HUAXI HOLDINGS COMPANY LIMITED 華禧控股有限公司 (Incorporated in the Cayman Islands with Limited Liability) (Stock Code: 01689)

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HUAXI HOLDINGS COMPANY LIMITED 華禧控股有限公司 (Incorporated in the Cayman Islands with Limited Liability) (Stock Code: 01689) 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. HUAXI HOLDINGS COMPANY LIMITED 華禧控股有限公司 (Incorporated in the Cayman Islands with limited liability) (Stock Code: 01689) VOLUNTARY ANNOUNCEMENT ENTERING INTO CO-OPERATION FRAMEWORK AGREEMENT Huaxi Holdings Company Limited (the “Company”, together with its subsidiaries collectively the “Group”) hereby makes a voluntary announcement. Reference is made to the announcement of the Company dated 2 December 2014 (the “Announcement”). Unless defined otherwise, capitalised terms contained herein shall have the same meanings as defined in the Announcement. The Board of the Company is pleased to announce that the procedures with respect to the incorporation of a wholly foreign-owned Company, Huazhang Biotechnology (Shanghai) Company Limited (“Huazhang Shanghai”) by Huazhang Investments Company Limited (“Huazhang HK”) in Shanghai, have been completed. Huazhang Shanghai have funded to commission Yangtze Delta Region Institute of Tsinghua University, Zhejiang to take the study and research on the varieties of rice and wheat specialised for the cure of diabetes as well as the integrated research on the seedling cultivation and planting technology and the research on the products of related functions. Huazhang HK has entered into a Framework Agreement with the People’s Government of Heihe City, Heilongjiang Province and the Biotechnology and Pharmaceutical Research of Yangtze Delta Region Institute of Tsinghua University, Zhejiang, regarding the construction of the economic zone of the functional food products at Heihe along Heilong Jiang (the “Framework Agreement”). Pursuant to the Framework Agreement, Huazhang HK will establish a cultivation base of over 3,000 mu (畝) within the three regions in Sunwu County, Xunke County and Aihui District of Heihe in 2015, and it is expected the scale of cultivation will reach 800,000 mu (畝) in 2020. Those plots of land are located at high latitude, where it –1– is extremely cold. Supported by the agricultural and biological conditions, including the clean water resources, abundant minerals content and the pollution-free soil conditions along Heilong Jiang, the plots of land are suitable to establish a base to cultivate and produce paddy with high-resistant starch content and other functional food products and to undertake the research for producing functional food products which are suitable for diabetes patients to consume with the special physical processing technology of Yangtze Delta Region Institute of Tsinghua University. The Board is of the view that the Framework Agreement is entered into under normal commercial terms which are fair and reasonable, and are in the interest of the Company and its Shareholders as a whole. If there is updated information, the Company will make a further announcement when appropriate in accordance with the applicable Listing Rules. Shareholders and potential investors of the Company are advised to exercise caution when dealing in the Shares of the Company. By order of the Board Huaxi Holdings Company Limited Zheng Andy Yi Sheng Chairman Hong Kong, 29 December 2014 As at the date of this announcement, the Board comprises Mr. Zheng Andy Yi Sheng and Mr. Zheng Minsheng as executive Directors; and Mr. Ma Wenming, Mr. Lau Kwok Hung and Mr. Fok Po Tin as independent non-executive Directors. –2–.
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