September 21, 2020

Voluntary Announcement Compliance of Taiwan/Mainland Investment Regulations by Taiwan Shareholders

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6868Hong 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.

 

Tenfu (Cayman) Holdings Company Limited

天福(開曼)控股有限公司

(Incorporated in the Cayman Islands with limited liability)

(Stock Code: 6868)

VOLUNTARY ANNOUNCEMENT

COMPLIANCE OF TAIWAN/MAINLAND INVESTMENT

REGULATIONS BY TAIWAN SHAREHOLDERS

Reference is made to the prospectus of Tenfu (Cayman) Holdings Company Limited (the “Company”) dated 14 September 2011 (the “Prospectus”) and the announcements of the Company dated 11 April 2014 and 25 July 2014 respectively in respect of direct or indirect investments through companies under its control made by a Taiwanese investor (including individuals and enterprises) in the People’s Republic of China (the “”) to get approval of the . Capitalised terms used in this announcement shall have the same meanings as those defined in the Prospectus unless stated otherwise.

According to the Taiwan/Mainland Investment Regulations, direct or indirect investments through companies under its control made by a Taiwanese investor (including individuals and enterprises) in the PRC are subject to the prior approval of the Taiwan Investment Commission (“Prior Approval”). However, if the total cumulative investment amount represented by all Taiwanese investors in a single PRC entity does not exceed US$1 million, it is permitted to make a subsequent filing (“Subsequent Filing”) to the Taiwan Investment Commission within six months after the investment was made in such PRC enterprise.

As disclosed in the Prospectus, the Company has Taiwanese founding members, namely, Mr. Lee Rie-Ho, Mr. Tseng Ming-Sung and Mr. Lee Shih-Wei (“Taiwanese Founding Members”) and a group of 81 (“81 Taiwanese Original Investors”) who are subject to the Taiwan/Mainland Investment Regulations mentioned above when the Company injects the proceeds from the listing of the shares of the Company on the main board of The Stock Exchange of Hong Kong Limited (the “Listing”) to the PRC subsidiaries of the Company (the “PRC Subsidiaries”).

During the six months commencing on 1 July 2014 to 31 December 2014, there was no injection of proceeds from Listing to the PRC Subsidiaries by the Company. The Company is pleased to announce the full compliance of the Taiwan/Mainland Investment Regulations mentioned above for the six month commencing on 1 July 2014 to 31 December 2014.

The Company will publish announcement every half a year after the end of each financial period to disclose whether the Taiwanese Founding Members and 81 Taiwanese Original Investors obtain relevant approvals from the Taiwan Investment Commission in respect to the injection of proceeds from Listing. The Company will continue to use best endeavors to communicate with the existing Taiwanese investors with respect to the filing or reporting obligations as required by the Taiwan Investment Commission as and when required.

By order of the Board Tenfu (Cayman) Holdings Company Limited

Lee Chia Ling

Director

 

Hong Kong, 7 January 2015

 

As at the date of this announcement, the executive Directors are Mr. Lee Rie-Ho, Mr. Lee Shih-Wei, Mr. and Mr. Lee Kuo-Lin; the non-executive Directors are Mr. Tseng Ming-Sung and Mr. Wei Ke; and the independent non-executive Directors are Mr. Lo Wah Wai, Mr. Lee Kwan Hung and Mr. Fan Ren Da, Anthony.

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