Kong Limited takes no responsibility for the contents of this announcement,
makes no representation as to its accuracy or completeness and expressly disclaims any liability
whatsoever for any loss howsoever arising from or in reliance upon the whole or any part of the contents
of this announcement.

安瑞科能源裝備控股有限公司
Enric Energy Equipment Holdings Limited
(Incorporated in the Cayman Islands with limited liability)
(Stock code: 3899)

ANNOUNCEMENT
CONNECTED TRANSACTION
ASSET TRANSFER AGREEMENT

On 16 January 2008, the Agreement was entered into between Enric Gas Equipment, a
wholly-owned subsidiary of the Company, as transferee and Xinao Shijiazhuang as
transferor pursuant to which Enric Gas Equipment agreed to acquire and Xinao
Shijiazhuang agreed to sell the Assets for a consideration of RMB10,105,500 (equivalent
to approximately HK$10,812,885).

As Xinao Shijiazhuang is an associate of Mr. Wang, a previous executive Director who
resigned as a Director with effect from 15 October 2007, the Transaction constitutes
connected transaction for the Company under Chapter 14A of the Listing Rules. Since all
the percentage ratios are below 2.5%, the Transaction is subject to reporting and
announcement requirements under Chapter 14A of the Listing Rules but is exempt from
the independent shareholders’ approval requirement.

THE AGREEMENT

Date:
16 January 2008

Parties:
Transferor Xinao Shijiazhuang
Transferee Enric Gas Equipment, a wholly-owned subsidiary of the Company

The Assets:
(i) Land use rights for a piece of land located at Beigaojidajie, Zhaolinpu Village,
Xinhua District, Shijiazhuang, Hebei, the PRC（中國河北石家莊新華區趙陵鋪村
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北高基大街） , of an area of 7,210.30 square metres for industrial use (the “Land”)
(ii) office building of an area of 2,024.86 square metres located on the Land
(iii) LNG tank plant of an area of 2,774.17 square metres located on the Land
(iv) staff canteen and bathroom of a total area of 1,035.00 square metres located on the
Land

The Transferor is the legal owner of the land use rights and property ownership rights of
the Assets, except that the property ownership certificate(s) in respect of (iii) and (iv)
above are in the process of application.

Consideration and basis of consideration:
RMB10,105,500 (equivalent to approximately HK$10,812,885), which will be financed by
the Group’s internal resources.

As at 31 October 2007, the net book value of the Assets was RMB7,274,694 (equivalent to
appropriately HK$7,783,923). According to a valuation done by Shijiazhuang Shifang Real
Estate Appraisal Firm Company Limited （石家莊石房房地產評估事務所有限公司） , a
qualified real estate appraisal company in the PRC and an Independent Third Party, based
on cost approach and land datum value method, the aggregate market value of the Assets as
at 2 November 2007 was RMB10,105,500 (equivalent to approximately HK$10,812,885).
The Consideration has been arrived at after arm’s length negotiation between the parties
based on the abovementioned valuation result.

As far as the Directors are aware, the original purchase costs (including costs of acquisition
of land and constructions thereon) of the Assets paid by the Transferor was RMB9,493,610
(equivalent to appropriately HK$10,158,163).

Payment terms and Delivery of the Assets:
Within three business days from the date of the Agreement, RMB7,000,000 (equivalent to
appropriately HK$7,490,000) shall be paid by the Transferee while the balance of the
Consideration in the sum of RMB3,105,500 (equivalent to appropriately
HK$3,322,885)shall be paid by the Transferee in accordance with the written instructions
of the Transferor within three business days from the date on which the property
ownership certificate and land use rights certificate or property and land ownership
certificate of the Assets have been transferred to the name of the Transferee.

REASONS FOR AND BENEFITS OF THE TRANSACTION

Enric Gas Equipment, located in Shijiazhuang, Hebei, the PRC, is specialised in the
production of pressure vessels and tanks for storage and transportation of CNG and LNG.
In order to enhance the Group’s production capacity of cryogenic storage tanks, being one
of the Group’s major products, the Group decided to acquire the Assets, which are also
situated in the same city of the PRC from the Transferor. With the combination of the
Assets together with the Group’s existing production facilities in Shijiazhuang, Hebei, the
PRC, the Group’s production capacity of cryogenic storage tanks can be enhanced by
economy of scale.
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The Directors (including the independent non-executive Directors) are of the view that the
terms of the Transaction, including the Consideration, are fair and reasonable so far as the
Shareholders are concerned and that the Transaction is carried out in the ordinary course of
business, on normal commercial terms and is in the interest of the Company and the
Shareholders as a whole.

