CHINA HUISHAN DAIRY HOLDINGS COMPANY LIMITED 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 HUISHAN DAIRY HOLDINGS COMPANY LIMITED
中 國 輝 山 乳 業 控 股 有 限 公 司
(Incorporated in the Cayman Islands with limited liability)
(Stock Code: 06863)
VOLUNTARY ANNOUNCEMENT
INCREASE IN SHAREHOLDING BY A CONTROLLING SHAREHOLDER
This announcement is a voluntary announcement made by China Huishan Dairy Holdings Company Limited (the ''Company'') to update its shareholders and potential investors in relation to the increase in shareholding by the Company's ultimate controlling shareholder, chairman and an executive director, Mr. Yang Kai (''Mr. Yang'').
The Company has been informed by Mr. Yang that on 9 September 2015, he had purchased 20,000,000 ordinary shares of the Company (''Shares'') from the market through Champ Harvest Limited, a company owned as to 90% by Mr. Yang and 10% by Ms. Ge Kun (''Ms. Ge''). Ms. Ge is an executive director of the Company and a party acting in concert with Mr. Yang. Immediately after completion of the abovementioned purchase, Mr. Yang and Ms. Ge were interested in an aggregate of 9,623,656,316
Shares, representing approximately 70.81% of the entire issued share capital of the Company as at the date of this announcement.
Mr. Yang further informed the Company that on 9 September 2015, he had entered into a sale and purchase agreement (''Agreement'') with Bao Hua Investments Limited (''Bao Hua'') whereby Mr. Yang agreed to purchase and Bao Hua agreed to sell 114,523,000 Shares for an aggregate amount of approximately HK$369.91 million. The total number of Shares to be purchased by Mr. Yang represents about 0.84% of the entire issued share capital of the Company as at the date of this announcement and the price represents approximately HK$3.23 per Share. Completion is expected to take place within 90 days of the date of the Agreement.
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Bao Hua is a company wholly owned by COFCO (Beijing) Agricultural Industrial Equity Investment Fund (A Limited Partnership) which is jointly established in the PRC by COFCO Corporation, China Jianyin Investment Limited, Louis Dreyfus Commodities Asia Pte Ltd, Sumitomo Mitsui Banking Corporation, Horley Investments Limited and COFCO Agricultural Industrial Investment Fund Management Co., Ltd.
By order of the Board
China Huishan Dairy Holdings Company Limited
Michael Chou
Company Secretary
Hong Kong, 9 September 2015
As at the date of this announcement, the board of directors of the Company comprises Mr. Yang Kai, Ms. Ge Kun, Mr. So Wing Hoi, Mr. Xu Guangyi and Mr. Kwok Hok Yin as executive Directors; Mr. Li Kar Cheung as non-executive Director; Mr. Song Kungang, Mr. Gu Ruixia, Mr. Tsui Kei Pang and Mr. Kan Yu Leung Peter as independent non-executive Directors.
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