Interested Person Transaction::BAREBOAT CHARTER AGREEMENT

Issuer & Securities

Issuer/ Manager
OUHUA ENERGY HOLDINGS LIMITED
Securities
OUHUA ENERGY HOLDINGS LIMITED - BMG6843Q1033 - AJ2

Announcement Details

Announcement Title
Interested Person Transaction
Date &Time of Broadcast
16-May-2014 18:41:24
Status
New
Announcement Sub Title
BAREBOAT CHARTER AGREEMENT
Announcement Reference
SG140516OTHR2H27
Submitted By (Co./ Ind. Name)
LIANG GUO ZHAN
Designation
EXECUTIVE CHAIRMAN
Description (Please provide a detailed description of the event in the box below)
Please refer to the attachment.

Additional Details

Interested Person Details
Chaozhou Huafeng (Group) Incorporation Ltd is jointly owned by Chaozhou Huafeng (Group) Ltd and its union (a body representing the employees), as well as associates of Mr Liang Guo Zhan, with a shareholding of 94.4%, 3.5% and 2.1% respectively.

Mr Liang Guo Zhan, who is the executive chairman of the Board and chief executive officer of Ouhua Energy Holdings Limited (the "Company"), owns 79% of Chaozhou Huafeng (Group) Ltd, while Ms Wang Hua Zhu, the substantial shareholder and mother of Mr Liang Guo Zhan, and Guo Shao Kai, owns 20% and 1.0% of Chaozhou Huafeng (Group) Ltd respectively.

In view of the above and pursuant to Chapter 9 of the SGX-ST Listing Manual (the "Listing Manual"), Chaozhou Huafeng (Group) Incorporation Ltd is an associate of the Company's directors and chief executive officer. In this regard, the Charter Agreement between Chaozhou Ouhua Energy Co., Ltd, the wholly-owned subsidiary of the Company, and Chaozhou Huafeng (Group) Incorporation Ltd will be deemed as an interested person transaction as defined under Chapter 9 of the Listing Manual.

Attachments