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 Bermuda with limited liability)

(Stock Code: 190) (website: www.hkcholdings.com)

UPDATE ANNOUNCEMENT IN RELATION TO CHINA RENEWABLE ENERGY INVESTMENT LIMITED

This announcement is made by the Company pursuant to Rule 13.09(2) of the Listing Rules and Inside Information Provisions under Part XIVA of the SFO.
After an assessment of CRE Group's anticipated impairment loss provisioning as mentioned in the CRE Announcement issued earlier today, and evaluation of its related implications together with, among other things, the latest financial information of the Group currently available, the Group is expecting to share an asset impairment loss of approximately HK$9 million in its financial statement for FY 2012.
Shareholders of the Company and potential investors are advised to consider carefully the annual results announcement of the Company for the year ended 31 December 2012 which is expected to be published before the end of March 2013. Shareholders of the Company and potential investors are advised to exercise due caution in dealing in the shares of the Company. If in doubt, they should seek their own professional advisers.
The board ("Board") of directors ("Directors") of HKC (Holdings) Limited ("Company", together with its subsidiaries, the "Group") refers to the two announcements of the Company and China Renewable Energy Investment Limited ("CRE") both dated 23 January 2013 on a possible impairment loss provisioning on certain wind farm assets held by CRE and its subsidiaries ("CRE Group") in its unaudited financial statements for the financial year ended
31 December 2012 ("FY 2012"). CRE is a listed subsidiary of the Company.
The Board noticed that CRE has issued another announcement ("CRE Announcement") early today to give an update on the impairment loss provisioning of CRE Group. This announcement is made by the Board under Rule 13.09(2) of the Rules Governing the Listing of Securities on The Stock Exchange of Hong Kong Limited (the "Listing Rules") and the Inside Information Provisions under Part XIVA of the Securities and Futures Ordinance (Cap. 571, Laws of Hong Kong) (the "Inside Information Provisions") to give an update on this matter in light of the CRE Announcement.
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After an assessment of CRE Group's anticipated impairment loss provisioning as mentioned in CRE Announcement and evaluation of its related implications together with, among other things, the latest financial information of the Group currently available, the Group is expecting to share an asset impairment loss on a wind farm project of approximately HK$9 million in its financial statement for FY 2012 .
Insofar as the normal operations and the current cash position of the Group as a whole are concerned, the provisioning (being itself a non-cash accounting treatment) will not cause any material adverse impact on the Group as a whole, as the Board has previously noted in the Company's announcement dated 23 January 2013.
The information as contained in this announcement is only based on the information currently available to the Company and the unaudited internal management accounts of the Group for FY 2012, which are still in the process of finalisation and have not been confirmed, reviewed or audited by the Company's auditors . The information in this announcement is disclosed for information only under the Listing Rules and the Inside Information Provisions. Shareholders of the Company and potential investors are advised to review carefully the annual results announcement of the Company for FY 2012 which is expected to be published before the end of March 2013.
Shareholders of the Company and potential investors are advised to exercise due caution in dealing in the shares of the Company. If in doubt, they should seek their own professional advisers.
By order of the Board
HKC (HOLDINGS) LIMITED CHANG Li Hsien, Leslie
Executive Director and Chief Executive Officer
Hong Kong, 6 March 2013

As at the date of this announcement, the Board comprises ten directors, of which three are executive directors, namely, Mr. OEI Kang, Eric, Mr. CHANG Li Hsien, Leslie and Mr. CHUNG Wai Sum, Patrick; three are non-executive directors, namely, Mr. OEI Tjie Goan, Ms. YEN Teresa and Mr. WAN Ming Sun; four are independent non-executive directors, namely, Mr. FAN Yan Hok, Philip, Mr. CHUNG Cho Yee, Mico, Mr. CHENG Yuk Wo and Mr. Albert Thomas DA ROSA, Junior.

* For identification purposes only

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