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GREENTECH TECHNOLOGY INTERNATIONAL LIMITED
綠 科 科 技 國 際 有 限 公 司
(Incorporated in the Cayman Islands with limited liability)
(Stock Code: 00195)
FURTHER EXTENSION OF LONG STOP DATE OF
Reference is made to the announcement made by Greentech Technology International Limited (the ''Company'') dated 24 December 2019 (the ''Announcement'') in relation to the acquisition of 10% of the entire issued share capital of Yu Jin Investment (BVI) and the announcement made by the Company dated 4 February 2020 (the ''Extension Announcement'') in relation to the extension of the Long Stop Date. Unless otherwise defined, capitalized terms in this announcement shall have the same meanings as those defined in the Announcement.
Pursuant to the Share Transfer Agreement, Completion is subject to the satisfaction of the Conditions Precedent by 31 January 2020, or such other date as the parties may agree in writing (the ''Long Stop Date''). As disclosed in the Extension Announcement, the Long Stop Date has been extended to 7 February 2020.
Due to the suspension of entry to Mongolia from China as a result of the recent coronavirus outbreak, additional time is required to complete the due diligence exercise on the Target Group. As additional time is required for the fulfillment of the Conditions Precedent, the Vendor and the Company have agreed to further extend the Long Stop Date to 9 April 2020, or such other date as the parties may agree in writing.