DISCLOSEABLE TRANSACTION: INVESTMENT IN THE ENTRUSTED FUND AND SUPPLEMENTAL ENTRUSTED FUND AGREEMENT

DISCLOSEABLE TRANSACTION: INVESTMENT IN THE ENTRUSTED FUND AND SUPPLEMENTAL ENTRUSTED FUND AGREEMENT

DISCLOSEABLE TRANSACTION
INVESTMENT IN THE ENTRUSTED FUND AND SUPPLEMENTAL ENTRUSTED FUND AGREEMENT

Reference is made to the announcement of Topsearch International (Holdings) Limited (the “Company”) dated 18 November 2016 (the “Announcement”) in relation to, among other matters, the investment in the Entrusted Fund by the Beneficiary, an indirect wholly-owned subsidiary of the Company, pursuant to the Entrusted Fund Agreement. Capitalised terms used herein have the same meanings as those defined in the Announcement unless the context requires otherwise.

As disclosed in the Announcement, the expected term of the Entrusted Fund shall be 6 months commencing from the effective date of the Entrusted Fund Agreement.

The Board would announce that on 30 November 2016, a supplemental entrusted fund agreement was entered into between the Beneficiary and the Trustee (the “Supplemental Agreement”) pursuant to which, among other things, the expected term of the Entrusted Fund is amended to 92 days
commencing from the effective date of the Entrusted Fund Agreement with immediate effect from the date of the Supplemental Agreement, while all other terms and matters stated therein remain unchanged.

The Trustee has also entered into a separate supplemental loan agreement with the Borrower to amend the term of the Loan from 6 months to 92 days, while all other terms and matters stated in the original loan agreement remained unchanged.

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