Kingboard : JOINT ANNOUNCEMENT - CONTINUING CONNECTED TRANSACTIONS WITH THE HALLGAIN GROUP

October 25, 2019 at 04:52 pm

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.

KINGBOARD	KINGBOARD LAMINATES
HOLDINGS LIMITED	HOLDINGS LIMITED

建滔集團有限公司	建滔積層板控股有限公司
(Incorporated in the Cayman Islands	(Incorporated in the Cayman Islands
with limited liability)	with limited liability)
(Stock Code: 148)	(Stock Code: 1888)

JOINT ANNOUNCEMENT

CONTINUING CONNECTED TRANSACTIONS WITH

THE HALLGAIN GROUP

BACKGROUND

Reference is made to the joint announcement of KBH and KBL dated 26 October 2016 and the circular of KBL dated 21 November 2016 in relation to the Existing Continuing Connected Transaction Agreements. The annual caps under the Existing Continuing Connected Transaction Agreements will expire on 31 December 2019. Hallgain and, as the case may be, KBH and KBL entered into the New Continuing Connected Transaction Agreements and set out the Proposed Annual Caps thereof for the three years commencing on 1 January 2020 and ending on 31 December 2022 as more particularly described in this announcement.

KBH

As at the date of this announcement, Hallgain owns approximately 39.03% of the issued share capital of KBH and is therefore a connected person of KBH. KBH, directly or indirectly, owns approximately 68.96% of the issued share capital of KBL and therefore KBL is a non-wholly owned subsidiary of KBH. Accordingly, the transactions contemplated under the New Continuing Connected Transaction Agreements constitute continuing connected transactions of KBH under Chapter 14A of the Listing Rules.

- 1 -

As the highest applicable ratio (under Chapter 14A of the Listing Rules) of the aggregate amount on an annual basis under the New KBH Purchase Framework Agreement and New KBL Purchase Framework Agreement for each of the three years ending 31 December 2020, 2021 and 2022 exceeds 0.1% but is lower than 5%, the transactions contemplated under the New KBH Purchase Framework Agreement and New KBL Purchase Framework Agreement are subject to compliance with the annual review, reporting and announcement requirements by KBH under Chapter 14A of the Listing Rules but exempted from the circular and the independent shareholders' approval requirements.

As the highest applicable percentage ratio (under Chapter 14A of the Listing Rules) of the amount on an annual basis under the New KBL Supply Framework Agreement for each of the three years ending 31 December 2020, 2021 and 2022 exceeds 0.1% but is lower than 5%, the transactions contemplated under the New KBL Supply Framework Agreement are subject to compliance with the annual review, reporting and announcement requirements by KBH under Chapter 14A of the Listing Rules but exempted from the circular and the independent shareholders' approval requirements.

KBL

Hallgain is also regarded as a connected person of KBL. Accordingly, the transactions contemplated under the New KBL Supply Framework Agreement and the New KBL Purchase Framework Agreement constitute continuing connected transactions of KBL under Chapter 14A of the Listing Rules.

As the highest applicable percentage ratio (under Chapter 14A of the Listing Rules) of the amount on an annual basis under the New KBL Supply Framework Agreement for each of the three years ending 31 December 2020, 2021 and 2022 exceeds 0.1% but is lower than 5%, the transactions contemplated under the New KBL Supply Framework Agreement are subject to compliance with the annual review, reporting and announcement requirements by KBL under Chapter 14A of the Listing Rules but exempted from the circular and the independent shareholders' approval requirements.

As the highest applicable percentage ratio (under Chapter 14A of the Listing Rules) of the amount on an annual basis under the New KBL Purchase Framework Agreement for each of the three years ending 31 December 2020, 2021 and 2022 exceeds 0.1% but is lower than 5%, the transactions contemplated under the New KBL Purchase Framework Agreement are subject to compliance with the annual review, reporting and announcement requirements by KBL under Chapter 14A of the Listing Rules but exempted from the circular and the independent shareholders' approval requirements.

