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深圳市明華澳漢科技股份有限公司 Mingwah Aohan High Technology Corporation Limited* (a joint stock limited company incorporated in the People’s Republic of China) (Stock code: 8301)

DISCLOSEABLE TRANSACTION DISPOSAL OF PROPERTIES

The Board wishes to announce that in November and December 2011, Sihui Mingwah Aohan High Technology Co., Limited, a 80% owned subsidiary of the Company entered into several Agreements with the Purchaser, in relation to the sale and purchase of the Properties for a total cash consideration of RMB20,811,779.

As one of the applicable percentage ratios (as defined under the GEM Listing Rules) in respect of the Disposal exceeds 5% (but less than 25%) and all of the other applicable percentage ratios are below 5%, the Disposal constitutes a discloseable transaction for the Company under Chapter 19 of the GEM Listing Rules.

A. THE AGREEMENTS

Date:

Property I, 2 December 2011

Property II, 22 November 2011

Property III, 8 December 2011

—1— Parties:

Vendor: “Sihui Mingwah” Sihui Mingwah Aohan High Technology Co., Limited

Purchaser: Mr. Hu Li Hua (胡立華) To the best of the knowledge, information and belief of the Directors after having made all reasonable enquiry, the Purchaser and its ultimate beneficial owner(s) are independent third parties of the Company.

Properties to be disposed of:

Property I. Land and building located at 63 Sihui East Avenue, Dongcheng District, Sihui, , PRC “中國廣東 四會東城區四會大道東63號土地及樓宇”

Property II. Unit 10, 15th Floor, Fanli Building, south side of Chaowaida Street, Chaoyang District, , PRC “中 國北京市朝陽區朝外大街南側泛利大廈15樓10號單位”

Property III. Unit 1528, Ye Chou Plaza , Wuchang District, , PRC “中國武漢市武昌區業洲廣場1528號單位” Considerations:

The total considerations for the Disposal of Properties is RMB20,811,779 and breakdown of which are RMB15,000,000, RMB5,353,087 and RMB458,692 for property I, II and III respectively and were payable as follows:

Property I

(a) an initial deposit of RMB10,000,000 was paid by the Purchaser to Sihui Mingwah on 5 December 2011; and

(b) the remaining balance of RMB5,000,000 was paid by the Purchaser to Sihui Mingwah upon completion of the Disposal on 31 December 2011.

—2— Property II

(a) an initial deposit of RMB2,676,543 was paid by the Purchaser to Sihui Mingwah on 27 November 2011; and

(b) the remaining balance of RMB2,676,544 was paid by the Purchaser to Sihui Mingwah upon completion of the Disposal on 31 December 2011.

Property III

(a) an initial deposit of RMB229,346 was paid by the Purchaser to Sihui Mingwah on 13 December 2011; and

(b) the remaining balance of RMB229,346 was paid by the Purchaser to Sihui Mingwah upon completion of the Disposal on 31 December 2011.

The considerations have been arrived at after arm’s length negotiations between the parties with reference to the prevailing market value of commercial properties of similar size and age as the Properties in the same vicinity.

Completion:

The disposal of property I, II and III was completed on 31 December 2011.

B. REASONS FOR AND BENEFITS OF THE DISPOSAL

The Company and its subsidiaries (the “Group”) are principally engaged in design, development and manufacture of IC cards, magnetic cards, related equipment and application systems in the PRC.

For Property I, it had been held by the Group for self-use as factory. In view of its outdated facilities, the Directors consider that the relocation of factory will reduce the cost of production. For Property II and III, they had been held by the Group as offices, but their legal titles from the relevant government authority had not been obtained.

The Directors consider that the Disposal will provide an opportunity to realize its assets with a profit and apply the proceeds from the Disposal to repay bank loans and to provide an additional working capital for the Group.

The Directors are of the view that the Disposal is beneficial to the Company and the Shareholders as a whole and the terms of the Disposal are on normal commercial terms.

