1顺驰置地(北京)房地产开发有限公司

THISDOCUMENTISIMPORTANTANDREQUIRESYOURIMMEDIATEATTENTIONWAIKEEHOLDINGSLIMITED(IncorporatedinBermudawithlimitedliability)(Stockcode:610)DISCLOSEABLETRANSACTIONINRELATIONTOTHEELITERICHAGREEMENTIfyouareinanydoubtastoanyaspectofthisdocumentorastotheactiontobetaken,youshouldconsultyourlicensedsecuritiesdealer,bankmanager,solicitor,professionalaccountantorotherprofessionaladviser.IfyouhavesoldortransferredallyoursharesinWaiKeeHoldingsLimited,youshouldatoncehandthisdocumenttothepurchaserortransfereeortothebank,licensedsecuritiesdealerorregisteredinstitutionorotheragentthroughwhomthesaleortransferwaseffectedfortransmissiontothepurchaserorthetransferee.TheStockExchangeofHongKongLimitedtakesnoresponsibilityforthecontentsofthisdocument,makesnorepresentationastoitsaccuracyorcompletenessandexpresslydisclaimsanyliabilitywhatsoeverforanylosshowsoeverarisingfromorinrelianceuponthewholeoranypartofthecontentsofthisdocument.30June2007CONTENTSiPageDefinitions................................................................1LetterfromtheBoardIntroduction..........................................................7Background...........................................................8TheEliteRichSupplementalAgreement..................................9ReasonsfortheEliteRichSupplementalAgreement........................14Additionalinformation.................................................14Appendix-Generalinformation.............................................15DEFINITIONS1Inthisdocument,thefollowingexpressionshavethefollowingmeanings,unlessthecontextrequiresotherwise:“AdjustmentOption”theoptiontosubscribe5,000SuncoASharesforcashatparpursuanttotheSuncoASubscriptionAgreement(asamendedbytheSupplementalAgreements(SuncoASubscription))“associate(s)”hasthemeaningascribedtoitundertheListingRules“BeijingSunco1”(SuncoLand(Beijing)RealEstateDevelopmentCompanyLimited*),acompanyincorporatedinthePRCwithlimitedliabilityandindirectlywholly-ownedbySuncoA“BeijingSunco2”(BeijingSuncoLandFengrunRealEstateDevelopmentCompanyLimited*),acompanyincorporatedinthePRCwithlimitedliabilityandindirectlywholly-ownedbySuncoA“BeijingSunco3”(BeijingSuncoLandDaxingRealEstateDevelopmentCompanyLimited*),acompanyincorporatedinthePRCwithlimitedliabilityandindirectlywholly-ownedbySuncoA“Board”theboardofDirectors“BuildKing”BuildKingHoldingsLimited,asubsidiaryofWaiKee,whichwasincorporatedinBermudawithlimitedliabilityandthesharesofwhicharelistedonthemainboardoftheStockExchange“connectedperson(s)”hasthemeaningascribedtoitundertheListingRules“Directors”directorsofWaiKee“EliteRich”EliteRichInvestmentsLimited,aninvestmentholdingcompanyincorporatedintheBritishVirginIslandswithlimitedliabilityandawholly-ownedsubsidiaryofWaiKeeDEFINITIONS2“EliteRichAgreement”theagreemententeredintobetweenRKI(BJ)andEliteRichdated23January2007inrespectoftheassignmentofEliteRich’sportionofLoan4toRKI(BJ)and(unlessthecontextotherwiserequires)asamendedbytheEliteRichSupplementalAgreement“EliteRichSupplementalthesupplementalagreemententeredintobetweenRKI(BJ)Agreement”andEliteRichdated26May2007withregardtothetransactionascontemplatedherein“GFA”GrossFloorArea“Guarantors”theguarantorsofSuncoASubscriptionAgreementandtheSupplementalAgreements(SuncoASubscription),namelyMr.Sun,SuncoChinaandSuncoManagement“HebeiSunco”(HebeiSuncoRealEstateDevelopmentCompanyLimited*),acompanyincorporatedinthePRCwithlimitedliabilityandindirectlywholly-ownedbySuncoA“HenanSunco”(HenanSuncoPropertyCompanyLimited*),acompanyincorporatedinthePRCwithlimitedliabilityandindirectlywholly-ownedbySuncoA“HongKong”theHongKongSpecialAdministrativeRegionofthePRC“IndependentThirdperson(s),orinthecaseofcompanies,theirultimatebeneficialParty(ies)”owner(s),whoareindependentofandnotconnectedwithWaiKeeanditsconnectedpersonsoritsassociates“JinanSunco”(JinanShunchengRealEstateDevelopmentCompanyLimited*),acompanyincorporatedinthePRCwithlimitedliabilityandindirectly70%ownedbySuncoA“LatestPracticableDate”26June2007,beingthelatestpracticabledatepriortotheprintingofthisdocumentforascertainingcertaininformationcontainedhereinDEFINITIONS3“ListingRules”theRulesGoverningtheListingofSecuritiesontheStockExchange“Loan4”RMB400millionloanfacilityadvancedbyRKI(BJ)andEliteRichtoSuncoB“LuoyangSunco”(LuoyangSuncoRealEstateDevelopmentCompanyLimited*),acompanyincorporatedinthePRCwithlimitedliabilityandindirectlywholly-ownedbySuncoA“Mr.Sun”Mr.SunHongbin,anIndependentThirdParty“Mr.Zhang”Mr.ZhangHuaqiao,anIndependentThirdParty“NewProjectCompanies”BeijingSunco1,BeijingSunco3,TianjinSunco2,TianjinSunco3,HebeiSuncoandShanghaiFangcheng“OutstandingSuncoAtheSuncoAPurchaseOption,theSuncoASubscriptionOptionOptions”andtheAdjustmentOption“PRC”thePeople’sRepublicofChina“RKI(BJ)”RKInvestment(Beijing)Limited,aninvestmentholdingcompanyincorporatedintheBritishVirginIslandswithlimitedliabilityandawholly-ownedsubsidiaryofRoadKing“RoadKing”RoadKingInfrastructureLimited,acompanyincorporatedinBermudawithlimitedliabilityandthesharesofwhicharelistedonthemainboardoftheStockExchange“RoadKingGroup”RoadKi