北京易初莲花连锁超的市有限公司.pdf

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. (Incorporated in the Cayman Islands with limited liability) (Stock Code: 00121) PROPOSED REDUCTION OF SHARE PREMIUM AND CONTINUING CONNECTED TRANSACTIONS PROPOSED REDUCTION OF SHARE PREMIUM It is proposed that the share premium account of the Company be reduced by an amount of HK$1,217,243,000 (corresponding to the amount of the unaudited consolidated accumulated losses of the Group as at 30 June 2010) with the credit arising therefrom be entirely applied to eliminate the unaudited accumulated losses of HK$201,190,000 of the Company as at 30 June 2010, and thereby creating a surplus of HK$1,016,053,000 in the retained earnings account of the Company. Such surplus will be available to offset and entirely clean up the unaudited consolidated accumulated losses of the Group as at 30 June 2010. By eliminating the accumulated losses of the Company, the Reduction of Share Premium will allow flexibility for the Company to declare dividends to the Shareholders at an earlier opportunity in the future as and when the Board considers appropriate. The Board therefore considers that the Reduction of Share Premium is in the interests of the Company and the Shareholders as a whole. PROPOSED CONTINUING CONNECTED TRANSACTIONS On 19 October 2010, the following CCT Agreements were entered into