京富城房地产开发有限公司.pdfVIP

The Stock Exchange of Hong Kong Limited takes no responsibility for the contents of this announcement, makes no representation as to its accuracy or completeness and expressly disclaims any liability whatsoever for any loss howsoever arising from or in reliance upon the whole or any part of this announcement. (a joint stock limited company incorporated in the People’s Republic of China with limited liability) (Stock Code: 2777) CONNECTED TRANSACTION The Board announces that on 21 November 2008, a wholly owned subsidiary of the Company has entered into a sale agreement with each of Mr. Li and Mr. Zhang for the sale of two residential property units at an aggregate consideration of RMB82,740,680. As Mr. Li and Mr. Zhang are connected persons of the Company, the transaction contemplated under the Agreements constituted a connected transaction for the Company under the Listing Rules. Since the percentage ratios involved as defined in Rule 14A.10 of the Listing Rules for the transaction with Mr. Li and Mr. Zhang are more than 0.1% but less than 2.5%, the connected transaction is only subject to reporting and announcement requirements set out in Listing Rules Chapter 14A and exempt from the independent shareholders’ approval requirements. The First Agreement Date : 21 November 2008 Vendor : Beijing RF City, a wholly owned subsidiary of the Company, which principal business is property development Purchaser : Mr. Li Property sold : Unit E3, Phase IV of Beijing RF City Guangqumenwai Main Street, Chaoyang District, Beijing, PRC Consideration : RMB40,468,120 Payment terms : Full payment not lat