L'sea Resources Hldg : Takeovers Code - Disclosure of Dealings under Rule 22 of the Takeovers Code

aacd9eee-deb0-4beb-af12-9eec1fd33c8c.pdf

14 January 2016

Whitewash transaction

Disclosure of dealings in the shares of L'sea Resources International Holdings Limited

The Executive received the following disclosure of securities dealings pursuant to Rule 22 of the Hong Kong Code on Takeovers and Mergers:

Party	Date	Purchase / Sale	Number of shares	Price per share	Resultant balance (including those of any person with whom there is an agreement or understanding)	Percentage of class (including those of any person with whom there is an agreement or understanding)
Munsun China Opportunity Investment Fund	14 January 2016	Sale	8,234	$0.2480	0	0.0000%

End

Note:

Munsun China Opportunity Investment Fund is a Class (6) associate of the Offeror by virtue of its holdings of ordinary shares in the Offeror. Dealings were made for its own account.

Munsun China Opportunity Investment Fund is ultimately owned by Munsun Asset Management (Asia) Limited.

Munsun Assets Management (Asia) Ltd is interested in an aggregate of 569,820,000, representing 11.108% of total issued share capital of the Offeree Company.