Press Room
Issue of Equity
On 10 March 2008 Et-china, a leading travel services group in the fast growing region of South China, announced that it had issued 667,550 'A' or new Ordinary Shares with no rights to dividends, capital or voting to five senior executives of GZL, the Company's subsidiary which is one of the largest travel package holiday providers in South China, as part of an exchange for their entire shareholding in GZL. These 'A' or new Ordinary Shares are to be converted into Ordinary Shares in the Company, upon conditions of the transaction being met, and admitted to trading on AIM. As a result of some of these conditions being met the Company has today issued 120,049 Ordinary Shares in the Company to a senior executive of GZL. These shares are subject to a six month lock-in.
Following the admission to trading of 120,049 Ordinary Shares, there are 547,501 'A' or new Ordinary Shares in issue to be converted into Ordinary Shares at a later date, upon conditions of the transaction being met, and admitted to trading on AIM.
Application has been made for 120,049 Ordinary Shares to be admitted to trading on AIM and dealings are expected to commence on 28 May 2009.
Following the admission of 120,049 Ordinary Shares to trading, the enlarged share capital of the Company is 33,073,447 Ordinary Shares.
Contact details for enquiries:
| Et-china.com International Holdings Limited | 0207 067 0700 |
| Matthew Ng, Chief Executive Officer | |
| Seymour Pierce, Nominated Adviser and Broker | 0207 107 8000 |
| Mark Percy | |
| Weber Shandwick Financial | 0207 067 0700 |
| Terry Garrett Stephanie Badjonat John Moriarty |