Lifestyle Properties Development : Change of Company Name, Stock Short Name,company Website and Company Logo

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.

Sansheng Holdings (Group) Co. Ltd.

三 盛 控 股（ 集 團 ）有 限 公 司

(formerly known as Lifestyle Properties Development Limited 利福地產發展有限公司)

(incorporated in the Cayman Islands with limited liability)

(Stock Code: 2183)

CHANGE OF COMPANY NAME, STOCK SHORT NAME, COMPANY WEBSITE AND COMPANY LOGO

Reference is made to the announcement of Sansheng Holdings (Group) Co. Ltd. (formerly known as Lifestyle Properties Development Limited) (the ''Company'') dated 7 July 2017 and the circular of the Company dated 17 July 2017 (the ''Circular'') in respect of, among other things, the Proposed Change of Company Name and the announcement of the Company dated 8 August 2017 relating to the poll results of the EGM held on 8 August 2017. Capitalised terms used herein shall have the same meanings as those defined in the Circular unless the context requires otherwise.

CHANGE OF COMPANY NAME

The Board is pleased to announce that subsequent to (i) the passing of the special resolution approving the Proposed Change of Company Name by the Shareholders at the EGM held on 8 August 2017; and (ii) the issue of the certificate of incorporation on change of name of the company by the Registrar of Companies in the Cayman Islands on 8 August 2017, the change of the official registered English name of the Company from ''Lifestyle Properties

Development Limited'' to ''Sansheng Holdings (Group) Co. Ltd.'' and replacement of ''利福

地產發展有限公司'' by ''三盛控股(集團)有限公司'' as the Company's Chinese name have

become effective on 8 August 2017. The certificate of registration of alteration of name of registered non-Hong Kong company was issued by the Registrar of Companies in Hong Kong on 21 August 2017 confirming the registration of the Company's new name ''Sansheng

Holdings (Group) Co. Ltd. 三盛控股(集團)有限公司'' in Hong Kong under Part 16 of the

Companies Ordinance (Chapter 622 of the laws of Hong Kong).

CHANGE OF STOCK SHORT NAME

The English stock short name of the Company will be changed from ''LIFESTYLE PPT'' to

''SANSHENG HLDG'' and the Chinese stock short name of the Company will be changed from ''利福地產'' to ''三盛控股'' for trading in the Shares on the Stock Exchange with

effect from 9 a.m. on 29 August 2017. The stock code of the Company on the Stock Exchange remains unchanged as ''2183''.

CHANGE OF COMPANY LOGO

With effect from 24 August 2017, the logo of the Company will be changed to reflect the change of the Company's name. The Company's old and new logos are set out below for identification purpose:

(old logo) (new logo)

EFFECTS OF THE CHANGE OF COMPANY NAME AND THE CHANGE OF COMPANY LOGO

The change of company name and the change of company logo will not affect any of the rights of the Shareholders. All existing share certificates of the Company in issue bearing the previous English name and Chinese name of the Company and the old logo will, after the change of company name and adoption of new logo, continue to be evidence of title to the Shares and will continue to be valid for trading, settlement, registration and delivery purposes. There will not be any arrangement for free exchange of the existing share certificates of the Company for new share certificates printed in the new English name and Chinese name and the new logo of the Company. Any subsequent new share certificates will be issued in the new English name and Chinese name and the new logo of the Company.

CHANGE OF COMPANY WEBSITE

With effect from 28 August 2017, the website of the Company will be changed from

''www.lifestyleproperties.com.hk'' to ''www.sansheng.hk''.

By order of the Board

Sansheng Holdings (Group) Co. Ltd.

Lin Rongbin

Chairman

Hong Kong, 24 August 2017

As at the date of this announcement, the Board comprises two executive Directors, namely Mr. Lin Rongbin and Ms. Cheng Xuan; two non-executive Directors, namely Mr. Xiao Zhong and Mr. Xu Jianwen; and three independent non-executive Directors, namely Mr. Pan Dexiang, Mr. Yuan Chun and Mr. Zhong Bin.