Regarding its proposed acquisition of Haney Holdings Limited from Peter Wang Xiaoping at HK$410 million, Sino Dragon New Energy Holdings (00395.HK) said that a third supplemental agreement has been signed to amend certain terms and conditions of the share transfer agreement.

Pursuant to the third supplemental agreement, the parties agreed to further extend the payment of the cash consideration of HK$130 million from 30 days after the completion date to a date no later than 29 February 2012, with the first instalment to be paid within 10 business days from the date of the third supplemental agreement. The parties shall agree on the amount of the first instalment at the time of payment.