China Outfitters Holdings (HKG:1146) announced that on 30 December 2011, the sole global coordinator on behalf of the international underwriters partially exercised the over-allotment option referred to in the prospectus requiring the company to issue and allot 25.638 million additional shares, representing 3.7% of the offer shares initially available under the global offering (before any exercise of the over-allotment option), at HK$1.64 per share, raising an additional HK$42.046 million.

Moreover, the stabilisation period in connection with the group's global offering ended on 1 January 2012. The stabilising actions undertaken during the stabilisation period were over-allocations of an aggregate of 103.734 million shares in the international placing representing 15% of the number of the offer shares initially available under the global offering before any exercise of the over-allotment option; the borrowing of an aggregate of 103.734 million shares by the stabilising manager from CEC Outfitters pursuant to the stock borrowing agreement; the purchase of a total of 78.096 million shares at HK$1.36-1.6 per share on the market, representing 11.3% of the number of the offer shares initially available under the global offering before any exercise of the over-allotment option, and the last purchase of shares made on the market during the course of the stabilisation period was on 30 December 2011 at HK$1.47 per share. These shares will be applied for the purposes of returning the borrowed shares to CEC Outfitters pursuant to the stock borrowing agreement; and the partial exercise of the over-allotment option by the sole global coordinator on behalf of the international underwriters on 30 December 2011 in respect of an aggergate of 25.638 billion shares.