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(formerly known as Sino Dragon New Energy Holdings Limited中國龍新能源控股有限公司*) (Incorporated in the Cayman Islands with limited liability)

(Stock code: 395) COMPELTION OF PLACING OF NEW SHARES UNDER GENERAL MANDATE Placing Agent Financial Adviser



The Board is pleased to announce that completion of the Placing took place on 23
December 2014 and 300,000,000 Placing Shares were issued to not less than six Placees, who are Independent Third Parties in accordance with the terms of the Placing Agreement.
Reference is made to the announcement (the "Announcement") of the Company dated 15 December 2014 in relation to, inter alia, the Placing. Unless otherwise stated, capitalized terms used in this announcement shall have the same meanings as those defined in the Announcement.
The Board is pleased to announce that the Placing was completed on 23 December
2014 in accordance with the terms and conditions of the Placing Agreement. An aggregate of 300,000,000 Placing Shares were issued to not less than six Placees, who are Independent Third Parties, at the Placing Price of HK$0.31 per Placing Share. The net proceeds, after the deduction of the placing commission and other related
expenses, will be applied as general working capital of the Group.
By Order of the Board

Smartac Group China Holdings Limited Yang Xin Min

Chairman

Hong Kong, 23 December 2014

As at the date of this announcement, the Directors are Mr. Yang Xin Min, Ms. Huang Yue Qin and Mr. Kwan Che Hang Jason as executive Directors, Mr. Wang Jia Wei as non-executive Director and Dr. Cheng Faat Ting Gary, Mr. Poon Lai Yin Michael and Mr. Yang Wei Qing as independent non-executive Directors.

If there is any inconsistency between the Chinese names of the PRC entities, departments, facilities or titles mentioned in this announcement and their English translation, the Chinese version shall prevail.

* for identification purposes only

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