- 2 -

BACKGROUND

NEW KBH PURCHASE FRAMEWORK AGREEMENT

Background

On 25 October 2019, KBH entered into a purchase framework agreement with Hallgain (the "New KBH Purchase Framework Agreement") in relation to the purchase of certain materials for the production of PCBs such as copper balls and drill bits from the Hallgain Group by the KBH Group. Details of the New KBH Purchase Framework Agreement are set out below:

Date:	25 October 2019
Parties:	(1)	Hallgain
	(2)	KBH
Nature of transaction:	Pursuant to the New KBH Purchase Framework Agreement,
	the KBH Group agrees to purchase certain materials for the
	production of PCBs such as copper balls and drill bits from
	the Hallgain Group.
	The amount of materials to be purchased is not fixed but is
	to be determined and agreed between the parties from time
	to time. The KBH Group will not be obligated to purchase
	a minimum amount of materials from the Hallgain Group
	and the Hallgain Group will not be obligated to sell any set
	quantity of materials to the KBH Group during the term of
	the New KBH Purchase Framework Agreement.
	The actual quantity, specification and price (with reference
	to the prevailing market price) of materials such as copper
	balls and drill bits under the New KBH Purchase Framework
	Agreement will be subject to the individual orders placed by
	the KBH Group with the Hallgain Group.
Term:	Three years from 1 January 2020 to 31 December 2022, both
	days inclusive.

- 3 -

Consideration:	The price at which the materials are to be purchased will be
	at a price which is not less favourable to the KBH Group
	than the price at which the KBH Group purchases, or would
	be able to purchase similar materials from independent third
	parties having regard to the quantity and other conditions of
	the purchase. To facilitate the KBH Group in determining
	the prevailing market price, the KBH Group will consider
	the prices offered by independent third party suppliers of
	similar materials (based on similar amount and similar
	specifications). In particular, where appropriate, the relevant
	purchasing department of the KBH Group will obtain
	quotations from different suppliers (both the Hallgain Group
	and the independent third party suppliers) and monitor the
	movement of market price from time to time.
	The Hallgain Group will grant a credit period of 60 days to
	the KBH Group. The consideration will be settled in cash.

Historical figures, Existing Annual Caps and Proposed Annual Caps

The table below sets out the historical figures and the Existing Annual Caps under the Existing KBH Purchase Framework Agreement and the Proposed Annual Caps under the New KBH Purchase Framework Agreement.

Year ending

Year ended

Year ending

31 December

31 December 2017

31 December 2018

31 December 2019

Estimated

2020

2021

2022

Actual

amount

(up to

Annual

Actual

Annual

Actual

Annual

30 September 31 December

Proposed

cap

amount

cap

amount

cap

2019)

annual cap

(HKD'000)

(Note)

(HKD'000)

520,000

493,118

572,000

565,709

629,000

415,749

554,332

610,000

640,000

672,000

Note: This is an estimated figure by straight-line multiplication from the actual purchase during the nine months ended 30 September 2019.

The Proposed Annual Caps under the New KBH Purchase Framework Agreement were determined with reference to the internal projection of the purchases having regard to (i) the historical amount of purchase of materials for the production of PCBs such as copper balls and drill bits by the KBH Group from the Hallgain Group; (ii) the anticipated growth in demand of such materials; (iii) the anticipated increase in market price of such materials; and (iv) inflation. The Proposed Annual Caps for the New KBH Purchase Framework Agreement for the years ending 31 December 2020, 2021 and 2022 are calculated based on: (i) for the year ending 31 December 2020, the estimated annualized amount in 2019 with an annual growth rate of 10%; and (ii) for the years ending 31 December 2021 and 2022, an annual growth rate of 5%. The KBH Directors (including the INEDs of KBH) are of the view that the Proposed Annual Caps under the New KBH Purchase Framework Agreement are fair and reasonable.

