Poly Property : GRANT OF SHARE OPTIONS

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: 00119)

GRANT OF SHARE OPTIONS

This announcement is made pursuant to Rule 17.06A of the Rules Governing the Listing of Securities (the "Listing Rules") on The Stock Exchange of Hong Kong Limited (the "Stock Exchange").

The board of directors (the "Board") of Poly Property Group Co., Limited (the "Company")

announces that subject to the acceptance of the grantees, the Company has granted 109,750,000 share options (the "Option(s)") carrying the rights to subscribe for a total of 109,750,000 ordinary shares in the capital of the Company (the "Share(s)") under its share option scheme adopted by shareholders in the annual general meeting of the Company held on 28 May 2014, details of which are set out as below:

Date of grant:	10 January 2019 ("Date of Grant")
Exercise price of	HK$2.520 per Share (which is the highest of (i) the closing price of
Options offered to be	HK$2.520 per Share as stated in the Stock Exchange's daily
quotation sheets on the Date of Grant, being a business day, and (ii)
	granted:
the average closing price of HK$2.488 per Share as stated in the
Stock Exchange's daily quotation sheets for the five business days
immediately preceding the Date of Grant)
Number of Options	109,750,000 Options (each Option entitles its holder to subscribe
offered to be granted:	for one Share)
Validity period of the	Validity period of the Options is 6 years commencing from the Date
Options:	of Grant. The Options shall be exercisable only from 10 January
2021 to 9 January 2025 with the maximum number of Shares
entitled to be subscribed by each grantee as follows:
(a) 33% of the total number of Shares subject to his/her respective
Options from 10 January 2021 to 9 January 2023;
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(b) 33% of the total number of Shares subject to his/her respective

Options from 10 January 2022 to 9 January 2024; and

(c)

34% of the total number of Shares subject to his/her respective Options from 10 January 2023 to 9 January 2025;

provided always that the grantee shall remain as a director of the Company, or an employee of the Company, or its subsidiaries at the exercise of the Options and satisfy certain performance criteria.

The Options were granted to the directors and certain employees with details as follows:

Name of grantee	Number of Share Option
Executive directors:
Han Qingtao	1,150,000
Wang Xu	1,150,000
Ye Liwen	850,000
Zhu Weirong	850,000
4,000,000
Employees	105,750,000
Total	109,750,000

Save as disclosed in this announcement, none of the grantees is a director, chief executive or substantial shareholder of the Company, nor an associate (as defined in the Listing Rules) of any of them. In accordance with Rule 17.04(1) of the Listing Rules, the grant of the Options to each of the above directors of the Company has been approved by the independent non-executive Directors of the Company.

By order of the Board

Poly Property Group Co., Limited

Xue Ming

Chairman

Hong Kong, 10 January 2019

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.

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