E151212657Ann.indd

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 and does not constitute an invitation or offer to acquire, purchase or subscribe for the securities in the Company.


(incorporated in the Cayman Islands with limited liability)

(Stock Code: 8178)


DELAY IN DESPATCH OF CIRCULARS IN
  1. MAJOR TRANSACTION RELATING TO THE ACQUISITION OF THE ENTIRE ISSUED SHARE CAPITAL OF JOYUNITED INVESTMENTS LIMITED AND
  2. PLACING OF NEW SHARES UNDER SPECIFIC MANDATE


Reference is made to the announcement of China Information Technology Development Limited (the "Company") dated 25 November 2015 in relation to the major transaction (the "Acquisition Announcement") and the announcement of the Company dated 8 December 2015 in relation to the placing of new shares under specific mandate (the "Placing Announcement").


DELAY IN DESPATCH OF CIRCULAR IN THE MAJOR TRANSACTION


Capitalised terms used in this part shall have the same meaning as ascribed to them in the Acquisition Announcement unless the context otherwise requires.


It was disclosed in the Acquisition Announcement that a circular (the "Acquisition Circular") containing, among other things, (i) further details of the Acquisition; (ii) an accountant's report of the Target Group; (iii) the unaudited pro forma financial information of the Enlarged Group; and (iv) the notice of EGM and other information as required under the GEM Listing Rules will be despatched to the Shareholders on or before 31 December 2015.


As more time is required for the Company to prepare and finalise the information to be included in the Acquisition Circular, it is expected that the despatch of the Acquisition Circular will be postponed to a date not later than 31 January 2016.

DELAY IN DESPATCH OF CIRCULAR IN THE PLACING


Capitalised terms used in this part shall have the same meaning as ascribed to them in the Placing Announcement unless the context otherwise requires.


It was disclosed in the Placing Announcement that a circular (the "Placing Circular") containing, among other things, further details of the Placing Agreement, the proposed grant of the Specific Mandate together with a notice convening the EGM to consider and, if thought fit, approve the Placing contemplated under the Placing Agreement and the proposed grant of the Specific Mandate will be despatched to the Shareholders as soon as practicable in accordance with the GEM Listing Rules, which is expected to be on or before 31 December 2015.


As more time is required for the Company to prepare and finalise the information to be included in the Placing Circular, it is expected that the despatch of the Placing Circular will be postponed to a date not later than 31 January 2016.


By order of the Board

China Information Technology Development Limited Tse Chi Wai

Executive Director and Company Secretary


Hong Kong, 31 December 2015


As at the date of this announcement, the Board comprises Mr. Wong Kui Shing, Danny (Chairman and Chief Executive Officer), Mr. Tse Chi Wai, Ms. Wu Jingjing, Mr. Takashi Togo and Mr. Wong Chi Yung as executive Directors; Mr. Hung Hing Man, Mr. May Tai Keung, Nicholas and Dr. Chen Shengrong as independent non-executive Directors.


This announcement, for which the Directors collectively and individually accept full responsibility, includes particulars given in compliance with the GEM Listing Rules for the purpose of giving information with regard to the Company. The Directors, having made all reasonable enquiries, confirm that to the best of their knowledge and belief the information contained in this announcement is accurate and complete in all material respects and not misleading or deceptive, and there are no other matters the omission of which would make any statement herein or this announcement misleading.


This announcement will be available on the Company's websitehttp://www.chinainfotech.com.hk and will remain on the "Latest Company Announcement" page on the GEM website at http://www.hkgem.com for at least 7 days from the date of its posting.

China Information Technology Development Ltd. issued this content on 2015-12-31 and is solely responsible for the information contained herein. Distributed by Public, unedited and unaltered, on 2016-01-02 14:48:02 UTC

Original Document: http://www.chinainfotech.com.hk/pdf/GLN20151231133e.pdf