By 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.
China Gogreen Assets Investment Limited(Incorporated in Bermuda with limited liability)
(Stock Code: 397) UNUSUAL SHARE PRICE AND TRADING VOLUME MOVEMENTS
This announcement is made at the request of The Stock Exchange of Hong Kong Limited ("Stock Exchange") pursuant to Rule 13.10 of the Rules Governing the Listing of Securities on the Stock Exchange ("Listing Rules").
This announcement is also made pursuant to Inside Information Provisions (as defined under the Listing Rules) under Part XIVA of the Securities and Futures Ordinance (Chapter 571 of the Laws of Hong Kong) and Rule 13.09 of the Listing Rules.
The board of directors ("Board") of China Gogreen Assets Investment Limited ("Company", together with its subsidiaries, "Group") has noted the increase in the share price and trading volume of the shares of the Company today. Having made such enquiry with respect to the Company as is reasonable in the circumstances, the Board confirms that it is not aware of any reasons for such or of any information which must be announced to avoid a false market in the Company's securities or of any inside information that needs to be disclosed under Part XIVA of the Securities and Futures Ordinance save for the various proposals referred to below.
The Board wishes to announce that currently the Group is preliminarily considering, or has started preliminary discussions with various parties for, the following proposals:
(i) Proposal 1 - as part of the Company's continuing strategy to strengthen its business in the downstream solar energy business, the Company is in preliminary negotiation with a connected person and certain independent third parties for a possible acquisition of the minority interests of a non wholly-owned subsidiary of the Company;
(ii) Proposal 2 - the Company is preliminarily exploring certain opportunities to acquire certain securities in a company whose shares are listed on the Stock Exchange;
(iii) Proposal 3 - the Company has recently identified a candidate as an additional executive director and is in the course of negotiation of the terms of appointment with such individual;
(iv) Proposal 4 - the Company is preliminarily considering a proposal to change its name with a view of reflecting the current business of the Group;
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(v) Proposal 5 - the Company is preliminarily considering to implement an incentive scheme which may involve the issue of securities of the Company to management staff of the Group (including connected persons of the Company); and
(vi) Proposal 6 - the Company is in preliminary negotiation with an independent third party for the possibility of co-operating in the investment in solar energy project(s).
As at the date of this announcement, no definitive agreement has been entered into by the Company with any party regarding any of the above proposals. In case the transactions contemplated under Proposal 1 and/or Proposal 2 materializes, such transaction(s) may constitute connected transaction(s) for the Company under Chapter 14A of the Listing Rules and notifiable transaction(s) for the Company under Chapter 14 of the Listing Rules and the Company will comply with the applicable requirements as and when necessary.
As regards other proposals, the Company will make further announcements in accordance with the requirements under the Listing Rules as and when necessary.
This announcement is made by the order of the Company. The directors of the Company collectively and individually accepts responsibility for the accuracy of this announcement.
On behalf of the Board
Chairman
9 January 2013
As at the date of this announcement, the executive directors of the Company are Mr. Bai Liang, Mr. Siu Kam Chau, Mr. Lawrence Tang and Mr. Xue Feng, and the independent non-executive directors of the Company are Mr. Chan Chi Yuen, Mr. Chik Chi Man and Mr. Yu Chun Fai.
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