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

BackFeb 21, 2012
Part I
1. Date of notice to issuer 21/02/2012
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 Interest 20/02/2012
2. The change in the percentage level From 96.50 % To 97.14 %
3. Circumstance(s) giving rise to the interest or change in interest # Others

Receipt of acceptances in respect of 2,026,188 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, in the period from 17 February 2012 to 20 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 0 304,080,725
As a percentage of issued share capital 0 % 96.50 %
No. of shares held after the change 0 306,106,913
As a percentage of issued share capital 0 % 97.14 %
Footnotes The percentage 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).