EVA PRECISION INDUSTRIAL HOLDINGS LIMITED 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.
A EVA Precision Industriai Holdings Limited - -WIM ai !Ja21(lncorporated with limited liability in the Cayman Islands)
(Stock Code: 838)
On 12 June 2014, EVA Limited (the "Borrower"), a wholly-owned subsidiary of the Company, confirmed its acceptance of the HSBC Facility Letters which contained specific performance obligations on the Controlling Sharehoiders.
This announcement is made by EVA Precision Industriai Hoidings Limited (the "Company") in compliance with the disclosure requirements under Ruie 13.18 of the Ruies 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 12 June 2014, the Borrower, a wholly-owned subsidiary of the Company, confirmed its acceptance of the reievant facility Ietters issued by The Hongkong and Shanghai Banking Corporation Limited ("HSBC") (the "HSBC Facility Letters"). Pursuant to the HSBC Facility Letters, HSBC agrees to make avaiiabie to the Borrower a new term Ioan facility of HK$150,000,000 which has a repayment period of four years after drawdown (the "New HSBC Banking Facility").
Together with other existing Ioans with outstanding baiances of approximateiy HK$276,497,000 as at
30 Aprii 2014, the totai amount of Ioans granted by HSBC to the Borrower and other subsidiaries of the Company amounts to HK$426,497,000.
Under the HSBC Facility Letters, Mr. Zhang Hwo Jie, Mr. Zhang Jian Hua and Mr. Zhang Yaohua
(the "Controlling Shareholders") together shall maintain an aggregate sharehoiding of not Iess than
35% of the issued share capitai of the Company, and 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
Letters, whereupon HSBC may at any time by notice to the Borrower declare that:
(1) the obligation of HSBC to make the New HSBC Banking Facility 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 39.99% of the issued share capital of the Company. In addition, the Controlling Shareholders also hold, either personally or through another investment holding company, approximately 1.92% 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, 13 June 2014
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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