Chu Kong Shipping Enterprises Grp : Announcements and Notices - Notice of Extraordinary General Meeting

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Chu Kong Shipping Enterprises (Group) Co., Ltd.

(Incorporated in Hong Kong with limited liability)

"THAT

(a) the agreement (the "Agreement") entered into between Civet (Zhuhai Bonded Area) Logistics Company Limited, a company owned as 75% an indirectly non-wholly owned subsidiary of the Company, as purchaser (the "Purchaser") and Civet (Zhuhai Bonded Area) Container Company Limited, as vendor (the "Vendor") on 14 April 2014 pursuant to which the Purchaser agreed to purchase and the Vendor agreed to sell the buildings with respective land use rights of a parcel of land situated at ::!�rl (Hongwan Port), Zhuhai City, Guangdong Province, the PRC (the "Land"), with a total site area of approximately 100,932 square metres for warehouse and industrial use with a land use right of 50 years from 23 March 2004 to 23 March 2054 and ancillary structures and facilities erected on the Land for a consideration of RMB159,400,000, subject to the terms of the Agreement, a copy of the Agreement having been produced to this meeting marked "A" and signed by the chairman hereof for the purpose of identification, and all the transactions contemplated thereunder be and are hereby approved, confirmed and ratified; and

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(b) any one director of the Purchaser be and is hereby authorised to do all such acts and things and sign all documents which he/she may consider necessary, desirable or expedient in connection with or to give effect to the Agreement and the transactions contemplated thereunder and to agree to such variations, amendments or waivers thereto as are, in the opinion of the directors of the Purchaser and limited to the administrative matters ancillary to the implementation of the Agreement, in the interest of the Purchaser."

By Order of the Board

Executive Director

Hong Kong, 7 May 2014

Notes:
1. A proxy form for use at the EGM is enclosed herewith.
2. A member of the Company entitled to attend and vote at the EGM is entitled to appoint one or more proxy to attend and, subject to the provisions of the articles of association of the Company, to vote on his behalf. A proxy need not be a member of the Company but must be present in person at the EGM to represent the member. If more than one proxy is so appointed, the appointment shall specify the number and class of shares in respect of which each of such proxy is so appointed.
3. The instrument appointing a proxy shall be in writing under the hand of the appointer or of his/her attorney duly authorised in writing or, if the appointer is a corporation, either under its seal or under the hand of any officer or attorney authorised to sign the same.
4. In order to be valid, the proxy form must be duly completed and signed in accordance with the instructions printed thereon and deposited together with a power of attorney or other authority, if any, under which it is signed, or a certified copy of such power or authority, at the Company's share registrar, Tricor Tengis Limited at Level 22, Hopewell Centre, 183 Queen's Road East, Hong Kong, as soon as possible and, in any event not less than 48 hours before the time appointed for the holding of the EGM or any adjournment thereof (as the case may be). Completion and return of the proxy form will not preclude a member from attending in person and voting at the EGM or any adjournment thereof, should he so wish.
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5. In the case of joint holders of shares, any one of such holders may vote at the EGM, either personally or by proxy, in respect of such share as if he/she was solely entitled thereto, but if more than one of such joint holders are present at the EGM personally or by proxy, that one of the said persons so present whose name stands first on the register of members of the Company in respect of such shares shall alone be entitled to vote in respect thereof.
6. The voting on the resolution at the EGM will be conducted by way of a poll.

As at the date of this announcement, the Company's executive directors include Mr. Xiong Gebing and Mr. Zeng He and Mr. Cheng Jie; non-executive directors include Mr. Liu Weiqing, Mr. Hu Jiahong and Mr. Zhang Lei; and independent non-executive directors include Mr. Chan Kay-cheung, Ms. Yau Lai Man and Mr. Chow Bing Sing.

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