09:46     CITIC 21CN<00241> - Announcement & Resumption of Trading (7)        

    forming part of a series of events or changes                             
    occurring or continuing before, and/or after the date                     
    of the Underwriting Agreement) of a political,                            
    military, financial, economic, currency, epidemic or                      
    other nature (whether or not sui generis with any of                      
    the foregoing or in the nature of any local, national                     
    or international outbreak or escalation of                                
    hostilities or armed conflict);                                           
                                                                              
    (iii)   any change in local, national or international                    
    equity securities or currency markets (including but                      
    without limitation, the imposition of any moratorium,                     
    suspension or material restriction on trading in                          
    securities generally on the Stock Exchange due to                         
    exceptional financial circumstances or otherwise);                        
                                                                              
    (iv)    any local, national or international outbreak                     
    or escalation of hostilities, insurrection or armed                       
    conflict;                                                                 
                                                                              
    (v)     any change or development involving a                             
    prospective change in taxation or exchange controls                       
    in Hong Kong or elsewhere which shall or may                              
    materially and adversely affect the Group or a                            
    material proportion of the shareholders in their                          
    capacity as such;                                                         
                                                                              
    (vi)    any suspension in the trading of the Shares on                    
    the Stock Exchange for a continuous period of five                        
    trading days;                                                             
                                                                              
    (vii)   any change occurs in the circumstances of the                     
    Company or any member of the Group                                        
                                                                              
    which event or events is or are in the reasonable                         
    opinion of the Underwriter:-                                              
                                                                              
    (i)     likely to have a material adverse effect on the                   
    business or financial or trading position or                              
    prospects of the Company or the Group; or                                 
                                                                              
    (ii)    likely to have a material adverse effect on the                   
    success of the Rights Issue; or                                           
                                                                              
    (iii)   so material as to make it inappropriate,                          
    inadvisable or inexpedient to proceed further with                        
    the Rights Issue,                                                         
                                                                              
    Upon the giving of notice of termination by the                           
    Underwriter, all obligations of the Underwriter under                     
    the Underwriting Agreement shall cease and no party                       
    shall have any claim against any other parties in                         
    respect of any matter or thing arising out of or in                       
    connection with the Underwriting Agreement. If the                        
    Underwriter exercises such right, the Rights Issue                        
    will not proceed.                                                         
                                                                              
    SHAREHOLDING STRUCTURE                                                    
    The following is the shareholding structure of the                        
    Company immediately before and after full exercise                        
    of the subscription rights attaching to the Warrants,                     
    assuming no Options exercisable prior to the Record                       
    Date have been exercised/converted prior to the                           
    Record Date:                                                              
                                                                              
            Upon full exercise of   Upon full exercise of                     
            the subscription        the subscription                          
            rights attaching to the rights attaching to the                   
            Warrants (assuming all  Warrants (assuming no                     
            Qualifying Shareholders Qualifying                                
    Shareholders                                                              
            have taken up the       have taken up the                         
    Existing        Warrants)       Warrants)