E143939A_Chun Wo 1..4

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.
This announcement appears for information purposes only and does not constitute an invitation or offer to acquire, purchase or subscribe for securities of the Company nor is it a solicitation of any vote or approval in any jurisdiction.

(Incorporated in Bermuda with limited liability)

(Stock Code: 00711)

ANNOUNCEMENT

(1) BOOK CLOSURE PERIOD AND RECORD DATE FOR SPECIAL GENERAL MEETING;

(2) CHANGE OF BOOK CLOSURE PERIOD FOR DISTRIBUTION IN SPECIE;

AND

(3) REVISED TIMETABLE

Reference is made to the circular issued by Chun Wo Development Holdings Limited (the

''Company'') dated 26 November 2014 containing, among other things, (i) details about the Sale and Purchase Agreement, the Subscription Agreement, the Group Restructuring, the Share Premium Reduction, the Distribution In Specie, the Bond Extension, the GT Winners Loan, the proposed Increase in Authorised Share Capital and the respective transactions contemplated thereunder, including the issue of the Convertible Bonds and the allotment and issue of the Subscription Shares and the Conversion Shares under the Specific Mandate; (ii) financial information on each of the Group and the Privateco Group, and pro forma financial information of the Remaining Group and the Privateco Group; (iii) a letter of recommendation from the Independent Board Committee and a letter of advice from the Independent Financial Adviser in respect of the Subscription Agreement, the Share Premium Reduction, the Distribution In Specie, the Bond Extension, the GT Winners Loan and the respective transactions contemplated thereunder, including the issue of the Convertible Bonds and the allotment and issue of the Subscription Shares and the Conversion Shares under the Specific Mandate; and (iv) a notice of the SGM (the ''Circular''). Unless otherwise stated herein, capitalised terms used herein shall have the same meanings as those defined in the Circular.

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BOOK CLOSURE PERIOD AND RECORD DATE FOR SPECIAL GENERAL MEETING
The register of members of the Company will be closed from Thursday, 18 December 2014 to Friday, 19 December 2014 (both days inclusive) for the purpose of determining the entitlement to attend and vote at the SGM. During such period, no transfer of Shares will be registered and no Shares will be allotted and issued on the exercise of the subscription rights attached to the share options granted by the Company. In order to be eligible to attend and vote at the SGM, all completed transfer documents accompanied by the relevant share certificate(s) must be lodged with the Hong Kong Branch Share Registrar of the Company, Tricor Secretaries Limited (''Tricor'') at Level 22, Hopewell Centre, 183 Queen's Road East, Hong Kong (''Tricor's Address'') for registration not later than 4 : 30 p.m. on Wednesday, 17 December 2014. Shareholders whose names appear on the register of members of the Company on Friday, 19 December 2014 shall be entitled to attend and vote at the SGM.
CHANGE OF BOOK CLOSURE PERIOD FOR DISTRIBUTION IN SPECIE
The Company announces that the book closure period for the purpose of determining the entitlement to the Distribution In Specie will be revised as follows:
Original Revised
Latest time and date for lodging transfers of Shares to qualify
for entitlement to the
Distribution In Specie
4 : 30 p.m. on Wednesday,
24 December 2014
4 : 30 p.m. on Monday,
29 December 2014
Book closure period Monday, 29 December
2014 to Tuesday,
30 December 2014
Tuesday, 30 December 2014
REVISED TIMETABLE
As a result of the above change in the book closure period for determining the entitlement to the Distribution In Specie, the expected timetable as set out in the Circular will be revised as follows:
Event Time & Date
Latest time and date for lodging forms
of proxy for the SGM .................................. .......... 2 : 30 p.m. on Wednesday,
17 December 2014
Time and date of the SGM ....................... ....................... 2 : 30 p.m. on Friday,
19 December 2014
Publication of an announcement regarding
the poll results of the SGM.............. ........................ Friday, 19 December 2014

