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.

ACQUISITION OF LAND USE RIGHTS IN NANNING, THE PRC FOR DEVELOPMENT PURPOSE

This announcement is made pursuant to Rule 13.09 of the Rules Governing the Listing of Securities on The Stock Exchange of Hong Kong Limited. (the "Listing Rules").
The board of directors of Skyfame Realty (Holdings) Company (the "Company")
announces that on 6 January 2012,