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 Hong Kong with limited liability)

(Stock Code: 882)

VOLUNTARY ANNOUNCEMENT

CHANGE OF SHAREHOLDING STRUCTURE OF INTERMEDIATE CONTROLLING SHAREHOLDER

OF THE COMPANY

This announcement is made by Tianjin Development Holdings Limited (the "Company") on a voluntary basis.

Reference is made to the voluntary announcement of the Company dated 1 November 2019 (the "Announcement") in relation to the internal restructuring of the Tianjin Pharmaceutical Group for the purpose of implementing the overall strategy of the Tianjin Government regarding state-owned enterprises mixed ownership reform which includes, inter alia, the implementation of the Tsinlien Transfer and the Thrive Leap Transfer. Unless otherwise defined, capitalised terms used in this announcement shall have the same meanings as those defined in the Announcement.

The Company has been informed by Tianjin Bohai that all other necessary approvals or waivers from the relevant entity and PRC regulatory authority in respect of the Tsinlien Transfer and the Thrive Leap Transfer have been obtained. Further announcement will be made by the Company when the relevant share transfer documents relating to the Tsinlien Transfer and the Thrive Leap Transfer have been signed.

By Order of the Board

Tianjin Development Holdings Limited

Wang Zhiyong

Chairman and Executive Director

Hong Kong, 31 January 2020

As at the date of this announcement, the Board of the Company consists of Mr. Wang Zhiyong, Mr. Chen Yanhua, Dr. Li Xiaoguang, Mr. Zhuang Qifei, Mr. Cui Xiaofei, Mr. Cheung Wing Yui, Edward*, Dr. Chan Ching Har, Eliza*, Dr. Cheng Hon Kwan**, Mr. Mak Kwai Wing, Alexander**, Ms. Ng Yi Kum, Estella**, Mr. Wong Shiu Hoi, Peter** and Dr. Loke Yu**.

  • non-executivedirector
  • independent non-executive director

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Tianjin Development Holdings Limited published this content on 31 January 2020 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 31 January 2020 04:09:01 UTC