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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.
CHTC FONG’S INDUSTRIES COMPANY LIMITED
(Incorporated in Bermuda with limited liability)
(Stock Code: 641)
CONNECTED TRANSACTION
SALE OF EQUIPMENT
’
On 10 July 2017, Monforts Fong s Zhongshan, an indirect wholly-owned subsidiary of the
Company, entered into the Sales Contract with CHTC Jiahua, pursuant to which Monforts
’
Fong s Zhongshan agreed to sell and CHTC Jiahua agreed to purchase the Equipment.
Being a non-wholly owned subsidiary of the Parent Company, CHTC Jiahua is a connected
person of the Company for the purpose of the Listing Rules. Accordingly, the transaction
contemplated under the Sales Contract constitutes a connected transaction of the Company
under Chapter 14A of the Listing Rules.
In accordance with Rules 14.22 and 14A.81 of the Listing Rules, a series of transactions
and connected transactions will be aggregated and treated as if they were one transaction
if they were all entered into or completed within a 12-month period or were otherwise
related. Reference is made to (i) the announcement of the Company dated 12 December
2016 in relation to the sales of certain dyeing and finishing machines by FNES (
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