WLS Holdings Limited — Director's Dealing 2012

Nov 9, 2012

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.

WLS Holdings Limited 滙隆控股有限公司[*]

(incorporated in the Cayman Islands with limited liability)

(Stock Code: 8021)

ANNOUNCEMENT

GRANT OF SHARE OPTIONS

This announcement is made pursuant to rule 23.06A of the Rules Governing the Listing of Securities on the Growth Enterprise Market (“ GEM ”) of The Stock Exchange of Hong Kong Limited (“ GEM Listing Rules ”).

The board (“ Board ”) of directors (“ Directors ”) of WLS Holdings Limited (“ Company ”) hereby announces that the Company offered to grant 44,600,000 share options under its share option scheme (the “ Scheme ”) adopted by the Company on 30 August 2011 to certain Eligible Participants (as defined in the rules of the Scheme (the “ Grantees ”)). Such grant is subject to acceptance by the Grantees and payment of HK$1.00 by the Grantees upon acceptance of the share options to the Company. The share options shall entitle the Grantees to subscribe for a total of 44,600,000 ordinary shares of HK$0.01 each (the “ Shares ”) in the capital of the Company.

The following are the details of the share options granted:

• Date of grant : 9 November 2012 (“ Date of Grant ”) Exercise price of share options granted : HK$0.061 to subscribe for one ordinary share of HK$0.01 each of the Company (“ Share ”)

• Number of share options granted : 44,600,000 share options (each share option shall entitle the holder of the share options to subscribe for one Share)

• Closing price of the Shares on the Date of Grant : HK$0.061 per Share

• for identification purpose only

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Average closing price of the Shares for the five : HK$0.061 per Share business days immediately preceding the Date of Grant

Validity period of the share options : From 23 November 2012 to 22 November 2014 (both days inclusive) Consideration for the grant of share options : HK$1.00 to be paid by each grantee upon acceptance of the share options granted

Among the share options granted above, 41,800,000 share options were granted to Directors (the “ Directors’ Grant ”) or their associates (as defined in the GEM Listing Rules), 2,000,000 share options were granted to a consultant of the Group (the “ Consultant’s Grant ”) and 800,000 share options were granted to senior management of the Group (the “ Senior Management’s Grant ”). The Consultant’s Grant and the Senior Management’s Grant are made on the same terms as the Directors’ Grant. Details of the Directors’ Grant are as follows:

Name of Directors	Position	No. of share options granted
Dr. So Yu Shing	Chairman and Executive Director	8,300,000
Ms. Lai Yuen Mei, Rebecca	Executive Director	8,300,000
Mr. Kong Kam Wang	Executive Director and Chief	3,900,000
	Executive Officer
Mr. Woo Siu Lun	Executive Director and Company	3,900,000
	Secretary
Mr. So Wang Bon, Edward	Executive Director	3,900,000
Mr. Yu Yeung Hoi, Stephen	Executive Director	2,000,000
Mr. Yeung Po Chin	Independent Non-executive Director	2,000,000
Mr. Lam Kwok Wing	Independent Non-executive Director	2,000,000
Dr. Fung Ka Shuen	Independent Non-executive Director	2,000,000

Details of the share options granted to Directors’ associates are as follows:

Name of Directors	Position	No. of share options granted
Mr. So Wang Chun, Edmond	Assistant to Chairman	2,000,000
Mr. So Yu Fai, David	Project Director	3,500,000

Both Dr. So Yu Shing and Ms. Lai Yuen Mei, Rebecca are substantial shareholders of the Company.

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Both Mr. So Wang Bon, Edward and Mr. So Wang Chun, Edmond are the sons of Dr. So Yu Shing and Ms. Lai Yuen Mei, Rebecca.

Mr. So Yu Fai, David is the brother of Dr. So Yu Shing and is a director of three subsidiary companies of the Company.

The grant of share options to each of the above Directors and the Directors’ associates has been approved by the Independent Non-Executive Directors of the Company.

As at the date of this announcement, the Board comprises Dr. So Yu Shing (Chairman and Executive Director), Mr. Kong Kam Wang (Executive Director and Chief Executive Officer), Ms. Lai Yuen Mei, Rebecca (Executive Director), Mr. Woo Siu Lun (Executive Director), Mr. So Wang Bon, Edward (Executive Director), Mr. Yu Yeung Hoi, Stephen (Executive Director), Mr. Lam Kwok Wing (Independent Non-executive Director), Mr. Yeung Po Chin (Independent Non-executive Director) and Dr. Fung Ka Shuen (Independent Non-executive Director).

By order of the Board WLS Holdings Limited So Yu Shing Chairman

Hong Kong, 9 November 2012

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 on the “Latest Company Announcement” page and on the website of the Company at www.wls.com.hk for at least seven days from the day of its posting.

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