ZHONGHONG

Bowmans attended to the due diligence investigation conducted in respect of certain Abercrombie & Kent Group of Companies S.A. (Abercrombie & Kent) entities (located in South Africa and Tanzania) for Zhonghong in its intended acquisition of 90.5% of the issued shares of Abercrombie & Kent through one or more of Zhonghong’s affiliates. This transaction is significant for the sector, as Abercrombie & Kent is a tour operator and Zhonghong develops resorts and constructs large-scale tourism industry projects.