GUANGDONG - HONG KONG GREATER BAY AREA 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.
(Incorporated in the Cayman Islands with limited liability)
(Stock Code: 1396) STRATEGIC COOPERATION WITH PING AN BANK COMPANY LIMITED
This announcement is made pursuant to Rule 13.09 of the Listing Rules and the Inside Information Provisions (as defined in the Listing Rules) under Part XIVA of the Securities and Futures Ordinance (Chapter 571 of the Laws of Hong Kong).
The Board is pleased to announce that Shenzhen Hydoo Investment Management Company Limited, an indirect wholly-owned subsidiary of the Company, entered into an Agreement with Ping An Bank on November 22, 2014, pursuant to which the Group and Ping An Bank agreed to establish a strategic cooperation framework for the purpose of, among others, the provision of credit, financing and financial services by Ping An Bank to the Group.
This announcement is made pursuant to Rule 13.09 of the Rules Governing the Listing of Securities on The Stock Exchange of Hong Kong Limited (the "Listing Rules") and the Inside Information Provisions (as defined in the Listing Rules) under Part XIVA of the Securities and Futures Ordinance (Chapter 571 of the Laws of Hong Kong).
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The board of directors ("Board") of Hydoo International Holding Limited (the "Company", together with its subsidiaries, "the Group") is pleased to announce that on November 22, 2014, Shenzhen Hydoo Investment Management Company Limited, an indirect wholly-owned subsidiary of the Company, entered into a strategic cooperation agreement (the "Agreement") with Ping An Bank Company Limited (Jf
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("Ping An Bank" together with the Group, collectively referred to in this announcement as the "Parties"), pursuant to which the Parties agreed to establish a strategic cooperation framework for the purpose of, among others, the provision of credit, financing and financial services by Ping An Bank to the Group.
DETAILS OF THE AGREEMENT
(1) The Parties will stabilize, expand and deepen bilateral cooperation and utilize their respective competitive advantage towards the development of both businesses and to enhance their overall competitiveness. Each of the Parties also agrees to designate a specific department to implement the strategic cooperation framework, and strengthen communication and coordination, in order to efficiently resolve any issues which may arise, as well as promote business cooperation.
(2) Ping An Bank agrees to provide credit, financing and financial services to the Group if needed during the cooperation period of three years. Ping An Bank will also utilize its financial services platform to provide a comprehensive financial services package to the Group such as insurance, investment, trusts, securities and internet banking. In addition, if there are suitable opportunities, the Parties will further enhance cooperation in respect of other businesses including fund operations, acquisition finance, trusts / information management planning, asset securitization, Pre-IPO financing and wealth management.
Ping An Bank is a joint-stock commercial bank headquartered in Shenzhen, PRC.
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The Board believes that the strategic cooperation with Ping An Bank will allow the Parties to share their respective competitive advantages and to jointly develop each party's market position in their respective industries. The Board also believes that the strategic partnership with Ping An Bank will enable the Group to explore additional channels in financing and acquisition of quality projects, and to pursue business opportunities in financial and other commercial aspects complementary to the Group's principal business activities.
WARNING The Agreement is preliminary and specific strategic arrangements shall be subject to further negotiations and execution of additional agreements between the Parties. Shareholders of the Company and investors are advised to exercise caution when dealing in the shares of the Company.
Hong Kong, November 23, 2014
By order of the Board
Chairman
As at the date of this announcement, the executive Directors of the Company are Mr. Wang Jianli and Mr. Huang Dehong; the non-executive Director of the Company is Mr. Yuan Bing; and the independent non-executive Directors of the Company are Mr. Zhao Lihua, Mr. Wang Lianzhou and Mr. Lam, Chi Yuen Nelson.
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