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.

Midland Holdings Limited ߕᑌණྠϞࠢʮ̡*

(Incorporated in Bermuda with limited liability)

(Stock Code: 1200)

CONTINUING CONNECTED TRANSACTIONS

CROSS REFERRAL SERVICES FRAMEWORK AGREEMENT

DELAY IN DESPATCH OF CIRCULAR

References are made to (i) the announcement of Midland Holdings Limited (the "Company") dated 8 February 2021 in relation to the continuing connected transactions under the cross referral services framework agreement dated 8 February 2021 (the "Cross Referral Services Framework Agreement (2021)") entered into between the Company and Midland IC&I Limited for a period of three years from 16 November 2020 to 15 November 2023 (the "Announcement"), and (ii) the announcement of the Company dated 23 February 2021 in relation to the delay in despatch of Circular (as defined below) (the "Delay Announcement"). Unless otherwise specified, capitalised terms used in this announcement shall have the same meanings as those set out in the Announcement.

As stated in the Delay Announcement, a circular (the "Circular") containing (a) further information on the Cross Referral Services Framework Agreement (2021), the transactions contemplated thereunder and the Proposed Annual Caps; (b) the letter from the Independent Board Committee; (c) the letter of advice from the independent financial adviser; and (d) a notice convening the SGM, was expected to be despatched to the Shareholders on or before 8 March 2021. As additional time is required by the Company to prepare and finalise certain information to be included in the Circular, the despatch of the Circular will be further delayed and the Company expects to despatch the Circular to the Shareholders on or before 15 March 2021.

By Order of the Board Midland Holdings Limited

MUI Ngar May, Joel Company Secretary

Hong Kong, 8 March 2021

As at the date of this announcement, the Board comprises eight Directors, of which four are Executive Directors, namely Mr. WONG Kin Yip, Freddie, Ms. WONG Ching Yi, Angela, Mr. WONG Tsz Wa, Pierre and Mr. CHEUNG Kam Shing; one is Non-Executive Director, namely Mr. WONG Wing Cheung Dennis; and three are Independent Non-Executive Directors, namely Mr. HO Kwan Tat, Ted, Mr. SUN Tak Chiu and Mr. WONG San.

* For identification purpose only

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Midland Holdings Limited published this content on 08 March 2021 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 08 March 2021 08:32:08 UTC.