t6pr.com - Kingboard Laminates Holdings Limited (1888)

Hong Kong, December 5, 2006 - Kingboard Laminates Holdings Limited (“Kingboard Laminates” or the “Company”; Stock code: 1888), the largest rigid laminate manufacturer globally in 2005 according to JMS, today announced that its Hong Kong Public Offer and International Placing have been significantly over-subscribed. The Offer Price has been set at HK$7.73 per Share.

The Global Offering initially comprised an International Placing of 675,000,000 Shares and a Hong Kong Public Offer of 75,000,000 Shares. However, the significant over-subscription of the Hong Kong Public Offer has triggered the claw-back mechanism in accordance with the Listing Rules in which the number of Shares for the Hong Kong Public Offer has been increased to 375,000,000 Shares, or from the initial 10% to 50% of the Global Offering. The number of Shares for International Placing has been reduced to 375,000,000 Shares, representing 50% of the Global Offering. There is an Over-allocation Option of up to 75,000,000 additional Sale Shares representing 10% of the initial Offer Shares.

Dealing in the Shares on the SEHK is expected to commence on Thursday, December 7, 2006. Goldman Sachs (Asia) L.L.C. is the sole global coordinator, sole bookrunner and sole sponsor of the Global Offering.

Commenting on the encouraging subscription results, Mr Cheung Kwok Wa, Chairman of Kingboard Laminates said: “We are delighted to see great interest from both institutional and retail investors in our Initial Pubic Offering. We believe such strong investor support is a clear indication of their recognition of our industry leadership, cost advantage derived from our vertically-integrated production, competitive production base in the PRC, as well as our sound track record and growth momentum.”
Kingboard Laminates currently operates 16 manufacturing facilities in the PRC’s primary electronics manufacturing centers in southern and eastern China.

About Kingboard Laminates Holdings Limited
Kingboard Laminates Holdings Limited is a leading vertically-integrated electronics materials manufacturer, specializing in the production of laminates, a fundamental material ultimately used for the production of a wide variety of electronic products. The Company is the global leader in rigid laminates, with a strategic network of 16 manufacturing facilities in the PRC.

This is not an offer of securities for sale in the United States. The securities may not be offered or sold in the United States absent registration or an exemption from registration. Any public offering of securities to be made in the United States will be made by means of a prospectus that may be obtained from the issuer or the selling security holder and that will contain detailed information about the company and management, as well as financial statements. Kingboard Laminates Holdings Limited does not intend to register any portion of the offering in the United States or to conduct a public offering of Shares in the United States.