- 4 -

NEW KBL SUPPLY FRAMEWORK AGREEMENT

Background

On 25 October 2019, KBL entered into a supply framework agreement with Hallgain (the "New KBL Supply Framework Agreement") in relation to the supply of copper and laminates by the KBL Group to the Hallgain Group. Details of the New KBL Supply Framework Agreement are set out below:

Date:	25 October 2019
Parties:	(1)	Hallgain
	(2)	KBL
Nature of transaction:	Pursuant to the New KBL Supply Framework Agreement,
	the KBL Group agrees to supply copper and laminates to the
	Hallgain Group.
	The amount of copper and laminates to be supplied is not
	fixed but is to be determined and agreed between the parties
	from time to time. The KBL Group will not be obligated to
	supply a minimum amount of copper and laminates to the
	Hallgain Group and the Hallgain Group will not be obligated
	to purchase any set quantity of copper and laminates from
	the KBL Group during the term of the New KBL Supply
	Framework Agreement.
	The actual quantity, specification and price (with reference
	to the prevailing market price) of the copper and laminates
	under the New KBL Supply Framework Agreement will be
	subject to the individual orders placed by the Hallgain Group
	with the KBL Group.
Term:	Three years from 1 January 2020 to 31 December 2022, both
	days inclusive.
Consideration:	The price at which the materials are to be supplied will be at
	a price which is not more favourable to the Hallgain Group
	than the price at which the KBL Group sells similar products
	to independent third parties having regard to the quantity
	and other conditions of the sale. To facilitate the KBL Group

in determining the prevailing market price, the KBL Group will consider the prices offered to independent third party customers of similar products (based on similar amount and similar specifications). In particular, where appropriate, the relevant sales department of the KBL Group will compare the selling price offered to different customers (both the Hallgain Group and the independent third party customers) (based on similar amount and similar specifications) and will also monitor the movement of market price from time to time.

The KBL Group will grant a credit period of 90 days to the

Hallgain Group. The consideration will be settled in cash.

- 5 -

NEW KBL PURCHASE FRAMEWORK AGREEMENT

Background

On 25 October 2019, KBL entered into a purchase framework agreement with Hallgain (the "New KBL Purchase Framework Agreement") in relation to the purchase of certain materials for the production of laminates such as drill bits and machineries from the Hallgain Group by the KBL Group. Details of the New KBL Purchase Framework Agreement are set out below:

Date:	25 October 2019
Parties:	(1)	Hallgain
	(2)	KBL
Nature of transaction:	Pursuant to the New KBL Purchase Framework Agreement,
	the KBL Group agrees to purchase certain materials for the
	production of laminates such as drill bits and machineries
	from the Hallgain Group.
	The amount of materials to be purchased is not fixed but is
	to be determined and agreed between the parties from time
	to time. The KBL Group will not be obligated to purchase
	a minimum amount of materials from the Hallgain Group
	and the Hallgain Group will not be obligated to sell any set
	quantity of materials to the KBL Group during the term of
	the New KBL Purchase Framework Agreement.
	The actual quantity, specification and price (with reference
	to the prevailing market price) of materials such as drill bits
	and machineries under the New KBL Purchase Framework
	Agreement will be subject to the individual orders placed by
	the KBL Group with the Hallgain Group.
Term:	Three years from 1 January 2020 to 31 December 2022, both
	days inclusive.
Consideration:	The price at which the materials are to be purchased will
	be at a price which is not less favourable to the KBL Group
	than the price at which the KBL Group purchases, or would
	be able to purchase, similar materials from independent third

parties having regard to the quantity and other conditions of the purchase. To facilitate the KBL Group in determining the prevailing market price, the KBL Group will consider the prices offered by independent third party suppliers of similar materials (based on similar amount and similar specifications). In particular, where appropriate, the relevant purchasing department of the KBL Group will obtain quotations from different suppliers (both the Hallgain Group and the independent third party suppliers) and monitor the movement of market price from time to time.

The Hallgain Group will grant a credit period of 60 days to the KBL Group. The consideration will be settled in cash.

- 6 -

Historical figures, Existing Annual Caps and Proposed Annual Caps

The table below sets out the historical figures and the Existing Annual Caps and Proposed Annual Caps under each of the following agreements: (i) the Existing KBL Supply Framework Agreement and the New KBL Supply Framework Agreement; and (ii) the Existing KBL Purchase Framework Agreement and the New KBL Purchase Framework Agreement.

