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.

NAN NAN RESOURCES ENTERPRISE LIMITED یی༟๕ྼุϞࠢʮ̡

(Incorporated in Bermuda with limited liability)

(Stock Code: 1229)

VOLUNTARY ANNOUNCEMENT

COMPLETION OF THE ACQUISITION OF 90% OF THE ISSUED SHARE CAPITAL OF THE TARGET COMPANY AND THE LOANS

Reference is made to the announcement of Nan Nan Resources Enterprise Limited (the "Company", together with its subsidiaries, the "Group") dated 10 August 2018 (the "Announcement"). Unless otherwise defined herein, capitalized terms used in this announcement shall have the same meaning as those defined in the Announcement.

The Board is pleased to announce that all of the conditions precedents as set out in the Sale and Purchase Agreement have been fulfilled or waived and completion of the Acquisition took place on 8 October 2018 in accordance with the terms and conditions of the Sale and Purchase Agreement. The balance of the Consideration of US$1,029,488 (equivalent to approximately HK$8,030,000) was settled in cash by the Purchaser to the Vendor on the date of completion. Upon completion of the Acquisition, the Target Company and NEFIN Malaysia became indirect non-wholly owned subsidiaries of the Company. The financial performance and position of the Target Group will be consolidated to the Group's consolidated financial statements.

Made by the order of the Board, save for Ms. Lo Fong Hung who could not be contacted as at the date of this announcement.

By order of the Board

Nan Nan Resources Enterprise Limited

Kwan Man Fai

Chairman and Managing Director

Hong Kong, 8 October 2018

As at the date of this announcement, the Board comprises three executive Directors, namely Mr. Kwan Man Fai, Ms. Lo Fong Hung and Mr. Wang Xiangfei; three independent non-executive Directors, namely Mr. Wong Man Hin, Raymond, Mr. Chan Yiu Fai, Youdey and Mr. Pak Wai Keung, Martin; and one alternate Director, Mr. Wong Sze Wai (alternate to Mr. Wang Xiangfei).

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Nan Nan Resources Enterprise Limited published this content on 08 October 2018 and is solely responsible for the information contained herein. Distributed by Public, unedited and unaltered, on 08 October 2018 10:42:06 UTC