ZO Future Group — Legal Proceedings Report 2015

Nov 6, 2015

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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BIRMINGHAM INTERNATIONAL HOLDINGS LIMITED 伯明翰環球控股有限公司

(Receivers Appointed)

(Incorporated in the Cayman Islands with limited liability)

(Stock Code: 2309)

ANNOUNCEMENT IN RESPECT OF LEGAL PROCEEDINGS INVOLVING THE COMPANY

This announcement is made by the Receivers of Birmingham International Holdings Limited (the “ Company ”), together with its subsidiaries (the “ Group ”), pursuant to Rule 13.09 of the Rules Governing the Listing of Securities on The Stock Exchange of Hong Kong Limited (the “ Listing Rules ”) and the Inside Information Provisions under Part XIVA of the Securities and Futures Ordinance (Chapter 571 of the Laws of Hong Kong).

HONG KONG HIGH COURT ACTION NO. 1590 OF 2015 (“HCA 1590/2015”)

Reference is made to the announcement of final results of the Company for the year ended 30 June 2015 dated 30 September 2015 (the “ Announcement ”) in which it was announced that the Company had filed an application with the High Court of Hong Kong (the “ Court ”) to add Mr. Peter Pannu (“ Mr. Pannu ”) as the 4th Defendant in HCA 1590/2015.

At a hearing held on 20 October 2015, Asia Rays Limited (“ Asia Rays ”) and Amazing Top International Enterprise Limited (“ Amazing Top ”) opposed Mr. Pannu being joined as the 4th Defendant and the Court directed that the Company’s application be adjourned for argument before a Master of the Court with 2 hours reserved. In the meantime, Asia Rays and Amazing Top were granted leave to file and serve their evidence in opposition to the Company’s application by 10 November 2015.

Further announcement(s) on any material developments in respect of this legal proceeding will be made as and when appropriate in accordance with the Listing Rules.

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DISCHARGE APPLICATION

Reference is made to the Announcement in which it was announced that Mr. Yeung had applied to the Court for leave to appeal the decision of the Court dated 28 August 2015 (the “ 28 August Decision ”) and that the leave application would be heard for directions on 12 October 2015.

The parties subsequently agreed by consent that Mr. Yeung’s application for leave to appeal the 28 August Decision be disposed of by the Court on the papers. Mr. Yeung was directed to file his skeleton submissions by 12 January 2016 and the Receivers and minority shareholders were directed to file their respective skeleton submissions by 19 January 2016.

Further announcement(s) on any material developments in respect of this legal proceeding will be made as and when appropriate in accordance with the Listing Rules.

CONTINUOUS SUSPENSION OF TRADING

At the request of the Company, trading in the shares of the Company (the “ Shares ”) on the Stock Exchange was halted with effect from 10:21 a.m. on 4 December 2014. Trading in the Shares will remain suspended until further notice. The Company will make further announcements on the latest development of the Group as and when appropriate pursuant to the requirements of the Listing Rules.

For and on behalf of

BIRMINGHAM INTERNATIONAL HOLDINGS LIMITED

(Receivers Appointed)

Liu Yiu Keung Stephen, Yen Ching Wai David and Koo Chi Sum Joint and Several Receivers

Hong Kong, 6 November 2015

As at the date of this announcement, the board of directors of the Company comprises 7 directors, namely Mr. Liu Yiu Keung Stephen, Mr. Yen Ching Wai David, and Ms. Koo Chi Sum as executive directors; and Mr. Cheung Yuk Ming, Mr. Law Pui Cheung, Mr. Lai Hin Wing Henry Stephen and Mr. Wong Ka Chun Carson (suspended) as independent non-executive directors.

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