The Existing KBL Supply Framework Agreement and the New KBL Supply Framework Agreement

Year ended

Year ending

31 December

31 December 2017

31 December 2018

31 December 2019

2020

2021

2022

Actual

Estimated

amount

Annual

Actual

Annual

Actual

Annual

(up to

30 September 31 December

Proposed

cap

amount

cap

amount

cap

2019)

annual cap

(Note)

(HKD'000)

700,000

659,021

770,000

702,935

847,000

394,550

526,067

568,000

625,000

687,000

Note: These are estimated figures by straight-line multiplication from the actual sale during the nine months ended 30 September 2019.

The Existing KBL Purchase Framework Agreement and the New KBL Purchase Framework Agreement

Year ended

Year ending

31 December

31 December 2017

31 December 2018

31 December 2019

2020

2021

2022

Actual

Estimated

amount

Annual

Actual

Annual

Actual

Annual

(up to

30 September 31 December

Proposed

cap

amount

cap

amount

cap

2019)

annual cap

(Note)

(HKD'000)

350,000

270,285

385,000

366,706

424,000

216,119

288,159

345,000

362,000

380,000

Note: These are estimated figures by straight-line multiplication from the actual purchase during the nine months ended 30 September 2019.

- 7 -

New KBL Supply Framework Agreement

The Proposed Annual Caps under each of the New KBL Supply Framework Agreement and the New KBL Purchase Framework Agreement were determined with reference to the internal projection of the transactions to be made having regard to (i) the historical amount of supply of copper and laminates by the KBL Group to the Hallgain Group; (ii) the anticipated growth in demand of such materials; (iii) the anticipated increase in market price of such materials; and (iv) inflation.

The Proposed Annual Caps for the New KBL Supply Framework Agreement for the years ending 31 December 2020, 2021 and 2022 are calculated based on (i) for the year ending 31 December 2020, the estimated annualized amount in 2019 with an annual growth rate of 8%; and (ii) for the years ending 31 December 2021 and 2022, an annual growth rate of 10%. The KBH Directors (including the INEDs of KBH) and the KBL Directors (including the INEDs of KBL) are of the view that the Proposed Annual Caps under the New KBL Supply Framework Agreement are fair and reasonable.

New KBL Purchase Framework Agreement

The Proposed Annual Caps under the New KBL Purchase Framework Agreement were determined with reference to the internal projection of the purchases to be incurred having regard to (i) the technical advancement of the machineries provided by the Hallgain Group; (ii) the anticipated growth in demand of drill bits and machineries; (iii) the anticipated increase in production of machineries by the Hallgain Group; and (iv) inflation.

The Proposed Annual Caps for the New KBL Purchase Framework Agreement for the years ending 31 December 2020, 2021 and 2022 are calculated based on: (i) for the year ending 31 December 2020, the estimated annualized amount in 2019 with an annual growth rate of approximately 20%; (ii) for the years ending 31 December 2021 and 2022, an annual growth rate of approximately 5%. The KBH Directors and KBL Directors (including the respective INEDs of KBH and KBL) are of the view that the Proposed Annual Caps under the New KBL Purchase Framework Agreement are fair and reasonable.

REASONS FOR AND BENEFITS OF ENTERING INTO THE NEW CONTINUING CONNECTED TRANSACTION AGREEMENTS

The KBH Group is engaged in, among other things, the manufacturing and sale of PCBs, which require materials such as copper balls and drill bits as a component for its production. The KBL Group is engaged in, among other things, the manufacturing and sale of laminates and related products and the provision of drilling services of laminates, which require materials such as drill bits and specific machineries as a component for its production. The Hallgain Group is engaged in, among other things, the manufacturing and sale of copper balls, drill bits and machineries.

