Clarification Announcement

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Transcript

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.
BOLINA HOLDING CO., LTD.
航標控股有限公司
(Incorporated in the Cayman Islands with limited liability)
(Stock Code: 1190)
CLARIFICATION ANNOUNCEMENT
This announcement is made by Bolina Holding Co., Ltd. (the “Company”) in accordance with
Part XIVA of the Securities and Futures Ordinance (Chapter 571, Laws of Hong Kong) concerning
disclosure of inside information and Rule 13.09(2) (a) of the Rules Governing the Listing of
Securities on the Main Board of The Stock Exchange of Hong Kong Limited.
Reference is hereby made to the announcement of the Company dated 2 October 2016 in relation
to certain inside information of the Company where it is disclosed that “there was negotiation (the
“Negotiation”) regarding possible sale of shares of Mr. Xiao Zhiyong, the controlling shareholder
and Chairman of the Board of the Company, which is considered as inside information prior to its
trading halt from 10:04 a.m. on 30 September 2016. The Board confirms that, under the support
of the Zhangzhou government of Fujian province, the Company has been in discussion with
Zhangzhou Jiulongjiang Group Co., Ltd. (or “Jiulongjiang”), Zhangzhou Investment Group Co.,
Ltd. (or “Zhangzhou Investment”) and the other two state-owned enterprises of the Zhangzhou
government (collectively known as the big four Zhangzhou state-owned enterprises) with respect
to the potential equity investment in the Company. Once the transaction is done, Jiulongjiang and
Zhangzhou Investment will become major shareholders of the Company. No definitive and/or
legally binding agreement has been entered into in relation to the Negotiation.”
The Company hereby clarifies that the negotiation of possible sale of shares of Mr. Xiao Zhiyong
is part and parcel of the potential equity investment transaction with Jiulongjiang, Zhangzhou
Investment and the other two state-owned enterprises referred to in the Company’s announcement
dated 2 October 2016. They constitute one potential transaction. Mr. Xiao Zhiyong further
confirmed that, even if the transaction is materialized, it will not lead to a change in control of the
Company which will trigger a mandatory general offer under the Takeovers Code. As such there
should be no implication with respect to Rule 26 of the Takeovers Code. The Company will comply
with the relevant requirements in the event that any announcement has to be made pursuant to the
Listing Rules, the Takeovers Code and the Securities and Futures Ordinance.
As the transaction may or may not be successful, shareholders of the Company and prospective
investors are advised to exercise caution when dealing in the securities of the Company.
For and on behalf of the board
BOLINA HOLDING CO., LTD.
Xiao Zhiyong
Chairman
4 October 2016
As at the date of this announcement, the executive directors are Xiao Zhiyong, Ye Xiaohong, Yang
Qingyun, Lu Jianqing and Zhang Ming and the independent non-executive directors are Tong
Jifeng, Jiang Guoxiang and Wong Yuk Lun, Alan.

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