Yingde Gases : Disclosure of Dealings under Rule 22 of the Takeovers Code

3 April 2017

Voluntary general offer Disclosure of dealings in the shares of Yingde Gases Group Company Limited

The Executive received the following disclosure of securities dealings pursuant to Rule 22 of the Hong Kong Code on Takeovers and Mergers:

Party	Date	Description of relevant securities	Description of products	Nature of dealings	Number of reference securities to which the derivatives relate	Maturity date / closing out date	Reference price	Total amount paid / received	Resultant balance (including those of any person with whom there is an agreement or understanding)
Morgan Stanley & Co., International plc	31 March 2017	Derivatives	Other types of products	Unsolicited client facilitation - Sale	1,500	17 May 2018	$6.0200	$9,030.0000	0
		Derivatives	Other types of products	Unsolicited client facilitation - Purchase	12,480	24 December 2018	$5.9966	$74,837.5680	0

End

Note:

Morgan Stanley & Co., International plc is an exempt principal trader connected with the Offeree company. Dealings were made for its own account.

Morgan Stanley & Co., International plc is ultimately owned by Morgan Stanley.