Completion of proposed disposal of a wholly-owned subsidiary

The Board of Directors (Board) of Nippecraft Limited (Company) refers to the announcement made on 21 August 2014 in relation to the proposed disposal of Jinmei Industrial Sdn Bhd (Announcement). All capitalised terms used and not defined herein shall have the same meanings given to them in the Announcement, unless otherwise expressly stated or the context otherwise requires. 

Further to the Announcement, the Board wishes to announce the completion of the Proposed Disposal (Completion) took place today. With the Completion, Jinmei Industrial Sdn Bhd has ceased to be a subsidiary of the Company.