Green International : INSIDE INFORMATION LITIGATION (in PDF)

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GREEN INTERNATIONAL HOLDINGS LIMITED

格林國際控股有限公司

(Incorporated in the Cayman Islands with limited liability) (Stock Code: 2700)

INSIDE INFORMATION LITIGATION

This announcement is made by Green International Holdings Limited (the "Company", together with its subsidiaries, the "Group") pursuant to Rule 13.09(2)(a) of the Rules Governing the Listing of Securities on The Stock Exchange of Hong Kong Limited (the "Listing Rules") and the Inside Information Provisions (as defined in the Listing Rules) under Part XIVA of the Securities and Futures Ordinance (Chapter 571 of the Laws of Hong Kong).

The Company has on 9 February 2017 received a writ of summons (the ''Writ'') dated 9 February 2017 issued by the High Court of Hong Kong. The plaintiff is Nu Kenson Limited (''Nu Kenson'') and the Company is named as the defendant in the Writ (the ''Legal Proceedings'').

Reference is made to the announcements of the Company dated 27 November 2015, 28 December 2015 and 15 January 2016 regarding the issue of the 8% coupon convertible bonds in the principal amount of HK$40,000,000 issued by the Company (the ''Convertible Bonds''), and to the announcement of the Company dated 16 January 2017 and 10 February 2017 regarding the amendments to the terms and conditions of the Convertible Bonds.

Pursuant to the Statement of Claim attached to the Writ, Nu Kenson seeks, inter alia, the following reliefs:

1. a declaration that Nu Kenson is the legal and lawful owner and/or holder of the Convertible Bonds;

2. a declaration that Nu Kenson is entitled to (a) a certificate of the Convertible Bonds in its name, to be issued by the Company; (b) have its name entered into the register of bondholder by the Company; and (c) convert the Convertible Bonds into shares of the Company in accordance with the terms and conditions of the Convertible Bonds;

3. specific performance of the Convertible Bonds; and/or

4. Damages to be assessed.

Given that the litigation process is at an early stage, the board (the "Board") of directors (the "Directors") of the Company is still considering its potential impact on the Company at the moment. The Legal Proceeding thereby do not materially affect the normal operation of the Company.

The Company is seeking legal advice in respect of the Legal Proceeding and will make further announcement(s) to keep its shareholders and investors informed of any significant development of the Legal Proceeding as and when appropriate.

Shareholders of the Company and potential investors are advised to exercise caution in dealing in the shares of the Company.

By Order of the Board

Green International Holdings Limited Yang Wang Jian

Chairman

Hong Kong, 10 February 2017

As at the date of this announcement, the executive Directors are Dr. Yang Wang Jian, Ms. Yang Jun, Mr. Chen Hanhong, Ms. Yang Ya, Dr. Yu Qigang and Ms. Eva Au; the non-executive Director is Ms. Yu Jiaoli; and the independent non-executive Directors are Mr. Yeung King Wah, Kenneth, Mr. Wu Hong, Mr. Low Chin Sin, Mr. Ye Yunhan and Prof. Zhu Yi Zhun.