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Notice Of A Change In The Percentage Level Of A Substantial Shareholder's Interest

BackFeb 20, 2012
Part I
1. Date of notice to issuer 20/02/2012
2. Name of Substantial Shareholder Wande Joint Investment Pte Ltd. ("WDJI")
3. Notice Type Notice of a Change in the Percentage Level of a Substantial Shareholder's Interest or Cessation of Interest.
Part II - Not Required
Part III
1. Date of change of Deemed Interest 16/02/2012
2. The change in the percentage level From 95.83 % To 96.50 %
3. Circumstance(s) giving rise to the interest or change in interest # Others

Receipt of acceptances in respect of 2,105,000 ordinary shares in the issued share capital of Wanxiang ("Shares") tendered pursuant to the exit offer ("Exit Offer") by DBS Bank Ltd., for and on behalf of the Wanbang Joint Investment Pte Ltd. ("the Offeror"), to acquire all the Shares in Wanxiang other than those Shares held by Wanxiang as treasury shares and those Shares held, directly or indirectly, by the Offeror as at the date of the Exit Offer, on 16 February 2012. The Exit Offer was declared to be unconditional in all respects in accordance with its terms on 3 February 2012.

WDJI holds the entire issued share capital of the Offeror and is accordingly deemed to be interested in the Shares held by the Offeror by virtue of Section 7 of the Companies Act.
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 of a series of transactions.
Part IV
1. Holdings of Substantial Shareholder, including direct and deemed interest :
 
  Direct Deemed
No. of shares held before the change 0 301,975,725
As a percentage of issued share capital 0 % 95.83 %
No. of shares held after the change 0 304,080,725
As a percentage of issued share capital 0 % 96.50 %
Footnotes The percentages are computed based on Wanxiang's issued share capital comprising 315,115,698 shares (excluding 19,668,000 shares held by Wanxiang as treasury shares).