Lifestyle Properties Development : Restoration of Public Float

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.

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)

RESTORATION OF PUBLIC FLOAT

This announcement is made by Lifestyle Properties Development Limited (the ''Company'') pursuant to Rule 13.09(2) of the Rules Governing the Listing of Securities on The Stock Exchange of Hong Kong Limited (the ''Listing Rules'') and Part XIVA of the Securities and Futures Ordinance (Chapter 571, the Laws of Hong Kong).

Reference is made to (i) the announcement dated 31 May 2017 issued jointly by Mega Regal Limited (''Mega Regal'') and the Company in relation to, among others, the close of the Offer and the public float; (ii) the announcement dated 8 June 2017 issued by the Company in relation to the waiver granted by The Stock Exchange of Hong Kong Limited (the ''Stock Exchange'') to the Company from strict compliance with Rule 8.08(1)(a) of the Listing Rules for the period from 31 May 2017 to 14 July 2017; and (iii) the announcement of the Company dated 7 July 2017 in relation to the placing of shares by the controlling shareholder.

RESTORATION OF PUBLIC FLOAT

The Company was informed by Mega Regal that through its placing agent, namely Dongxing Securities (Hong Kong) Company Limited, on 10 July 2017 Mega Regal has completed the placing of 28,938,000 Shares held by it (the ''Placing Shares''), representing approximately 6.91% of the issued share capital of the Company as at the date of this announcement, to not less than six placees (the ''Placees'') at the price of HK$5.33 per Placing Share (the ''Placing''), in order to assist the Company to restore its public float.

To the best of the knowledge, information and belief of the Company having made all reasonable enquiries, each of the Placees and their respective beneficial owner(s) are third parties independent of, and not connected with, the Company and its connected persons (as defined under the Listing Rules).

Upon completion of the Placing, a total of 105,529,248 Shares, representing approximately 25.18% of the issued share capital of the Company, are held by the public Shareholders. As such, the public float of the Company has been restored to not less than 25% of the total issued Shares in compliance with Rule 8.08(1)(a) of the Listing Rules.

Set out below is the shareholding structure of the Company immediately before and after the completion of the Placing:

Immediately before completion of the Placing

Immediately after completion of the Placing

Number of

shares

Approximate

%

Number of

shares

Approximate

%

Mega Regal Public Shareholders	342,522,752	81.73	313,584,752	74.82
Placees	-	-	28,938,000	6.91
Other public Shareholders	7 6 , 5 9 1 , 2 4 8	1 8 . 2 7	7 6 , 5 9 1 , 2 4 8	1 8 . 2 7
Total	4 1 9 , 1 1 4 , 0 0 0	1 0 0 . 0 0	4 1 9 , 1 1 4 , 0 0 0	1 0 0 . 0 0

By order of the Board

Lifestyle Properties Development Limited Lin Rongbin

Chairman

Hong Kong, 10 July 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.