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Easyknit : Joint Announcement - DISCLOSEABLE TRANSACTION - GRANT OF A LOAN BY THE EE GROUP

May 26, 2015

(5,352) LISTING RULES IMPLICATIONS Easyknit International is an investment holding company which holds approximately 40.96% interests in Easyknit Enterprises. Easyknit International is principally engaged in property investments, property development, garment sourcing and export businesses, investment in securities and loan financing. As the relevant Percentage Ratio for the grant of the Loan under Rule 14.06 of the Listing Rules exceeds 5% but is less than 25%, the grant of the Loan by the Easyknit Enterprises constitutes a discloseable transaction for both Easyknit Enterprises and Easyknit International. 3 DEFINITIONS In this announcement, unless the context otherwise requires, the following expressions have the following meanings: "Borrower" Fast Upgrade Limited, a company incorporated in the BVI with limited liability, which is beneficially and solely owned by the Guarantor "BVI" the British Virgin Islands "Drawdown Date" the date on which the Loan is drawn down "Easyknit Enterprises" Easyknit Enterprises Holdings Limited, an exempted company incorporated in Bermuda with limited liability, the shares of which are listed on the main board of the Stock Exchange "Easyknit International" Easyknit International Holdings Limited, an exempted company incorporated in Bermuda with limited liability, the shares of which are listed on the main board of the Stock Exchange "EE Board" the board of EE Directors "EE Directors" the directors of Easyknit Enterprises "EE Group" Easyknit Enterprises and its subsidiaries "EI Board" the board of EI Directors "EI Directors" the directors of Easyknit International "Facility Letter" the facility letter 26 May 2015 entered into between the Lender and the Borrower "Guarantor" Mr. CHEN Haining, the owner of the Borrower and an Independent Third Party, and the guarantor under the Personal Guarantee "HK$" Hong Kong dollars, the lawful currency of Hong Kong "Hong Kong" the Hong Kong Special Administrative Region of the PRC "Independent Third Party(ies)" person which, to the best knowledge and belief of the EE Directors and EI Directors having made all reasonable enquiries, is/are third parties independent of and not connected with Easyknit Enterprises and Easyknit International and their respective connected persons (as that term is defined in the Listing Rules) "Lender" Cherry Sky Investments Limited, a direct wholly-owned subsidiary of Easyknit Enterprises incorporated in the BVI "Listing Rules" the Rules Governing the Listing of Securities on the Stock Exchange 4 "Loan" the loan in the amount of up to HK$70,000,000 granted by the Lender to the Borrower subject to and upon the terms of the Facility Letter "Percentage Ratio(s)" percentage ratio(s) as set out in Rule 14.07 of the Listing Rules to be applied for determining the classification of a transaction "Personal Guarantee" a guarantee provided by the Guarantor in favour of Easyknit Enterprises to guarantee the due performance of the Borrower under the Facility Letter "PRC" the People's Republic of China "Share Charge" the share charge by the Chargor in favour of the Lender by way of an equitable charge over 8,381,202 ordinary shares of HK$0.20 each in the issued share capital of TeleEye legally and beneficially owned by the Chargor, representing 59.49% of the issued share capital of TeleEye as security for due performance of the Borrower under the Facility Letter "Stock Exchange" The Stock Exchange of Hong Kong Limited "TeleEye" TeleEye Holdings Limited, a company incorporated in the Cayman Islands with limited liability, the shares of which are listed on the GEM board of the Stock Exchange (stock code: 8051) "%" per cent By Order of the EE Board EASYKNIT ENTERPRISES HOLDINGS LIMITED Kwong Jimmy Cheung Tim Chairman and Chief Executive Officer By Order of the EI Board EASYKNIT INTERNATIONAL HOLDINGS LIMITED Kwong Jimmy Cheung Tim President and Chief Executive Officer Hong Kong, 26 May 2015 As at the date hereof, the board of EE Directors comprises Mr. Kwong Jimmy Cheung Tim, Ms. Lui Yuk Chu and Ms. Koon Ho Yan Candy as executive directors; Mr. Tse Wing Chiu Ricky and Mr. Lai Law Kau as non-executive directors; and Mr. Kan Ka Hon, Mr. Lau Sin Ming and Mr. Foo Tak Ching as independent non-executive directors. As at the date hereof, the board of EI Directors comprises Mr. Kwong Jimmy Cheung Tim, Ms. Lui Yuk Chu and Ms. Koon Ho Yan Candy as executive directors; Mr. Tse Wing Chiu Ricky and Mr. Lai Law Kau as non-executive directors; and Mr. Tsui Chun Kong, Mr. Jong Koon Sang and Mr. Hon Tam Chun as independent non-executive directors. 5

Easyknit Enterprises Holdings Investments

1 Investments

Easyknit Enterprises Holdings has made 1 investments. Their latest investment was in Caspian Networks as part of their Series C on December 12, 2000.

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Easyknit Enterprises Holdings Investments Activity

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