REPL::General Announcement::RECEIPT OF LETTER OF DEMAND

Issuer & Securities

Announcement Title: General Announcement
Date &Time of Broadcast: 15-Nov-2016 12:30:24
Status: Replacement
Announcement Sub Title: RECEIPT OF LETTER OF DEMAND
Announcement Reference: SG161109OTHR5MSK
Submitted By (Co./ Ind. Name): Remy Tan
Designation: Corporate Affairs Manager
Effective Date and Time of the event: 09/11/2016 17:00:00
Description (Please provide a detailed description of the event in the box below): The Board of Directors of China Environment Ltd (the "Company" and, together with its subsidiaries, the Group ) wishes to announce that the Company s wholly-owned subsidiary, Fujian Dongyuan Environmental Protection Co., Ltd has received a letter of demand dated 2 November 2016 ( Letter of Demand ) from Zhongxin Bank ( Lender ) claiming the repayment of RMB386,973 in overdue interest for a working capital loan.

Notice is given in the Letter of Demand that, the Bank expects the Company to repay the overdue interest within 2 weeks upon receipt of the Letter of Demand

The Company is currently reviewing the Letter of Demand with its legal advisors

The Company will keep the shareholders informed on material developments

Total size =119K