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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China Orientai Culture Group Limited

( Incorporated in the Cayman lslands with limited liability)

(Stock Code: 2371)

FURTHER DELAY IN DESPATCH OF CIRCULAR REGARDING A

MAJOR ACQUISITION IN RELATION

TO THE ACQUISITION OF THE ENTIRE ISSUED SHARE CAPITAL OF

HOUSDEN HOLDINGS LIMITED

INVOLVING THE ISSUE OF PREFERRED SHARES

Reference is made to (i) the Company's announcement dated 9 September 2012 regarding, among other matters, a major transaction of the Company in relation to the acquisition of the entire issued share capitai of Housden Holdings Limited involving issue of preferred shares; and (ii) the Company's announcement dated 7 December 2012 regarding the delay in despatch of the Circular (collectively the "Announcements"). Unless otherwise specified, terms defined in the Announcements shall have the same meanings when used in this announcement.
As disclosed in the Announcements, the Circular containing, among others, (i) further details of the Acquisition (including the allotment and issuance of the Preferred Shares and Conversion Shares); (ii) the proposed amendments to the Memorandum and Articles; (iii) the accountants' report of the Target Group on a consolidated basis; (iv) the unaudited pro forma financial information of the Group as a result of the Acquisition; (v) a notice convening the EGM; and (vi) other information required to be disclosed under the Listing Rules will be despatched to the Shareholders on or before 31 December

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2012. As additional time is required for the Company to finalise the Circular, the Board expects the date of despatch of the Circular to the Shareholders will be delayed to a date falling on or before 15

January 2013.

By order of the Board

China Oriental Culture Group Limited

Li Qing

Executive Director

Hong Kong, 31 December 2012

As at the date of this announcement, the Board comprises Mr. Chen Fu Ju, Mr. Li Qing and Mr. Yan Dake as executive Directors; Ms. Ng Siu Lai as non-executive Director; and Mr. Leung Siu Kee and Mr. Han Bing as independent non-executive Directors.

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