FUGUINIAO CO LTD Hong Kong Exchange 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.
FUGUINIAO CO., LTD.富貴鳥股份有限公司
(A joint stock company incorporated in the People's Republic of China with limited liability)
(Stock Code: 1819)
VOLUNTARY ANNOUNCEMENT INTENTION TO IMPLEMENT THE E-COMMERCE DEVELOPMENT PLAN THROUGH MERGER AND ACQUISITION
This announcement is made by the board (the "Board") of directors (the "Directors") of
Fuguiniao Co., Ltd. (the "Company") on a voluntary basis.
As stated in the voluntary announcement of the Company dated 19 January 2015, the Board of the Company decided to include e-commerce as one of its key development strategies in 2015, with a target to double or triple its online sales in two years and increase the proportion of online sales to
15% of the total sales of the Company.
The Board of the Company hereby announces that for the purpose of implementing the e-commerce development plan of the Company for 2015, the Company will adopt various measures to strengthen the expansion of the online sales network and actively seek targets for merger and acquisition in order to expedite its business development. Based on the internal intention of the Company,
cross-border e-businesses will be the targets for merger and acquisition so as to speed up the expansion of the overseas online business. The Company is currently in touch with various potential cooperation partners but has not identified any target yet. The consideration for merger and acquisition will be funded by the internal resources of the Group and debt financing.
Under the Rules Governing the Listing of Securities on The Stock Exchange of Hong Kong Limited
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(the "Listing Rules"), the proposed acquisition, if implemented, may constitute a notifiable transaction of the Company under Chapter 14 of the Listing Rules. The Company will make separate announcement in due course regarding the proposed acquisition in compliance with the Listing Rules.
Shareholders and potential investors are advised to exercise caution when dealing in the shares of the Company.By order of the Board Fuguiniao Co., Ltd. Lam Wo Ping Chairman
Hong Kong, 29 January 2015
As at the date of this announcement, the executive Directors are Mr. Lam Wo Ping, Mr. Lam Wing Ho, Mr. Lam Wo Sze, Mr. Lam Kwok Keung and Mr. Hong Huihuang; the non-executive Director is Mr. Zhai Gang; and the independent non-executive Directors are Mr. Wang Zhiqiang,
Ms. Long Xiaoning, Mr. Li Yuzhong and Ms. Chan Wah Man, Carman.
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