Dapai International Holdings (formerly "China Zaino")

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#40
RECEIPT OF WRIT OF SUMMONS

The Company wishes to inform shareholders that a writ of summons from Proton Investment
(Asia) Limited ("Plaintiff") has been served on it, naming the Company and its Executive
Chairman, Chen Xizhong ("Mr Chen"), as the first and second defendants, respectively.

Under the writ of summons, the Plaintiff alleges the Company and Mr Chen are obliged to repurchase
47,250,000 shares in the Company from the Plaintiff at S$0.30 each (amounting to an
aggregate S$14,175,000), arising from the Company not proceeding with its proposed dual
listing on The Stock Exchange of Hong Kong Limited.

The Company is discussing its response with its legal advisers and intends to contest the claim
vigorously.

The Company will keep shareholders updated of any material updates, as applicable.

By Order of the Board

Chen Xizhong
Executive Chairman
23 November 2011

http://info.sgx.com/webcoranncatth.nsf/V...100293AF4/$file/Dapai_ReceiptofWritofsummons.pdf?openelement
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RE: Dapai International Holdings (Formerly "China Zaino") - by Nick - 23-11-2011, 06:19 PM

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