Dorsett Hospitality : JOINT ANNOUNCEMENT DELAY IN DISPATCH OF SCHEME DOCUMENT (in PDF)

Hong Kong Exchanges and Clearing Limited and The Stock Exchange of Hong Kong Limited take no responsibility for the contents of this joint 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 joint announcement.

This announcement appears for information purposes only and is not intended to and does not constitute, or form part of, any offer to purchase or subscribe for or an invitation to purchase or subscribe for any securities of the Offeror, FEC or Dorsett or the solicitation of any vote or approval in any jurisdiction, nor shall there be any sale, issuance or transfer of securities of Dorsett in any jurisdiction in contravention of applicable law.

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(Incorporated in the Cayman Islands with limited liability)

Website: http://www.fecil.com.hk

CNY1,000,000,000 5.875 per cent. Bonds due 2016

(Incorporated in the British Virgin Islands with limited liability)

(Incorporated in the Cayman Islands with limited liability)

Website : http://www.dorsett.com

CNY850,000,000 6.0 per cent. Bonds due 2018

Reference is made to the joint announcement issued by FEC, the Offeror and Dorsett dated 27

May 2015 in relation to, among other things, the possible privatisation of Dorsett by the Offeror by way of a scheme of arrangement (the "Joint Announcement"). Unless otherwise stated, capitalised terms used herein shall have the same meanings as those defined in the Joint Announcement.

* For identification purposes only

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As disclosed in the Joint Announcement, the Scheme Document containing, among other things, further details of the Proposal and the Scheme, the Rule 13 Offer, the expected timetable, an explanatory memorandum as required under the Companies Law and the rules of the Grand Court, information regarding Dorsett, recommendations from Dorsett Independent Board Committee with respect to the Proposal and the Rule 13 Offer, and the advice of the Dorsett Independent Financial Adviser to the Dorsett Independent Board Committee, a notice of the Court Meeting and a notice of an extraordinary general meeting of Dorsett, together with related proxies, will be dispatched to Dorsett Shareholders and holders of Dorsett Options as soon as practicable and in compliance with the requirements of the Takeovers Code and the Grand Court, and other applicable laws and regulations.

Under Rule 8.2 of the Takeovers Code, the Scheme Document should be dispatched on or before 2 July 2015. However, the dispatch of the Scheme Document will be delayed due to the additional time required for finalising the information to be contained in the Scheme Document, including, among other things, the latest financial information and property valuations. Accordingly, it is anticipated that the Scheme Document will be dispatched on or before 24 August 2015. An application has been made to the Executive and the Executive has granted consent to the delay in despatch of the Scheme Document up to and including 24

August 2015.

By order of the Board of

Chief Financial Officer and Company Secretary

By order of the Board of

Chief Financial Officer and Company Secretary

By order of the Board of

Director

Hong Kong, 30 June 2015

As at the date of this announcement, the Board of FEC comprises five executive directors namely, Tan Sri Dato' CHIU David, Mr. HOONG Cheong Thard, Mr. CHAN Chi Hing, Mr. CHIU Dennis and Mr. WILLIAMS Craig Grenfell and three independent non-executive directors, namely Mr. CHAN Kwok Wai, Mr. WONG Man Kong Peter and Mr. LAM Kwong Siu.

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The directors of FEC jointly and severally accept full responsibility for the accuracy of the information contained in this announcement and confirm, having made all reasonable inquiries, 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 in this announcement misleading.
As at the date of this announcement, the directors of the Offeror are Tan Sri Dato' CHIU David, Mr. HOONG Cheong Thard and Mr. CHAN Chi Hing.
The directors of the Offeror jointly and severally accept full responsibility for the accuracy of the information contained in this announcement and confirm, having made all reasonable inquiries, 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 in this announcement misleading.
As at the date of this announcement, the Board of Dorsett comprises two executive directors namely, Ms. CHIU Wing Kwan Winnie and Mr. LAI Wai Keung, three non-executive directors, namely Tan Sri Dato' CHIU David, Mr. HOONG Cheong Thard and Mr. CHAN Chi Hing, and four independent non-executive directors, namely Mr. SHEK Lai Him Abraham, G.B.S., J.P., Mr. TO Peter, Dr. LIU Ngai Wing and Mr. ANGELINI Giovanni.
The directors of Dorsett jointly and severally accept full responsibility for the accuracy of the information contained in this announcement (other than that relating to FEC Group) and confirm, having made all reasonable inquiries, that to the best of their knowledge, opinions expressed in this announcement (other than those expressed by FEC Group) 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 in this announcement misleading.

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