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.

GROUND INTERNATIONAL DEVELOPMENT LIMITED 廣澤國際發展有限公司

(Incorporated in Bermuda with limited liability)

(Stock Code: 989)

ANNOUNCEMENT

WITHDRAWAL OF LEGAL PROCEEDINGS

This announcement is made pursuant to Rule 13.09(2)(a) of the Rules Governing the Listing of Securities on The Stock Exchange of Hong Kong Limited and Inside Information Provision under Part XIVA of the Securities and Futures Ordinance (Cap. 571 of the Laws of Hong Kong).

Reference is made to the announcement of Ground International Development Limited (the "Company") dated 30 October 2017 (the "Announcement") in relation to, among other matters, a writ of summons issued in the Jilin Provincial Higher People's Court of the People's Republic of China (the "Jilin Higher Court") in which the Company, Ms. Chai Xiu, the Chairperson and executive director of the Company, and three subsidiaries of the Company are named as the defendants (the "Action"). Unless otherwise expressly indicated, capitalised terms used herein shall have the same meaning as those defined in the Announcement.

The Board would like to announce that pursuant to a civil court order dated 11 December 2017, an application to withdraw the Action was made by the Plaintiffs and such withdrawal had been accepted by the Jilin Higher Court.

The Board considers that both the Action and the Withdrawal have no material adverse impact on the existing business operation and financial position of the Group.

By order of the Board

Ground International Development Limited

Chai Xiu

Chairperson

Hong Kong, 18 December 2017

As at the date of this announcement, the executive directors of the Company are Ms. Chai Xiu, Ms. Cui Xintong, Mr. Wang Guanghui and Ms. Liu Hongjian; and the independent non-executive directors of the Company are Mr. Chan Yuk Tong, Mr. Mei Jianping and Mr. Xiang Qiang.

Ground International Development Limited published this content on 18 December 2017 and is solely responsible for the information contained herein.
Distributed by Public, unedited and unaltered, on 18 December 2017 04:39:07 UTC.

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