Listing of Wang On Properties Limited

April 2016

Wang On Group Limited (01222) span off its existing property development and investment business by way of a separate listing of Wang On Properties Limited (1243) on the Main Board of the Stock Exchange on 12 April 2016 through an offer of 380 million new shares at an offer price of HK$0.92 per share. The aggregate net proceeds, after deducting fees and expenses, amounted to approximately HK$310.8 million dollars. The newly listed company focuses on the development of residential and Ginza-style commercial properties for sale, as well as investment in properties. We are one of the firms advising the company on the listing.

Photograph: (from left to right): Mr. Tommy Chung (partner of our property department), Mr. Walter Lee (partner of our litigation and dispute resolution department), Mr. Tang Ching Ho, JP (co-founder and director of Wang On Group Limited), Ms. Yau Yuk Yin (Mrs. Tang, co-founder and director of Wang On Group Limited), Ms. Brenda Lee (our firm's managing partner and head of litigation and dispute resolution department), Ms. Emily Chick (partner of our intellectual property department).

Photograph: (from left to right): Mr. Tommy Chung (partner of our property department), Ms. Brenda Lee (our firm's managing partner and head of litigation and dispute resolution department), Mr. Gary Wong (CEO and executive director of Wang On Properties Limited), Ms. Emily Chick (partner of our intellectual property department), Mr. Walter Lee (partner of our litigation and dispute resolution department).