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.

STATE ENERGY GROUP INTERNATIONAL ASSETS HOLDINGS LIMITED

國 能 集 團 國 際 資 產 控 股 有 限 公 司

(Incorporated in Bermuda with limited liability)

(Stock code: 918)

FURTHER DELAY IN DESPATCH OF CIRCULAR AND REVISED EXPECTED TIMETABLE IN RELATION TO

  1. PROPOSED CAPITAL REORGANISATION;
  1. PROPOSED CHANGE IN BOARD LOT SIZE;
  1. PROPOSED RIGHTS ISSUE ON THE BASIS OF THREE (3) RIGHTS SHARES

FOR EVERY ONE (1) ADJUSTED SHARE

HELD ON THE RECORD DATE;

(IV) CONNECTED TRANSACTION IN RELATION TO

THE UNDERWRITING AGREEMENT;

  1. APPLICATION FOR WHITEWASH WAIVER; AND (VI) NOTICE OF SPECIAL GENERAL MEETING

Reference is made to the announcements of State Energy Group International Assets Holdings Limited (the "Company", together with its subsidiaries, the "Group") dated 8 April 2021 (the "Announcement") in relation to, among other things, the Capital Reorganisation, the Change in Board Lot Size, the Rights Issue, the Placing Agreement, the Underwriting Agreement and the Whitewash Waiver and dated 28 April 2021 in relation to the delay in despatch of the Circular (the "Delay Announcement"). Capitalised terms used herein shall have the same meanings as defined in the Announcement unless the context otherwise requires.

− 1 −

FURTHER DELAY IN DESPATCH OF CIRCULAR

As disclosed in the Delay Announcement, the Circular containing, among other things, (i) further details of the Capital Reorganisation, the Change in Board Lot Size, the Rights Issue, the Placing Agreement, the Underwriting Agreement and the Whitewash Waiver; (ii) a letter of recommendation from the Independent Board Committee in respect of the Rights Issue, the Placing Agreement, the Underwriting Agreement and the Whitewash Waiver; (iii) a letter of advice from Gram Capital to the Independent Board Committee and the Independent Shareholders in the aforesaid regards; (iv) a valuation report on the Group's properties in compliance with Rule 11 of the Takeovers Code; (v) other information required under the Listing Rules and the Takeovers Code; and (vi) a notice convening the SGM, was expected to be despatched to the Shareholders by 10 May 2021.

As additional time is required for the preparation of information, including but not limited to the financial information of the Group, the valuation report in respect of the properties of the Group and the letter from Gram Capital, for inclusion in the Circular, an application has been made by the Company to seek the consent from the Executive to further extend the deadline for the despatch of the Circular to a date on or before 21 June 2021, and the Executive has indicated that it is minded to grant its consent for such extension.

REVISED EXPECTED TIMETABLE

In view of the delay in the despatch of the Circular, the expected timetable for the Capital Reorganisation, the Change in Board Lot Size and the Rights Issue, as revised, is set out below:

Event

Date and/or time

Expected despatch date of the Circular, the proxy

form and the notice of SGM . . . . . . . . . . . . . . . . . . . . . . . . . . Monday, 21 June 2021

Latest time for lodging transfer of Shares to qualify

for attendance and voting at the SGM . . . . . . . . . . . . . . . . . . . . . . . . . . . 4:30 p.m. on Tuesday, 6 July 2021

Closure of register of members of the Company for

the SGM (both days inclusive) . . . . . . . . . . . . . . . . . . . . Wednesday, 7 July 2021 to Tuesday, 13 July 2021

Latest time for lodging proxy forms for the SGM . . . . . . . . . . . . . . . . 10:00 a.m. on Sunday, 11 July 2021

Record date for attending and voting at the SGM . . . . . . . . . Tuesday, 13 July 2021

− 2 −

Expected time and date of the SGM . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 10:00 a.m. on Tuesday, 13 July 2021

Announcement of the poll results of the SGM . . . . . . . . . . . . Tuesday, 13 July 2021

Last day of dealings in the Shares on cum-rights

basis relating to the Rights Issue . . . . . . . . . . . . . . . . . . . . Wednesday, 14 July 2021

Effective date of the Capital Reorganisation . . . . . . . . . . . . . . . . . . . . . . . 9:00 a.m. on Thursday, 15 July 2021

Commencement of dealings in the Adjusted Shares . . . . . . . . . . . . . . . . . 9:00 a.m. on Thursday, 15 July 2021

Original counter for trading in the Existing Shares in board lots of 2,000 Existing Shares (in the form of existing share certificates in green colour)

temporarily closes . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 9:00 a.m. on Thursday, 15 July 2021

Temporary counter for trading in board lots of 400 Adjusted Shares (in the form of existing share

certificates in green colour) opens . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 9:00 a.m. on Thursday, 15 July 2021

First day of free exchange of existing share certificates for the Existing Shares in green colour for new share certificates in red colour for the

Adjusted Shares . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Thursday, 15 July 2021

First day of dealings in the Adjusted Shares on

ex-rights basis relating to the Rights Issue . . . . . . . . . . . . .

