Greenland Hong Kong : Delay in Despatch of Circular in Relation to Connected Transactions

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.

綠地香港控股有限公司

(incorporated in the Cayman Islands with limited liability)

Reference is made to the announcement of Greenland Hong Kong Holdings Limited (the "Company") dated 20 October 2017 (the "Announcement") in relation to the connected transactions arising from the Contractor Agreements. Unless the context otherwise requires, terms and expressions defined in the Announcement shall have the same meanings when used herein.

As disclosed in the Announcement, a circular (the "Circular") containing, among others, details of the Contractor Agreements, a letter from the Independent Board Committee and a letter from the independent financial adviser, both advising on the terms of the Contractor Agreements, and a notice of EGM would be despatched to the Shareholders on or before 10 November 2017.

As additional time is required for the Company to finalise certain information to be included in the circular, the despatch date of the circular to the Shareholders is expected to be delayed to a date falling on or before 1 December 2017.

The Board is pleased to announce that each of the Contractor Agreements (other than the Guangxi Main Contractor Agreement which was signed on 7 November 2017) was signed on 3 November 2017 by the relevant parties to the agreements. The principal terms of the Contractor Agreements are same as those set out in the Announcement. Further details of the Contractor Agreements and the transactions contemplated thereunder will be contained in the Circular.

By order of the Board

Chairman

Hong Kong, 10 November 2017

As at the date of this announcement, the executive directors of the Company are Mr. Chen Jun, Mr. Wang Weixian, Mr. Hou Guangjun, Mr. Wu Zhengkui and Ms. Wang Xuling; and the independent non-executive Directors are Mr. Cheong Ying Chew, Henry, Mr.Fong Wo, Felix, JP, and Mr. Kwan Kai Cheong.