By 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.
Summit Ascent Holdings Limited(incorporated in Bermuda with limited liability)
(Stock code: 102)
ANNOUNCEMENT
This announcement is made by Summit Ascent Holdings Limited (the "Company") pursuant to Rules 13.09(2) and 13.10(1) of the Rules Governing the Listing of Securities on The Stock Exchange of Hong Kong Limited and Part XIVA of the Securities and Futures Ordinance.
The Company notes the recent increase in the price and trading volume of its shares. The Company announces that it is considering the possibility of raising additional equity capital by way of an offer to shareholders of the Company, on a pro rata basis, of rights to subscribe for new shares to be issued by the Company, possibly by way of an open offer with an entitlement ratio of 3 new shares for every 10 shares held by qualifying shareholders. Further announcement(s) will be made in relation to this matter as and when appropriate.
Trading of the Company's shares on The Stock Exchange of Hong Kong Limited (the "Stock Exchange") was halted with effect from 3:04 p.m. on 23 January 2013, pending the release of this announcement. Application has been made to the Stock Exchange for the resumption of trading of the Company's shares, with effect from 9:00 a.m. on 24
January 2013.
By Order of the Board of Summit Ascent Holdings Limited Wang, John Peter Ben
Chairman and Executive Director
Hong Kong, 23 January 2013
1
As at the date of this announcement, the Board comprises one Executive Director, namely Mr. Wang, John Peter Ben (Chairman) and three Independent Non-executive Directors, namely Mr. Tsui Yiu Wa, Alec, Mr. Pang Hing Chung, Alfred and Dr. Tyen
Kan Hee, Anthony.
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