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.

This announcement appears for information purposes only and does not constitute an invitation or offer to acquire, purchase or subscribe for the securities.


COASTAL GREENLAND LIMITED

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(Incorporated in Bermuda with limited liability)

(Stock Code: 1124) POSSIBLE GENERAL OFFER OBLIGATION NOT TRIGGERED

This announcement is made by Coastal Greenland Limited (the "Company") pursuant to Rule

13.09 of the Rules Governing the Listing of Securities on The Stock Exchange of Hong Kong Limited and Part XIVA of the Securities and Future Ordinance (Cap. 571 of the Laws of Hong Kong).

Reference is made to the announcement (the "Announcement") of the Company dated 24 January

2014 in relation to the Open Offer and the possible General Offer. Terms used herein shall have the same meanings as those defined in the Announcement unless the context requires otherwise.

The Board is pleased to announce that the Open Offer became unconditional at 4:00 p.m. on Monday, 10 March 2014. Based on the preliminary results of the Open Offer, the Open Offer was over-subscribed. The Company will publish an announcement on the results of the Open Offer on Friday, 14 March 2014.

Due to the over-subscription in respect of the Open Offer, CIH (as the Underwriter) was not obliged to take up any untaken Open Offer Share pursuant to the Underwriting Agreement. Consequently, the possible General Offer obligation of CIH was not triggered.

The offer period closed on the date of this announcement for the purpose of the Takeovers Code.

By order of the Board

Coastal Greenland Limited Jiang Ming

Chairman

Hong Kong, 10 March 2014

As at the date of this announcement, the board of directors of the Company comprises Mr. Jiang Ming, Mr. Tao Lin, Mr. Cai Shaobin and Ms. Wang Hongmei as executive directors, Mr. Lu Jiqiang and Dr. Dai Jingming as non-executive directors and Mr. Chen Xiaotian, Mr. Wong Kai Cheong and Mr. Yang Jiangang as independent non-executive directors.

* For identification purpose only

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The Directors jointly and severally accept full responsibility for the accuracy of the information contained in this announcement (other than information relating to CIH) and confirm, having made all reasonable enquiries, that to the best of their knowledge, opinions expressed in this announcement have been arrived at after due and careful consideration and there are no other facts not contained in this announcement the omission of which would make any statement in this announcement misleading.
Mr. Jiang Ming, Mr. Chan Boon Teong, Mr. Tao Lin, Mr. Cheng Wing Bor and Mr. Lin Chen Hsin, being the directors of CIH, jointly and severally accept full responsibility for the accuracy of the information in relation to CIH contained in this announcement and confirm, having made all reasonable enquiries, that to the best of their knowledge, opinions expressed in this announcement have been arrived at after due and careful consideration and there are no other facts not contained in this announcement the omission of which would make any statement in this announcement misleading.

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