PDF《中国东方集团控股有限公司*》

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CHINA ORIENTAL GROUP COMPANY LIMITED 中国东方集团控股有限公司*(incorporated in Bermuda with limited liability) (Stock code:581) DISCLOSEABLE TRANSACTION REGARDING PROPOSED INVESTMENT IN BANK OF CANGZHOU The Board announces that on

12 August 2016, Oriental Green, an indirect non-wholly owned subsidiary of the Company, entered into the Investment in Shares Agreement with Bank of Cangzhou, an Independent Third Parties of the Group relating to the Investment pursuant to which Oriental Green agreed to invest and subscribe for, and Bank of Cangzhou agreed to issue and allot 100,000,000 Ordinary Shares of Bank of Cangzhou for the Consideration of approximately RMB230 million. The payment of the Consideration will be financed by the Group'

s internal financial resources. Completion date is expected to be on or before

31 August 2016. As the relevant applicable percentage ratios (as defined under the Listing Rules) in respect of the Investment are more than 5% but less than 25%, the Investment in Shares Agreement constitute a discloseable transaction for the Company and is subject to the reporting and announcement requirements under Chapter

14 of the Listing Rules. The Board announces that on

12 August 2016, Oriental Green, an indirect non-wholly owned subsidiary of the Company, entered into the Investment in Shares Agreement with Bank of Cangzhou, an Independent Third Parties of the Group relating to the Investment pursuant to which Oriental Green agreed to invest and subscribe for, and Bank of Cangzhou agreed to issue and allot 100,000,000 Ordinary Shares of Bank of Cangzhou for the consideration of approximately RMB230 million (the Consideration ). The payment of the Consideration will be financed by the Group'

s internal financial resources. PRINCIPAL TERMS OF THE INVESTMENT IN SHARES AGREEMENT Date

12 August

2016 2 Parties Issuer : Bank of Cangzhou Subscriber : Oriental Green Subject Matter - Investment Pursuant to the Investment in Shares Agreement, Oriental Green agreed to invest and subscribe for and Bank of Cangzhou agreed to issue and allot 100,000,000 Ordinary Shares of Bank of Cangzhou. According to the Prospectus issued by Bank of Cangzhou, they intended to issue 1,000,000,000 Ordinary Shares for private subscription at a price of RMB 2.3 per Ordinary Share. The 100,000,000 Ordinary Shares represent approximately 3.0% of the enlarged issued share capital of Bank of Cangzhou after completion of the private subscription. Completion date is expected to be on or before

31 August 2016. Consideration and Payment for the Investment The Consideration for the Investment is approximately RMB230,000,000, which shall be payable in full by Oriental Green on or before

31 August

2016 in accordance with the manner as set out in the Prospectus. The payment of the Consideration will be financed by the Group'

s internal financial resources. Information of Oriental Green and the Group Oriental Green is a limited company established in the PRC and is an indirectly non-wholly owned subsidiary of the Company. Oriental Green is principally engaged in environmental protection engineering. The Company is an investment holding company. As at the date of this announcement, the Group is principally engaged in the manufacturing and sales of steel products, trading of steel products and iron ore and real estate business. Information of Bank of Cangzhou Bank of Cangzhou was founded in 1998, formally known as Cangzhou City Commercial Bank Company Limited and changed its name to Bank of Cangzhou Company Limited in July 2009. It is principally engaged in providing corporate and personal banking services in Hebei Province, PRC. As at the date of announcement, there are approximately