(June 16, 2014-Hong Kong) Colour Life Services Group Co., Limited (“Colour Life” or the “Company”, stock code: 1778) today announces details of its global offering (the “Global Offering”) and listing of its Shares on the Main Board of The Stock Exchange of Hong Kong Limited(“SEHK”).

The Global Offering of the Company comprises a total of 250,000,000 Shares, of which 90% (225,000,000 Shares, subject to adjustment) will initially be offered in the International Offering (“International Offering”) and 10% (25,000,000 Shares, subject to adjustment) will initially be offered in the Hong Kong Public Offering (“Hong Kong Public Offering”) The indicative offer price range is from HK$3.30 to HK$4.60 per Share, and HK$4,646.37 for one board lot (including brokerage of 1%, SFC transaction levy of 0.003%, and Stock Exchange trading fee of 0.005%). 25,000,000 Shares will be offered out of the International Offer Shares to qualifying shareholders of Fantasia Holdings Group Co., Limited under the Preferential Offering.

The Hong Kong Public Offer will commence at 9:00 a.m. on Tuesday, June 17, 2014 and is expected to close at 12:00 noon (at 11:30 a.m. for White Form eIPO applications) on Friday, June 20, 2014. Trading of the Shares on the Main Board of SEHK is expected to commence on Monday, June 30, 2014. The Shares, with the stock code of 1778, will be traded in board lots of 1,000 Shares each.

The company has entered into a cornerstone investor agreement with Qihoo 360 Technology Co. Ltd. for an aggregate amount of US$10,000,000. The net proceeds of the Global Offering the Company expects to receive (after deduction of underwriting fees and estimated expenses payable by it in relation to the Global Offering) are estimated to be approximately HK$731.7 million, assuming an Offer Price of HK$3.30 per Share, or HK$1,046.9 million, assuming an Offer Price of HK$4.60 per Share.

Assuming an Offer Price of HK$3.95 per Offer Share, being the mid-point of the stated Offer Price range of HK$3.30 to HK$4.60 per Offer Share, the net proceeds of the Global Offering would be approximately HK$889.3 million. The Company intends to use the net proceeds from the Global Offering as follows:

(1)     Approximately 60% of net proceeds (approximately HK$533.6 million) for acquisition of regional property management companies;

(2)     Approximately 20% of net proceeds (approximately HK$177.9 million) to purchase hardware equipment used for upgrading the communities under the Company’s engineering services business segment;

(3)     Approximately 10% of net proceeds (approximately HK$88.9 million) to fund the sales and marketing activities and investment of information technology software to further develop the Company’s community leasing, sales and other services platform; and

(4)     Approximately 10% of net proceeds (approximately HK$88.9 million) for working capital and general corporate purposes.

Merrill Lynch Far East Limited and Guotai Junan Capital Limited are the Joint Sponsors, Merrill Lynch International and Guotai Junan Securities (Hong Kong) Limited are the Joint Global Coordinators, Merrill Lynch International, Guotai Junan Securities (Hong Kong) Limited, China Merchants Securities (HK) Co., Limited and First Shanghai Securities Limited are the Joint Bookrunners, Merrill Lynch Far East Limited (in relation to the Hong Kong Public Offering only), Merrill Lynch International (in relation to the International Offering only), Guotai Junan Securities (Hong Kong) Limited, China Merchants Securities (HK) Co., Limited and First Shanghai  Securities Limited are the Joint Lead Managers