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Notice Of A Director's (Including A Director Who Is A Substantial Shareholder) Interest And Change In Interest

BackFeb 20, 2012
Part I
1. Date of notice to issuer 20/02/2012
2. Name of Director Li Chunnan ("LCN")
3. Notice Type Notice of a Director's (including a director who is a substantial shareholder) Interest and Change in Interest.
Notice of a Change in the Percentage Level of a Substantial Shareholder's Interest or Cessation of Interest.
Part II
1. Date of change of Interest 16/02/2012
2. Name of Registered Holder Wanbang Joint Investment Pte Ltd. ("WBJI")
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 WBJI, 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 WBJI 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.

Wande Joint Investment Pte Ltd ("WDJI") holds the entire issued share capital of WBJI and LCN in turn is the sole shareholder of WDJI. Accordingly, LCN is deemed to be interested in the Shares held by WBJI by virtue of Section 7 of the Companies Act.
4. Information relating to shares held in the name of the Registered Holder
 
No. of Shares held before the change 301,975,725
As a percentage of issued share capital 95.83 %
No. of Shares which are subject of this notice 2,105,000
As a percentage of issued share capital 0.67 %
Amount of consideration (excluding brokerage and stamp duties) per share paid or received 0.20
No. of Shares held after the change 304,080,725
As a percentage of issued share capital 96.5 %
Part III
1. Date of change of 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

Please refer to Part II, Section 3 of this notice.
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 Director, 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).