FOSUN INTERNATIONAL LIMITED 
By 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.
This announcement is for information purposes only. It is not an offer to sell or the solicitation of an offer to acquire, purchase, subscribe or dispose of any securities and neither this announcement nor anything herein forms the basis for any contract or commitment whatsoever.
Distribution of this announcement into jurisdictions other than Hong Kong may be restricted by law. Persons into whose possession this announcement comes should inform themselves of and observe any such restrictions. Any failure to comply with these restrictions may constitute a violation of the securities laws of any such jurisdiction. This announcement is not for release, publication or distribution, directly or indirectly, in or into the United States.
The securities referred to herein have not been and will not be registered under the U.S. Securities Act of 1933, as amended (the "U.S. Securities Act") or the laws of any state in the United States, and may not be offered or sold within the United States, absent registration or an exemption from the registration requirements of the U.S. Securities Act and applicable state laws. There is no intention to register any portion of the rights issue or any securities described herein in the United States or to conduct a public offering of securities in the United States.
The Board announces that as at 4:00 p.m. on 13 May 2014, being the latest time for payment for and acceptance of Rights Shares and the application and payment for the excess Rights Shares, a total of 1,158 valid acceptances in respect of
403,321,649 Rights Shares provisionally allotted under the Rights Issue were received, representing approximately 80.52% of the total number of the Rights Shares available for subscription under the Rights Issue, and a total of 276 valid applications for 605,168 excess Rights Shares were received, representing approximately 0.12% of the total number of Rights Shares available for
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subscription under the Rights Issue. In aggregate, a total of 1,434 valid acceptances and applications in respect of 403,926,817 Rights Shares, representing approximately 80.64% of the total number of Rights Shares available for subscription under the Rights Issue were received.
The Rights Issue became unconditional at 5:00 p.m. on 16 May 2014.
Based on the above acceptance results, the Rights Issue was under-subscribed by
96,957,554 Rights Shares, representing approximately 19.36% of the total number of 500,884,371 Rights Shares. Pursuant to the terms and conditions of the Underwriting Agreement and the sub-underwriting arrangement, the Underwriter has subscribed for 40,269,165 Rights Shares whereas the sub-underwriter has subscribed for 56,688,389 Rights Shares.
It is expected that the share certificates for the fully-paid Rights Shares in respect of the valid acceptances of the Rights Shares will be despatched to those relevant Shareholders by ordinary post to their registered addresses on or before 22 May
2014 at their own risks. Dealings in the fully-paid Rights Shares are expected to commence at 9:00 a.m. on 23 May 2014.
Reference is made to the prospectus of Fosun International Limited (the "Company") dated 25 April 2014 (the "Prospectus"). Unless otherwise stated, capitalised terms used herein shall bear the same meanings as defined in the Prospectus.
The Board announces that as at 4:00 p.m. on 13 May 2014, being the latest time for payment for and acceptance of Rights Shares and the application and payment for the excess Rights Shares, a total of 1,158 valid acceptances in respect of 403,321,649
Rights Shares provisionally allotted under the Rights Issue were received, representing approximately 80.52% of the total number of the Rights Shares available for subscription under the Rights Issue, and a total of 276 valid applications for 605,168 excess Rights Shares were received, representing approximately 0.12% of the total number of Rights Shares available for subscription under the Rights Issue. In aggregate, a total of 1,434 valid acceptances and applications in respect of
403,926,817 Rights Shares, representing approximately 80.64% of the total number of Rights Shares available for subscription under the Rights Issue were received.
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The Rights Issue became unconditional at 5:00 p.m. on 16 May 2014.
Based on the above acceptance results, the Rights Issue was under-subscribed by
96,957,554 Rights Shares, representing approximately 19.36% of the total number of
500,884,371 Rights Shares. Pursuant to the terms and conditions of the Underwriting
Agreement and the sub-underwriting arrangement, the Underwriter has subscribed for
40,269,165 Rights Shares whereas the sub-underwriter has subscribed for 56,688,389
Rights Shares. The Directors confirmed that the sub-underwriter and the ultimate beneficial owner of the sub-underwriter are third parties independent of the Company and connected persons of the Company.
The shareholding structure of the Company immediately before and after completion of the Rights Issue will be as follows:
Immediately before completion of the Rights Issue Immediately after completion of the Rights Issue Shareholder No. of Shares Approximate % No. of Shares Approximate %
FHL 5,074,698,000 79.03 5,510,793,609 79.61
Directors and their
associates (other than
FHL) 24,580,000 0.38 26,497,240 0.38
Public 1,322,316,50020.591,385,188,02220.01
It is expected that the share certificates for the fully-paid Rights Shares in respect of the valid acceptances of the Rights Shares will be despatched to those relevant Shareholders by ordinary post to their registered addresses on or before 22 May 2014 at their own risks.
Dealings in the fully-paid Rights Shares are expected to commence at 9:00 a.m. on
23 May 2014.
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Pursuant to the terms of the offering circular relating to the Convertible Bonds dated
19 November 2013 (the "CB Offering Circular"), as the Subscription Price did not have any discount to the trading price of the Shares for the 20 consecutive Trading Days (as defined in the CB Offering Circular) ending on the Trading Day immediately preceding the announcement of the proposed Rights Issue (i.e. 9 April
2014), there will not be any adjustment to the conversion price of the Convertible
Bonds.
As at the date of this announcement, the Company has outstanding Convertible Bonds in the principal amount of HK$3,875,000,000.
Hong Kong, 19 May 2014
By Order of the Board
Chairman
As at the date of this announcement, the executive directors of the Company are Mr. Guo Guangchang, Mr. Liang Xinjun, Mr. Wang Qunbin, Mr. Ding Guoqi, Mr. Qin Xuetang and Mr. Wu Ping; the non-executive director is Mr. Fan Wei; and the independent non-executive directors are Mr. Zhang Shengman, Mr. Andrew Y. Yan, Mr. Zhang Huaqiao and Mr. David T. Zhang.
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