09:42     MIDLAND REALTY<01200>-Announcement&Resumption of Trading (1)        

    The Stock Exchange of Hong Kong Limited takes no                          
    responsibility for the contents of this announcement,                     
    makes no representation as to its accuracy or                             
    completeness and expressly disclaims any liability                        
    whatsoever for any loss howsoever arising from or in                      
    reliance upon the whole or any part of the contents                       
    of this announcement.                                                     
                                                                              
    MIDLAND REALTY (HOLDINGS) LIMITED                                         
    (Incorporated in Bermuda with limited liability)                          
    Stock code: 1200                                                          
                                                                              
    EVI Education Asia Limited                                                
    *                                                                         
    (Incorporated in the Cayman Islands with limited                          
    liability)                                                                
    Stock code: 8090                                                          
                                                                              
    (1) PROPOSED SUBSCRIPTION OF                                              
    4,300,000,000 NEW SHARES OF                                               
    EVI EDUCATION ASIA LIMITED                                                
    BY MIDLAND REALTY (HOLDINGS) LIMITED                                      
                                                                              
    (2) APPLICATION FOR WHITEWASH WAIVER                                      
    FROM THE OBLIGATION TO MAKE A MANDATORY GENERAL OFFER                     
    TO ACQUIRE SHARES IN EVI EDUCATION ASIA LIMITED                           
    NOT ALREADY OWNED OR AGREED TO BE ACQUIRED                                
    BY MIDLAND REALTY (HOLDINGS) LIMITED                                      
    AND PARTIES ACTING IN CONCERT WITH IT                                     
                                                                              
    (3) RESUMPTION OF TRADING                                                 
                                                                              
    FINANCIAL ADVISER TO MIDLAND REALTY (HOLDINGS)                            
    LIMITED                                                                   
                                                                              
    ACCESS CAPITAL                                                            
                                                                              
    FINANCIAL ADVISER TO EVI EDUCATION ASIA LIMITED                           
                                                                              
    SOMERLEY LIMITED                                                          
                                                                              
    INDEPENDENT FINANCIAL ADVISER TO                                          
    THE INDEPENDENT BOARD COMMITTEE AND INDEPENDENT                           
    SHAREHOLDERS OF                                                           
    EVI EDUCATION ASIA LIMITED                                                
                                                                              
    AMS Corporate Finance Limited                                             
                                                                              
    1.      THE SUBSCRIPTION                                                  
    1.1     Introduction                                                      
    Pursuant to the Subscription Agreement, the                               
    Subscriber, an indirect wholly-owned subsidiary of                        
    Midland, has conditionally agreed to subscribe for                        
    4,300,000,000 new EVI Shares at the subscription                          
    price of HK$0.025 per EVI Share.                                          
                                                                              
    The 4,300,000,000 new EVI Shares represent (i)                            
    approximately 107.50% of the issued share capital of                      
    EVI as at the date of this announcement, or (ii)                          
    approximately 51.81% of the issued share capital of                       
    EVI as enlarged by the Subscription.                                      
                                                                              
    Immediately upon completion of the Subscription                           
    Agreement, the shareholding in EVI of the Subscriber                      
    will increase from 0% to approximately 51.81%.                            
                                                                              
    1.2     Relationship among the parties                                    
    To the best of the Midland Directors' knowledge,                          
    information and belief, and after having made all                         
    reasonable enquiry, EVI is an independent third party                     
    to Midland, is not a connected person of Midland and                      
    is not connected to the directors, chief