- 8 -

Pursuant to the New KBH Purchase Framework Agreement, the Hallgain Group shall produce and supply materials such as copper balls and drill bits to the KBH Group. In order to satisfy the demand of the KBH Group for materials such as copper balls, the Hallgain Group shall purchase copper for the production of copper balls for its sale to the KBH Group. The provision of copper and laminates by the KBL Group to the Hallgain Group under the New KBL Supply Framework Agreement not only facilitates the KBL Group to distribute and sell its copper and laminates, thereby increasing the sales and revenue of the KBL Group, it also secures a steady supply of copper and laminates to the Hallgain Group. A reliable supply of materials such as copper balls and drill bits by the Hallgain Group to the KBH Group can also facilitate the KBH Group's production of PCBs. The KBH Group and the KBL Group consider that the Hallgain Group is a reliable business co-operation partner and such co-operation is beneficial to the business of the KBH Group and the KBL Group, respectively.

The KBL Group anticipates that materials such as drill bits and machineries for the manufacture of laminates will continue to be required for the KBL Group to operate its business. Taking into account a range of factors including the reduction in transportation costs, the quality and the price of the machineries manufactured by the Hallgain Group for the production of laminates, the KBL Group considers that the purchase of materials such as drill bits and machineries under the New KBL Purchase Framework Agreement is necessary to facilitate its business plan and will improve the competitiveness and the quality of the laminates manufactured by the KBL Group.

The supply of copper and laminates and purchases of copper balls, drill bits and machineries contemplated under the respective agreements are to be of a recurrent revenue nature to be occurred on a regular and continuing basis in the ordinary and usual course of business of the KBH Group and the KBL Group, respectively. The agreements provide a framework for the supplies of copper and laminates by the KBL Group to the Hallgain Group from time to time on a non-exclusive basis and the purchase of materials such as copper balls, drill bits and machineries by the KBH Group and the KBL Group from the Hallgain Group respectively from time to time on a non-exclusive basis and regulate the future possible business relationship among the KBH Group, the KBL Group and the Hallgain Group in relation to the transactions under the agreements.

In negotiating and determining the pricing terms of each of the subject transactions under the New Continuing Connected Transaction Agreements, in order to ensure that the pricing terms are on normal commercial terms and in the interests of KBH or KBL (as the case may be) and their respective independent shareholders as a whole, the general principle is that the KBH Group and the KBL Group (as the case may be) shall consider, where appropriate, the prices offered by independent third party suppliers or to independent third party customers (as the case may be) of similar product (based on similar amount and similar specifications) in arriving at the pricing terms with the Hallgain Group after arm's length negotiations. In particular, as part of the internal control procedures, the relevant purchasing department and sales department (as the case may be) shall, where appropriate, obtain quotations from independent third party suppliers or compare prices offered to independent third party customers (as the case may be) in determining the pricing terms with the Hallgain Group from time to time.

- 9 -

In light of the above, the KBH Directors (including the INEDs of KBH) are of the view that the New Continuing Connected Transaction Agreements are on normal commercial terms and in the ordinary and usual course of business of the KBH, and are fair and reasonable and in the interests of KBH and the KBH Shareholders as a whole. The KBL Directors (including the INEDs of KBL) are of the view that each of the New KBL Supply Framework Agreement and the New KBL Purchase Agreement is on normal commercial terms and in the ordinary and usual course of business of the KBL, and are fair and reasonable and in the interests of KBL and the KBL Shareholders as a whole. The terms of the agreements were arrived at after arm's length negotiation between the relevant parties.

LISTING RULES IMPLICATIONS

KBH

As at the date of this announcement, Hallgain owns approximately 39.03% of the issued share capital of KBH and is therefore a connected person of KBH. KBH, directly or indirectly, owns approximately 68.96% of the issued share capital of KBL and therefore KBL is a non- wholly owned subsidiary of KBH. Accordingly, the transactions contemplated under the New Continuing Connected Transaction Agreements constitute continuing connected transactions of KBH under Chapter 14A of the Listing Rules.

Mr Cheung Kwok Wing, Mr Chang Wing Yiu, Mr Cheung Kwong Kwan and Mr Ho Yin Sang, each being a KBH Director who is also, as the case may be, a director and/or shareholder of Hallgain, have abstained from voting at the meeting of the board of directors of KBH approving the New Continuing Connected Transaction Agreements and the Proposed Annual Caps.

