YANLORD LAND GROUP LIMITED

(Incorporated with limited liability in the Republic of Singapore)

(Registration Number: 200601911K)

Yanlord Land Group Limited ("Company") wishes to announce that: -

I)ESTABLISHMENT OF A NEW ENTITY IN HAINAN, THE PEOPLE'S REPUBLIC OF CHINA

Yanlord (Shenzhen) Investment Management Co., Ltd. 1 , a wholly-owned subsidiary of the Company, has set up a new company in Hainan, the People's Republic of China ("New Hainan Entity") with an interest of 51%. Details of the New Hainan Entity are set out below: -

Name of New Hainan Entity

:

Hainan Yanlord Luqiao Investment Co., Ltd.2

Registered capital

:

RMB10,000,000

Principal activity

:

Property development and other related activities

II)ESTABLISHMENT OF A NEW ENTITY IN SUZHOU, THE PEOPLE'S REPUBLIC OF CHINA

Yanlord Property Service Management (China) Co., Ltd.3 ("Yanlord Property"), a wholly-owned subsidiary of the Company, has set up a new company in Suzhou, the People's Republic of China ("New Suzhou Entity"). Details of the New Suzhou Entity are set out below: -

Name of New Suzhou Entity

:

Suzhou Gusheng Fitness Services Co., Ltd.4

Shareholder

:

Yanlord Property (100% interest)

Registered capital

:

RMB1,000,000

Principal activity

:

Fitness services and other related activities

Each of the above transaction is not expected to have any material impact on the net tangible asset or earnings per share of the Company for the financial year ended 31 December 2017.

None of the directors nor controlling shareholder of the Company has any interest, direct or indirect, in the above transactions, save for their respective interests, through their shareholdings and/or directorships, as the case may be, in the Company.

Submitted by:

Zhong Sheng Jian

Chairman and Chief Executive Officer

22 January 2018

  • 1 An unofficial English translation name of 仁恒(深圳)投资实业有限公司.

  • 2 An unofficial English translation name of 海南仁恒陆侨投资有限公司.

  • 3 An unofficial English translation name of 仁恒物业服务管理(中国)有限公司.

  • 4 An unofficial English translation name of 苏州固盛健身服务有限公司.

Yanlord Land Group Limited published this content on 22 January 2018 and is solely responsible for the information contained herein.
Distributed by Public, unedited and unaltered, on 22 January 2018 10:14:05 UTC.

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