XIAOXIAO EDUCATION LIMITED
ACN 140 573 762
242 Angas Street | Adelaide SA 5000 | Australia
11 March 2014
Mr Elvis Onyura
Senior Adviser, Listings (Sydney)
ASX Compliance
Australian Securities Exchange
20 Bridge Street
Sydney NSW 2000
By email
Dear Mr Onyura
Re: Appointment of Broker and Progress on Re-Listing
and
Advice of Resignation of Director
Xiaoxiao Education Limited
(ASX: XXL)
FOR IMMEDIATE RELEASE
I refer to ASX Announcements regarding an approach by Mr Xu Zi, through his company
Australia China Mining Pty Ltd, to acquire a majority of the ordinary shares in Xiaoxiao
Education Limited (XXL). Specifically, Mr Xu wishes to purchase all of the issued ordinary
shares in the capital of Xiaoxiao Education Limited held by Madam Yongrong Tong and to
change the nature of the business of the company to involvement in the Chinese mining
sector, delivering assets in that sector to the Company, specifically iron ore mining.
The XXL Board has applied for voluntary suspension from the ASX until the approval of
Shareholders was obtained and re-listing process is completed.
At a General Meeting of Shareholders held on 20 December 2012, XXL Shareholders passed
all Resolutions required to facilitate the transaction.
Since that time, work has been conducted to prepare for the change in the business of the
Company, the Board and the structure and plans going forward.
The Board of Xiaoxiao Education Limited now is pleased to advise the appointment of the ASX
listed company, MDS Financial Group Limited, through its subsidiary D2MX Pty Ltd (AFSL
297950, ASX Participant) to provide corporate advice and broking services to facilitate the final
stage of the re-listing process.
The market will be kept advised of progress towards re-listing the Company.
Also, the Board of Xiaoxiao Education Limited advises that it has received notice of the
resignation of Mr Thomas (Dong) Xu as a Director of the Company. The resignation is to be
effective immediately. Mr Xu has advised that he has resigned with regret, due to personal
matters.
2
Xiaoxiao’s Executive Chairman, Madam Yongrong Tong has conveyed the best wishes of the
XXL Board to Mr Xu for his future endeavours, and has thanked him for his efforts on behalf of
the Company.
As a result of Mr Xu’s resignation, the XXL Board is conducting a search for another director
and will make the relevant announcement once it has appointed a new director.
Yours Sincerely
Roger Smeed
Deputy Chairman