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.

CPPm!l CHINA PUBLIC PROCUREMENT LIMITED Jftll* i*JiflR{*itj

(incorporated in Bermuda with limited liability)

(Stock code: 1094)

FURTUER UPDATE ON TUE COMPANY'S STATUS ON FULFILLMENT OF RESUMPTION CONDITIONS AND TUE PROPOSED ACQUISITION

Reference is made to (i) the announcement of the Company dated 5 July 2010 in respect of the Suspension; (ii) the Update Announcement; (iii) the Resumption Conditions Announcement; (iv) the Further Update Announcement; (v) the Engagement Announcement; (vi) the Forensic Review Completion Announcement; and (vii) the announcement of the Company dated 7 December 2012 ("December Update Announcement") in relation to the Company's progress on the fulfillment of the Resumption Conditions and the Proposed Acquisition. Unless otherwise defined, capitalised terms used in this announcement shall have the same meanings as those defined in the December Update Announcement.

As mentioned in the Resumption Conditions Announcement, the Board received a letter from the Stock Exchange on 26 Aprii 2011, in which the Stock Exchange stated the Resumption Conditions. This announcement serves as an update on the progress on the fulfillment of the Resumption Conditions and the Proposed Acquisition.

PROGRESS ON THE FULFILLMENT OF RESUMPTION CONDITIONS

Details of the work performed by the Company in relation to the fulfillment of the Resumption
Conditions were set out in the December Update Announcement. Further to such work performed,
(i) the Company is at the final stage of arranging the engagement with a certified public accountants firm in Hong Kong as the Group's auditors to fill the casual vacancy following the resignation of Messrs. Morison Heng, Certified Public Accountants; and
(ii) in respect of the Stock Exchange's comments and concerns regarding the findings and recommendations of the Forensic Review, the Company has submitted its responses to the Stock Exchange as a part of the Company's application for resumption of trading in the Shares.

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PROPOSED ACQUISITION

As stated in the December Update Announcement, on 21 November 2012, the Acquisition Agreement was entered into between a wholly-owned subsidiary of the Company as purchaser, ACME Insight Limited as vendor and an individual (being the beneficial owner of 91.4% interest of the Target) as guarantor in relation to the proposed Acquisition of 70% of the equity interest in the Target. A draft announcement in relation to the proposed Acquisition ("Acquisition Announcement") had been submitted to the Stock Exchange for pre-vetting and the Company is in the course of preparing the responses to the Stock Exchange's comments on such draft Acquisition Announcement. The Acquisition Announcement will be published by the Company in compliance with the Listing Rules as soon as practicable.

SUSPENSION OF TRADING

At the Company's request, trading in the Shares was suspended from 10:19 a.m. on 5 July 2010.

By order of the Board

CHINA PUBLIC PROCUREMENT LIMITED Chen Shulin

Joint Chairman

Hong Kong, 7 January 2013

At the date of this announcement, the Board comprises eight executive directors, namely Mr. Cheng Yuanzhong (Joint Chairman), Mr. Chen Shulin (Joint Chairman), Mr. Ho Wai Kong (Honorary Chairman), Mr. Wang Dingbo (Chief Executive), Mr. Lau Kin Shing, Charles, Mr. Li Kening, Mr. Peng Zhiyong and Mr. Peng Ru Chuan; two non-executive directors, Mr. Wang Ning and Ms. Liu Jie; and six independent non-executive directors, Mr. Wu Fred Fong, Mr. Chan Tze See, Kevin, Mr. Chen Bojie, Mr. Xu Haigen, Mr. Ying Wei and Mr. Shen Shaoji.

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