(Hong Kong, 17 June 2014) – Landing International Development Limited (“Landing International” or the “Company”) (HKEx: 582) is pleased to announce today that, on 16 June 2014, the Company completed its acquisition of the gaming business at Hyatt Regency Jeju Hotel, a five-star international brand hotel, that is operated under the tradename of Beluga Ocean Casino, at a consideration of KRW120,000,000,000 (equivalent to approximately HK$875,912,409). Upon completion, a total of 1,459,854,014 shares have been allotted and issued the issue price of HK$0.6 in full satisfaction of the consideration, representing approximately 8.34% of the Company’s enlarged issued share capital.

Mr. YANG Zhihui, Chairman of Landing International, stated: “We are excited to complete the acquisition of the gaming business and obtain one of the eight casino licenses granted by the Government of Jeju Island, Korea, enabling the Group to start our gaming and entertainment business immediately. By settling our payment with consideration shares, we can retain sufficient cash for future business use and seek other investment opportunities.”

About Landing International Development Limited (HKEx: 582)

Landing International Development Limited (the “Company”) is principally engaged in property development, including hotel and retail management, leisure & entertainment and other related businesses. The Company and Landing Jeju Development Co., Ltd., a subsidiary of the Company, and Jeju Free International City Development Center entered into a land acquisition agreement for the project in Jeju, Korea in October 2013. The project is intended to be a world-class integrated resort which consists of the development, management, operation of hotel(s), casino(s), shopping and entertainment complex, resorts and villas on the land located within the site designated for the resort. The majority of 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, who 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.

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