Greenland Hong Kong : Delay in Completion of Discloseable and Connected Transaction And Further Delay in Despatch of Circular

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Hong Kong Exchanges and Clearing Limited and The Stock Exchange of Hong Kong Limited take no responsibility for the contents of this announcement, make no representation as to its accuracy or completeness and expressly disclaim any liability whatsoever for any loss howsoever arising from or in reliance upon the whole or any part of the contents of this announcement.

GREENLAND HONG KONG HOLDINGS LIMITED

綠地香港控股有限公司

(incorporated in the Cayman Islands with limited liability)

(Stock Code: 337)

DELAY IN COMPLETION OF DISCLOSEABLE AND CONNECTED TRANSACTION AND FURTHER DELAY IN DESPATCH OF CIRCULAR

Reference is made to the announcement of Greenland Hong Kong Holdings Limited (the "Company") dated 25 September 2015 in relation to the equity and credit transfer agreement dated 25 September 2015 between Shanghai Oriental Cambridge and Greenland Real Estate for the acquisition of the remaining 45% equity interest in Greenland Kunming and announcements dated 20 October 2015, 11 November 2015, 2 December 2015 and 23 December 2015 in relation to the delay in despatch of the circular ("Circular") for the said transaction (the "Announcements"). Unless otherwise stated, terms and expressions defined in the Announcements shall have the same meanings when used in this announcement.

On 15 January 2016, the Purchaser and the Vendor had agreed to delay Completion for 3 months as the Purchaser and the Vendor are considering and negotiating to vary certain terms of the Transaction. As additional time is required for the Purchaser and the Vendor to negotiate and finalize such terms, the parties agreed to postpone the Completion as aforesaid.

As disclosed in the Announcements, the Circular containing, among other things, a letter from the Board containing details of the Transaction, a letter from the Independent Board Committee and a letter from Somerley Capital Limited advising on the terms of the Agreement, and a notice of EGM would be despatched to Shareholders on or before 15 January 2016.

The despatch of the Circular will therefore be delayed for around 2 months until the said terms have been finalized, to a date falling on or before 24 March 2016.

Shareholders and potential investors of the Company are advised to exercise caution when dealing in the shares of the Company.

By order of the Board

Greenland Hong Kong Holdings Limited Chen Jun

Chairman

Hong Kong, 15 January 2016

As at the date of this announcement, the executive directors of the Company are Mr. Chen Jun, Mr. Wang Weixian, Mr. Hou Guangjun, Mr. Wu Zhengkui, Ms. Wang Xuling and Mr. You Defeng; and the independent non-executive directors of the Company are Mr. Cheong Ying Chew, Henry, Mr. Fong Wo, Felix, JP and Mr. Kwan Kai Cheong.