HUP SOON GLOBAL CORP LTD: NOTICE OF CESSATION OF SUBSTANTIAL SHAREHOLDING

Notice of Interest/Change in Interest
* Asterisks denote mandatory information
Name of Announcer *	HUP SOON GLOBAL CORP LTD
Company Registration No.	199204815Z
Announcement submitted on behalf of	HUP SOON GLOBAL CORP LTD
Announcement is submitted with respect to *	HUP SOON GLOBAL CORP LTD
Announcement is submitted by *	Sophia Lim
Designation *	Company Secretary
Date & Time of Broacast	01-Aug-2012 19:14:51
Announcement No.	00189
Price Sensitivity	Yes

>> Announcement Details

The details of the announcement start here ...

>> Part I
1. Date of notice to issuer *	01/08/2012
2. Name of Substantial Shareholder *	HSBC Private Bank (C.I) Limited
3. Please tick one or more appropriate box(es): *
- Notice of a Change in the Percentage Level of a Substantial Shareholder's Interest or Cessation of Interest. [Please complete Part III and IV]

>> Part II
1. Date of change of [Select Option]
2. Name of Registered Holder
3. Circumstance(s) giving rise to the interest or change in interest
# Please specify details
4. Information relating to shares held in the name of the Registered Holder
No. of N.A. held before the change
As a percentage of issued share capital
No. of N.A. which are subject of this notice
As a percentage of issued share capital
Amount of consideration (excluding brokerage and stamp duties) per share paid or received
No. of N.A. held after the change
As a percentage of issued share capital

>> Part III
1. Date of change of Interest	31/07/2012
2. The change in the percentage level	From 15.61 % to 0.00 %
3. Circumstance(s) giving rise to the interest or change in interest	# Others
# Please specify details	The sale of 56,849,198 ordinary shares in the capital of Hup Soon Global Corporation Limited ("Hup Soon") (the "Sale Shares") pursuant to a sale and share purchase agreement dated 26 July 2012 entered into between Viewsmart Profits Limited ("Viewsmart") and Spei Holdings Private Limited. Completion of the sale of the Sale Shares took place on 31 July 2012. Viewsmart is 100% owned by Fung Capital Asia Fund (I) Ltd, which is 100% owned by Fung Capital Ltd, which is further 100% owned by Fung Holdings Ltd, which in turn is 100% owned by King Lun Holdings Limited. King Lun Holdings Limited is 50% owned by HSBC Trustee (C.I.) Limited, the trustee of a trust established for the benefit of the family members of Dr Victor Fung Kwok King. Accordingly, under Section 7 of the Companies Act (Chapter 50 of Singapore), each of Fung Capital Asia Fund (I) Ltd, Fung Capital Ltd, Fung Holdings Ltd, King Lun Holdings Limited and HSBC Trustee (C.I.) Limited was deemed interested in the Sale Shares held by Viewsmart. Note: HSBC Trustee (C.I.) Limited is a subsidiary of HSBC Private Bank (C.I.) Limited.
4. A statement of whether the change in the percentage level is the result of a transaction or a series of transactions	The change in the percentage level is the result ofa transaction.

>> Part IV
1. Holdings of Substantial Shareholder, including direct and deemed interest:
	Direct	Deemed
No. of shares held before the change	0	56,849,198
As a percentage of issued share capital	0 %	15.61 %
No. of shares held after the change	0	0
As a percentage of issued share capital	0 %	0 %

Footnotes

This announcement has been reviewed by Hup Soon's sponsor, CIMB Bank Berhad, Singapore Branch ("Sponsor") for compliance with the Singapore Exchange Securities Trading Limited ("SGX-ST") Listing Manual Section B: Rules of Catalist. The Sponsor has not independently verified the contents of this announcement. This announcement has not been examined or approved by the SGX-ST. The Sponsor and the SGX-ST assume no responsibility for the contents of this announcement, including the correctness of any of the statements or opinions made or reports contained in this announcement. The contact person for the Sponsor is Ms Tan Cher Ting, Director, Corporate Finance, CIMB Bank Berhad, Singapore Branch, at 50 Raffles Place, #09-01 Singapore Land Tower, Singapore 048623, Telephone: [phone].