PIZU GROUP HOLDINGS LIMITED 
By 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.
(Incorporated in the Cayman Islands with limited liability)
(Stock Code: 8053) DISCLOSEABLE TRANSACTION - SHORT TERM LOAN
On 14 March 2012, Gryphuz Capital Limited (an indirect
wholly-owned subsidiary of the Company) and Daily Growth
Investments Services Limited entered into the Loan Agreement
in relation to a principal amount of HK$15,000,000 Loan for
six-month.
As some of the applicable percentage ratios as set out in
Rule 19.06 of the GEM Listing Rules exceed 5% and all of such
ratios are less than 25% with respect to the Loan, the Loan
Agreement constitutes a discloseable transaction of the
Company under Chapter 19 of the GEM Listing Rules. In
addition, as the assets ratio exceeds 8% of the GEM Listing
Rules, the Company makes this announcement to comply with the
disclosure requirements under Rule
17.15 of the GEM Listing Rules.
On 14 March 2012, Gryphuz Capital Limited (the "Lender"), an
indirect wholly-owned subsidiary of the China Electric Power
Technology Holdings Limited (the "Company" and the Company
and its subsidiaries are together referred to hereinafter as
the "Group"), and Daily Growth Investments Services Limited
(the "Borrower") entered into a loan agreement ("Loan
Agreement") whereby the Lender agreed to make available to
the Borrower for investment purpose, and the Borrower agreed
to accept from the Lender, a short term loan ("Loan") in the
total principal amount of HK$15,000,000.00 together with
interest at the rate of 24% per annum. The repayment shall be
due on the date falling 6 months from the date of drawdown.
The Loan can be drawn by the Borrower within 45 days from the
date of the Loan Agreement. The repayment obligations of the
Borrower are secured by a guarantee executed by Daily Growth
Securities Limited (the "Guarantor") which is a group company
of the Borrower.
The terms of the Loan Agreement were arrived at after arm's
length negotiation between the Borrower and the Lender. The
applicable interest rate was similar to those charged to
other borrowers of similar financial standing and security
arrangement.
Mr. Cheng Wai Lam James is an executive director of the
Company, a director of the Borrower
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and the chief executive officer of the Guarantor. To the best of the knowledge, information and belief of the Directors, having made all reasonable enquiries, save as disclosed above, the Borrower and the Guarantor and their ultimate owners are independent third parties not connected with any of the directors ("Directors"), chief executive or substantial shareholders of the Company or any of its subsidiaries or any of their respective associates (all of the aforesaid terms as defined in the GEM Listing Rules).
REASONS FOR ADVANCING THE LOAN
The Group is principally engaged in provision of school
network integration services and information technology
related services in the PRC and proprietary investments,
private equity investments, financial advisory and asset
management services. The Lender is principally engaged in
investment activities.
The Borrower is principally engaged in investment activities
and the Guarantor is principally engaged in securities
dealing. The Loan provides a good opportunity to provide
lucrative return on the use of the Group's own funds. The
Directors consider that the terms of the Loan Agreement are
on normal commercial terms and are fair and reasonable and
thus the entering into the Loan Agreement is in the interests
of the Company and its shareholders as a whole.
As some of the applicable percentage ratios as set out in
Rule 19.06 of the Rules Governing the Listing of Securities
on the Growth Enterprise Market (the "GEM Listing Rules") of
The Stock Exchange of Hong Kong Limited exceed 5% and all of
such ratios are less than 25% with respect to the Loan, the
Loan Agreement constitutes a discloseable transaction of the
Company under Chapter 19 of the GEM Listing Rules. In
addition, as the assets ratio exceeds 8% of the GEM Listing
Rules, the Company makes this announcement to comply with the
disclosure requirements under Rule 17.15 of the GEM Listing
Rules.
The Company will comply with any further disclosure
requirements (if necessary) and the relevant continuing
disclosure requirements under Chapter 17 of the GEM Listing
Rules for so long as the circumstances giving rise to such
disclosure obligation continue to exist.
By Order of the Board
Li Kangying
Chairman
Hong Kong, 14 March 2012
As at the date of this announcement, the Board comprises four executive Directors, namely Mr. Li Kangying (Chairman), Mr. Wang Dongbin, Mr. Cheung Jonathan and Mr. Cheng Wai Lam James, non -executive Director, Mr. Chau King Fai and independent non-executive Directors, Mr. Yeung Kenneth King Wah, Mr. Gao Feng and
Mr. Chiang Sheung Yee Anthony.
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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 remain on the "Latest Company Announcements" page of the GEM website at www.hkgem.com for at least seven days from the date of its publication and on the Company's website at www.ceptchina.co
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