Update on Disposal of Interest in Global Pharm



ADAMAS FINANCE ASIA LIMITED

(the "Company")

Update on Disposal of Interest in Global Pharm Holdings Group, Inc

Further to the announcements on 18 December 2014 and 20 March 2015, the Company has been informed by its Investment Manager, Adamas Global Alternative Investment Management Inc., ("AGAIM") that there will be a delay in the receipt of the US$9 million due from Global Pharm Holdings Group, Inc. ("Global Pharm") which was due on 31 March 2015. AGAIM is in discussions with Global Pharm to resolve the matter and negotiate a revised redemption schedule. The Company will make further announcements as appropriate. 

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