Lifestyle Properties Development : Further Delay in Despatch of Circular

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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)

FURTHER DELAY IN DESPATCH OF CIRCULAR

Reference is made to the announcement of Sansheng Holdings (Group) Co. Ltd. (the ''Company'') dated 7 July 2017 and 31 July 2017 (collectively, the ''Announcements'') in relation to, among other things, the formation of the JV Company. Unless otherwise stated, capitalised terms used herein shall have the same meanings as those defined in the Announcements.

As set out in the Announcements, a circular (the ''Circular'') containing (i) further information on the JV Agreement and transactions contemplated thereunder; (ii) the recommendation from the Independent Board Committee to the Independent Shareholders in relation to the JV Agreement and transactions contemplated thereunder; (iii) the letter of advice from the Independent Financial Adviser in relation to the JV Agreement and transactions contemplated thereunder; and (iv) a notice of the EGM for the formation of the JV Company is expected to be despatched on or before 31 August 2017. As additional time is required for preparing the information to be included in the Circular, the despatch of the Circular is expected to be postponed to a date falling on or before 25 September 2017.

By order of the Board

Sansheng Holdings (Group) Co. Ltd.

Lin Rongbin

Chairman

Hong Kong, 30 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.