—3— The Disposal of the Property was completed on 31 December 2011, and the gain of the Disposal was approximately RMB10,736,000 which was included in the gain on disposal of property, plant and equipment amount of RMB10,762,000 under other gains and losses in the audited financial statements of the Group for the financial year ended 31 December 2011. The gain represents the difference between the consideration receivable for the Disposal and the Group’s carrying value of the Properties as at 31 December 2011 and the related expenses.

C. IMPLICATION UNDER THE GEM LISTING RULES

As one of the applicable percentage ratios (as defined under the GEM Listing Rules) in respect of the Disposal exceeds 5% (but less than 25%) and all of the other applicable percentage ratios are below 5%, the Disposal constitutes a discloseable transaction for the Company under Chapter 19 of the GEM Listing Rules.

D. DEFINITIONS

Unless otherwise specified, the following terms have the following meanings in this announcement:

“Agreements” the agreements for sale and purchase of Property I, II and III dated 2 December 2011, 22 November 2011 and 8 December 2011 respectively, entered into between the Purchaser and Vendor, in relation to the sale and purchase of the Properties

“Board” the board of Directors

“Company” Shenzhen Mingwah Aohan High Technology Corporation Ltd., a company established and registered as a joint stock company with limited liability in People’s Republic of China (PRC) and its H shares are listed on the Growth Enterprise Market (the GEM) of the Stock Exchange of Hong Kong Limited (the Stock Exchange)

“Director(s)” the director(s) of the Company

“Disposal” the disposal of the Properties by Sihui Mingwah pursuant to the terms of the Agreement

“GEM Listing the Rules Governing the Listing of Securities on the Rules” GEM

—4— “GEM” the Growth Enterprise Market of the Stock Exchange

“Group” the Company and its subsidiaries

“Independent Third any person or company and their respective ultimate Party” beneficial owner(s) which, to the best of the Directors’ knowledge, information and belief having made all reasonable enquiries, are third parties independent of the Company and its connected persons (as defined in the GEM Listing Rules)

“Property I” Land and building located at 63 Sihui East Avenue, Dongcheng District, Sihui, Guangdong, PRC “中國廣東四會東城區四會大道東63號土地及樓宇”

“Property II” Unit 10, 15th Floor, Fanli Building, south side of Chaowaida Street, Chaoyang District, Beijing, PRC “中 國北京市朝陽區朝外大街南側泛利大廈15樓10號單位”

“Property III” Unit 1528, Ye Chou Plaza , Wuchang District, Wuhan, PRC “中國武漢市武昌區業洲廣場1528號單位”

“ PRC” the People’s Republic of China

“RMB” Renminbi, the lawful currency of the PRC

“Shareholder(s)” the shareholder(s) of the Company

“Stock Exchange” the Stock Exchange of Hong Kong Limited

“Vendor” Sihui Mingwah Aohan High Technology Co., Limited , a company incorporated in PRC with contributed capital and a 80% owned subsidiary of the Company

By order of the Board Shenzhen Mingwah Aohan High Technology Corporation Limited Li Qi Ming Chairman

Shenzhen, the PRC, 4 June 2012

As at the date of this announcement, the executive Directors are Mr. Li Qi Ming, Mr. Zhu Qing Feng, Mr. Li Wen Jun and Mr. Liu Guo Fei; and the independent non-executive Directors are Mr. Gao Xiang Nong, Ms. Wang Xiao Hong and Mr. Deng Xiao Bao.

—5— This announcement, for which the Directors collectively and individually accept full responsibility, includes particulars given in compliance with the GEM Listing Rules for the purpose of giving information with regard to the Company. The Directors, having made all reasonable enquiries, confirm that to the best of their knowledge and belief the information contained in the announcement is accurate and complete in all material respects and not misleading or deceptive, and there are no other matters the omission of which would make any state herein or this announcement misleading.

This announcement will remain on the “Latest Company Announcements” page of the GEM website at www.hkgem.com for at least seven days and the Company’s website at www.mwcard.com from the day of its posting.

* For identification purpose only

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