DYNAMICHOLDINGSLIMITED达力集团有限公司.PDF

Hong Kong Exchanges and Clearing Limited and The Stock Exchange of Hong Kong Limited take no responsibility for the contents of this announcement, make no representation as to its accuracy or completeness and expressly disclaim any liability whatsoever for any loss howsoever arising from or in reliance upon the whole or any part of the contents of this announcement. DYNAMIC HOLDINGS LIMITED (Incorporated in Bermuda with limited liability) (Stock Code: 029) UPDATE ON ARBITRAL PROCEEDINGS The Board wishes to provide an update to the shareholders of the Company regarding the latest development of the 2009 Arbitral Proceedings since the interim report of the Company for the six months ended 31 December 2009. The board of directors (the “Board”) of Dynamic Holdings Limited (the “Company”, together with its subsidiaries, the “Group”) would like to provide an update on the arbitral award (the “2009 Arbitral Award”) in relation to the international arbitral proceedings (the “2009 Arbitral Proceedings”) lodged in 2009 by Dynamic (B.V.I.) Limited () (“Dynamic BVI”, a wholly-owned subsidiary of the Company), petitioning, mainly, for (Shenzhen Marine Group Company Limited) (“SMC”) as the Chinese joint venture partner of Shenzhen Zhen Wah Harbour Enterprises Ltd ( ) (“Zhen Wah”) to continue to fulfill its obligations under a shareholders’ agreement entered into between Dynamic BVI and SMC on 20 December 1996 in relation to Zhen Wah (the “Shareholders’ Agreement”) which was awarded in 2008 under a previous international arbitral proceedings (the “2008 Arbitral Award”) as legally valid and effective. Zhen Wah, a jointly controlled entity of the Company as at the date of this announcement, entitles to land use right of a piece of lan