Response to SGX Queries::

Issuer & Securities

Issuer/ Manager
CHINA AUTO ELECTRONICS GRP LTD
Securities
CHINA AUTO ELECTRONICS GRP LTD - BMG2111L1081 - T42

Announcement Details

Announcement Title
Response to SGX Queries
Date &Time of Broadcast
11-Apr-2014 22:46:41
Status
New
Supplementary Title
On Other Announcements
Others (Please Specify)
Reply to SGX query
Announcement Reference
SG140411OTHRMODU
Submitted By (Co./ Ind. Name)
China Auto Electronics Group Ltd
Designation
Company Secretary / CFO
Effective Date and Time of the event
11/04/2014 22:46:00
Description (Please provide a detailed description of the change in the box below)
CHINA AUTO ELECTRONICS GROUP LIMITED
(Incorporated in Bermuda)
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RESPONSE TO SGX'S QUERIES ON THE ACQUISITION OF 20% MINORITY INTEREST IN SUBSIDAIRY HEBI TIANZHONG

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In response to the query from Singapore Exchange Securities Trading Limited (SGX) in their email dated 7 April 2014, the Board of Directors of the Company wishes to clarify that the Sales and Purchase Agreement that was signed on 16 March 2014 stipulated that the necessary authority and approval from both the Buyer and Seller respectively must be obtained before the transaction may be completed. This was done on 22 March 2014. Hence the announcement of the transaction was made on 23 March 2014, and the Listing Rule 704(17) has been complied.

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11 April 2014

Company Secretary
Cheong How Onn