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.

(Incorporated in Hong Kong with limited liability)

(Stock Code: 119) DISCLOSURE PURSUANT TO RULE 13.18 OF THE LISTING RULES

This announcement is made pursuant to Rule 13.18 of the Rules Governing the Listing of Securities on The Stock Exchange of Hong Kong Limited (the "Listing Rules").

The board of directors (the "Board") of Poly Property Group Co., Limited (the "Company") announces that on 23 May 2017, the Company (as the borrower) entered into a facility agreement (the "Facility Agreement") with China CITIC Bank International Limited as facility agent (the "Facility Agent") and certain other banks for a 36-month term loan facility of HK$3,900,000,000 (the "Loan").

Pursuant to the Facility Agreement, if, among other things, China Poly Group Corporation ("China Poly") (a) ceases to be the single largest shareholder of the Company or ceases to hold, directly or indirectly through its controlled corporations (as defined under Part XV of the Securities and Futures Ordinance), at least 40% of the issued share capital of the Company; (b) ceases to maintain management control of the Company; or (c) ceases to be under the control and supervision of the State-owned Assets Supervision and Administration Commission of the State Council of the People's Republic of China, the Facility Agent may declare that all or part of the Loan together with interest and any other amounts accrued thereunder be immediately due and payable. As at the date of this announcement, China Poly and its subsidiaries, in aggregate, hold approximately 47.32 % of the total issued ordinary share capital of the Company.

The Company will make continuing disclosure in its subsequent interim and annual reports pursuant to the requirements of Rule 13.21 of the Listing Rules so long as circumstances giving rise to the relevant disclosure obligation continue to exist.

Hong Kong, 23 May 2017

By order of the Board

Poly Property Group Co., Limited XUE Ming

Chairman

As at the date of this announcement, the executive directors of the Company are Mr. Xue Ming, Mr. Han Qingtao, Mr. Wang Xu, Mr. Ye Liwen and Mr. Zhu Weirong, the non-executive director is Mr. Ip Chun Chung, Robert, and the independent non-executive directors are Mr. Choy Shu Kwan, Miss Leung Sau Fan, Sylvia and Mr. Wong Ka Lun.

Poly Property Group Co. Limited published this content on 23 May 2017 and is solely responsible for the information contained herein.
Distributed by Public, unedited and unaltered, on 23 May 2017 10:50:17 UTC.

Original documenthttp://www.polyhongkong.com.hk/a_images/files/2017052364119.pdf

Public permalinkhttp://www.publicnow.com/view/C71DC1F5E4ED4BC112949C9469F3D67D424D9947