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(a joint stock company incorporated in the People's Republic of China with limited liability)

(Stock code: 1103) INSIDE INFORMATION LAPSE OF MEMORANDUM OF UNDERSTANDING IN RESPECT OF POSSIBLE ACQUISITION

This announcement is made by Shanghai Tonva Petrochemical Co., Ltd. (the "Company", together with its subsidiaries, the "Group") pursuant to Rule 13.09(2)(a) of the Rules Governing the Listing of Securities on The Stock Exchange of Hong Kong Limited and the Inside Information Provisions under Part XIVA of the Securities and Futures Ordinance (Cap. 571 of the Laws of Hong Kong).
Reference is made to the announcement of the Company dated 15 December 2014 and 6 February
2015 (the "Announcements") in relation to, among other things, the entering of the MOU in respect of the Possible Acquisition between Tonva Trading and the Vendor. Capitalized terms used in this announcement have the same meanings as defined in the Announcements, unless the context otherwise requires.
The Board wishes to inform the shareholders and potential investors of the Company that Tonva Trading will not proceed with the Possible Acquisition and as at the date of this announcement no agreement has been entered into between Tonva Trading and the Vendor in relation to the Possible Acquisition.

*For identification purposes only

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The Directors are of the view that the lapse of the MOU does not have any material adverse impact on the operations of the Group.
By Order of the Board

Shanghai Tonva Petrochemical Co., Ltd. Lan Huasheng

Chairman

Shanghai, PRC, 2 July 2015

As at the date of this announcement, the Board comprises three executive directors: M r. Lan Huashe ng, M r. Mo Luoj i ang and M r. Wang Li guo; one non-e x e c ut i v e di re c t or: Mr. Zhu Tianxiang; and three independent non-executive directors: Mr. Chung Cheuk Ming, Ms. Pan Min and Mr. Zhou Jianhao.

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