- 10 -

KBL

Hallgain is also regarded as a connected person of KBL. Accordingly, the transactions contemplated under the New KBL Purchase Framework Agreement and the New KBL Supply Framework Agreement constitute continuing connected transactions of KBL under Chapter 14A of the Listing Rules.

Mr. Cheung Kwok Wa, Mr. Cheung Kwok Keung, Mr. Cheung Kwok Ping, Mr. Lam Ka Po and Mr. Cheung Ka Ho, each being a KBL Director who is also, as the case may be, a director and/or shareholder of Hallgain, have abstained from voting at the meeting of the board of directors of KBL approving the New KBL Purchase Framework Agreement, the New KBL Supply Framework Agreement and their respective Proposed Annual Caps.

As the highest applicable percentage ratio (under Chapter 14A of the Listing Rules) of the aggregate amount on an annual basis under each of the New KBL Supply Framework Agreement for each of the three years ending 31 December 2020, 2021 and 2022 exceeds 0.1% but is lower than 5%, the transactions contemplated under the New KBL Supply Framework Agreement are subject to compliance with the annual review, reporting and announcement requirements by KBL under Chapter 14A of the Listing Rules but exempted from the circular and the independent shareholders' approval requirements.

GENERAL

The KBH Group

KBH is an investment holding company. The KBH Group is principally engaged in the manufacture and sale of, among other things, PCBs, chemicals and magnetic products, and property development and investment. To the best knowledge of the KBH Directors, Hallgain is the ultimate controlling shareholder of KBH.

The KBL Group

KBL is an investment holding company. The KBL Group is principally engaged in the manufacture and sale of laminates and related upstream component materials. To the best knowledge of the KBL Directors, Hallgain is the ultimate controlling shareholder of KBL.

The Hallgain Group

Hallgain is an investment holding company. The Hallgain Group is principally engaged in the manufacture and sale of electronic component parts, raw materials and machineries for the production of laminates and PCBs.

- 11 -

DEFINITIONS

In this announcement, unless otherwise indicated or the context otherwise requires, the following expressions shall have the following meanings:

"connected person"	has the meaning ascribed to it under the Listing Rules
"Existing Annual Caps"	the annual caps for the Existing Continuing Connected
	Transaction Agreements for the three years ending 31
	December 2019
"Existing Continuing	the Existing KBH Purchase Framework Agreement, Existing
Connected Transaction	KBL Purchase Framework Agreement and Existing KBL
Agreements"	Supply Framework Agreement
"Existing KBH Purchase	the agreement dated 26 October 2016 entered into between
Framework Agreement"	KBH and Hallgain for the purchase of certain materials for
	the production of PCBs, details of which are described in the
	joint announcement of KBH and KBL of even date
"Existing KBL Purchase	the agreement dated 26 October 2016 entered into between
Framework Agreement"	KBL and Hallgain for the purchase of certain materials for
	the production of laminates, details of which are described in
	the joint announcement of KBH and KBL of even date
"Existing KBL Supply	the agreement dated 26 October 2016 entered into between
Framework Agreement"	KBL and Hallgain for the supply of copper and laminates,
	details of which are described in the joint announcement of
	KBH and KBL of even date
"Hallgain"	Hallgain Management Limited, a company incorporated in
	the British Virgin Islands with limited liability
"Hallgain Group"	Hallgain and its subsidiaries
"HKD"	Hong Kong dollars, the lawful currency of Hong Kong
"Hong Kong"	the Hong Kong Special Administrative Region of the
	People's Republic of China
"INEDs"	the independent non-executive directors of KBH or KBL, as
	the case may be
"KBH"	Kingboard Holdings Limited (stock code: 148), a company
	incorporated in the Cayman Islands with limited liability,
	the shares of which are listed on the main board of the Stock
	Exchange

