Min Xin : GENERAL DISCLOSURE PURSUANT TO RULE 13.18 OF THE LISTING RULES

Microsoft Word - announcement pursuant to rule 13.18

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.

MIN XIN HOLDINGS LIMITED

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公公公公

司司司司

(Incorporated in Hong Kong with limited liability)

(Stock Code: 222)

GENERAL DISCLOSURE PURSUANT TO RULE 13.18 OF THE LISTING RULES

This announcement is made pursuant to Rule 13.18 of the Rules Governing the Listing of Securities on The Stock Exchange of Hong Kong Limited.

Min Xin Holdings Limited ("the Company') as the borrower has entered into a facility letter with a bank ("the Bank") as the lender on 22 December 2015 ("Facility Letter") whereby the Bank has agreed to make available to the Company a term loan facility of HK$480,000,000 with a final maturity date of three years from the date of first drawdown.

Pursuant to the Facility Letter, the Company undertakes it will procure that Fujian Investment & Development Group Co., Ltd. ("FIDG"), the controlling shareholder of the Company, shall maintain (whether directly or indirectly) not less than 35% beneficial interests in the issued share capital of the Company during the term of the Facility Letter. Breach of such undertaking will constitute an event of default and all amounts (including principal and interest) due and owing by the Company to the Bank under the Facility Letter shall become immediately due and payable.

As at the date of this announcement, FIDG is beneficially interested in 48.01% of the issued share capital of the Company.

By Order of the Board

Min Xin Holdings Limited Liu Cheng

Executive Director and General Manager

Hong Kong, 30 December 2015

As at the date of this announcement, the Executive Directors of the Company are Messrs Weng Ruo Tong (Chairman), Wang Fei (Vice Chairman) and Liu Cheng; the Non-executive Directors are Messrs Yang Fang and Liu Lun; the Independent Non-executive Directors are Messrs Ip Kai Ming, Sze Robert Tsai To and So Hop Shing.