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.

KEY AUDITED CONSOLIDATED FINANCIAL INFORMATION OF AN INDIRECT WHOLLY-OWNED SUBSIDIARY OF THE COMPANY, SINO-OCEAN LAND LIMITED, FOR THE YEAR 2016

This announcement is made by Sino-Ocean Group Holding Limited (the "Company", together with its subsidiaries, the "Group") pursuant to Rule 13.09(2)(a) of the Rules Governing the Listing of Securities on The Stock Exchange of Hong Kong Limited (the "Listing Rules") and the Inside Information Provisions (as defined in the Listing Rules) under Part XIVA of the Securities and Futures Ordinance (Chapter 571 of the Laws of Hong Kong).

Pursuant to the relevant rules and regulations of the PRC and the requirements of the China Securities Regulatory Commission (中國證券監督管理委員會) in relation to corporate bond issued

in PRC by Sino-Ocean Land Limited (遠洋地產有限公司) ("SOLL"), an indirect wholly-owned

subsidiary of the Company and the principal subsidiary of the Company in the PRC, SOLL will publish, among other things, its audited consolidated financial statements for the year ended 31 December 2016 prepared in accordance with the China Accounting Standards for Business Enterprises on the website of Shanghai Stock Exchange (http:// www.sse.com.cn) on or around 26 April 2017.

Set out below are the key financial figures of SOLL's audited consolidated financial statements for the year ended 31 December 2016, together with the comparative figures, which have been prepared in accordance with the China Accounting Standards for Business Enterprises:

As at 31 December

2016

RMB'000

2015

RMB'000

Current assets

87,393,112

93,907,653

Non-current assets

35,313,844

35,397,700

Total assets

122,706,956

129,305,353

Current liabilities

57,879,642

62,833,587

Non-current liabilities

24,934,718

30,705,138

Total liabilities

82,814,360

93,538,725

Total equity

39,892,596

35,766,628

Cash resources#

17,711,193

15,351,959

# including restricted bank deposit

For the year ended 31 December

2016

RMB'000

2015

RMB'000

Revenue

28,032,250

27,271,427

Net profit after taxation

5,080,583

4,233,245

The Company would like to remind shareholders and potential investors of the Company that the audited consolidated financial statements of SOLL for the year ended 31 December 2016 to be published on the website of Shanghai Stock Exchange and the summary as disclosed in this announcement were prepared in accordance with the China Accounting Standards for Business Enterprises, which are limited solely to SOLL and its subsidiaries and do not represent or provide a full picture of the operation and financial conditions of the Group. The audited consolidated financial statements of SOLL for the year ended 31 December 2016 which were prepared under the China Accounting Standards for Business Enterprises had been audited by PricewaterhouseCoopers Zhong Tian LLP.

Shareholders and potential investors of the Company should exercise caution and should not place undue reliance on such information when dealing in the securities of the Company.

By order of the Board

Sino-Ocean Group Holding Limited CHUNG Kai Cheong

Company Secretary

Hong Kong, 26 April 2017

As at the date of this announcement, the directors of the Company comprise:

Executive Directors:

Mr. LI Ming Mr. LI Hu

Mr. WANG Yeyi Mr. SUM Pui Ying

Mr. WEN Haicheng Mr. LI Hongbo

Non-executive Directors:

Mr. ZHAO Lijun Mr. YAO Dafeng Mr. FANG Jun

Ms. SHANGGUAN Qing

Independent non-executive Directors:

Mr. TSANG Hing Lun Mr. HAN Xiaojing

Mr. WANG Zhifeng Mr. SUEN Man Tak Mr. JIN Qingjun

Sino-Ocean Land Holdings Limited published this content on 25 April 2017 and is solely responsible for the information contained herein.
Distributed by Public, unedited and unaltered, on 26 April 2017 09:19:16 UTC.