Response to SGX Queries::

Issuer & Securities

Issuer/ Manager
QINGMEI GROUP HOLDINGS LIMITED
Securities
QINGMEI GROUP HOLDINGS LIMITED - KYG730441022 - KT9
Stapled Security
No

Announcement Details

Announcement Title
Response to SGX Queries
Date &Time of Broadcast
18-Aug-2015 18:53:39
Status
New
Supplementary Title
On Other Announcements
Others (Please Specify)
SGX Query on Trading Suspension
Announcement Reference
SG150818OTHRQUNN
Submitted By (Co./ Ind. Name)
Lorraine Chay
Designation
Vice President
Description (Please provide a detailed description of the change in the box below)
Please provide further information on the following in an announcement to be released via SGXNET.

We note the Company's announcement on 17 Aug 2015 requesting for suspension of trading. The Company states that it has made the request for suspension on the basis of Rule 1018(1) of the Listing Manual of SGX-ST which states that if the assets of an issuer consist wholly or substantially of cash or short-dated securities, its securities will normally be suspended. The Board will take steps to consider all possibilities to eventually effect the lifting of the suspension.

Pursuant to Rule 1018(1), the Exchange may allow continued trading in a cash company s securities on a case-by-case basis subject to the provision of contractual undertakings from the issuer's directors, controlling shareholders, chief executive officer and their associates to observe a moratorium on the transfer or disposal of all their interests, direct and indirect, in the securities of the issuer. The moratorium should be up to and including the completion date of the acquisition of a business which is able to satisfy the Exchange s requirements for a new listing.

Please provide the Board's confirmation that the Company will take steps towards satisfying the above Rule 1018(1) for the purpose of resuming trading in its securities. In the announcement providing the Board's confirmation, the Company should provide details of the basis on how this will be fulfilled by the Company in due course.

DISCLAIMER: This announcement was prepared and issued by the named Issuer/ Manager to the Exchange. The Exchange assumes no responsibility for the correctness of any of the statements made, opinions expressed or reports contained in this announcement and is posting this announcement on SGXNet for the sole purpose of dissemination only. In the event of any queries or clarification required in respect of any matters arising from this announcement, such queries are to be made to the named Issuer/ Manager directly and not to the Exchange. The Exchange shall not be liable for any losses or damages howsoever arising as a result of the circulation, publication and dissemination of this announcement.