Web3 Meta Limited — M&A Activity 2017

Jan 11, 2017

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.

ODELLA LEATHER HOLDINGS LIMITED

愛特麗皮革控股有限公司

(incorporated in the Cayman Islands with limited liability)

(Stock Code: 8093)

ANNOUNCEMENT:

UPDATE ON THE POSSIBLE ACQUISITION PURSUANT TO RULE 3.7 OF THE TAKEOVERS CODE

This announcement is made by Odella Leather Holdings Limited (the “ Company ”) pursuant to Rule 3.7 of The Hong Kong Code on Takeovers and Mergers (the “ Takeovers Code ”).

Reference is made to the announcement of the Company dated 12 December 2016 in relation to, among other things, the Possible Acquisition (the “ Announcement ”). Unless otherwise stated, capitalised terms used herein shall have the same meanings as those defined in the Announcement.

UPDATE ON THE POSSIBLE ACQUISITION

The Board has been informed by the Potential Vendors that, as at the date of this announcement, (i) the negotiation between the Potential Vendors and the Potential Purchaser in respect of the Possible Acquisition is still on-going; and (ii) save for the MOU (which contains certain legally binding provisions as disclosed in the Announcement), no formal or legally binding agreement has been entered into between the Potential Vendors and the Potential Purchaser or any other parties in respect of the Possible Acquisition.

Further announcement(s) setting out the progress of the Possible Acquisition will be made as and when necessary in accordance with the GEM Listing Rules and the Takeovers Code and on a monthly basis until an announcement of (i) a firm intention to make an offer under Rule 3.5 of the Takeovers Code; or (ii) a decision not to proceed with the Possible Acquisition is made.

There is no assurance that the Possible Acquisition will materialise or eventually be consummated and the relevant discussions may or may not lead to a general offer under Rule 26.1 of the Takeovers Code. Shareholders and potential investors of the Company are advised to exercise caution when dealing in the securities of the Company.

By order of the Board Odella Leather Holdings Limited Cheung Woon Yiu Chairman

Hong Kong, 11 January 2017

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As at the date of this announcement, the Company’s Board comprises: Ms. Cheung Woon Yiu, Ms. Lam Wai Si Grace and Mr. Ching Wai Man as executive Directors, Ms. Ng Lai Hung as non-executive Director; and Dr. Wong Wai Kong, Mr. How Sze Ming and Mr. Philip David Thacker as 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 enquires, 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 statements in this announcement misleading.

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, having made all reasonable enquiries, confirm that to the best of their knowledge and belief the information contained in this announcement is accurate and complete in all material respects and not misleading or deceptive, and there are no other matters the omission of which would make any statement herein or this announcement misleading.

This announcement will remain on the GEM website at www.hkgem.com on the “Latest Company Announcements” page for at least seven days from the day of its posting and on the Company’s website at www.odella.com.

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