interest of approximately HK$2,633,000 since the acquisition of the disposed Corporate Bond.

GENERAL

As the applicable percentage ratios calculated under Rule 14.07 of the Listing Rules with respect to the Bond Disposal is more than 5% but below 25%, the Bond Disposal constitutes a discloseable transaction of the Company under Chapter 14 of the Listing Rules, and is subject to the reporting and announcement requirements but exempt from the circular and Shareholder’s approval under the Listing Rules.

DEFINITIONS

In this announcement, the following expressions have the meanings set out below unless the context otherwise requires:

“Board”	the board of Directors
“Bond Disposal”	the disposal of the Corporate Bond with a total nominal value
	of USD4,000,000 by the Company
“Company”	Vision Values Holdings Limited (Stock code: 862), a company
	incorporated in Cayman Islands with limited liability, the
	shares of which are listed on The Stock Exchange of Hong
	Kong Limited
“Corporate Bond”	interest bearing instruments of indebtedness issued by the issuer
“Director(s)”	the director(s) of the Company

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“Group”	the Company and its subsidiaries
“HK$”	Hong Kong dollar, the lawful currency of Hong Kong
“Hong Kong”	the Hong Kong Special Administrative Region of the People’s
	Republic of China
“Independent Third	person(s) who or company(ies) together with its/their ultimate
Party”	beneficial owner(s) which, to the best of the Directors’
	knowledge, information and belief having made all reasonable
	enquiry, is/are third party(ies) independent of the Company and
	its connected person(s)
“Listing Rules”	the Rules Governing the Listing of Securities on The Stock
	Exchange of Hong Kong Limited
“Shareholder(s)”	person(s) whose name(s) appear in the register of members of
	the Company as the holder(s) of the share(s) of the Company
“US”	United States of America
“USD”	United States Dollar, the lawful currency of United States of
	America
“%”	per cent

In this announcement, USD has been converted to HK$ at the rate of HK$1 = USD7.80 for illustration purpose only. No representation is made that any amounts in USD or HK$ have been, could have been or could be converted at the above rate or at any other rates or at all.

By Order of the Board Vision Values Holdings Limited Tang Chi Kei Company Secretary

Hong Kong, 10 April 2018

As at the date of this notice, the Board comprises seven Directors including Mr. Lo Lin Shing, Simon, Mr. Ho Hau Chong, Norman, Ms. Yvette Ong and Mr. Lo, Rex Cze Kei as executive Directors, Mr. Tsui Hing Chuen, William JP, Mr. Lau Wai Piu and Mr. Lee Kee Wai, Frank as independent non-executive Directors.

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