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    3899   KYG2198S1093

CIMC ENRIC HOLDINGS LIMITED

(3899)
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CIMC Enric : SUPPLEMENTAL ANNOUNCEMENT--POSSIBLE DEEMED DISPOSAL AND MAJOR TRANSACTION IN RELATION TO PROPOSED SPIN-OFF AND SEPARATE A-SHARE LISTING OF CIMC SAFE TECH

05/03/2021 | 05:29am EDT

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.

CIMC Enric Holdings Limited

中集安瑞科控股有限公司

(Incorporated in the Cayman Islands with limited liability)

(Stock code: 3899)

SUPPLEMENTAL ANNOUNCEMENT

POSSIBLE DEEMED DISPOSAL AND MAJOR TRANSACTION

IN RELATION TO PROPOSED SPIN-OFF AND

SEPARATE A-SHARE LISTING OF CIMC SAFE TECH

References are made to the announcement of CIMC Enric Holdings Limited (the "Company") dated 16 December 2020 and the circular of the Company dated 23 April 2021 (the "Circular"), in relation to the Proposed Spin-off. Unless otherwise specified, capitalized terms used herein shall have the same meaning as ascribed to them in the Circular. This announcement is made to provide supplemental information to the Shareholders in respect of the Proposed Spin-off as stated in the Circular.

The Board would like to provide the latest progress of the Proposed Spin-off. The Sponsor

recently submitted the report for phase one of the pre-listingtutorial of the Spin-offCompany ("《中 信 證 券 股 份 有 限 公 司 關 於 中 集 安 瑞 環 科 技 股 份 有 限 公 司 第 一 期 輔 導 工

作 備 案 報 告》") to the Jiangsu branch of the CSRC indicating that, amongst other things, the Spin-off Company proposed to apply for the listing of its shares on the ChiNext market of the Shenzhen Stock Exchange. The pre-listing tutorial of the Spin-off Company is on-going.

Based on the above, (i) the Directors confirmed that the opinion and recommendation to the Independent Shareholders as set out in the "Letter from the Board" in the Circular remains unchanged; (ii) the Independent Financial Adviser confirmed that the opinion and recommendation to the Independent Board Committee and the Independent Shareholders as set out in the "Letter from the Independent Financial Adviser" in the Circular remains unchanged; and (iii) the Independent Board Committee has confirmed that the opinion and recommendation to the Independent Shareholders as set out in the "Letter from the Independent Board Committee" in the Circular remains unchanged.

Save as disclosed above, all other information set out in the Circular remains unchanged.

- 1 -

Pursuant to the notes to Rules 13.73 and 14.42 of the Listing Rules, the Company must assess the scale of revisions or updating required and materiality of the new information, revisions or updating required. Where the revisions or updating required are significant, the Company must consider carefully whether it would be better to publish a revised or supplementary circular rather than provide particulars of the changes in an announcement.

The Board has carefully considered the scale of revisions and materiality of the new information contained in this announcement (including, in particular, the unchanged opinions and recommendations of the Board, the Independent Financial Adviser and the Independent Board Committee) and came to the conclusion that this supplemental announcement should suffice for the purpose of complying with Rules 13.73 and 14.42 of the Listing Rules, such that no supplementary circular will be dispatched to Shareholders on the supplemental information.

No revised notice of EGM and form of proxy will be dispatched to Shareholders, as the subject matter to be discussed at the EGM remains the same. Shareholders who have already lodged their forms of proxy or the appointment documents for corporate representatives with the Company's branch share registrar in Hong Kong do not need to re-lodge those documents if their voting decisions remain the same, as all lodged proxies and corporate representative documents shall remain valid for vote-taking at the EGM. Any Shareholder who wishes to alter their voting decisions may continue to use the existing form for the re-lodge of proxy. Any re-lodged form of proxy shall have the effect of revoking any form of proxy previously lodged in respect of the same block of Shares. Completion and return of the form of proxy will not preclude Shareholders from attending and voting in person at the EGM should they so wish.

Shareholders and potential investors of the Company should note that the Proposed Spinoff is subject to, among other things, obtaining approvals from the relevant regulatory authorities, market conditions and other factors. There is no assurance that the Proposed Spin-off will take place or as to when it will take place. Accordingly, Shareholders and potential investors of the Company are advised to exercise caution when dealing in or investing in the Shares.

The Company will make further announcement(s) in relation to the Proposed Spin-off in accordance with the requirements of the Listing Rules as and when appropriate.

By order of the Board

CIMC Enric Holdings Limited

Cheong Siu Fai

Company Secretary

Hong Kong, 3 May 2021

As at the date of this announcement, the Board consists of Mr. Gao Xiang (Chairman) as non-executive Director; Mr. Yang Xiaohu (General Manager) as executive Director; Mr. Yu Yuqun, Mr. Wang Yu and Mr. Zeng Han as non-executive Directors; and Ms. Yien Yu Yu, Catherine, Mr. Tsui Kei Pang, Mr. Zhang Xueqian and Mr. Wang Caiyong as independent non-executive Directors.

- 2 -

Disclaimer

CIMC Enric Holdings Ltd. published this content on 03 May 2021 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 03 May 2021 09:28:06 UTC.


© Publicnow 2021
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Sales 2021 14 305 M 2 214 M 2 214 M
Net income 2021 854 M 132 M 132 M
Net cash 2021 2 193 M 339 M 339 M
P/E ratio 2021 14,5x
Yield 2021 2,85%
Capitalization 12 624 M 1 954 M 1 954 M
EV / Sales 2021 0,73x
EV / Sales 2022 0,62x
Nbr of Employees 9 900
Free-Float 30,2%
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Mean consensus BUY
Number of Analysts 13
Last Close Price 6,24 CNY
Average target price 6,61 CNY
Spread / Average Target 5,94%
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Managers and Directors
Xiaohu Yang General Manager & Executive Director
Xiang Gao Chairman
Xue Qian Zhang Independent Non-Executive Director
Kei Pang Tsui Independent Non-Executive Director
Caiyong Wang Independent Non-Executive Director
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