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CHINA SAITE GROUP COMPANY LIMITED

中 國 賽 特 集 團 有 限 公 司

(incorporated in the Cayman Islands with limited liability)

(Stock code: 153)

VOLUNTARY ANNOUNCEMENT

STRATEGIC COOPERATION FRAMEWORK AGREEMENT

This announcement is made by China Saite Group Company Limited (the ''Company'', together with its subsidiaries, the ''Group'') on a voluntary basis to inform the public of the latest information about the Group.
The board (''Board'') of directors (''Directors'') of the Company is pleased to announce that on
3 July 2015, the Company entered into a strategic cooperation framework agreement
(''Strategic Cooperation Agreement'') with China Building-Material Industrial Corporation for
Foreign Econo-Technical Cooperation (中國建材工業對外經濟技術合作公司) (''CBMC''),
being part of the group of China National Materials Group Corporation (''Sinoma'').
STRATEGIC COOPERATION FRAMEWORK AGREEMENT
According to the Strategic Cooperation Agreement, the parties will base on their strength in their respective businesses to strategically cooperate in project exploration, market development, market management, technology exchange, project investment and the implementation of construction projects. The strategic cooperation leverages the respective strengths of the Group and CBMC and creates a complementary effect to promote strategic development of the parties.
Summary of the cooperation is set out as follows:
1. the scope of cooperation under the Strategic Cooperation Agreement includes, among others, domestic and international construction projects and investments projects. In such connection, the parties are officially negotiating on certain construction projects in the People's Democratic Republic of Algeria, including (i) a prefabricated construction project amounting to 32,000 sets of houses; and (ii) a steel structure project involving the construction of bridge, stadium, highway lighting systems and solar energy project, etc;
2. CBMC will be responsible for establishing overseas market and providing project information;
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3. CBMC will assist the Company in the process of overseas on-site inspection, tendering, negotiation and conclusion of contracts for projects at the respective locations;
4. CBMC will assist the Company in understanding the investment and regulatory environment of the countries where the relevant projects are located; and
5. the Company will be responsible for entering into and implementing business contract(s)
with third parties regarding projects.
INFORMATION OF THE GROUP AND CBMC
CBMC is part of the Sinoma group, and is principally engaged in the contracting of building materials and overseas construction projects. Sinoma is a central government-administered enterprise directly under the administration of the State-owned Assets Supervision and Administration Commission of the State Council of the People's Republic of China (the
''PRC''). Sinoma is one of the leading state-owned enterprises affiliated with the ''One-Belt One-Road'' policy in the PRC. Sinoma mainly engages in cement equipment and engineering services, production of glass fiber, cement, and high-tech materials. It is one of the world's largest cement equipment and engineering service providers and China's non-metal materials leading manufacturer. Sinoma is a conglomerate with certain of its subsidiaries listed in Hong Kong and the PRC. To the best of the knowledge and belief of the Board, having made all reasonable enquiries, CBMC and its ultimate beneficial owner are third parties independent of the Company and its connected parties.
The Group is an integrated steel structure and prefabricated construction solution service provider in the PRC.
As the Strategic Cooperation Agreement is only a framework agreement between the parties, the parties will enter into formal and specific cooperation agreements in writing separately to set out specific content of cooperation, terms and otherwise. As the Strategic Cooperation Agreement may or may not lead to the entering into of any formal and specific cooperation agreement(s), shareholders and potential investors of the Company are advised to exercise caution when trading in the shares of the Company. The Company will keep its shareholders and potential investors informed of any material development in connection with the above matter by way of further announcement(s) as and when appropriate.
By order of the Board
China Saite Group Company Limited
JIANG Jianqiang
Chairman
Hong Kong, 3 July 2015
As at the date of this announcement, the executive Directors are Mr. JIANG Jianqiang, Mr. SHAO Xiaoqiang and Mr. WU Yimin; and the independent non-executive Directors are Mr. XU Jiaming, Mr. CHEN Tiegang and Mr. MA Chun Fung Horace.
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