Boyaa Interactive International Says On 8 Dec It Has Come To Attention Of Co That RMB683.2 Mln Had Been Withdrawn From Frozen Bank Accounts By Trial Court

Boyaa Interactive International Ltd 4434:

• ON 8 DEC IT HAS COME TO ATTENTION OF CO THAT RMB683.2 MILLION HAD BEEN WITHDRAWN FROM FROZEN BANK ACCOUNTS BY TRIAL COURT

• PRC LEGAL ADVISERS NOTIFIED THAT SOME OF EMPLOYEES DECIDED TO INITIATE PROCEDURES FOR PETITION

• ADVISERS NOTIFIED CO THAT SOME OF EMPLOYEES HAD DECIDED TO PROCEED UNTIL CONCLUSION OF RETRIAL PROCEDURES

• UPDATE ON EMPLOYEE''S CASE

• DISCUSSING WITH PRC LEGAL ADVISERS AS TO NEXT STEP FORWARD IN RELATION TO SECOND INSTANCE RULING AND ENFORCEMENT

• ENFORCEMENT SUM AMOUNTED TO RMB2,178 MILLION