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

BackMar 29, 2012
Part I
1. Date of notice to issuer 29/03/2012
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 29/03/2012
2. Name of Registered Holder DBS Vickers Securities (Singapore) Pte Ltd
3. Circumstance(s) giving rise to the interest or change in interest # Others

Acquisition by Wangbang Joint Investment Pte Ltd. (the "Offeror") of 9,008,785 issued shares of Wanxiang ("Shares") pursuant to the exercise by the Offeror of its right of compulsory acquisition under Section 215(1) of the Companies Act.

Wande Joint Investment Pte Ltd ("WDJI") holds approximately 63.32% of the entire issued share capital of the Offeror and LCN in turn holds approximately 50.43% of the entire issued share capital of WDJI. Accordingly, LCN is deemed to be interested in the Shares held by the Offeror 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 306,106,913
As a percentage of issued share capital 97.14 %
No. of Shares which are subject of this notice 9,008,785
As a percentage of issued share capital 2.86 %
Amount of consideration (excluding brokerage and stamp duties) per share paid or received 0.20
No. of Shares held after the change 315,115,698
As a percentage of issued share capital 100 %
Part III
1. Date of change of Interest 29/03/2012
2. The change in the percentage level From 97.14 % To 100 %
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 0 306,106,913
As a percentage of issued share capital 0 % 97.14 %
No. of shares held after the change 0 315,115,698
As a percentage of issued share capital 0 % 100 %
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).