CHINA AGRI PROD : Further Update on the Legal Proceedings in Wuhan, the PRC

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 Bermuda with limited liability)

This announcement is made by the board of directors (the "Board") of China Agri-Products Exchange Limited (the "Company" together with its subsidiaries, collectively the "Group") 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) (the "SFO").
References are made to the announcements of the Company dated 11 January 2011, 22 May 2012, 19 June
2014, 4 July 2014, 13 January 2015 and 14 January 2015 (the "Previous Announcements") in relation to the civil proceedings in the People's Republic of China (the "PRC") commenced by Ms. Wang Xiu Qun ("Ms. Wang") and fttliXJLIW1!ffiffJll�ii] (Wuhan Tian Jiu Industrial and Commercial Development Co., Ltd.#) ("Tian Jiu") as plaintiffs against the Company as defendant and joined fttli13ìY i!lll!i/fu:k f1lf!ffJll�ii] (Wuhan Baisazhou Agricultural By-product Grand Market Company Limited#) ("Baisazhou Agricultural") as third party and the Beijing Judgment received from the Supreme People's Court in January 2015. Unless otherwise defined herein, terms defined in the Previous Announcements have the same meanings when used herein.
The Company was noted that Ms. Wang and Tian Jiu had jointly commenced legal proceedings against the PRC Ministry of Commerce ("MOFCOM") alleging that MOFCOM failed to discharge its statutory duties for handling their application submitted in January 2015 for revoking the certificate of approval and letter of approval in relation to the Contended Agreements. The cases have been accepted by the Beijing Second Intermediate People's Court ("Beijing Court") on 4 May 2015 and 5 May 2015, respectively. Each of the Company and Baisazhou Agricultural has then made an application to join the cases as third party, and the Company's application has been accepted by the Beijing Court on 25 May 2015.
On the other hand, the Company has issued a writ against Ms. Wang and Tian Jiu which was accepted by the Higher People's Court of Hubei Province ("Hubei Court") on 26 May 2015. According to the Beijing Judgement, the Supreme People's Court (i) ordered that the Contended Agreements were void; and (ii) acknowledged that the HK$1,156 million sale and purchase agreement ("SPA") (as disclosed by the Company in its announcement on 10 May 2007) shall be the actual agreement being performed by the Company, Ms. Wang and Tian Jiu. The Company seeks an order from the Hubei Court that Ms. Wang and Tian Jiu shall assist Baisazhou Agricultural to discharge its contractual duties under the SPA to make the necessary filing with MOFCOM.
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The Company will continue to liaise with MOFCOM and closely monitor any further developments and/or any action that MOFCOM may take. The Company will make further announcement in compliance with the SFO and the Listing Rules as and when appropriate.

By Order of the Board

Chairman and Chief Executive Officer

Hong Kong, 28 May 2015

As at the date of this announcement, the executive directors of the Company are Mr. Chan Chun Hong, Thomas, Mr. Leung Sui Wah, Raymond and Mr. Yau Yuk Shing, and the independent non-executive directors of the Company are Mr. Ng Yat Cheung, Ms. Lam Ka Jen, Katherine and Mr. Lau King Lung.

#for identification purpose only

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