Suen Cho Hung, Paul made a mandatory offer to acquire remaining 57.9% stake in Enviro Energy International Holdings Limited (SEHK:1102) for approximately HKD 330 million in cash on May 14, 2015. Under the terms, Suen Cho Hung will offer HKD 0.1087 for each share being acquired in Enviro Energy and will offer HKD 0.0001 for each warrant and option being acquired as part of the agreement. The transaction is subjected to Suen Cho Hung, Paul obtaining more than 50% stake in Enviro Energy International Holdings Limited after closing of the offer. Suen Cho Hung, Paul has sufficient financial resources to fund the transaction. Suen Cho intends to finance the aggregated consideration through a loan facility. Chan Wing Him Kenny have agreed to procure such directors as may be required by Suen Cho Hung to resign from the Board with effect from after the first closing date of the share, option and warrant offers or after the date when the offers become or are declared unconditional. There are no layoffs expected. Suen Cho Hung intends to nominate new Directors to the Board of Enviro Energy. Suen Cho Hung, Paul intends to maintain the listing of the Shares on the stock exchange after the close of the offers.

Latest time and date for acceptance of the offer on the first closing date is June 25, 2015. Results of the offers will be announced on June 25, 2015. Subsequent closing date of the offer if it becomes unconditional on the first closing date will be July 9, 2015. Independent Board Committee comprising of non-executive Directors David Tsoi, Lo Chi Kit and Tam Hang Chuen has been set up to advice Independent Board Committee shareholders. As on June 4, 2015, Suen Cho Hung secured a loan facility of up to HKD 330 million granted by Get Nice. Suen Cho Hung does not intend to exercise any power of compulsory acquisition of any offer shares outstanding and not acquired under the offers after the close of the offers. Suen will be appointed as an executive Director and the Chairman of the Board, Sue Ka Lok will be appointed as an executive Director and the Chief Executive Officer, Lai Ming Wai will be appointed as an executive Director, Chiang Bun will be appointed as an independent non-executive Director and Leung Pik Har, Christine be appointed as an independent non-executive Director. The Board of Enviro Energy recommended the shareholders to approve the transaction.

Tricor Tengis Ltd. acted as registrar for Enviro Energy. Opus Capital Limited acted as independent financial advisor for Independent Board Committee. Get Nice Securities Limited and Veda Capital acted as financial advisors for Suen Cho Hung, Paul.