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THIS CIRCULAR IS IMPORTANT AND REQUIRES YOUR IMMEDIATE ATTENTION If you are in any doubt as to any aspect of this circular, the Share Repurchase or the Whitewash Waiver or as to the action you should take, you should consult your licensed securities dealer or registered institution in securities, bank manager, solicitor, professional accountant or other professional adviser. If you have sold or transferred all your shares in Far East Consortium International Limited, you should at once hand this circular and the accompanying form of proxy to the purchaser or transferee or to the bank, licensed securities dealer, registered institution in securities or other agent through whom the sale or transfer was effected for transmission to the purchaser or transferee. Hong Kong Exchanges and Clearing Limited and The Stock Exchange of Hong Kong Limited take no responsibility for the contents of this circular, 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 circular. This circular is for information purpose only and does not constitute an invitation or offer to acquire, purchase or subscribe for the Shares or other securities in the Company. FAR EAST CONSORTIUM INTERNATIONAL LIMITED (Incorporated in the Cayman Islands with limited liability) Website: http://www.fecil.com.hk (Stock code: 35) (1) PROPOSED OFF-MARKET SHARE REPURCHASE AND CONNECTED TRANSACTION; AND (2) APPLICATION FOR WHITEWASH WAIVER Financial adviser to Far East Consortium International Limited SOMERLEY LIMITED Independent Financial Adviser to the Independent Board Committee and the Disinterested Shareholders A letter of recommendation from the Independent Board Committee to the Disinterested Shareholders and a letter of advice from Investec to the Independent Board Committee and the Disinterested Shareholders regarding the Share Repurchase Agreement and the Whitewash Waiver are set out on page 14 and pages 15 to 27 of this circular respectively. A notice convening the EGM to be held at Xinhua Room, Mezzanine Floor, Cosmopolitan Hotel, 387–397 Queen’s Road East, Wanchai, Hong Kong on Friday, 20 July 2012 at 11:30 a.m. or immediately after the conclusion of the extraordinary general meeting of the Company to be held on the same day at 11:00 a.m. (details of which are set out in the circular issued by the Company dated 26 June 2012), is set out on pages EGM-1 to EGM-2 of this circular. Whether or not you will be able to attend the EGM, please complete the enclosed form of proxy in accordance with the instructions printed thereon and return the same to the Company’s Hong Kong share registrar, Tricor Standard Limited at 26th Floor, Tesbury Centre, 28 Queen’s Road East, Wanchai, Hong Kong as soon as possible and in any event not later than 48 hours before the time appointed for holding the EGM or any adjourned meeting thereof. Completion and return of the form of proxy will not preclude you from attending and voting in person at the EGM or any adjourned meeting (as the case may be) should you so wish. 27 June 2012 CONTENTS Page Defi nitions . 1 Letter from the Board . 4 Letter from the Independent Board Committee . 14 Letter from Investec . 15 Appendix I — Financial information of the Group . I-1 Appendix II — Pro forma fi nancial information of the Group. II-1 Appendix III — Valuation reports of the Group (A) Properties located in Hong Kong, the PRC, Australia (other than those held by the Care Park Group) and the UK. III-A-1 (B) Properties located in Malaysia. III-B-1 (C) Properties located in Singapore. III-C-1 (D) Properties located in Australia (held by the Care Park Group) . III-D-1 Appendix IV — General information . IV-1 Notice of the EGM . EGM-1 — i — DEFINITIONS In this circular, the following expressions have the following meanings unless the context otherwise requires:- “A$” Australian dollar(s), the lawful currency of Australia “acting in concert” has the meaning ascribed to it under the Takeovers Code “Announcement” the announcement of the Company dated 16 April 2012 in relation to the Share Repurchase and the Whitewash Waiver “Board” the board of Directors “Care Park Group” Care Park Group Pty Ltd, a non-wholly owned subsidiary of the Group, and its subsidiaries “Chiu Family” Tan Sri Dato’ David Chiu and his family members including, amongst others, Mr. Dennis Chiu and Mr. Daniel Tat Jung Chiu, all being Directors “Companies Law” Companies Law, Cap. 22 (Law 3 of 1961, as consolidated and revised) of the Cayman Islands “Company” Far East Consortium International Limited (stock code: 35), a company incorporated in the Cayman Islands with limited liability whose shares are listed on the Main Board of the Stock Exchange “Completion” completion of the Share Repurchase in accordance with the terms and conditions of the Share Repurchase Agreement “Director(s)” the director(s) of