OCI International Holdings Ltd. (DGTLF)

[ecig observer]

This morning Dragonite announced that it has reached an agreement to sell its e-cigarette assets and asked the Hong Kong Stock Exchange to halt trading pending an announcement.

SUSPENSION OF TRADING

As announced by Dragonite International Limited (the “Company”, and together with its subsidiaries, the “Group”) on 1 August 2013, the Company has been engaged in discussions relating to the possible disposal of the Company’s electronic cigarette business in whole or in parts. On 14 August 2013, the Group and the buyer have entered into the Sale of Assets Agreement for the disposal of the Group’s certain assets relating to the electronic cigarette business (the “Disposal”).

The Disposal will constitute a very substantial disposal for the Company pursuant to Chapter 14 of the Rules Governing the Listing of Securities on The Stock Exchange of Hong Kong Limited. At the request of the Company, trading in the shares of the Company on The Stock Exchange of Hong Kong Limited will be suspended with effect from 9:00 a.m. on 15 August 2013 pending the release of an announcement in relation to the Disposal.

By order of the Board
Dragonite International Limited
Gary Drew Douglas
Managing Director