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.

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WANDA HOTEL DEVELOPMENT COMPANY LIMITED

(Incorporated in Bermuda with limited liability)

(Stock Code : 169)

HOLDING ANNOUNCEMENT

Reference is made to the announcements of Wanda Hotel Development Company Limited (the "Company") dated 19 January 2018 and 22 January 2018 in relation to the trading halt in the shares of the Company on The Stock Exchange of Hong Kong Limited (the "Stock Exchange") with effect from 9:00 a.m. on 19 January 2018 pending the release of an announcement in relation to a possible very substantial disposal by the Company.

This announcement is made to inform the shareholders of the Company that on 18 January 2018, a non-wholly owned subsidiary of the Company entered into an agreement with an independent third party in relation to the disposal of the entire issued share capital of its wholly-owned subsidiary which owns the rights and interests in certain property projects in Australia (the "Disposal"). An announcement relating to the Disposal to be made by the Company in compliance with the Listing Rules is being prepared and will be published by the Company as soon as practicable.

Trading in the shares of the Company on the Stock Exchange remains halted pending the publication of the announcement relating to the Disposal.

By Order of the Board

Wanda Hotel Development Company Limited

Ding Benxi

Chairman

Hong Kong, 23 January 2018

As at the date of this announcement, Mr. Ding Benxi (Chairman), Mr. Zhang Lin and Mr. Hui Yung, Chris are the non-executive Directors; Mr. Ning Qifeng is the executive Director; and Mr. Liu Jipeng, Dr. Xue Yunkui and Mr. Zhang Huaqiao are the independent non-executive Directors.

Wanda Hotel Development Co. Ltd. published this content on 23 January 2018 and is solely responsible for the information contained herein.
Distributed by Public, unedited and unaltered, on 23 January 2018 11:54:08 UTC.

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