荣山国际有限公司.pdf

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 whatsoever for any loss howsoever arising from or in reliance upon the whole or any part of the contents of this announcement. WING SHAN INTERNATIONAL LIMITED (Incorporated in Hong Kong with limited liability) (Stock Code: 570) PROPOSAL FOR THE REDUCTION OF SHARE PREMIUM ACCOUNT Summary The Board announces its intention to put forward the proposal for the Reduction of Share Premium Account to the Shareholders for approval. As at 31 December 2006, the amount standing to the credit of the Share Premium Account was approximately HK$1,041,726,000 as shown in the audited financial statements of the Company for the year ended 31 December 2006 and the Accumulated Losses of the Company as at 31 December 2006 was HK$837,876,000. It is proposed that the amount standing to the credit of the Share Premium Account be reduced by the sum of HK$837,876,000 or such amount representing the Updated Accumulated Losses and the same amount of credit arising from such reduction be applied towards the elimination of the Accumulated Losses or as the case may be, the Updated Accumulated Losses, subject to such conditions as the Court may impose. A circular containing further details of the Reduction of Share Premium Account and a notice convening the EGM will be despatched to the Shareholders on or about 17 August 2007. REDUCTION OF SHARE PREMIUM ACCOUNT PROPOSAL The Board is putting forward the proposal for the Re