Ground Properties : Poll Result of the Special General Meeting Held on 18 January 2016

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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.

GROUND PROPERTIES COMPANY LIMITED

廣澤地產有限公司

(Incorporated in Bermuda with limited liability)

(Stock Code: 989)

POLL RESULT OF THE SPECIAL GENERAL MEETING HELD ON 18 JANUARY 2016

Reference is made to the circular (the "Circular") and the notice (the "Notice") convening the special general meeting (the "SGM") of Ground Properties Company Limited (the "Company") both dated 28 December 2015. Unless the context otherwise requires, terms used in this announcement shall have the same meanings as those defined in the Circular.

POLL RESULT OF THE SGM

The Board is pleased to announce that the proposed resolution as set out in the Notice (the "Resolution") was duly passed by the Shareholders by way of poll at the SGM. The poll result of the Resolution is as follows:

Ordinary Resolution	Number of Shares Represented by Votes (%)
	For	Against
To approve, confirm and ratify the Agreement and the transactions contemplated thereunder	594,722,260 (100%)	0 (0%)

Notes:

1. The full text of the Resolution proposed at the SGM was set out in the Notice.

2. As more than 50% of the votes were cast in favour of the Resolution, the Resolution was duly passed as an ordinary resolution of the Company.

As at the date of the SGM, the Company has 858,450,000 Shares in issue, which was also the total number of Shares entitling the holders to attend and vote for or against the Resolution at the SGM. There were no Shares entitling the holders to attend and abstain from voting in favour at the SGM as set out in Rule 13.40 of the Listing Rules and no Shareholder was required under the Listing Rules to abstain from voting. No person had indicated in the Circular of his/her intention to vote against or to abstain from voting on the Resolution at the SGM.

Tricor Abacus Limited, the Hong Kong branch share registrar of the Company, was appointed as the scrutineer for the vote-taking at the SGM.

By order of the Board

Ground Properties Company Limited Chai Xiu

Chairperson

Hong Kong, 18 January 2016

As at the date of this announcement, the executive Directors are Ms. Chai Xiu, Mr. Wang Guanghui and Mr. Huang Bingxing and the independent non-executive Directors are Mr. Chan Yuk Tong, Mr. Mei Jianping and Mr. Wei Lidong.