- 12 -

"KBH Director(s)"	the director(s) of KBH
"KBH Group"	KBH and its subsidiaries, excluding the KBL Group
"KBH Share(s)"	ordinary share(s) of nominal value of HKD0.10 each in the
	issued share capital of KBH
"KBH Shareholder(s)"	holder(s) of the KBH Shares
"KBL"	Kingboard Laminates Holdings Limited (stock code: 1888),
	a company incorporated in the Cayman Islands with limited
	liability, the shares of which are listed on the main board of
	the Stock Exchange
"KBL Director(s)"	the director(s) of KBL
"KBL Group"	KBL and its subsidiaries
"KBL Share(s)"	ordinary share(s) of nominal value of HKD0.10 each in the
	issued share capital of KBL
"KBL Shareholder(s)"	holder(s) of the KBL Shares
"Listing Rules"	the Rules Governing the Listing of Securities on The Stock
	Exchange of Hong Kong Limited
"New Continuing Connected	the New KBH Purchase Framework Agreement, New KBL
Transaction Agreements"	Purchase Framework Agreement and New KBL Supply
	Framework Agreement
"New KBH Purchase	the agreement dated 25 October 2019 entered into between
Framework Agreement"	KBH and Hallgain in relation to the purchase of certain
	materials for the production of PCBs such as copper balls
	and drill bits from the Hallgain Group by the KBH Group for
	a term of three years from 1 January 2020 to 31 December
	2022
"New KBL Purchase	the agreement dated 25 October 2019 entered into between
Framework Agreement"	KBL and Hallgain in relation to the purchase of certain
	materials for the production of laminates such as drill bits
	and machineries from the Hallgain Group by the KBL
	Group for a term of three years from 1 January 2020 to 31
	December 2022

- 13 -

"New KBL Supply	the agreement dated 25 October 2019 entered into between
Framework Agreement"	KBL and Hallgain in relation to the supply of copper and
	laminates by the KBL Group to the Hallgain Group for a
	term of three years from 1 January 2020 to 31 December
	2022
"PCB(s)"	acronym for printed circuit board, a flat panel composite
	with alternating layers of printed conductors and electrical
	insulation, typically interconnected by conductive holes;
	PCBs provide platforms to connect semiconductors and other
	electronic, optical or mechanical devices to form a circuit or
	functional system
"Proposed Annual Caps"	the proposed annual caps for the transactions contemplated
	under each of the New Continuing Connected Transaction
	Agreements
"Stock Exchange"	The Stock Exchange of Hong Kong Limited
"%"	per cent

By Order of the board of directors	By Order of the board of directors
Kingboard Holdings Limited	Kingboard Laminates Holdings Limited
Lo Ka Leong	Lam Ting Hin
Company Secretary	Company Secretary
Hong Kong, 25 October 2019

As at the date of this announcement, the board of directors of Kingboard Holdings Limited consists of Messrs. Cheung Kwok Wing, Chang Wing Yiu, Cheung Kwong Kwan, Ho Yin Sang, Cheung Wai Lin, Stephanie, Cheung Ka Shing and Chen Maosheng, being the executive directors and Messrs. Cheung Ming Man, Chong Kin Ki, Leung Tai Chiu and Chan Wing Kee, being the independent non-executive directors.

As at the date of this announcement, the board of directors of Kingboard Laminates Holdings Limited consists of Messrs. Cheung Kwok Wa, Cheung Kwok Keung, Cheung Kwok Ping, Lam Ka Po, Cheung Ka Ho, Liu Min and Zhou Pei Feng, being the executive directors, Mr. Lo Ka Leong, being the non-executive director, and Messrs. Leung Tai Chiu, Ip Shu Kwan, Stephen, Zhang Lu Fu and Lau Ping Cheung, Kaizer, being the independent non-executive directors.