Thursday, 15 July 2021

Latest time for the Shareholders to lodge transfer of the Adjusted Shares in order to qualify for the

Rights Issue . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 4:30 p.m. on Friday, 16 July 2021

Closure of register of members of the Company for

the Rights Issue (both days inclusive) . . . . . . . . . . . . . . . . Monday, 19 July 2021 to Tuesday, 20 July 2021

Record date for the Rights Issue . . . . . . . . . . . . . . . . . . . . . . . . . Tuesday, 20 July 2021

Despatch of the Prospectus Documents . . . . . . . . . . . . . . . . Wednesday, 21 July 2021

− 3 −

First day of dealings in nil-paid Rights Shares . . . . . . . . . . . . . Friday, 23 July 2021

Latest time for splitting of nil-paid Rights Shares . . . . . . . . . . . . . . . . . . 4:30 p.m. on Tuesday, 27 July 2021

Designated broker starts to stand in the market to provide matching services for odd lots of the

Adjusted Shares . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 9:00 a.m. on Thursday, 29 July 2021

Original counter for trading in the Adjusted Shares in board lots of 6,000 Adjusted Shares (in the form of

new share certificates in red colour) re-opens . . . . . . . . . . . . . . . . . . . . 9:00 a.m. on Thursday, 29 July 2021

Parallel trading in the Adjusted Shares (in the form

of both existing share certificates in green colour in

board lots of 400 Adjusted Shares and new share

certificates in red colour in board lots of 6,000

Adjusted Shares) commences . . . . . . . . . . . . . . . . . . . . . . . . . .

. . . . . . . . . 9:00 a.m. on

Thursday, 29 July 2021

Last day of dealings in nil-paid Rights Shares . . . . . . . . . . . . . . Friday, 30 July 2021

Latest time for lodging transfer documents of nil-paid

Rights Shares in order to qualify for the

Compensatory Arrangements . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 4:00 p.m. on Wednesday, 4 August 2021

Latest time for acceptance of and payment for the

Rights Shares . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 4:00 p.m. on Wednesday, 4 August 2021

Announcement of the number of Unsubscribed Rights

Shares subject to the Compensatory Arrangements . . . . . . . Friday, 6 August 2021

Commencement of placing of the Unsubscribed

Rights Shares by the Placing Agent . . . . . . . . . . . . . . . . . . . Monday, 9 August 2021

Latest time of placing of the Unsubscribed Rights

Shares by the Placing Agent . . . . . . . . . . . . . . . . . . . . . . Wednesday, 11 August 2021

− 4 −

Latest time for terminating the Underwriting

Agreement and for the Rights Issue to become

unconditional . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 4:00 p.m. on Wednesday, 11 August 2021

Announcement of results of the Rights Issue (including results of the placing of the Unsubscribed Rights Shares and the amount of the Net Gain per Unsubscribed Rights Share under the

Compensatory Arrangements) . . . . . . . . . . . . . . . . . . . . . . . Tuesday, 17 August 2021

Despatch of share certificates for fully-paid Rights

Shares and completion of the Placing to take place . Wednesday, 18 August 2021

Refund cheques, if any, to be despatched (if the

Rights Issue is terminated) . . . . . . . . . . . . . . . . . . . . . . . Wednesday, 18 August 2021

Designated broker ceases to provide matching

services for odd lots of the Adjusted Shares . . . . . . . . . . . . . . . . . . . . . 4:00 p.m. on Wednesday, 18 August 2021

Temporary counter for trading in board lots of 400

Adjusted Shares (in the form of existing share

certificates in green colour) closes . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 4:10 p.m. on Wednesday, 18 August 2021

Parallel trading in Adjusted Shares (represented by both existing share certificates in green colour in board lots of 400 Adjusted Shares and new share certificates in red colour in board lots of 6,000

Adjusted Shares) ends . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 4:10 p.m. on Wednesday, 18 August 2021

Commencement of dealings in fully-paid Rights

Shares . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 9:00 a.m. on Thursday, 19 August 2021

Last day for free exchange of existing share certificates for Existing Shares in green colour for new share certificates in red colour for the Adjusted

Shares . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Friday, 20 August 2021

− 5 −

This is an excerpt of the original content. To continue reading it, access the original document here.

Attachments

  • Original document
  • Permalink

Disclaimer

State Energy Group International Assets Holdings Limited published this content on 10 May 2021 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 10 May 2021 17:23:07 UTC.