Hong Kong Exchanges and Clearing Limited and The Stock Exchange of Hong Kong Limited take no responsibility for the contents of this announcement, make no representation as to its accuracy or completeness and expressly disclaim any liability whatsoever for any loss howsoever arising from or in reliance upon the whole or any part of the contents of this announcement.

(Incorporated in the Cayman Islands with limited liability)

(Stock code: 658)

DISCLOSEABLE TRANSACTIONS

(I)SUBSCRIPTIONS OF STRUCTURED BANK DEPOSITS WITH CHINA MINSHENG BANK

(II)SUBSCRIPTIONS OF STRUCUTRED BANK DEPOSITS WITH CHINA PING AN BANK

STRUCTURED DEPOSIT AGREEMENTS WITH CHINA MINSHENG BANK

The Board announces that Nanjing Drive, an indirect wholly-owned subsidiary of the Company, entered into the MS Structured Deposit Agreement I, MS Structured Deposit Agreement II and MS Structured Deposit Agreement III with China Minsheng Bank (Nanjing branch) on 25 July 2018, 17 August 2018 and 8 January 2019, respectively, pursuant to which Nanjing Drive subscribed for the MS Structured Bank Deposits with an aggregated principal amount of RMB500,000,000.

STRUCTURED DEPOSIT AGREEMENTS WITH CHINA PING AN BANK

Nanjing Drive entered into the PA Structured Deposit Agreement I, PA Structured Deposit Agreement II and PA Structured Deposit Agreement III with China Ping An Bank (Nanjing branch) on 10 January 2018, 24 July 2018 and 25 December 2018, respectively, pursuant to which Nanjing Drive subscribed for the PA Structured Bank Deposits with an aggregated principal amount of RMB370,000,000.

Nanjing High Speed, an indirect wholly-owned subsidiary of the Company, entered into the PA Structured Deposit Agreement IV with China Ping An Bank (Nanjing branch) on 4 December 2018, pursuant to which Nanjing High Speed subscribed for the PA Structured Bank Deposit with a principal amount of RMB163,000,000.

- 1 -

The aggregated principal amount of the PA Structured Bank Deposits is RMB533,000,000.

LISTING RULES IMPLICATIONS

As each of the MS Structured Bank Deposits and PA Structured Bank Deposits is of similar nature, each of the MS Subscriptions and PA Subscriptions shall be aggregated for the purpose of computing the relevant percentage ratios pursuant to Rule 14.22 of the Listing Rules. As one or more of the applicable percentage ratios, on an aggregate basis, in respect of each of the MS Subscriptions and PA Subscriptions exceed 5% but are less than 25%, each of the MS Subscriptions and PA Subscriptions constitute discloseable transactions for the Company and are therefore subject to the reporting and announcement requirements under Chapter 14 of the Listing Rules.

STRUCTURED DEPOSIT AGREEMENTS WITH CHINA MINSHENG BANK

Nanjing Drive entered into the MS Structured Deposit Agreement I, MS Structured Deposit Agreement II and MS Structured Deposit Agreement III with China Minsheng Bank (Nanjing branch) on 25 July 2018, 17 August 2018 and 8 January 2019, respectively, pursuant to which Nanjing Drive subscribed for the MS Structured Bank Deposits with an aggregated principal amount of RMB500,000,000.

MS Structured Deposit Agreement I

A summary of the principal terms of the MS Structured Deposit Agreement I is set out as follows:

Date

:

25 July 2018

Parties

:

(1) Nanjing Drive; and

(2) China Minsheng Bank (Nanjing branch)

Product name

:

掛鈎利率結構性存款 (Interest rate-linked structured bank

deposit*)

Classification of

:

Structured bank deposit (Principal-guaranteed)

product

Principal amount

: RMB100,000,000

Term

: From 25 July 2018 to 25 July 2019

Linked target

: USD 3-month LIBOR

- 2 -

Yield

:

The yield of the deposit is linked to the USD 3-month

LIBOR, which is calculated by the following formula:

