We refer to the announcement made on 29 January 2016 in
relation to lease agreement entered between Linyi Yehua Coking Co. Ltd ("Yehua"), the
wholly-owned subsidiary of the Company and Linyi Xin Jiang Quan Metal Material
Technology Co. Ltd. (“XJQ”) for the leasing of its coking ovens #1, #2 and #3 and its
ancillary facilities ("Leasing") at Yehua.
The Board of Directors of Hua-An wishes to inform that the abovementioned lease
agreement will lapse on 31 January 2017, following which Yehua will take back all of the
said coke ovens and its ancillary facilities from XJQ with immediate effect. In this
respect, Hua-An will effectively thereafter have active business operations and
activities within its stable.
This announcement is dated 31 January 2017.
