[For Immediate Release]

 

Formation of project company from eprint and Dongfeng to expand online business

(Hong Kong, 31 March 2015) - eprint Group Limited ("eprint" or the "Group"; HKEx stock code: 1884), the leading printing services provider in Hong Kong which covers both online self-service ordering platforms and retail stores, today announced that the Group and Dongfeng Printing Co., Ltd. ("Dongfeng"); whose shares are listed on the Shanghai Stock Exchange (stock code: 601515); entered into the Framework Agreement for the formation of the Project Company for the internet design and printing business in the PRC. eprint and Dongfeng will invest a total of RMB25 million (equivalent to approximately HK$31.25 million) in the Project Company and their equity interests in the Project Company will be 30% and 70% espectively. eprint and Dongfeng agreed to pay RMB7.5 million (equivalent to approximately HK$9.375 million) and RMB17.5 million (equivalent to approximately HK$21.875 million) respectively for the business of the Project Company.

eprint and Dongfeng ("The parties") targeted to complete the setting up of the Project Company before 30 June 2015 in the PRC and to launch the internet platform and relevant products within the year 2015. The parties targeted to set up the first operation of the Project Company in Shenzhen to provide service to cities in Pearl River Delta area including Shenzhen, Guangdong, Dong Guan and Huizhou. In the course of the business development of the Project Company, the Group agreed to provide supporting services to the Project Company by utilizing the Group's technical supporting system and personnel in the PRC subject to a fair charge. The Services
include but not limited to orders management system, typesetting system, after sales telephone services center and data maintenance center.

In addition, eprint Holdings, a wholly owned subsidiary of the Company, and the Vendor entered into the Sale and Purchase Agreement pursuant to which eprint Holdings has agreed to acquire and the Vendor has agreed to sell the Sale Shares, representing 11% of the issued shares of e-banner at the Purchase Price of HK$1.1million. Completion of the Acquisition will take place on 1 April 2015. Upon Completion, e-banner will become a 51% owned subsidiary of eprint Holdings, the financial results of e-banner will be consolidated into the consolidated financial statements of the Group. The Group plans to expand the business of e-banner to overseas market start from Malaysia and Australia.

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About eprint Group Limited
Established in 2001, eprint is the largest integrated online and store network printing service provider in Hong Kong with four well-established online printing services platforms including www.e-print.com.hk, www.e-invoice.com.hk, www.design-easy.com and www.photobook1010.com to provide convenient retail printing experience. eprint offers high quality, speedy printing and finishing services for products designed by customers to suit their diversified needs through its online platforms, 16 retail stores, comprehensive integrated information technology infrastructure and production facilities situated in Hong Kong. The Group's major printing services include advertisement printing, bound book printing and stationery printing.

About Dongfeng Printing Co., Ltd. (Shanghai Securities Stock Exchange stock code: 601515)
Dongfeng Printing is an A share company listed on the main board of the Shanghai Securities Stock Exchange (stock code: 601515) and has already been admitted into the eligible stock list of Shanghai-Hong Kong Stock Connect upon its launch. It is principally engaged in printing of paper packaging, such as tobacco, wine and cosmetics, and has already developed itself to become a high-tech enterprise which integrates scientific research, design, production, sales and service.

About e-banner Limited
e-banner is a Hong Kong limited liabilities company incorporated on 1 April 2014. It is principally engaged in developing, producing, marketing and sale of banners, display stands, posters and display partitions and other related products in Hong Kong. In May 2014, eprint Holdings established e-banner with the Vendor with 40% and 60% held by eprint Holdings and the Vendor respectively. The formation of e-banner can diversify the Group's business and product portfolio and create synergy effect with the printing business of the Group.

Media enquiries
eprint Group Limited
Lawrence Fung +852 2319 7107 lawrencefung@e-print.com.hk
Ivan Kong +852 2319 7156 ivankong@e-print.com.hk
Fax: +852 2344 2157
Website：http://www.eprintgroup.com.hk