Deemed interest by virtue of Section 8(4) of the Companies Act 2016 pursuant to the Share Purchase Agreement dated 5 June 2017 between Wang-Zheng Resources Sdn Bhd, Marco-Link Sdn Bhd, Charost Limited, Zhong-Xin Construction Co. Ltd and Hegan (Malaysia) Investments Company Limited (Hegan) for the acquisition of 80,000,000 ordinary shares of Wang-Zheng Berhad (WZB).
An Ping Investments Limited's deemed interest in WZB arises by virtue of it having, as at the date of this notice, a 100% shareholding in An Ping Holdings Limited, which has a 20% direct shareholding in Hengan International Group Company Limited (based on information extracted from the Hong Kong Stock Exchange as of to date), which in turn has a 100% shareholding in Hengan Mega Jumbo Investments Limited, which in turn has a 100% shareholding in Hengan.