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.

FURTHER DELAY IN DESPATCH OF CIRCULAR MAJOR TRANSACTION IN RELATION TO THE DISPOSAL OF CHONG HING INSURANCE'S SHAREHOLDING IN HONG KONG LIFE INSURANCE LIMITED

Reference is made to (i) the announcement of Chong Hing Bank Limited (the "Bank") dated 20 March 2017 regarding the disposal of Chong Hing Insurance's shareholding in Hong Kong Life Insurance Limited (the "Announcement"); and (ii) the announcement of the Bank dated 22 March 2017 regarding the delay in despatch of circular (the "Delay Announcement"). Unless the context otherwise requires, capitalised terms used herein shall have the same meanings as those defined in the Announcement.

As disclosed in the Delay Announcement, a circular containing further details of the Share Sale Agreement, the Disposal, and other information as required under the Listing Rules was expected to be despatched to the Shareholders on or before 19 May 2017. As additional time is required to finalise the information to be included in the circular, it is expected that the despatch date of the circular will be postponed to a date falling on or before 31 May 2017.

By order of the Board Chong Hing Bank Limited Lai Wing Nga

Company Secretary

Hong Kong, 18 May 2017

As at the date of this announcement, the Board of the Bank comprises:

  • Executive Directors

    Mrs Leung Ko May Yee Margaret (Deputy Chairman and Managing Director), Mr Zong Jianxin (Deputy Managing Director and Chief Executive) and Mr Lau Wai Man (Deputy Managing Director);

  • Non-executive Directors

    Mr Zhang Zhaoxing (Chairman), Mr Zhu Chunxiu, Mr Wang Shuhui, Mr Li Feng and Mr Chow Cheuk Yu Alfred; and

  • Independent Non-executive Directors

Mr Cheng Yuk Wo, Mr Ma Chiu Cheung Andrew, Mr Lee Ka Lun and Mr Yu Lup Fat Joseph.

Chong Hing Bank Limited published this content on 18 May 2017 and is solely responsible for the information contained herein.
Distributed by Public, unedited and unaltered, on 18 May 2017 11:08:24 UTC.

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