Sino Land : Appointment of Mr. Sunny Yeung Kwong as an Executive Director

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The board of directors (the "Board") of Sino Land Company Limited (the "Company") is pleased to announce that Mr. Sunny Yeung Kwong has been appointed as an Executive Director of the Company with effect from 21st November, 2016.

Mr. Sunny Yeung Kwong, aged 61, holds degrees in Law, Arbitration and Dispute Resolution, and Architecture. He is a registered architect, a non-practising barrister and a fellow of the Chartered Institute of Arbitrators. He has extensive experience in architecture, property and project management. Prior to joining the Company, he had held senior positions in various reputable organizations. Mr. Yeung was an Executive Director of the Company for the period from 1st July, 2008 to 21st June, 2011.

Save as disclosed above, Mr. Yeung does not hold and has not in the last three years held any directorships in other public companies the securities of which are listed on any securities market in Hong Kong or overseas, and other major appointments and professional qualifications. He does not have any relationship with any director, senior management, substantial shareholder or controlling shareholder of the Company.

The Company's emolument policy is to ensure that the remuneration offered to employees, including Executive Directors and senior management, is based on the skill, knowledge, responsibilities and involvement in the Company's affairs. The remuneration packages of Executive Directors are also determined by reference to the Company's performance and profitability, the prevailing market conditions and the performance or contribution of each Director. Under his contract of employment, Mr. Yeung will receive an annual salary which together with other benefits amounts to approximately HK$5,797,200 and is eligible to receive a performance-related discretionary bonus. Mr. Yeung is entitled to an annual director's fee of HK$20,000 or such other sum of director's fee to be fixed by the Board pursuant to the authority granted by the shareholders at the annual general meetings. There is no director's service contract entered into between Mr. Yeung and the Company. There will be no fixed term of Mr. Yeung's service as a director of the Company, but he will be subject to retirement by rotation and re-election at annual general meetings of the Company in accordance with the Articles of Association of the Company.

As at the date hereof, Mr. Yeung does not have any interest in shares of the Company within the meaning of Part XV of the Securities and Futures Ordinance (Chapter 571 of the Laws of Hong Kong).

Save as disclosed above, there is no other matter relating to the appointment of Mr. Yeung that needs to be brought to the attention of the shareholders of the Company and there is no other information that needs to be disclosed pursuant to the requirements of Rule 13.51(2)(h) to (v) of the Rules Governing the Listing of Securities on The Stock Exchange of Hong Kong Limited.

The Board expresses its warm welcome to Mr. Yeung on joining the Board.

By Order of the Board Robert Ng Chee Siong Chairman

Hong Kong, 21st November, 2016

As at the date hereof, the Executive Directors of the Company are Mr. Robert Ng Chee Siong, Mr. Daryl Ng Win Kong, Mr. Ringo Chan Wing Kwong, Ms. Alice Ip Mo Lin, Mr. Gordon Lee Ching Keung and Mr. Sunny Yeung Kwong, the Non-Executive Director is The Honourable Ronald Joseph Arculli, and the Independent Non-Executive Directors are Dr. Allan Zeman, Mr. Adrian David Li Man-kiu, Mr. Steven Ong Kay Eng and Mr. Wong Cho Bau.