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.

(Incorporated in the Cayman Islands with limited liability)
(Stock code: 329)
UNUSUAL SHARE PRICE AND TRADING VOLUME MOVEMENTS
This statement is made at the request of The Stock Exchange of Hong Kong Limited (the
"Stock Exchange").
The board ("Board") of directors ("Directors") of Dragonite International Limited (the "Company", together with its subsidiaries referred to as the "Group") has noted the recent increase in the price and trading volume of the shares of the Company and wishes to state that save as disclosed in this announcement, the Board is not aware of any reason for such increases.
As disclosed in the announcement of the Company dated 20 July 2012, the Company is in discussion with major international tobacco companies for the possible disposal of the Group's Ruyan electronic cigarettes business, which if materialises, may constitute a notifiable transaction for the Company. As at the date of this announcement, the Company is also in discussion to engage a major international investment bank for the aforesaid possible disposal. No definitive agreements or contracts have been signed by the Group as at the date of this announcement and the aforesaid possible disposal may or may not proceed. Shareholders of the Company and the investing public should exercise extreme caution when dealing in the shares of the Company.
Save as disclosed in this announcement, the Directors confirm that there are no negotiations or agreements relating to intended acquisitions or realisations which are discloseable under rule 13.23 of the Rules Governing the Listing of Securities on The Stock Exchange of Hong Kong Limited (the "Listing Rules"), neither is the Board aware of any matter discloseable under the general obligation imposed by rule 13.09 of the Listing Rules, which is or may be of a price-sensitive nature.
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Made by the order of the Board, the directors of which individually and jointly accept responsibility for the accuracy of this announcement.
By order of the Board Dragonite International Limited Gary Drew Douglas
Managing Director
Hong Kong, 24 October 2012
As at the date of this announcement, the Board comprises the following Directors: Executive Directors Independent non-executive Directors
Mr. Wong Yin Sen (Chairman)
Mr. Gary Drew Douglas (Managing Director)
Mr. Hon Lik
Ms. Chan Mee Sze
Mr. Lam Suk Ping
Mr. Chung Yuk Lun
Mr. Liu Kwong Sang
Mr. Lam Man Sum, Albert
Mr. Ho Tak Fun
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