General Announcement::Temporary Closure of Golden Center Ningbo; Precautionary Measures at The Westin Bund Center Shanghai

TEMPORARY CLOSURE OF GOLDEN CENTER NINGBO AND FREEZING IN-ROOM RESERVATIONS AND F&B OPERATIONS AT THE WESTIN BUND CENTER SHANGHAI AS PRECAUTIONARY MEASURE DUE TO COVID-19

The Board of Bund Center Investment Ltd (the 'Company') would like to announce that the recent Covid-19 outbreak has created a degree of uncertainty and is expected to have a material impact on the business sentiments and our operating environment.

In response to the situation relating to preventive measures to stop the wide spread of the Covid-19 virus in the People's Republic of China ('PRC'), the Company's subsidiaries had implemented a temporary closure of the Golden Center in Ningbo since the Chinese New Year holidays until to-date in compliance with the mandatory directives issued by the local authorities in PRC. Temporary freezing on in-room reservations and F&B operations of The Westin Bund Center Shanghai was also implemented with effect from mid February 2020. These imperative measures including Bund Center Office Tower are in compliance with the advice of the Chinese local authorities to help prevent the spread of the Covid-19 virus for the health and safety of all employees, tenants, guests and visitors.

The Group will continue to monitor closely any updates and advisories from the local Chinese authorities, which include close communication with such authorities to stay abreast with the latest progressive developments. The re-opening of the above will be announced at the appropriate time in due course.

Meanwhile, the Group has instituted a series of precautionary health and hygiene measures, including the stepping up of cleaning and disinfection of facilities and necessary temperature screening test of its employees.

As the situation relating to the spread and containment of the Covid-19 virus remains uncertain and fluid, the Group will continue to monitor the impact the crisis may have on its business operating performance.

By Order of the Board
BUND CENTER INVESTMENT LTD

Frankle (Djafar) Widjaja
Director
19 February 2020