China Fire Safety : FURTHER DELAY IN DESPATCH OF CIRCULAR IN RELATION TO (1) VERY SUBSTANTIAL ACQUISITION, CONNECTED TRA

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China Fire Safety Enterprise Group Limited中國消防企業集團有限公司

(Incorporated in the Cayman Islands with limited liability)

(Stock code: 445)

FURTHER DELAY IN DESPATCH OF CIRCULAR IN RELATION TO

(1) VERY SUBSTANTIAL ACQUISITION, CONNECTED TRANSACTION AND

SPECIAL DEAL

(2) PROPOSED ISSUE OF CONSIDERATION SHARES AND CONVERTIBLE

BONDS UNDER SPECIFIC MANDATE

(3) PROPOSED INCREASE OF AUTHORIZED CAPITAL

AND

(4) APPLICATION FOR WHITEWASH WAIVER

Reference is made to (i) the joint announcement of China Fire Safety Enterprise Group Limited (the "Company") and China International Marine Containers (Group) Co., Ltd. dated 4 December 2017 (the "Joint Announcement"); and (ii) the announcement of the Company dated 27 December 2017 in relation to the delay in despatch of the Circular (as defined below) (the "First Delay Announcement"). Unless the context requires otherwise, terms used herein shall have the same meanings as those defined in the Joint Announcement.

As stated in the Joint Announcement, a circular (the "Circular") containing, among other things, (i) further details of the Proposed Acquisitions, the proposed increase in authorized capital of CFE, the Specific Mandate, the Whitewash Waiver and the Special Deal; (ii) a letter from the CFE Independent Board Committee to the independent CFE Shareholders containing its recommendation in respect of the Proposed Acquisitions and the Specific Mandate; (iii) a letter from the CFE Whitewash Waiver Board Committee to the independent CFE Shareholders containing its recommendation in respect of the Whitewash Waiver and the Special Deal; and (iv) a letter from the CFE Independent Financial Adviser to the CFE Independent Board Committee, the CFE Whitewash Waiver Board Committee and the independent CFE Shareholders containing its recommendation in respect of the Proposed Acquisitions, the Specific Mandate, the Whitewash Waiver and the Special Deal, is expected to be despatched to the CFE Shareholders on or around 7 January 2018.

As disclosed in the First Delay Announcement, an application was made to the Executive pursuant to Rule 8.2 of the Takeovers Code for its consent to extend the deadline for the despatch of the Circular to a date falling on or before 26 January 2018. The Executive has granted its consent for such extension.

As additional time is required to finalise certain information for inclusion in the Circular including, among other things, the audited financial information of the CFE Group for the nine months ended 30 September 2017 and the letter from the CFE Independent Financial Adviser, it is expected that the despatch date of the Circular will be postponed to a date falling on or before 14 February 2018.

The Company has applied to the Executive for a waiver from strict compliance with Rule 8.2 of the Takeovers Code such that the despatch date of the Circular is to be postponed to a date falling on or before 14 February 2018. The Executive has granted its consent to such extension.

By order of the Board

China Fire Safety Enterprise Group Limited

Li Ching Wah

Company Secretary

Hong Kong, 25 January 2018

As at the date of this announcement, the Directors are as follows:

Dr. Li Yin Hui	Chairman and Non-executive Director
Mr. Jiang Xiong	Honorary Chairman and Executive Director
Mr. Zheng Zu Hua	Executive Director
Mr. Luan You Jun	Executive Director
Mr. Yu Yu Qun	Non-executive Director
Mr. Robert Johnson	Non-executive Director
Dr. Loke Yu	Independent non-executive Director
Mr. Heng Ja Wei	Independent non-executive Director
Mr. Ho Man	Independent non-executive Director

All the Directors jointly and severally accept full responsibility for the accuracy of the information contained in this announcement and confirm, having made all reasonable inquiries, that to the best of their knowledge, opinions expressed in this announcement have been arrived at after due and careful consideration and there are no other facts not contained in this announcement, the omission of which would make any statement in this announcement misleading.