Haichang Ocean Park Holdings Ltd. (SEHK:2255) won the bids and entered into contracts to acquire three land plots in Lingang Main City Zone from Shanghai Municipal Bureau of Planning and Land Resources for approximately CNY 730 million in cash on January 16, 2015. Haichang Ocean Park won the bids of CNY 315.2 million for the land use rights in respect of the Land Plot One (land plot WNW-C3-03) and CNY 412.9 million in total for the land use rights in respect of the Land Plot Two (land plot WNW-C3-04) and the Land Plot Three (land plot WNW-C3-05). Within five business days and 30 business days from the execution of the Land Grant Contract One, Haichang Ocean Park shall pay 20% of the consideration as deposit and the balance of the consideration, respectively. Within five business days and 30 business days from the execution of the Land Grant Contract Two, Haichang Ocean Park shall pay 20% of the consideration as deposit and the balance of the consideration, respectively.

Haichang Ocean Park will satisfy the consideration from the net proceeds obtained from the Listing of Haichang Ocean Park. The transaction is exempt from the shareholders' approval requirement. The Land Plot One will be delivered to Haichang Ocean Park within 40 business days from the execution of the Land Grant Contract One. The Land Plot Two and the Land Plot Three will be delivered to Haichang Ocean Park within 40 business days from the execution of the Land Grant Contract Two. As on September 16, 2015, the project for Shanghai Haichang Polar Ocean Park was formally approved as a prerequisites for subsequent construction application.

Haichang Ocean Park Holdings Ltd. (SEHK:2255) completed the acquisition of three land plots in Lingang Main City Zone from Shanghai Municipal Bureau of Planning and Land Resources on January 16, 2015.