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.


SHENGUAN HOLDINGS (GROUP) LIMITED

(Incorporated in the Cayman Islands with limited liability)

(Stock Code: 00829) VOLUNTARY ANNOUNCEMENT CLARIFICATION IN PRESS ARTICLE

This announcement is published on a voluntary basis by the board of directors (the "Board") of Shenguan Holdings (Group) Limited (the "Company", together with its subsidiaries, the "Group").
The Board noticed that the Hong Kong Economic Journal published a press article on 27
March 2015 (the "Press Article") in relation to the Group, which contains a statement speculating on a report recently published by Anonymous Analytics and the announcements made by the Company dated 12 February 2015, 26 February 2015 and 26 March 2015 in relation to the placing of warrants (the "Placing of Warrants").
The Group hereby strongly denies the contents of the aforesaid Press Article, which is not based on any evidence. In respect of the Placing of Warrants, the placing agent engaged by the Company, China Investment Securities International Brokerage Limited, is solely responsible for the Placing of Warrants. Prior to the completion of the Placing of Warrants, the Group is not aware of the identities of the placees and the Company does not have any relationship with Anonymous Analytics.
Further, the allegation of the Press Article that the Placing of Warrants has been obstructed by The Stock Exchange of Hong Kong Limited (the "Stock Exchange") is not consistent with the facts. Pursuant to the understanding of the Group, the Stock Exchange has made similar requests to other companies whose shares are listed on the Stock Exchange, thus the request made by the Stock Exchange to comply with the additional requirements for the Placing of Warrants is not precedential. The Company also understands that the aforesaid request is a new arrangement and the Stock Exchange is not against a particular listed company. Members of the public may inspect the announcements and circulars in relation to the issue of warrants recently published on the website of the Stock Exchange by other listed companies.
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Regarding the Press Article, the Company has issued a letter to the editor in chief of the Hong Kong Economic Journal and the author of the Press Article, making strong protest and demanding an immediate clarification. The Company reserves all its rights to take all necessary legal actions against parties who publish or disseminate libellous, untrue, incorrect, malicious and/or frivolous information about the Group and its shareholders.

By order of the Board

Shenguan Holdings (Group) Limited

Zhou Yaxian

Chairman

Hong Kong, 27 March 2015

As at the date of this announcement, the executive Directors are Ms. Zhou Yaxian, Mr. Shi Guicheng, Mr. Ru Xiquan and Mr. Mo Yunxi; the non-executive Director is Mr. Low Jee Keong; and the independent non-executive Directors are Mr. Tsui Yung Kwok, Mr. Meng Qinguo and Mr. Yang Xiaohu.

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