CHINA HUISHAN DAIRY HOLDINGS COMPANY LIMITED 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.
CHINA HUISHAN DAIRY HOLDINGS COMPANY LIMITED
中 國 輝 山 乳 業 控 股 有 限 公 司
(Incorporated in the Cayman Islands with limited liability)
(Stock Code: 06863)
VOLUNTARY ANNOUNCEMENT SHARE REPURCHASE
This announcement is a voluntary announcement made by China Huishan Dairy Holdings Company Limited (the ''Company'').
The board of directors (the ''Board'') of the Company wishes to announce that on 2 October 2015, the Company repurchased, on The Stock Exchange of Hong Kong Limited, 27,345,000 ordinary shares of the Company (the ''Share Repurchase'') with the highest price being HK$2.92 per share. The aggregate consideration for the Share Repurchase is approximately HK$78,791,450, which is funded from internal resources of the Company. Up to the date of this announcement, the Company has repurchased a total of 118,727,000 of its own shares pursuant to the repurchase mandate granted to the Board at the annual general meeting of the Company held on 28 August 2015 (the ''Repurchase Mandate''), representing approximately 0.8734% of the issued share capital of the Company immediately prior to the Share Repurchase.
The Company may or may not repurchase additional shares under the Repurchase Mandate, subject to market conditions and such decision will be at the Board's absolute discretion. The Company may repurchase its shares at any price as determined by the Board, subject to the applicable rules under the Rules Governing the Listing of Securities on The Stock Exchange of Hong Kong Limited. There is no assurance of the timing, quantity or price of any share repurchase or whether the Company will make any further repurchase at all. Shareholders and investors should therefore exercise caution when dealing in the shares of the Company.
By order of the Board
China Huishan Dairy Holdings Company Limited Michael Chou
Company Secretary
Hong Kong, 2 October 2015
As at the date of this announcement, the board of directors of the Company comprises Mr. Yang Kai, Ms. Ge Kun, Mr. So Wing Hoi, Mr. XuGuangyi and Mr. Kwok Hok Yin as executive Directors; Mr. Li Kar Cheung as non-executive Director; Mr. Song Kungang, Mr. Gu Ruixia, Mr. Tsui Kei Pang and Mr. Kan Yu Leung Peter as independent non-executive Directors.
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