- 14 -

Attachments

Original document
Permalink

Disclaimer

Kingboard Holdings Ltd. published this content on 25 October 2019 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 25 October 2019 15:50:06 UTC

Market Closed - Hong Kong S.E. Other stock markets 09:08:35 22/05/2024 BST			5-day change	1st Jan Change
20.6 ^HKD	-1.20%		+1.98%	+10.28%

03-19	Kingboard Laminates Reports 51% Profit Drop for 2023; Declares Dividend	MT
03-19	Kingboard Holdings Posts Lower Profit for 2023; Declares Dividend	MT

Kingboard Laminates Reports 51% Profit Drop for 2023; Declares Dividend	03-19	MT
Kingboard Holdings Posts Lower Profit for 2023; Declares Dividend	03-19	MT
Kingboard Holdings Limited Proposes Final Dividend for the Year Ended 31 December 2023, Payable on 05 July 2024	03-18	CI
Kingboard Holdings Limited Reports Earnings Results for the Full Year Ended December 31, 2023	03-18	CI
Country Garden faces heat from liquidation suit to get cracking on debt revamp talks	03-01	RE
Hong Kong Shares Drop Over Downbeat Growth Forecast	02-28	MT
Country Garden: How bad are its debt problems?	02-28	RE
Country Garden liquidation petition adds to China property woes	02-28	RE
Kingboard Laminates Warns of 55% Drop in Profit	02-19	MT
Kingboard Holdings Limited Provides Unaudited Earnings Guidance for the Year Ended 31 December 2023	02-19	CI
Country Garden's entire offshore debt to be in default if Tuesday payment not made	17/10/23	RE
Country Garden's entire offshore debt to be in default if Tuesday payment not made	17/10/23	RE
Country Garden Completes HK$270 Million Share Issue; Shares Fall 3%	05/09/23	MT
Country Garden posts record net loss of $6.7 bln in first half of 2023	30/08/23	RE
Country Garden to Issue HK$270 Million Worth of New Shares to Reduce Loan; Shares Down 3%	30/08/23	MT
Kingboard Laminates' Profit Plunges 77% in H1	28/08/23	MT
Kingboard's Profit Drops 45% in H1	28/08/23	MT
Kingboard Holdings Limited Announces Special Interim Dividend for the Six Months Ended 30 June 2023, Payable on 05 January 2024	28/08/23	CI
Kingboard Holdings Limited Announces Interim Dividend for the Six Months Ended June 30, 2023, Payable on 05 January 2024	28/08/23	CI
Kingboard Holdings Limited Reports Earnings Results for the Half Year Ended June 30, 2023	28/08/23	CI
Kingboard Warns of Up to 46% Profit Plunge in H1	15/08/23	MT
Kingboard Laminates Flags Up to 78% Decline in H1 Profit	15/08/23	MT
Kingboard Holdings Limited Provides Earnings Guidance for the Six Months Ended June 30, 2023	15/08/23	CI
China BlueChemical, Unit to Invest in Structured Deposit Products	03/08/23	MT
BEA Plans to Acquire HK$850 Million Loans from Sumitomo Mitsui Banking	20/07/23	MT

	1st Jan change	Capi.
KINGBOARD HOLDINGS LIMITED	+10.28%	2.96B
AMPHENOL CORPORATION	+36.59%	81.32B
HON HAI PRECISION INDUSTRY CO., LTD.	+58.85%	71.2B
MURATA MANUFACTURING CO., LTD	-1.25%	35.48B
LUXSHARE PRECISION INDUSTRY CO., LTD.	-7.49%	31.62B
JABIL INC.	-7.54%	14.21B
AVIC JONHON OPTRONIC TECHNOLOGY CO.,LTD.	-7.13%	10.61B
LENS TECHNOLOGY CO., LTD.	+12.88%	10.18B
BYD ELECTRONIC (INTERNATIONAL) COMPANY LIMITED	-6.97%	9.66B
COHERENT CORP.	+32.83%	8.82B

Kingboard Holdings Limited

Equities

148

KYG525621408

Electronic Equipment & Parts

Kingboard : JOINT ANNOUNCEMENT - CONTINUING CONNECTED TRANSACTIONS WITH THE HALLGAIN GROUP

Latest news about Kingboard Holdings Limited

Chart Kingboard Holdings Limited

Company Profile

Income Statement Evolution

Analysts' Consensus

Chiffre d''affaires - Rate of surprise

Sector Electronic Component