Prince Frog (HKG:1259) has been informed by Jinlin Investment Company Limited, an offshore company wholly-owned by Xie Jinling (a director of Prince Frog), that Jinlin Investment transferred 49.5 million shares of Prince Frog to an offshore company wholly-owned by Xie's daughter on 26 January 2012.

After such transfer, the shares held by Jinlin Investment in Prince Frog were reduced from 29.31% to approximately 24.40%.