SUNGREEN INTERNATIONAL HOLDINGS LIMITED 綠 陽 國 際 控 股 有 限 公 司

The Stock Exchange of Hong Kong Limited takes no responsibility for the contents of this announcement,makes no representation as to its accuracy or completeness and expressly disclaims any liability whatsoeverfor any loss howsoever arising from or in reliance upon the whole or any part of the contents of thisannouncement.SUNGREEN INTERNATIONAL HOLDINGS LIMITED綠 陽 國 際 控 股 有 限 公 司*(Incorporated in Bermuda with limited liability)(Stock Code: 8306)ANNOUNCEMENTThe Board is in discussion with a potential vendor, who is a third party independent of the Companyand connected persons (as defined in the Listing Rules) of the Company, for the possible acquisitionby the Group in relation to a possible acquisition of a mining business in the PRC. For the avoidanceof doubt, the mining business is another new mining business different from that as announced in theannouncement of the Company dated 14 January 2008.The Board wishes to emphasise that as at the date hereof, no binding agreement has yet been enteredinto in relation to the possible acquisition, although the parties are finalising the terms of the possibleacquisition and it is expected that formal agreement regarding the possible acquisition will be enteredinto shortly. The possible acquisition, if materialised, will constitute a notifiable transaction underChapter 19 of the Listing Rules. Further announcement(s) will be made by the Company in compliancewith the Listing Rules upon the entering of any formal agreement regarding the possible acquisition.The potential acquisition disclosed herein may or may not proceed. Shareholders of the Companyand potential investors are advised to take caution in dealing the Shares of the Company.At the request of the Company, trading in the Shares of the Company has been suspended with effectfrom 2:30 p.m., 17 January 2008 and will continue to be suspended pending the release of furtherannouncement of the Company regarding the possible acquisition.This announcement is made at the request of The Stock Exchange of Hong Kong Limited (the “StockExchange”) pursuant to Rule 17.10 of the Rules Governing the Listing of Securities on the GrowthEnterprise Market of the Stock Exchange (the “Listing Rules”).* for identification purpose only– 1 –

The board (the “Board”) of directors (the “Directors”) of Sungreen International Holdings Limited (the“Company”, together with its subsidiaries as the “Group”) has noted the recent fluctuations in the priceof the shares (the “Shares”) of the Company and wish to state that, save as disclosed in this announcementand the announcement of the Company dated 14 January 2008, it is not aware of any reasons for suchfluctuations in the price of the Shares.The Board is in discussion with a potential vendor, who is a third party independent of the Company andconnected persons (as defined in the Listing Rules) of the Company, for the acquisition by the Group inrelation to a possible acquisition of a mining business in the PRC. For the avoidance of doubt, the miningbusiness is another mining business different from that as announced in the announcement of the Companydated 14 January 2008.The Board wishes to emphasise that as at the date hereof, no binding agreement has yet been entered intoin relation to the possible acquisition, although the parties are finalising the terms of the possibleacquisition and it is expected that formal agreement regarding the possible acquisition will be enteredinto shortly. The possible acquisition, if materialised, will constitute a notifiable transaction under Chapter19 of the Listing Rules. Further announcement(s) will be made by the Company in compliance with theListing Rules upon the entering of any formal agreement regarding the possible acquisition.The potential acquisition disclosed herein may or may not proceed. Shareholders of the Companyand potential investors are advised to take caution in dealing the Shares of the Company.Save as disclosed herein and in the announcement of the Company dated 14 January 2008, the Directorsconfirm that there are no negotiations or agreements relating to intended acquisitions or realisationswhich are discloseable under Chapters 19 and 20 of the Listing Rules, neither is the Board aware of anymatter discloseable under the general obligation imposed by Rule 17.10 of the Listing Rules, which is ormay be of a price-sensitive nature.At the request of the Company, trading in the Shares of the Company has been suspended with effectfrom 2:30 p.m., 17 January 2008 and will continue to be suspended pending the release of furtherannouncement of the Company regarding the possible acquisition.Made by the order of the Board, the Directors collectively and individually accept responsibility for theaccuracy of this announcement.Xi’an City, Shaanxi ProvinceThe People’s Republic of China, 18 January 2008By order of the BoardSungreen International Holdings LimitedZhuo Ze FanChairman– 2 –

As at the date of this announcement, executive directors of the Company are Mr. Zhuo Ze Fan andMs. Xie Yi Ping and the independent non-executive directors are Mr. Zhao Shou Guo, Mr. Ng Tang andMr. Yue Kwai Wa, Ken.This announcement, for which the Directors collectively and individually accept full responsibility, includesparticulars given in compliance with the Listing Rules for the purpose of giving information with regardto the Company. The Directors, having made all reasonable enquiries, confirm that, to the best of theirknowledge and belief: (1) the information contained in this announcement is accurate and complete in allmaterial respects and not misleading; (2) there are no other matters the omission of which would makeany statement in this announcement misleading; and (3) all opinions expressed in this announcementhave been arrived at after due and careful consideration and are founded on bases and assumptions thatare fair and reasonable.This announcement will remain on the pages of “Latest Company Announcements” on the GEM websiteat http://www.hkgem.com for at least 7 days from the date of its posting.– 3 –