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If the approval of the relevant resolutions to be proposed at the SGM are obtained:
Last day of dealings in the Shares
cum-entitlement to the Distribution In Specie . ................ Monday, 22 December 2014
First day of dealings in the Shares
ex-entitlement to the Distribution In Specie ................... Tuesday, 23 December 2014
Latest time and date for lodging transfers
of Shares to qualify for entitlement to the
Distribution In Specie ............ ................................... 4 : 30 p.m. on Monday,
29 December 2014
Book closure period (Note 1) .................................... Tuesday, 30 December 2014
Record Date ................ ..................................... Tuesday, 30 December 2014
Expected completion of the
Distribution In Specie ................... ................... Wednesday, 31 December 2014
Expected Sale and Purchase Completion
Date and Subscription
Completion Date (Note 2) ......................... No later than 6 : 00 p.m. on Wednesday,
31 December 2014

Notes:

1. During the revised book closure period, no transfer of Shares will be registered and no Shares will be allotted and issued on the exercise of the subscription rights attached to the share options granted by the Company. In order to qualify for the Distribution in Specie, all completed transfer documents accompanied by the relevant share certificate(s) must be lodged with Tricor at the Tricor's Address for registration not later than 4 : 30 p.m. on Monday, 29 December 2014.

2. Pursuant to the Sale and Purchase Agreement and the Subscription Agreement, Subscription Completion shall take place simultaneously with the Sale and Purchase Completion on the Subscription Completion Date or at such other time as may be agreed by the Company and the Offeror.

3. A detailed timetable for the Listco Offers and the Privateco Offer will be included in the Listco Offer Document and the Privateco Offer Document respectively. Pursuant to the letters from the Executive dated 11 November 2014, the Executive granted consent to extend the deadline for the despatch of the Listco Offer Document and the Privateco Offer Document respectively to within seven (7) days of the completion of the pre-conditions to the making of the Listco Offers and the Privateco Offer respectively (i.e. the Sale and Purchase Completion and the completion of the Distribution In Specie) or 31 January

2015, whichever is earlier.

4. Dates and deadlines for events in the above timetable are indicative only and may be extended or varied.

Any changes to the expected timetable will be announced as appropriate. All times and dates refer to

Hong Kong local time.

Further announcement(s) will be made in relation to those events which are scheduled to take place after the SGM as and when appropriate in accordance with applicable regulatory requirements.

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WARNING: THE PRIVATECO OFFER AND THE LISTCO OFFERS ARE A POSSIBILITY ONLY. AS THE PRIVATECO OFFER AND THE LISTCO OFFERS WILL ONLY BE MADE AFTER COMPLETION OF THE DISTRIBUTION IN SPECIE, THE SALE AND PURCHASE COMPLETION AND THE SUBSCRIPTION COMPLETION RESPECTIVELY, WHICH ARE SUBJECT TO A NUMBER OF CONDITIONS, EACH OF THE PRIVATECO OFFER AND THE LISTCO OFFERS MAY OR MAY NOT PROCEED. SHAREHOLDERS, OPTIONHOLDERS AND POTENTIAL INVESTORS ARE THEREFORE ADVISED TO EXERCISE CAUTION WHEN DEALING IN THE SECURITIES OF THE COMPANY.
By Order of the Board
Kwok Yuk Chiu, Clement
Managing Director
Hong Kong, 1 December 2014
As at the date of this announcement, the executive directors of the Company are Mr. Pang Yat Ting, Dominic, Mr. Pang Yat Bond, Derrick, Mr. Kwok Yuk Chiu, Clement and Madam Li Wai Hang, Christina and the independent non-executive directors of the Company are Mr. Au Son Yiu, Mr. Chan Chiu Ying, Alec, Mr. Hui Chiu Chung, Stephen JP and Mr. Lee Shing See GBS, OBE, JP.
The Directors jointly and severally accept full responsibility for the accuracy of the information contained in this announcement, and confirm, having made all reasonable enquiries, that to the best of their knowledge, opinions expressed in this announcement have been arrived at after due and careful consideration and there are no other facts not contained in this announcement, the omission of which would make any statement contained in this announcement misleading.
The English text of this announcement shall prevail over its Chinese text.

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