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16 September 2011 To the Shareholders Dear Sir or Madam ...

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Confirmation of financial resources<br />

As at <strong>the</strong> Latest Practicable Date, Deutsche Bank, <strong>the</strong> financial adviser to <strong>the</strong> Offer<strong>or</strong> in respect of <strong>the</strong><br />

Offer, is satisfied that sufficient financial resources are available to <strong>the</strong> Offer<strong>or</strong> to satisfy full acceptance<br />

of <strong>the</strong> Offer.<br />

Comparison with market price<br />

The Offer Price of HK$78.70 per Share represents:<br />

<br />

<br />

<br />

<br />

<br />

a premium of approximately <strong>16</strong>3.21% over <strong>the</strong> closing price of HK$29.90 per<br />

Share as quoted on <strong>the</strong> Stock Exchange on <strong>the</strong> Last Trading Day;<br />

a premium of approximately <strong>16</strong>9.43% over <strong>the</strong> average of <strong>the</strong> closing prices as quoted on <strong>the</strong><br />

Stock Exchange f<strong>or</strong> <strong>the</strong> 5 trading days up to and including <strong>the</strong> Last<br />

Trading Day of HK$29.21 per Share; a premium of approximately <strong>16</strong>9.57% over <strong>the</strong> average of<br />

<strong>the</strong> closing prices as quoted on <strong>the</strong> Stock Exchange f<strong>or</strong> <strong>the</strong> 10 trading days up to and including<br />

<strong>the</strong><br />

Last Trading Day of HK$29.20 per Share; a premium of approximately 174.52% over <strong>the</strong><br />

average of <strong>the</strong> closing prices as quoted on <strong>the</strong> Stock Exchange f<strong>or</strong> <strong>the</strong> 30 trading days up to<br />

and including <strong>the</strong><br />

Last Trading Day of HK$28.67 per Share; and a premium of approximately 9.00% over <strong>the</strong><br />

closing price of HK$ 72.20 per Share, as quoted on <strong>the</strong> Stock Exchange on <strong>the</strong> Latest<br />

Practicable Date.<br />

Sch I-10(c)<br />

Highest and lowest Share prices<br />

The highest and lowest closing prices per Share as quoted on <strong>the</strong> Stock Exchange during <strong>the</strong> Relevant<br />

Period were HK$73.00 per Share on 12 <strong>September</strong> <strong>2011</strong> and HK$ 22.00 per Share on 1 April <strong>2011</strong>.<br />

Conditions of <strong>the</strong> Offer<br />

The Offer will be conditional on <strong>the</strong> satisfaction of <strong>the</strong> following Conditions:<br />

Sch I-8<br />

(i)<br />

valid acceptances of <strong>the</strong> Offer being received (and not, where permitted, withdrawn) by 4:00 p.m.<br />

on <strong>the</strong> First Closing Date (<strong>or</strong> such later time <strong>or</strong> date as <strong>the</strong> Offer<strong>or</strong> may, subject to <strong>the</strong> rules of <strong>the</strong><br />

Takeovers Code, decide) in respect of such number of Shares which would result in <strong>the</strong> Offer<strong>or</strong><br />

holding at least 90% of <strong>the</strong> voting rights in <strong>the</strong> Company and 90% of <strong>the</strong> disinterested shares as<br />

referred to under Rule 2.11 of <strong>the</strong> Takeovers Code;<br />

(ii) <strong>the</strong> Ancillary Transactions and <strong>the</strong> KC Transaction having been approved by <strong>the</strong> Remaining<br />

<strong>Shareholders</strong> and <strong>the</strong> Executive’s consent under Rule 25 of <strong>the</strong> Takeovers Code in relation to <strong>the</strong><br />

Ancillary Transactions and <strong>the</strong> KC Transaction having been obtained;

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