China Mandarin Holdings (HKG:0009) announced that as at 4:00 p.m. on 19 June 2012, being the latest acceptance date, 13 valid acceptances of offer shares were received for an aggregate of 158.873 million offer shares, representing 46.28% of the total number of 343.318 million offer shares offered under the open offer. The underwriter has taken up the offer shares not subscribed for. Such underwritten shares represent 53.72% of the total number of the offer shares.

According to the terms and conditions of the convertible bond, the conversion price of the convertible bond has been adjusted from the initial conversion price of HK$0.345 per conversion share to HK$3.45 per conversion share following completion of the capital reorganisation, and then to HK$2.425 per conversion share as a result of the open offer.