Ying Li International Real Estate - DETAILS OF THE SHARE SUBSCRIPTION

Issue Price

The issue price of S$0.260 (the "Issue Price") of each of the Subscription Shares represents a discount of approximately 10.0% to the volume weighted average price (the "VWAP") of S$0.2888 for trades done on the ordinary shares of the Company (the "Shares") on Main Board of the SGX-ST on 24 June 2014 (being the full market day on which Shares were traded prior to the date of the Share Subscription Agreement).



The Company will raise gross proceeds of S$99,060,000 from the Share Subscription.

The Issue Price was commercially agreed between the Company and the Subscriber, after taking into consideration, inter alia, the historical trading prices and volume of the Shares on the Main Board of the SGX-ST. The Company is seeking the specific approval of shareholders of the Company (the "Shareholders") for the issuance of the Subscription Shares, the Convertible Securities and the Conversion Shares as it does not intend to utilise the General Mandate (as defined in Section 10 below).



Subscription Shares
 The Subscription Shares represent in aggregate approximately 17.5% of the existing issued share capital of the Company comprising 2,175,585,804 Shares as at the date of this announcement and will represent approximately 14.9% of the enlarged issued share capital of the Company comprising 2,556,585,804 Shares on completion of the Share Subscription.
 The Subscription Shares when issued and delivered shall be free from all charges, liens and other encumbrances and shall rank in all respects pari passu

with the Shares

existing at the date of issue of the Subscription Shares, save that they shall not rank for any dividends, rights, allotments or other distributions, the record date for which falls on or before to the date of issue of the Subscription Shares. For the avoidance of doubt, as at the date of this Announcement, the Company has not declared any dividends, rights, allotments or other distributions, the record date for which falls on or before the date of issue of the Subscription Shares.


http://yingligj.listedcompany.com/newsroom/20140630_072922_5DM_OYM2BIMYTKK62HKP.1.pdf