Hao Tian Development : Announcements and Notices - Joint Announcement Delay in Despatch of Composite Document in Relation to Mandatory Unconditional Cash Offers

Hong Kong Exchanges and Clearing Limited and The Stock Exchange of Hong Kong Limited take no responsibility for the contents of this joint 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 joint announcement.

昊天發展集團 有限公司

Hao Tian Development Group Limited

(incorporated in the Cayman Islands with limited liability)

Hao Tian Investment (China) Company Limited

(established in the People's

Republic of China with limited liability)

Hao Tian Corporation Limited

(incorporated in Hong Kong with limited liability)

福建諾奇股份 有限公司

Fujian Nuoqi Co., Ltd.

(a joint stock limited liability company incorporated in the People's Republic of China)

(Stock code: 474) (Stock code: 1353) JOINT ANNOUNCEMENT DELAY IN DESPATCH OF COMPOSITE DOCUMENT IN RELATION TO MANDATORY UNCONDITIONAL CASH OFFER BY HAO TIAN CHINA FOR ALL DOMESTIC SHARES OF FUJIAN NUOQI CO., LTD. (OTHER THAN THOSE ALREADY OWNED OR AGREED TO BE ACQUIRED BY HAO TIAN CHINA AND PARTIES ACTING IN CONCERT WITH IT); AND MANDATORY UNCONDITIONAL CASH OFFER BY ALTUS INVESTMENTS ON BEHALF OF HAO TIAN CORPORATION TO ACQUIRE ALL THE ISSUED H SHARES OF FUJIAN NUOQI CO., LTD. (OTHER THAN THOSE ALREADY OWNED OR AGREED TO BE ACQUIRED BY HAO TIAN CORPORATION AND PARTIES ACTING IN CONCERT WITH IT) Financial adviser to Hao Tian in respect of the H Share Offer

References are made to the joint announcement of Hao Tian Development Group Limited ("Hao Tian"), Fujian Nuoqi Co., Ltd. (the "Company"), Hao Tian Investment (China) Company Limited ("Hao Tian China") and Hao Tian Corporation Limited ("Hao Tian Corporation") dated 30 November 2016 (the "Further Delay Announcement") in relation to the delay in despatch of Composite Document to 27 January 2017. Unless otherwise specified, capitalised terms defined in the Further Delay Announcement shall have the same meanings when used herein.

As disclosed in the Further Delay Announcement, Hao Tian had previously expected to despatch the Composite Document containing, among other matters, details of the Offers, by no later than 27 January 2017.

Considering the preparation of the management accounts of the Company (required in order to confirm there had been no material change in the financial or trading position or outlook of the Group since 31 December 2015) took longer than expected, Hao Tian has applied to the Executive pursuant to Rule 8.2 of the Takeovers Code for, and the Executive has granted its consent to an extension of time for the despatch of the Composite Document (together with the relevant form of acceptance and transfer) to 10 February 2017.

A further announcement will be made when the Composite Document is despatched.

SUSPENSION OF TRADING IN THE SHARES OF THE COMPANY

At the request of the Company, trading in the shares of the Company on the Stock Exchange was suspended with effect from 11:25 a.m. on 23 July 2014, and will remain suspended pending the release of further information by the Company.

By order of the board of By order of the board of By order of the board of By order of the board of

Hao Tian Development Group Limited Hao Tian Investment (China) Company Limited Hao Tian Corporation Limited Fujian Nuoqi Co., Ltd. Fok Chi Tak Xu Haiying Fok Chi Tak Chen Quanyi

Executive Director Director Director Executive Director

Hong Kong, 26 January 2017

As at the date of this joint announcement, the executive Directors are Ding Hui, Ding Canyang and Chen Quanyi; and the non-executive Directors are Han Huiyuan and Ding Lixia.

As at the date of this joint announcement, the board of directors of Hao Tian comprises three executive directors, namely Mr. Xu Hai Ying, Dr. Zhiliang Ou JP (Australia) and Mr. Fok Chi Tak and three independent non-executive directors, namely Mr. Chan Ming Sun Jonathan, Mr. Lam Kwan Sing and Mr. Lee Chi Hwa, Joshua.

As at the date of this joint announcement, the directors of Hao Tian China are Mr. Xu Haiying, Ms. Ma Lirong and Mr. Wang Manyu.

As at the date of this joint announcement, the director of Hao Tian Corporation is Mr. Fok Chi Tak.

All the Directors jointly and severally accept full responsibility for the accuracy of the information contained in this joint announcement (other than that relating to Hao Tian, Hao Tian China and Hao Tian Corporation) and confirm, having made all reasonable enquiries, that to the best of their knowledge, opinions expressed in this joint announcement (other than that relating to Hao Tian, Hao Tian China and Hao Tian Corporation) have been arrived at after due and careful consideration and there are no other facts not contained in this joint announcement, the omission of which would make any statement in this joint announcement misleading.

All the directors of Hao Tian jointly and severally accept full responsibility for the accuracy of the information contained in this joint announcement (other than that relating to the Group) and confirm, having made all reasonable enquiries, that to the best of their knowledge, opinions expressed in this joint announcement (other than those expressed by the Group) have been arrived at after due and careful consideration and there are no other facts not contained in this joint announcement, the omission of which would make any statement in this joint announcement misleading.

All the directors of Hao Tian China jointly and severally accept full responsibility for the accuracy of the information contained in this joint announcement (other than that relating to the Group) and confirm, having made all reasonable enquiries, that to the best of their knowledge, opinions expressed in this joint announcement (other than those expressed by the Group) have been arrived at after due and careful consideration and there are no other facts not contained in this joint announcement, the omission of which would make any statement in this joint announcement misleading.

All the directors of Hao Tian Corporation jointly and severally accept full responsibility for the accuracy of the information contained in this joint announcement (other than that relating to the Group) and confirm, having made all reasonable enquiries, that to the best of their knowledge, opinions expressed in this joint announcement (other than those expressed by the Group) have been arrived at after due and careful consideration and there are no other facts not contained in this joint announcement, the omission of which would make any statement in this joint announcement misleading.