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EVA Precision Industrial Holdings Limited


(Incorporated with limited liability in the Cayman Islands)

(Stock Code: 838)

GENERAL DISCLOSURE UNDER RULE 13.18 OF THE LISTING RULES

On 7 May 2015, EVA Limited (the "Borrower"), a wholly-owned subsidiary of the Company, confirmed its acceptance of the HSBC Facility Letter which contains specific performance obligations on the Controlling Shareholders.
This announcement is made by EVA Precision Industrial Holdings Limited (the "Company") in compliance with the disclosure requirements under Rule 13.18 of the Rules Governing the Listing of Securities on The Stock Exchange of Hong Kong Limited (the "Listing Rules").

BANKING FACILITIES PROVIDED BY THE HONGKONG AND SHANGHAI BANKING CORPORATION LIMITED

On 7 May 2015, the Borrower, a wholly-owned subsidiary of the Company, confirmed its acceptance of the facility letter issued by The Hongkong and Shanghai Banking Corporation Limited ("HSBC") ("HSBC Facility Letter").
Pursuant to the HSBC Facility Letters, HSBC agrees to make available to the Borrower a new revolving loan facility of HK$150,000,000. Together with other existing loans with outstanding balances of approximately HK$319,030,000 as at 30 April 2015, the total amount of loans granted by HSBC to the Borrower and other subsidiaries of the Company amounts to HK$469,030,000 (the "HSBC Banking Facilities").
The following specific performance obligations are imposed on Mr. Zhang Hwo Jie, Mr. Zhang Jian Hua and Mr. Zhang Yaohua (together the "Controlling Shareholders") under the HSBC Facility Letter:
(1) the Controlling Shareholders shall maintain not less than 35% of the issued share capital of the
Company; and
(2) Mr. Zhang Hwo Jie shall remain as the chairman of the board of directors of the Company.

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A breach of the aforesaid obligations will constitute an event of default under the HSBC Facility
Letter, whereupon HSBC may at any time by notice to the Borrower declare that:
(1) the obligation of HSBC to make the HSBC Banking Facilities available shall be terminated;
and/or
(2) if any advance is outstanding, all the sums payable to HSBC shall immediately become due and payable.
As at the date of this announcement, Mr. Zhang Hwo Jie, Mr. Zhang Jian Hua and Mr. Zhang Yaohua owns 38%, 29% and 33% respectively of the issued share capital of Prosper Empire Limited, which in turn owns approximately 36.04% of the issued share capital of the Company. In addition, the Controlling Shareholders also hold personally approximately 1.73% of the issued share capital of the Company.
In accordance with the Listing Rules, similar disclosure will also be included in the subsequent interim and annual reports of the Company for so long as the aforesaid specific performance obligations continue to exist.
By order of the Board

EVA Precision Industrial Holdings Limited Zhang Hwo Jie

Chairman

Hong Kong, 7 May 2015

As at the date of this announcement, the Board comprises three executive directors, being Mr. Zhang Hwo Jie (Chairman), Mr. Zhang Jian Hua (Vice Chairman), Mr. Zhang Yaohua (Chief Executive Officer) and three independent non-executive directors, being Mr. Choy Tak Ho, Mr. Leung Tai Chiu and Mr. Lam Hiu Lo.

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