cef67a53-5cc8-44eb-8694-bbe34ae3cae2.pdf




25 Janumy 2016


The Board of Directors

Chiho-Tiaude Group Limited


48 Wang Lok Street

Yuen Long Industrial Estate Hong Kong


Attn.: Ms. Daisy Yu (Company Secretmy)


Dear Sirs/Madams,

TI!

China Galaxy International Securities (Hong Kong) Co., Limited.

11'a!ll[11i;kl!!183!:i',1iii;ji(l'!JJ!35 It3501-35071i!

Unit 3501-07, Cosco Tower, Grand Millennium Plaza, 183 Queen's Road Central,

ilB Tel : 3698-6888 f11._g Fax : 3698-6386 ill:website :mw,.chinastock.com.t


Re USUM Investment Group Hong Kong Limited (the "Offeror") Financial adviser to the Offeror


We, China Galm-,y International Securities (Hong Kong) Co., Limited ("China Galaxy"), refer to the composite offer and response document jointly made by Chiho-Tiande Group Limited (the "Company") and the Offeror dated 25 Janumy 2016 (the "Composite Document") issued in relation to the unconditional mandato1y general cash offers by China Galaxy on behalf of the Offeror to acquire all of the issued Shares, all outstanding Conve1tible Bonds and in exchange for cash, to cancel all outstanding Share Options of the Company (other than those already owned or agreed to be acquired by the Offeror and its Conceit Patties). Unless otherwise specified, capitalised terms used in this letter shall have the same meanings as those defined in the Composite Document.


We are a licensed corporation to carry out Type 1 (dealing in securities), Type 4 (advising on securities) and Type 6 (advising on corporate finance) regulated activities under the SFO. We hereby consent, which have not been withdrawn, to the issue of the Composite Document with the inclusion of our letter of advice or extract of our letter of advice dated 25 Janumy 2016 to the Independent Shareholders, the Conve1tible Bondholders and the Optionholders made on behalf of the Offeror and the references to our name in the form and context in which they appear respectively.


As at 22 Janumy 2016, which is the Latest Practicable Date according to the Composite Document, we did not have any shareholding in any member of the Company and its subsidiaries (the "Group") or the right (whether legally enforceable or not) to subscribe for or to nominate persons to subscribe for securities in any member of the Group, and did not have any interest, direct or indirect, in any assets which have been, since 31 December 2014 (being the date to which the latest published audited accounts of the Company were made up), acquired or disposed of by or leased to the Company.



Yours faithfully,

For and on behalf of

C ool s,'"""••(ffimg Ko•g) c,.,J.Imlkd

Elain Wong 4

Managing Director

Investment Banking

Chiho-Tiande Group Limited issued this content on 2016-01-25 and is solely responsible for the information contained herein. Distributed by Public, unedited and unaltered, on 2016-01-25 01:17:02 UTC

Original Document: http://www.chiho-tiande.com/uploadfile/1/20160125/201601250907125.pdf