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CHINA ORIENTAL GROUP COMPANY LIMITED 中國東方集團控股有限公司*
(incorporated in Bermuda with limited liability)
(Stock code：581)
VOLUNTARY ANNOUNCEMENT
REGARDING LITIGATION
This announcement is made by China Oriental Group Company Limited (the "Company") on a voluntary basis.
References are made to the announcements of the Company dated 27 January 2017, 19 May 2017 and 29 May 2017 and the annual report of the Company for the year ended 31 December 2017 in relation to, among other things, the completion of placing of the shares of the Company on 27 January 2017 (the "Placing"), restoration of public float, the potential litigation from ArcelorMittal Holdings AG against the directors of the Company (the "Directors") (other than Mr. Ondra OTRADOVEC), and the originating summons (the "Summons") filed by ArcelorMittal and ArcelorMittal Holdings AG as plaintiffs (collectively, the "Plaintiffs") under an action number HCMP 1163 of 2017 in the Court of First Instance of the High Court of Hong Kong Special Administrative Region (the "Court") against the Company and the Directors (other than Mr. Ondra OTRADOVEC) (collectively, the "Defendants").
Pursuant to the Summons, the Plaintiffs applied to the Court for an order pursuant to section 740 of the Companies Ordinance (Chapter 622 of the Laws of Hong Kong) that the Defendants disclose and allow inspection of certain documents relating to the Placing (the "Plaintiffs' Application"). The hearing in relation to the Plaintiffs' Application was held on 14 March 2018.
The Company hereby announces that on 14 September 2018, the Court dismissed the Plaintiffs' Application and handed down the judgment, in which the Court found that the Plaintiffs' Application to be without merits. Therefore, the Company is not required to disclose and allow inspection of documents specified in the Plaintiffs' Application. Furthermore, the Court made a cost order nisi that the Plaintiffs shall pay the costs of the Defendants in relation to the Plaintiffs' Application forthwith.
By order of the Board
China Oriental Group Company Limited
HAN Jingyuan
Chairman and Chief Executive Officer
Hong Kong, 17 September 2018
As at the date of this announcement, the Board of Directors of the Company comprises Mr. HAN Jingyuan, Mr. ZHU Jun, Mr. SHEN Xiaoling, Mr. ZHU Hao and Mr. HAN Li being the Executive Directors, Mr.
Ondra OTRADOVEC being the Non-executive Director and Mr. WONG Man Chung, Francis, Mr. WANG Tianyi and Mr. WANG Bing being the Independent Non-executive Directors.
This announcement is published on the websites of the Company (www.chinaorientalgroup.com) and The Stock Exchange of Hong Kong Limited (www.hkexnews.hk).
*For identification purposes only