FFWD.L Regulatory News (FFWD)

23 Oct 2008 16:02



For immediate release: 23 October 2008

London Asia Chinese Private Equity Fund Limited

('LACPEF' or 'The Company')

Amendment to AGM Resolution 7 (i)

LACPEF (AIM: LCP), today announces an amendment to an AGM resolution listed in the Company's Annual Report and Accounts for the year ended 31 March 2008.

The amendment is to the Notice of Annual General Meeting, issued on 17 September 2008, Ordinary Resolution 7 (i) concerning the maximum number of the Company's Ordinary Shares authorised to be purchased by the Company. The Company seeks authorisation to purchase 7,495,000 Ordinary Shares (which represents 14.99% of the Company's Issued Share Capital), replacing the original figure of 18,362,750 Ordinary Shares which was stated in error.

Shareholders should also note that the reference in Resolution 7 to The Companies (Purchase of Own Shares) Ordinance 1998 has been superseded by s. 315 of The Companies (Guernsey) Law, 2008.

The proxies issued to shareholders remain valid, and voting on resolution 7 (i) relates to the adjusted number of 7,495,000 Ordinary Shares, as stated today.

The Notice of Annual General Meeting now reads:

NOTICE IS HEREBY GIVEN that the second ANNUAL GENERAL MEETING of LONDON ASIA CHINESE PRIVATE EQUITY FUND LIMITED will be held at No. 1 Le Truchot, St Peter Port, Guernsey, GY1 3JX on 27 October 2008 at 9.00 a.m. for the following purposes:

Resolution on form of proxy

…………………………………………………………………………………………..

As ordinary business:

Ordinary Resolution 1

To receive and, if thought fit, to accept the reports of the Directors and Auditors and the audited financial statements for

the year ended 31 March 2008.

Ordinary Resolution 2

To re-appoint PricewaterhouseCoopers CI LLP as Auditors and to authorise the Directors to agree its remuneration.

Ordinary Resolution 3

To re-elect Mr Huntley, who offers himself for re-election, as a Director.

Ordinary Resolution 4

To re-elect Mr Battey, who offers himself for election, as a Director.

Ordinary Resolution 5

To approve the Group's Investment Strategy (in accordance with AIM Rules) and the Investment Objective, as set out in the Admission Document dated 9 March 2006 as follows:

"The Investment Objective of the Group is to provide Shareholders with capital growth from investing in a portfolio of companies whose business operations are primarily focused on China."

Ordinary Resolution 6

To change the Company's website address from www.lacpefund.com to chinagrowthopportunities.com.

As special business:

Ordinary Resolution 7

That the Company be and is hereby generally and unconditionally authorised in accordance with s. 315 of The Companies (Guernsey) Law, 2008 to make market purchases, as defined in that Law, of and cancel its Ordinary Shares of 1p each, provided that:

(i) the maximum number of Ordinary Shares hereby authorised to be purchased shall be 7,495,000;

(ii) the minimum price which may be paid for an Ordinary Share shall be 1p;

(iii) the maximum price which may be paid for an Ordinary Share shall be an amount equal to 115% of the average of the middle market quotations for an Ordinary Share taken from and calculated by reference to the London Stock Exchange Alternative Investment Market Daily Official List for the five business days immediately preceding the date on which the Ordinary Share is purchased;

(iv) the price paid per Ordinary Share shall be less than the last publicly announced net asset value per Ordinary Share;

(v) the authority hereby conferred shall expire at the conclusion of the Annual General Meeting of the Company in 2009, unless the authority is renewed prior to such time; and

(vi) the Company may make a contract to purchase Ordinary Shares under the authority hereby conferred prior to the expiry of such authority which will or may be executed wholly or partly after the expiration of such authority and may make a purchase of Ordinary Shares pursuant to any such contract.

Special Resolution 1

To approve the change of name of the Company to "China Growth Opportunities Limited".

-ENDS-

For further information, please visit www.lacpefund.com, or contact: