China Packaging Group Company Limited : Auditor loss estimate letter

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Our reference: C005ZLSPC20121201/ULIBL
29 January 2013
The Directors,
China Packaging Group Company Limited
Suites 06-07, 28th Floor, Shui On Centre,
6-8 Harbour Road,
Wanchai, Hong Kong
Dear Sirs,
We have examined the accounting policies adopted and calculations of the expected loss of China Packaging Group Company Limited (the "Company'') and its subsidiaries (collectively known as the "Group") for the year ended 31 December 2012 (the "Estimation") in arriving at the profit warning statement (the "Statement") made by the Company in its announcement dated 24 December 2012.

Responsibilities

The directors of the Company (the "Directors") are solely responsible for the preparation of the Estimation.
lt is our responsibility to form an opinion, based on our work on the Estimation and to report our opinion solely to you, as a body, solely for the purpose of reporting under Rule 10.1 and 10.2, note 1 (c) of the Code on Takeovers and Mergers on the Securities and Futures Commission and forno other purpose.

Summary of our work

We conducted our work with reference to the procedures specified in Auditing Guideline 3.341 "Accountants' Report on Profit Forecasts". We examined the consistency of accounting policies adopted and the arithmetical accuracy of the Estimation. Our work has been undertaken solely to assist the Directors in evaluating whether the Estimation, so far as the accounting policies and calculations are concerned, has been properly compiled in accordance with the basis adopted by the Directors.

Opinion

In our opinion, so far as the accounting policies and calculations are concerned, the Estimation has been properly compiled in accordance with the basis adopted by the Directors as set out in Appendix IV-1 in the composite document of the Company dated 29 January 2013 (the "Composite Document") and is presented on a basis consistent in ali materia! aspects with the accounting policies adopted by the Group in its audited consolidated financial statements for the year ended 31 December 2011, the text of which is set out in Appendix Il to the Composite Document.
Yours faithfully,

1:-r/J--t cJ cf1C'f), lÌD.

ZHONGLEI (HK) CPA Company Limited Certified Pub/ic Accountants (Practising) Lam Chik Tong

Practising Certificate Number: P05612

Suites 313-317, 3/F., Shui On Centre, 6-8 Harbour Road, Wanchai, Hong Kong

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Tel <5: (852) 3188 6200 Fa x iW: (852) 2824 4091 Email B : [e-mail]