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Dragonite International Limited
(incorporated in the Cayman Islands with limited liability)
(Stock Code: 329)
This is a voluntary announcement made by Dragonite International Limited (the “Company, together with its subsidiaries referred to as the “Group”). The purpose of this announcement is to keep the Shareholders and potential investors of the Company informed of the latest developments of the Company. Unless the context requires otherwise, capitalised terms used herein shall have the same meanings as those defined in the announcement of the Company dated 1 August 2011. GRANT OF NEW US PATENT — US PATENT NO. 8156944 The board of directors of the Company (the “Board”) is pleased to announce that on 17 April 2012, the Group’s patent for the “Aerosol Electronic Cigarette” has been successfully issued in the United States by the United States Patent and Trademark Office as United States Patent No. 8156944, (the “944 Patent”) to Mr. Hon Lik, inventor of the electronic cigarette, executive director of the Company, and has been assigned in favour of Ruyan Investment (Holdings) Limited, a wholly owned subsidiary of the Company. The 944 Patent embodies novel technologies of the electronic cigarette and is an important addition to the Group’s intellectual property portfolio. The 994 Patent is expected to facilitate new supply agreements with distributors in the near future.
COMPLAINT FOR PATENT INFRINGEMENT — US PATENT NO. 7832410 Reference is made to the Company’s voluntary announcements dated 13 January 2011, 28 January 2011 and 1 August 2011. The 2nd Complaint (Case No. 11-6268), filed on 29 July 2011, has been consolidated with the Amended Complaint (Case No. 11-367) for discovery and claim construction purposes. Of the total 11 defendants, three have defaulted, namely, Smoking Everywhere Inc, Instead LLC and Load and Fold dba Magic Puffer, and two (Jeffrey Orth dba Janty USA and Janty USA, LLC) have consented to judgment in favour of Ruyan Investment (Holdings) Limited, the Plaintiff. The Board is also pleased to announce that the Plaintiff has executed a settlement agreement with defendant BLEC, LLC which provides for the payment of monetary compensation to the Plaintiff. A request for dismissal without prejudice of defendant BLEC, LLC from the case will be filed in due course. The Company will keep the Shareholders and potential investors of the Company informed of any material development in connection with the complaint herein mentioned by way of further announcement(s) as and when appropriate.
By order of the Board Dragonite International Limited Gary Drew Douglas Managing Director Hong Kong, 18 April 2012