10:13     KAMBOAT<00318> - Announcement & Resumption (7)                      

    operations of the Company after Completion as its                         
    Chief Executive. Since the Company intends to seek                        
    business and investment opportunities for growth and                      
    expansion, should appropriate business and                                
    investment opportunities be identified such that the                      
    Directors expect that they may generate significant                       
    benefit in strengthening the operations and future                        
    development of the Group, the Directors believe that                      
    Mr. Vong's 18 years' experience that includes                             
    acquiring and managing public companies in diverse                        
    industries, including as Director and Vice Chairman                       
    of companies listed on the Stock Exchange, as well                        
    as investing in cross-border mergers and acquisitions,                    
    involving capital markets and private equity, will                        
    significantly benefit the Company in providing                            
    essential management expertise in furtherance of the                      
    operations and future development of the Company. In                      
    particular, the Directors further believe that Mr.                        
    Vong's experience and expertise well complements the                      
    experience and expertise of Mr. Wong Chi Man who, as                      
    founder of the Group, with responsibility for its                         
    corporate planning, strategic business, and product                       
    development, marketing and overall management, and                        
    with 44 years' experience in consumer food and                            
    beverage industries, is expected to continue be an                        
    Executive Director on the Board and the General                           
    Manager of the Group, and actively participate in the                     
    management and operations of the Group. Details of                        
    Mr. Vong's experience are summarised below under                          
    "Proposed Change of Board Composition".                                   
                                                                              
    Capital Beijing                                                           
    Capital Beijing is an investment holding company                          
    incorporated in the British Virgin Islands to hold                        
    its rights under the Subscription Agreement, and is                       
    100% owned by Ms. Zeng Shuying. Ms. Zeng has been a                       
    private investor for over 20 years, including                             
    investing in listed securities in Hong Kong. As a                         
    private financial investor, it is currently not                           
    expected that Capital Beijing or Ms. Zeng will be part                    
    of management of the Company.                                             
                                                                              
    The Directors confirm that the Subscribers and each                       
    of their ultimate beneficial owners are third parties                     
    independent of the Company and connected persons of                       
    the Company. Vongroup Holdings and its ultimate                           
    beneficial owner on the one hand, and Capital Beijing                     
    and its ultimate beneficial owner on the other hand,                      
    are independent of one another, are not parties to                        
    a shareholders agreement or other voting agreement,                       
    or any other agreement, arrangement, understanding                        
    or undertaking, formal or informal, express or                            
    implied, with respect to the Subscription Shares, and                     
    are not acting in concert with one another.                               
                                                                              
    4.      FUTURE INTENTIONS                                                 
    Vongroup Holdings will conduct a review of the                            
    financial position and operations of the Group with                       
    a view to broadening and expanding the businesses and                     
    operations of the Group. The Directors and the                            
    Subscribers intend that the Group will maintain its                       
    existing businesses and there is no plan to redeploy                      
    any fixed assets of the Group. In addition, new                           
    employees may be needed to be employed to help                            
    strengthen new expanded business lines of the Group,                      
    although there is no plan to change the management                        
    structure and employees of the existing businesses.                       
                                                                              
    Vongroup Holdings intends that the Subscription is                        
    a long-term investment for it and intends to work                         
    closely with existing management. It intends to                           
    evaluate the potential of expanding the existing