OREANDA-NEWS. June 19, 2013. This announcement is made by the Company on a voluntary basis. Unless otherwise specified, terms used herein shall have the same meanings as defined in the announcement of the Company dated 2 May 2013 (the “Announcement”).

EXTENSION OF THE MOU
Reference is made to the Announcement in relation to the MOU regarding the Proposed Acquisition. The MOU shall have a term of 45 days from the date of the MOU, i.e. until 15 June 2013, or such other date as may be agreed by the parties to the MOU.

As additional time is required for the continuation of the preliminary due diligence review, on 14 June 2013, the parties to the MOU have agreed to extend the term of the MOU for another 45 days to 30 July 2013 (the “Extension Agreement”).

Save for the aforesaid extension of 45 days, under the Extension Agreement, all terms of the MOU will remain unchanged and continue to be non-legally binding.

If the Proposed Acquisition proceeds, the Proposed Acquisition may constitute a notifiable transaction of the Company under Chapter 14 of the Listing Rules and/or may therefore be subject to Shareholders’ approval requirement under the Listing Rules.

Further announcement will be made to update the progress of the Proposed Acquisition as and when necessary.

Shareholders and potential investors of the Company shall be aware that framework and terms of the Proposed Acquisition are subject to negotiation between the MOU parties. As the Proposed Acquisition may or may not proceed, Shareholders and potential investors of the Company are advised to exercise caution when dealing in the Shares.