Wang On Group Limited — Capital/Financing Update 2014

Jun 19, 2014

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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WANG ON GROUP LIMITED ( 宏安 集 團 有 限 公 司 )[*] (Incorporated in Bermuda with limited liability)

(Stock Code: 1222)

APPOINTMENT OF INDEPENDENT FINANCIAL ADVISER

The Board wishes to announce that Nuada Limited has been appointed as the independent financial adviser to advise the Independent Board Committee in relation to the Offers.

Reference is made to the joint announcement made by Wang On Group Limited (the ‘‘Company’’) and Caister Limited (the ‘‘Offeror’’) dated 16 June 2014 (the ‘‘Joint Announcement’’) in relation to the possible voluntary conditional cash offers by Kingston Securities Limited on behalf of the Offeror for all the outstanding shares of the Company (other than those Shares already owned by the Offeror and its Concert Parties) and for the cancellation of all the outstanding share options of the Company (the ‘‘Offers’’). Capitalised terms used herein shall have the same meanings as those defined in the Joint Announcement unless the context requires otherwise.

The Board wishes to announce that the Company has appointed Nuada Limited as the independent financial adviser (the ‘‘Independent Financial Adviser’’) to advise the Independent Board Committee in respect of the Offers. The appointment of the Independent Financial Adviser has been approved by the Independent Board Committee. The letter of advice from the Independent Financial Adviser in respect of the Offers will be included in the Composite Document to be despatched to the Independent Shareholders and the Optionholders in due course.

On behalf of the Board

WANG ON GROUP LIMITED (宏安集團有限公司)[*] Chan Chun Hong, Thomas Executive Director

Hong Kong, 19 June 2014

• For identification purpose only

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As at the date of this announcement, the Board comprises Mr. Tang Ching Ho, Ms. Yau Yuk Yin and Mr. Chan Chun Hong, Thomas, being the executive Directors; and Dr. Lee Peng Fei, Allen, Mr. Wong Chun, Justein, Mr. Siu Yim Kwan, Sidney and Mr. Siu Kam Chau, being the independent non-executive Directors.

The Directors 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.

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