Hong Kong Exchanges and Clearing Limited and The Stock Exchange of Hong Kong Limited take no responsibility for the contents of this joint 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 joint announcement.

eSun Holdings Limited

(Incorporated in Bermuda with limited liability)

(Stock Code: 571)

JOINT ANNOUNCEMENT

MAJOR TRANSACTION

GRANT OF WAIVER FROM STRICT COMPLIANCE

WITH RULE 14.41(A) OF THE LISTING RULES

Reference is made to the joint announcement of LSG, LSD, eSun and Lai Fung dated 19 January 2020 ("Announcement") in relation to the subscription of 16.68% equity interest in a subsidiary by an investor involving the grant of options and provision of guarantee. Capitalised terms used in this joint announcement shall have the same meanings as those defined in the Announcement unless otherwise stated.

As disclosed in the Announcement, additional time is required for eSun and Lai Fung to prepare and finalise the relevant information to be included in their respective circulars, including the valuation report and financial information. As such, eSun and Lai Fung have applied to the Stock Exchange for a waiver from strict compliance with the requirements of Rule 14.41(a) of the Listing Rules.

On 6 February 2020, the Stock Exchange granted the waiver to eSun and Lai Fung on the condition that eSun and Lai Fung will despatch their respective circulars on or before 31 March 2020.

The waiver applies to this case only and the Stock Exchange may withdraw or change the terms of the waiver if the situation changes for eSun and Lai Fung.

For and on behalf of

For and on behalf of

eSun Holdings Limited

Lai Fung Holdings Limited

Lui Siu Tsuen, Richard

Chew Fook Aun

Executive Director and

Chairman

Chief Executive Officer

Hong Kong, 7 February 2020

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As at the date of this joint announcement,

  1. the eSun Board comprises four executive directors, namely Messrs. Lui Siu Tsuen, Richard
    (Chief Executive Officer), Chew Fook Aun, Lam Hau Yin, Lester and Yip Chai Tuck; one non-executive director, namely Madam U Po Chu; and four independent non-executive directors, namely Messrs. Low Chee Keong (Chairman), Lo Kwok Kwei, David and Alfred Donald Yap and Dr. Ng Lai Man, Carmen; and
  2. the Lai Fung Board comprises eight executive directors, namely Mr. Chew Fook Aun (Chairman),
    Dr. Lam Kin Ming (Deputy Chairman), Mr. Lam Kin Hong, Matthew (Executive Deputy Chairman),
    Mr. Lam Hau Yin, Lester (Chief Executive Officer), Madam U Po Chu, Mr. Cheng Shin How, Mr. Lee Tze Yan, Ernest and Mr. Tham Seng Yum, Ronald; two non-executive directors, namely Mr. Lucas Ignatius Loh Jen Yuh and Mr. Puah Tze Shyang (also alternate to Mr. Lucas Ignatius Loh Jen Yuh); and five independent non-executive directors, namely Messrs. Lam Bing Kwan, Ku Moon Lun, Law Kin Ho,
    Mak Wing Sum, Alvin and Shek Lai Him, Abraham.

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eSun Holdings Limited published this content on 07 February 2020 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 07 February 2020 12:57:10 UTC