Landing International Development Limited
Landing International to Raise HK$6.543 Billion Through Rights Issue Fully Underwritten by Major Shareholder to Fund Integrated Resort Project in Jeju and Ongoing Projects – Strengthen Financial Position and Lay A Solid Foundation for Future Development

[For Immediate Release]

Landing International to raise HK$6.543 billion through rights issue
fully underwritten by major shareholder
to fund integrated resort project in Jeju and ongoing projects

Strengthen financial position and lay a solid foundation for future development

(22 April, 2015, Hong Kong) Landing International Development Limited (“Landing International” or the “Company”) (HKEx Code: 00582) announces its proposal for share consolidation and rights issue to expand its share capital with the aim of raising net proceeds of about HK$6.543 billion (before expenses) to finance its Myth-History Park integrated resort project in Jeju, Korea and other ongoing projects.

The rights issue will be fully underwritten by the Company’s chairman and controlling shareholder Mr. Yang Zhihui through his wholly-owned company Landing International Limited. The arrangement reflects the controlling shareholder’s confidence in the Company, and substantially enhances the Company’s financial position which will ensure smooth development of the Company’s project in Jeju, laying a solid foundation for future development.

The net proceeds from the fund-raising exercise will be mainly used to finance the Company’s Myth-History Park integrated resort project in Jeju (“Jeju Project”). The Jeju Project is owned by a joint venture between the Company and Genting Singapore PLC (SGX Code: G13). Spanning across a land area of approximately 2.5 million square metres, the project has a total investment of US$1.8 billion (equivalent to approximately 1.9 trillion KRW). As a world-class tourism destination, the Jeju Project will house Jeju’s largest family theme park and adventure waterpark, as well as one of Korea’s most exciting themed retail and food complexes. It will also comprise premium hotels, luxury villas, conferencing and exhibition facilities as well as gaming and shopping facilities. A groundbreaking ceremony attended by approximately 500 guests was held on 12 February 2015 in Jeju to celebrate the commencement of the construction work, which has been going well thus far with earthwork currently in progress. The project is scheduled to be opened for business in phases in 2017.

In addition, part of the proceeds will be used to establish a training centre in the resort project to prepare the local recruits for such businesses as property development and gaming. The rest of the proceeds will be used to fund the Company’s other projects and used as the Company’s working capital.

Mr. Yang Zhihui, Chairman of Landing International, said, “We are full of confidence in the prospects of the Korean market and our Jeju Project. Given that the Jeju Project, which is in the initial stage of construction, is temporarily unable to generate its own operating cash flow for development, we propose a timely move to expand the Company’s share capital that will enhance our financial strength to forge ahead with our Jeju Project and other ongoing projects. This will allow the Company to lower its financing costs and fully capture the business opportunities and build up its business presence in markets with bright prospects. We will continue to adhere to our prudent financial management to enhance profit margins of our property development business and generate better returns to our shareholders.”

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About Landing International Development Limited

Landing International Development Limited (the “Company”), and its subsidiaries, is principally engaged in property development, development and operation of the integrated resort, casino business carried under a casino license, and design, manufacturing and sales of the light-emitting diode. The Company has been listed on the main board of Hong Kong, and has become a constituent stock of the Hang Seng Family of Indexes. The majority of the shares in the Company is held by Landing International Limited which is wholly owned by Mr. Yang Zhihui, Chairman and Executive Director of the Company. Mr. Yang is also the controlling shareholder of Anhui Landing Holding Group Co., Ltd, the only real estate company in Anhui province honoured with the title of “The Star of Top 100 Chinese Real Estate Enterprises for the Year 2013” by the Chinese Real Estate Top 10 Research Team.

For more information, please contact:

iPR Ogilvy Ltd.
Callis Lau / Molisa Lau / Maggie Chui
Tel: +852 2136 6952 / 2136 6953 / 2136 8059
Fax: +852 3170 6606
Email: landing@iprogilvy.com