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.

This announcement is for information purposes only and does not constitute an invitation or offer to acquire, purchase or subscribe for any securities of the Company.

Dragonite International Limited

(Incorporated in the Cayman Islands with limited liability)

(Stock Code: 329) PROPOSED RIGHTS ISSUE AT A SUBSCRIPTION PRICE OF HK$1.00 ON THE BASIS OF ONE RIGHTS SHARE FOR EVERY SHARE HELD ON THE RECORD DATE COMMENCEMENT OF DEALINGS IN THE SHARES ON AN EX-ENTITLEMENT BASIS

Reference is made to the announcements of Dragonite International Limited (the "Company") dated 20 November 2012 and 11 December 2012 and the circular of the Company dated 14 December 2012 (the "Circular") in relation to the Rights Issue. Unless otherwise stated, terms defined in the Circular shall have the same meanings when used in this announcement.
Pursuant to the expected timetable for the Rights Issue set out in the Circular, the last day of dealings in the Shares on a cum-entitlement basis was Friday, 4 January 2013. The closing price per Share as quoted on the Stock Exchange on Friday, 4 January
2013 was HK$1.94.
Dealings in the Shares on an ex-entitlement basis shall commence on Monday, 7
January 2013.
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Shareholders and potential investors are advised to exercise caution when dealing in the Shares and, if they are in any doubt about their position, they should consult their professional advisers. Any Shareholders or other persons dealing in the Shares up to the date on which all the conditions to which the Rights Issue is subject are fulfilled (and the date on which the Underwriter 's right of termination of the Underwriting Agreement ceases) and any persons dealing in the nil-paid Rights Shares during such period, will accordingly bear the risk that the Rights Issue may not become unconditional or may not proceed.

Hong Kong, 4 January 2013
By order of the Board

Dragonite International Limited Chan Mee Sze

Executive Director

As at the date of this announcement, the Board comprises the following Directors:-

Executive Directors:

Mr. Wong Yin Sen (Chairman)
Mr. Gary Drew Douglas

(Managing Director)

Mr. Hon Lik
Ms. Chan Mee Sze
Mr. Lam Suk Ping

Independent Non-executive Directors:

Mr. Chung Yuk Lun
Mr. Liu Kwong Sang
Mr. Lam Man Sum, Albert
Mr. Ho Tak Fun
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