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.

This announcement is not for distribution, directly or indirectly, in or into the United States. This announcement and the information contained herein does not constitute or form part of an offer to sell securities in the United States. Securities may not be offered or sold in the United States unless registered pursuant to the U.S. Securities Act of 1933, as amended (the "Securities Act"), or pursuant to an applicable exemption from such registration requirement. Any public offering of securities to be made in the United States will be made by means of a prospectus that will contain detailed information about our company and management, as well as financial statements. The securities referred to herein have not been and will not be registered under the Securities Act and no public offering of securities will be made in the United States. No money, securities or other consideration is being solicited by this announcement or the information contained herein and, if sent in response to this announcement or the information contained herein, will not be accepted.
(incorporated in Hong Kong with limited liability)

(Stock code: 1668) Full Conversion Of Convertible Notes Due 2018 And Overseas Regulatory Announcement

Reference is made to the announcements of the Company dated 1 April 2013, 9 April 2013 and 6

March 2014 respectively in relation to the 6.5% convertible notes due 2018 issued by the Issuer, a wholly-owned subsidiary of the Company (the "Convertible Notes"). Unless otherwise stated, Capitalized terms used herein shall bear the same meanings as set out in the announcement of the Company dated 1 April 2013.

The Company hereby announces that the holder of the Convertible Notes exercised its right to convert the Convertible Notes in the aggregate principal amount of HK$975,000,000 into

624,999,999 Shares (the "Conversion Shares"). The Conversion Shares have been allotted and issued on 9 July 2014. The Conversion Shares rank pari passu with all the existing issued Shares and represent approximately 8.23% of the total number of issued shares of the Company as enlarged by the issue and allotment of the Conversion Shares. All the Convertible Notes have been converted into Conversion Shares such that no Convertible Notes remain on issue at the date of this

announcement. The Issuer will procure the delisting of the Convertible Notes from the Official List

of the Singapore Exchange Securities Trading Limited.

This overseas regulatory announcement is issued pursuant to Rule 13.10B of the Listing Rules.

By order of the Board

China South City Holdings Limited Cheng Chung Hing

Co-Chairman & Executive Director

Hong Kong, 9 July 2014

As at the date of this announcement, the executive directors of the Company are Mr. Cheng Chung Hing, Mr. Leung Moon Lam and Professor Xu Yang; the non-executive directors of the Company are Dr. Ma Kai Cheung, SBS, BBS, Mr. Sun Kai Lit Cliff, BBS, JP, Dr. Ma Wai Mo, Mr. Cheng Tai Po and Mr. Lin Ching Hua; and the independent non- executive directors of the Company are Mr. Leung Kwan Yuen Andrew, GBS, SBS, JP, Mr. Li Wai Keung, Mr. Hui Chiu Chung Stephen, JP and Mr. Yung Wing Ki Samuel, SBS, MH, JP.

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