Shanghai Dasheng Agrcltr Fin Tech : Announcements and Notices - PROPOSED ISSUE OF A SHARES

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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 disclaims any liability whatsoever for any loss howsoever arising from or in reliance upon the whole or any part of the contents of this announcement.

(Formerly known as 上海棟華石油化工股份有限公司 Shanghai Tonva Petrochemical Co., Ltd.*) (a joint stock company established in the People's Republic of China with limited liability) (Stock code: 1103)

PROPOSED ISSUE OF A SHARES

This announcement is made by Shanghai Dasheng Agriculture Finance Technology Co., Ltd. (the "Company") pursuant to Rule 13.09(2)(a) of the Rules Governing the Listing of Securities on The Stock Exchange of Hong Kong Limited (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 board of directors of the Company (the "Board") is pleased to announce that, on 8 January 2016, the Board has approved the proposal to allot and issue A shares of the Company and apply for the listing of such shares on the Shanghai Stock Exchange or the Shenzhen Stock Exchange (the "Proposed Issue of A Shares"). The Board believes that the Proposed Issue of A Shares is conducive to broadening the financing channel of the Company, further optimising the Company's corporate governance and business operation and management, and enhancing the Company's reputation in the People's Republic of China (the "PRC"). As at the date of this announcement, the Company has not determined the structure of the Proposed Issue of A Shares and has not proceeded with any requisite regulatory procedures in the PRC or elsewhere for the approval of the Proposed Issue of A Shares.

The Company will make further announcement(s) on the details of the Proposed Issue of A Shares as and when appropriate.

* For identification purpose only

There is no assurance that the Proposed Issue of A Shares will proceed and the Proposed Issue of A Shares is subject to, among other things, the approvals by the Board, the shareholders of the Company, the China Securities Regulatory Commission and other relevant regulatory authorities. Shareholders and potential investors of the Company are advised to exercise caution when trading in the shares of the Company.

Further announcement(s) about the Proposed Issue of A Shares will be made by the Company in accordance with all applicable requirements of the Listing Rules as and when appropriate.

By Order of the Board

Shanghai Dasheng Agriculture Finance Technology Co., Ltd. Lan Huasheng

Chairman

Shanghai, PRC, 11 January 2016

As at the date of this announcement, the Board comprises three executive directors: Mr. Lan Huasheng, Mr. Mo Luojiang and Mr. Wang Liguo; one non-executive director: Mr. Zhu Tianxiang; and three independent non-executive directors: Mr. Chung Cheuk Ming, Ms. Pan Min and Mr. Zhou Jianhao.