b17c25e0-e219-4837-ad35-778139d44bab.pdf CHINA TAISAN TECHNOLOGY GROUP HOLDINGS LIMITED

(Company Registration Number: 200711863D)

CHANGE IN SHAREHOLDING INTEREST

The Board of Directors (the "Board") China Taisan Technology Group Holdings Limited (the "Company") wishes to announce the following:

  1. In the Company's Annual Report for the Financial Year ended 31 December 2015 ("Annual Report"), the shareholding interests of Mr. Choi Cheung Kong ("Mr. Choi"), the Non-Executive Chairman of the Company, and Mr. Lin Wen Chang ("Mr. Lin"), the Executive Director and Chief Executive Officer of the Company, held through various nominees, were reported as 19,272,638 and 5,269,430 shares respectively.

  2. These figures include 8,530,571 and 5,269,430 shares respectively owned by Mr Choi and Mr Lin ("Collateral Shares"), which Mr Choi and Mr Lin used as collateral to obtain a loan for their personal investments in 2010.

  3. Pursuant to an agreement between Mr Choi and Mr Lin, and Zhengdaxingye Investment Holdings Ltd (正大兴业投资控股有限公司) ("Zhengda") owned and/or managed by a Mr Yeh Mao Yuan ("Mr. Yeh"), Mr Choi and Mr Lin opened accounts with Credit Agricole, and the

    Collateral Shares were deposited in their accounts in or around 2010-2011, and transferred to Zhengda's account in or around 2011-2102 with Credit Agricole as collateral to obtain a loan for their personal investments.

  4. At the time of reporting their shareholdings for the Annual Report, Mr Choi and Mr Lin understood the Collateral Shares to remain in Zhengda's account with Credit Agricole. However, in or around June 2016, Mr Choi and Mr Lin discovered that the Collateral Shares have been transferred out of Zhengda's account, and have to date not been able to trace the Collateral Shares.

  5. Mr Choi and Mr Lin are seeking legal advice on the appropriate next course of action on the matter.

The Company will update the shareholders of any material development as and when appropriate.

BY ORDER OF THE BOARD

Lin Wen Chang

Chief Executive Officer 23 June 2016

China Taisan Technology Group Holdings Ltd. published this content on 23 June 2016 and is solely responsible for the information contained herein.
Distributed by Public, unedited and unaltered, on 23 June 2016 13:46:04 UTC.

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