COMPLIANCE WITH THE LISTING RULES

As Xinao Shijiazhuang is an associate of Mr. Wang, a previous executive Director who
resigned as a Director with effect from 15 October 2007, the Transaction constitutes a
connected transaction for the Company under Chapter 14A of the Listing Rules.

Since all the percentage ratios are below 2.5%, the Transaction is subject to reporting and
announcement requirements under Chapter 14A of the Listing Rules but is exempt from
the independent shareholders’ approval requirement.

GENERAL

The Group is principally engaged in the provision of integrated business solutions in the
energy equipment industry and the design, manufacture and sale of specialised gas
equipment.

Xinao Shijiazhuang is principally engaged in natural gas vehicle conversion.

DEFINITIONS

“Agreement” the asset transfer agreement dated 16 January 2008
entered into between Enric Gas Equipment as transferee
and Xinao Shijiazhuang as transferor regarding the
transfer of the Assets
“Assets” the assets to be transferred pursuant to the Agreement,
as described in the paragraph “The Assets” under the
section headed “The Agreement”
“associate(s)” as such term is defined under the Listing Rules
“Board” the board of Directors
“CNG” compressed natural gas
“Company” Enric Energy Equipment Holdings Limited 安瑞科能
源裝備控股有限公司 , an exempted company
incorporated in the Cayman Islands with limited
liability, the shares of which are listed on the Main
Board of Stock Exchange
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“connected person(s)” as such term is defined under the Listing Rules
“Consideration” consideration in the sum of RMB10,105,500
(equivalent to approximately HK$10,812,885) to be
paid by the Transferee to the Transferor pursuant to the
Agreement
“Director(s)” the director(s) of the Company
“Enric Gas Equipment”
or “Transferee”
石家莊安瑞科氣體機械有限公司 Shijiazhuang Enric
Gas Equipment Company Limited, a company with
limited liability incorporated under the laws of the PRC
and a wholly-owned subsidiary of the Company
“Group” the Company and its subsidiaries
“Hong Kong” the Hong Kong Special Administrative Region of the
PRC

“Independent Third
Party(ies)”
person(s) or company(ies) which is / are independent of
any member of the Group, the directors, the chief
executives, the controlling shareholders, the substantial
shareholders (as such terms are defined in the Listing
Rules) of the Company or its subsidiaries, and their
respective associates
“Listing Rules” the Rules Governing the Listing of Securities on the
Stock Exchange
“LNG” liquefied natural gas
“Mr. Wang” Mr. Wang Yusuo ( 王玉鎖 ), a previous executive
Director who resigned from directorship with effect
from 15 October 2007
“PRC” the People’s Republic of China and for the purposes of
this announcement, excluding Hong Kong, the Macau
Special Administrative Region and Taiwan
“Share(s)” ordinary share(s) of HK$0.01 each in the share capital
of the Company
“Shareholder(s)” the holder(s) of the Share(s)
“Stock Exchange”
Wang
“HK$” Hong Kong dollars, the lawful currency of Hong Kong
“RMB” Renminbi, the lawful currency of the PRC
“&#%8221; per cent.

By order of the Board
Enric Energy Equipment Holdings Limited
Cheong Siu Fai
Company Secretary

Hong Kong, 16 January 2008

As at the date of this announcement, the Board consists of Mr. Zhao Qingsheng
(Chairman), Mr. Jin Yongsheng (Chief Executive Officer), Mr. Wu Fapei, Mr. Jin Jianlong,
Mr. Yu Yuqun, Mr. Shi Caixing and Mr. Qin Gang as executive Directors, Mr. Yang Yu as a
non-executive Director and Mr. Wong Chun Ho, Mr. Gao Zhengping and Mr. Shou Binan
as independent non-executive Directors.

In this announcement, RMB has been converted to HK$ at the rate of RMB1 = HK$1.07
for illustration purpose only. No representation is made that any amounts in RMB or
HK$ have been, could have been or could be converted at the above rate or at any other
rates or at all.

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