SHK Hong Kong : Proposed Amendments to Articles of Association

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 Hong Kong with limited liability)

(Stock Code: 666)

The Board of the Company announces that amendments to the Articles of Association will be proposed at the forthcoming AGM to enable the Company to pursue more investment opportunities as and when they arise by broadening the investment objective set out in the Prospectus and Articles of Association.
The proposed amendments to the Articles of Association will be subject to approval by shareholders of the Company by way of a special resolution at the forthcoming AGM.
A circular containing, among other things, details of the proposed amendments to the
Articles of Association, together with a notice of AGM will be despatched to the shareholders of the Company on 22nd April, 2014.

As the original prospectus of SHK Hong Kong Industries Limited (the "Company") dated 6th December, 1990 (the "Prospectus") and the articles of association of the Company (the "Articles of Association") contain investment restrictions which are far more restrictive than the requirements under rule 21.04(3) of the Rules Governing the Listing of Securities on The Stock Exchange of Hong Kong Limited, they reduced greatly the investment opportunities that are otherwise open to the Company. By amending the investment objectives, policies and restrictions, the board of directors (the "Board") of the Company believes it would broaden the investment objective to
enable the Company to pursue more opportunities as and when they arise.

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The proposed amendments to the Articles of Association will be subject to approval by shareholders of the Company by way of a special resolution at the forthcoming annual general meeting (the "AGM") to be held on 5th June, 2014.
A circular containing, among other things, details of the proposed amendments to the Articles of Association, together with a notice of AGM will be despatched to the shareholders of the Company on 22nd April, 2014.
By order of the Board

Hong Kong, 17th April, 2014

As at the date of this announcement, the composition of the Board is as follows: Mr. Warren Lee Wa Lun (Chairman) and Mr. Mark Wong Tai Chun are Executive Directors; Mr. Arthur George Dew and Mr. Peter Lee Yip Wah are Non-Executive Directors; and Dr. Ambrose So Shu Fai, Mr. Albert Ho and Mr. Louie Chun Kit are Independent Non-Executive Directors.

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