the Company “Disinterested Shareholders” Shareholders other than (i) Sumptuous, Penta and their respective concert parties; and (ii) Shareholders who are interested or involved in the Share Repurchase and the Whitewash Waiver “EGM” the extraordinary general meeting to be convened by the Company and held on Friday, 20 July 2012 at 11:30 a.m. or immediately after the conclusion of the extraordinary general meeting of the Company to be held on the same day at 11:00 a.m. (details of which are set out in the circular issued by the Company dated 26 June 2012), for the purpose of approving the Share Repurchase Agreement and the transactions contemplated therein, including the Share Repurchase and the Whitewash Waiver “Executive” the Executive Director of the Corporate Finance Division of the Securities and Futures Commission or any of his delegates “Group” the Company and its subsidiaries “HK$” Hong Kong dollar(s), the lawful currency of Hong Kong — 1 — DEFINITIONS “Hong Kong” the Hong Kong Special Administrative Region of the People’s Republic of China “Independent Board Committee” a committee of the Board comprising all of the three independent non-executive Directors, namely Messrs. Kwok Wai Chan, Peter Man Kong Wong and Kwong Siu Lam, established for the purpose of advising and giving recommendation to the Disinterested Shareholders on the Share Repurchase and the Whitewash Waiver “Investec” Investec Capital Asia Limited, the independent fi nancial adviser to the Independent Board Committee and the Disinterested Shareholders regarding the Share Repurchase Agreement and the Whitewash Waiver, and a corporation licensed under the SFO to conduct Type 1 (dealing in securities), Type 4 (advising on securities), Type 6 (advising on corporate fi nance) and Type 9 (asset management) regulated activities under the SFO “KHI” Kosmopolito Hotels International Limited (stock code: 2266), a non-wholly subsidiary of the Company, the shares of which are listed on the Main Board of the Stock Exchange “Last Trading Day” 16 April 2012, being the date of the Announcement “Latest Practicable Date” 25 June 2012, being the latest practicable date for ascertaining certain information contained in this circular “Listing Rules” the Rules Governing the Listing of Securities on the Stock Exchange “Penta” Penta Investment Advisers Limited, a company incorporated under the laws of the British Virgin Islands “Relevant Period” the period beginning six months prior to the date of the Announcement and ending on the Latest Practicable Date “Repurchase Code” the Hong Kong Code on Share Repurchases “Repurchase Price” the proposed repurchase price of HK$1.23 per Repurchase Share “Repurchase Share(s)” 230,000,000 Share(s) owned by funds and managed accounts to which Penta is the investment adviser and to be transferred to the Company at Completion for cancellation pursuant to the terms of the Share Repurchase Agreement “SFO” the Securities and Futures Ordinance (Chapter 571 of the Laws of Hong Kong), as amended, supplemented or otherwise modifi ed from time to time — 2 — DEFINITIONS “Share(s)” ordinary share(s) of HK$0.10 each in the share capital of the Company “Shareholder(s)” holder(s) of the Shares “Share Repurchase” the proposed repurchase and cancellation of the Repurchase Shares by the Company from Penta under the Share Repurchase Agreement, which constitutes an off-market share repurchase by the Company pursuant to Rule 2 of the Repurchase Code “Share Repurchase Agreement” the agreement dated 16 April 2012 entered into between the Company and Penta in relation to the Share Repurchase “Stock Exchange” The Stock Exchange of Hong Kong Limited “Substantial Shareholder” has the meaning ascribed to it under the Listing Rules “Sumptuous” Sumptuous Assets Limited, a company incorporated in the British Virgin Islands and wholly-owned by Tan Sri Dato’ David Chiu, the sole director of which is Tan Sri Dato’ David Chiu “Sumptuous Concert Group” Sumptuous and parties acting in concert with it, including Tan Sri Dato’ David Chiu, Mr. Dennis Chiu and Mr. Daniel Tat Jung Chiu all of whom are Directors but excluding Penta for the purpose of this circular “Takeovers Code” the Hong Kong Code on Takeovers and Mergers “UK” the United Kingdom “Whitewash Waiver” a waiver of the obligation of Sumptuous to make a mandatory offer for all the issued Shares not already owned or agreed to be acquired by the Sumptuous Concert Group which may otherwise arise as a result of the Share Repurchase, application for which will be made to the Executive pursuant to Note 1 to the Notes on Dispensations from Rule 26 of the Takeovers Code “%” per cent. For illustration purposes only, exchange rate of A$1.00 = HK$7.8 has been adopted. No representation is made that any amount in such currency could have been or could be converted at the above rate or at any other rate.