4.65% n1

+ 4.55% n2

N

N

where

n1 is the number of days when the USD 3-month LIBOR

is larger than or equal to zero but smaller than 0.05%; n2

is the number of days when the USD 3-month LIBOR is

larger than or equal to 0.05% but smaller than 5.05%; and

N is the total number of days from the date of the

establishment to the maturity date of the Subscription

Early withdrawal

:

In case of

default or early withdrawal, the principal

amount shall be returned to Nanjing Drive without any

return and/or interest. Also, Nanjing Drive has to pay a

default penalty, which is 5% of the principal amount

MS Structured Deposit Agreement II

A summary of the principal terms of the MS Structured Deposit Agreement II is set out as follows:

Date

:

17 August 2018

Parties

:

(1) Nanjing Drive; and

(2) China Minsheng Bank (Nanjing branch)

Product name

:

掛鈎利率結構性存款 (Interest rate-linked structured bank

deposit*)

Classification of

:

Structured bank deposit (Principal-guaranteed)

product

Principal amount

: RMB300,000,000

Term

: From 17 August 2018 to 16 August 2019

Linked target

: USD 3-month LIBOR

- 3 -

Yield

:

The yield of the deposit is linked to the USD 3-month

LIBOR, which is calculated by the following formula:

4.45% n1

+ 4.35% n2

N

N

where

n1 is the number of days when the USD 3-month LIBOR

is larger than or equal to zero but smaller than 0.05%; n2

is the number of days when the USD 3-month LIBOR is

larger than or equal to 0.05% but smaller than 5.05%; and

N is the total number of days from the date of the

establishment to the maturity date of the Subscription

Early withdrawal

:

In case of

default or early withdrawal, the principal

amount shall be returned to Nanjing Drive without any

return and/or interest. Also, Nanjing Drive has to pay a

default penalty, which is 5% of the principal amount

MS STRUCTURED DEPOSIT AGREEMENT III

A summary of the principal terms of the MS Structured Deposit Agreement III is set out as follows:

Date

:

8 January 2019

Parties

:

(1) Nanjing Drive; and

(2) China Minsheng Bank (Nanjing branch)

Product name

:

掛鈎利率結構性存款 (Interest rate-linked structured bank

deposit*)

Classification of

:

Structured bank deposit (Principal-guaranteed)

product

Principal amount

: RMB100,000,000

Term

: From 8 January 2019 to 8 January 2020

Linked target

: USD 3-month LIBOR

- 4 -

Yield

: The yield of the deposit is linked to the USD 3-month

LIBOR, which is calculated by the following formula:

4.30% n1

+ 4.20% n2

N

N

where

n1 is the number of days when the USD 3-month LIBOR is larger than or equal to zero but smaller than 0.05%; n2 is the number of days when the USD 3-month LIBOR is larger than or equal to 0.05% but smaller than 6.75%; and N is the total number of days from the date of the establishment to the maturity date of the Subscription

Early withdrawal

: In case

of default or early withdrawal, the principal

amount

shall

be returned to Nanjing Drive without any

return and/or

interest.

STRUCTURED DEPOSIT AGREEMENTS WITH CHINA PING AN BANK

PA Structured Deposit Agreement I, II and III

Nanjing Drive entered into the PA Structured Deposit Agreement I, PA Structured Deposit Agreement II and PA Structured Deposit Agreement III with China Ping An Bank (Nanjing branch) on 10 January 2018, 24 July 2018 and 25 December 2018, respectively, pursuant to which Nanjing Drive subscribed for the PA Structured Bank Deposits with an aggregated principal amount of RMB370,000,000.

PA Structured Deposit Agreement I

A summary of the principal terms of the PA Structured Deposit Agreement I is set out as follows:

Date

:

10 January 2018

Parties

:

(1)

Nanjing Drive; and

(2)

China Ping An Bank (Nanjing branch)

Product name

: 平安銀行對公結構存款(掛鈎利率)產品 (Ping An Bank

Corporate Structured Deposit Product (interest

rate-linked)*)

Classification of

: Structured bank deposit (Principal-guaranteed)

product

Principal amount

: RMB70,000,000

- 5 -

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China High-Speed Transmission Equipment Group Co. Ltd. published this content on 16 May 2019 and is solely responsible for the information contained herein. Distributed by Public, unedited and unaltered, on 16 May 2019 17:27:06 UTC