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.

GREENS HOLDINGS LTD

格菱控股有限公司*

(incorporated in the Cayman Islands with limited liability)

(Stock code: 01318)

UNUSUAL PRICE AND TRADING VOLUME MOVEMENT AND INSIDE INFORMATION
This announcement is made by GREENS HOLDINGS LTD (the "Company") at the request of The Stock Exchange of Hong Kong Limited (the "Stock Exchange") and pursuant to Rule 13.10 of the Rules Governing the Listing of Securities on the Stock Exchange (the"Listing Rules") and the Inside Information Provisions under Part XIVA of the Securities and Futures Ordinance, Chapter 571 of the laws of Hong Kong (the"SFO").
The board of directors (the "Board") of the Company has noted the increases in the price and trading volume of the shares of the Company (the "Shares") today. Having made such enquiry with respect to the Company as is reasonable in the circumstances, the Board confirms that save as disclosed below, it is not aware of any reasons for such increases or of any information which must be announced to avoid a false market in the Shares or of any inside information that needs to be disclosed under Part XIVA of the SFO.
Save as the aforementioned, the Company was being approached by certain independent third parties regarding certain possible financing activities of the Company (the "Possible Transaction"). The discussion regarding the Possible Transaction is still at a preliminary stage whereas no concrete terms or agreements have been reached between the Company and any of these parties and it may or may not lead to a definitive agreement.
Shareholders of the Company and potential investors should note that the Possible Transaction may or may not proceed and are advised to exercise caution when dealing in the Shares.

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This announcement is made by the order of the Company. The Board collectively and individually accepts responsibility for the accuracy of this announcement.
Shanghai, 10 April 2014

By order of the Board

GREENS HOLDINGS LTD

格菱控股有限公司*

Mr. Frank Ellis

Chairman

As at the date of this announcement, the Board comprises three executive directors namely Mr. Frank Ellis, Mr. Xie Zhiqing and Ms. Chen Tianyi; Mr. Zhu Keming as non-executive director and three independent non-executive directors namely Mr. Jack Michael Biddison, Mr. Yim Kai Pung and Mr. Ling Xiang.
* for identification purposes only

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