Trading in the securities of Qinhuangdao Bohai Logistics Holding Corporation Ltd. (Bohai Logistics), a 29.9%-owned subsidiary of Maoye International Holdings (HKG:0848), on the Shenzhen Stock Exchange has been suspended since 9 January 2012 and will remain so due to the uncertain nature of the asset reorganization.

During the suspension period, Bohai Logistics shall assist and procure the various working parties working on the asset reorganisation, and shall disclose the relevant progress in a timely manner.

Bohai Logistics has undertaken that it will ensure the duration of suspension of trading shall not exceed 30 days, that is, Bohai Logistics will make disclosure in relation to the asset reorganisation in accordance with relevant regulatory requirements by 8 February 2012. If Bohai Logistics is not able to convene relevant board meeting to approve the asset reorganisation and to disclose the above-mentioned matter within the said period, Bohai Logistics will, depending on the progress of the asset reorganisation, decide whether to apply to the Shenzhen Stock Exchange for delay in resumption of trading.

Moreover, Bohai Logistics has undertaken that it shall not undergo any material asset reorganisation within three months after resumption of trading of its securities on the Shenzhen Stock Exchange.