November 25, 2020

Changgang Dunxin Enterprise Company Limited

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(Provisional Liquidators appointed)

(Incorporated in the Cayman Islands with limited liability)
(Stock Code: 2229)

FURTHER ADJOURNMENT OF HEARING OF THE WINDING UP PETITION

Reference is made to the announcement of the Company dated 2 June 2017, 2 August 2017, 30 August 2017, 27 September 2017 and 26 October 2017 (“Announcements”) respectively in relation to the Winding-up Petition entitled 164/2017 (“Petition”) presented by the creditor .
Capitalised terms used in this announcement shall have the same meanings as those defined in the Announcements, unless otherwise specified.

On 15 November 2017, at the request of the petitioner, the hearing of the Petition was adjourned by Master K.H. Hui of the High Court to 6 December 2017.

Further announcement(s) will be made by the Company to update shareholders of the Company and the investing public on any material development of the Petition as and when appropriate pursuant to the requirement of the Listing Rules.

SUSPENSION OF TRADING

The Securities and Futures Commission has, under Rule 8(1) of the Securities and Futures (Stock Market Listing) Rules, directed the Stock Exchange of Hong Kong Limited to suspend all dealings in the shares of the Company from 9:00 a.m. on 18 May 2017. The trading in the shares of the Company will remain suspended until further notice.

Hong Kong, 15 November 2017

For and on behalf of
Changgang Dunxin Enterprise Company Limited
(Provisional Liquidators appointed)
Kennic Lai Hang LUI and LAU WU Kwai King Lauren
Joint and Several Provisional Liquidators Acting as agents without personal liability

As at the date of this announcement, the executive directors of the Company are Mr. , Mr. , Mr. Yeung Wing Nam, Mr. Wong Sing Chui, Ms. Huang Xiao Wen and Mr. Chiu Muk Hing; and the independent non-executive directors are Mr. Ye Deshan, Mr. Hu Zhenghui, Mr. Lo Pak Ho and Ms. Zhang He.

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