| Notice of Interest/Change in Interest | |
| * Asterisks denote mandatory information | |
| Name of Announcer * | CHINA FASHION HOLDINGS LIMITED |
| Company Registration No. | 200311696K |
| Announcement submitted on behalf of | CHINA FASHION HOLDINGS LIMITED |
| Announcement is submitted with respect to * | CHINA FASHION HOLDINGS LIMITED |
| Announcement is submitted by * | Mr. Chen Xi Jian |
| Designation * | Executive Chairman |
| Date & Time of Broacast | 23-Dec-2009 12:38:55 |
| Announcement No. | 00023 |
| Price Sensitivity | Yes |
| >> Announcement Details | |
| The details of the announcement start here ... |
| >> Part I | |
| 1. Date of notice to issuer * | 22/12/2009 |
| 2. Name of Director * | Chen Xi Jian |
| 3. Please tick one or more appropriate box(es): * | |
| - Notice of a Director's (including a director who is a substantial shareholder) Interest and Change in Interest. [Please complete Part II and IV] | |
| >> Part II | |
| 1. Date of change of Interest | 22/12/2009 |
| 2. Name of Registered Holder | (1) Chen Xi Jian (2) Chen Chun Fang |
| 3. Circumstance(s) giving rise to the interest or change in interest | # Others |
| # Please specify details | Off market sale pursuant to sale and purchase agreements dated 3 December 2009 and entered into between Noble Plan International Limited and (i) Chen Xi Jian; as well as (ii) Chen Chun Fang (collectively, the "Agreements"). Pursuant to the Agreements, (i) Noble Plan International Limited agreed to purchase, and Chen Xi Jian agreed to sell, 26,626,000 Shares; and (ii) Noble Plan International Limited agreed to purchase, and Chen Chun Fang agreed to sell, 11,990,000 Shares. The completion of the sale and purchase of the Shares was subject to certain conditions precedent under the Agreements, including all necessary consents and approvals having been obtained, as well as the sale and purchase of Shares from each of Chen Xi Jian and Chen Chun Fang being completed. Following completion of the sale and purchase of these Shares on 22 December 2009, Chen Xi Jian has ceased as a substantial shareholder of the Company. |
| 4. Information relating to shares held in the name of the Registered Holder | |
| No. of Shares held before the change | 38,616,000 |
| As a percentage of issued share capital | 29.00 % |
| No. of Shares which are subject of this notice | 38,616,000 |
| As a percentage of issued share capital | 29.00 % |
| Amount of consideration (excluding brokerage and stamp duties) per share paid or received | 0.03 |
| No. of Shares held after the change | 0 |
| As a percentage of issued share capital | |
| >> Part III | |
| 1. Date of change of [Select Option] | |
| 2. The change in the percentage level | From % to % |
| 3. Circumstance(s) giving rise to the interest or change in interest | [Select Option] |
| # Please specify details | |
| 4. A statement of whether the change in the percentage level is the result of a transaction or a series of transactions | |
| >> Part IV | ||
| 1. Holdings of Director, including direct and deemed interest: | ||
| Direct | Deemed | |
| No. of shares held before the change | 26,626,000 | 11,990,000 |
| As a percentage of issued share capital | 20.00 % | 9.00 % |
| No. of shares held after the change | 0 | 0 |
| As a percentage of issued share capital | 0 % | 0 % |
| Footnotes | The percentages are computed based on 133,160,025 issued shares as at 22 December 2009. |
