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.

(Incorporated in Hong Kong with limited liability)

(Stock Code: 119)

SUPPLEMENTAL ANNOUNCEMENT

Reference is made to the announcement of the Company dated 30 November 2017 (the "Announcement"), in relation to the proposed change of shareholding in Poly (Hong Kong) Holdings Limited (the "Reorganisation"). Unless otherwise defined, capitalised terms used herein shall have the same meanings as those defined in the Announcement. The Company would like to provide additional information in relation to the Reorganisation as set out below.

The Company would like to confirm that there is currently no change to the business strategy of the Company. The Company intends to engage with Poly Group and Poly Real Estate after completion of the Reorganisation, and will update its shareholders and investors in compliance with the Listing Rules as appropriate should the board of directors of the Company (the "Board") resolve that there be any change to the business strategy of the Company in the future.

Based on the current business strategy of the Company, should opportunities in the PRC property development projects arise in the ordinary course of business, the executive management team (including the executive Directors) of the Company will assess the merits of such opportunities in the normal course and will decide whether to pursue such opportunities taking into account normal commercial considerations. Should the Board be involved in such decision making, the directors of the Company will exercise their fiduciary duties owed to the Company and the shareholders of the Company.

By Order of the Board

Poly Property Group Co., Limited

XUE Ming

Chairman

Hong Kong, 22 January 2018

As at the date of this announcement, the executive directors of the Company are Mr. Xue Ming, Mr. Han Qingtao, Mr. Wang Xu, Mr. Ye Liwen and Mr. Zhu Weirong, the non-executive director is Mr. Ip Chun Chung, Robert, and the independent non-executive directors are Mr. Choy Shu Kwan, Miss Leung Sau Fan, Sylvia and Mr. Wong Ka Lun.

Poly Property Group Co. Limited published this content on 22 January 2018 and is solely responsible for the information contained herein.
Distributed by Public, unedited and unaltered, on 22 January 2018 08:59:07 UTC.

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