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.
This joint announcement appears for information purposes only and does not constitute an invitation or offer to acquire, purchase or subscribe for the securities of the Company or LSG.
Lai Sun Development Company Limited
(Incorporated in Hong Kong with limited liability)
(Stock Code: 488)
SUPPLEMENTAL JOINT ANNOUNCEMENT
AMENDMENTS TO THE THEORETICAL EX-RIGHTS PRICE
Reference is made to the joint announcement of the Company and LSG dated 12 August 2021 (the "Announcement") in relation to the proposed rights issue on the basis of one (1) Rights Share for every two (2) existing Shares held by the Qualifying Shareholders on the Record Date. Unless otherwise defined, terms used herein shall have the same meanings as those set out in the Announcement.
The board (the "Board") of directors of the Company wishes to clarify that based on the number of Shares in issue as at the date of the Announcement as enlarged by the Subscription Shares, the theoretical ex-rights price is approximately HK$5.72 per Share (instead of HK$5.61 per Share as set out in the Announcement, which was calculated based on the total number of issued Shares as at the date of the Announcement).
As such, certain disclosure on page 11 of the Announcement shall read as follows (with amendments underlined):
As such, the Subscription Price represents:
a discount of approximately 40.0%to the theoretical ex-rights price of approximately HK$5.72per Share, based on the closing price of HK$6.86 per
Share as quoted on the Stock Exchange on the Last Trading Day and number of Shares in issue as at the date of this joint announcement as enlarged by the Subscription Shares;