(19 November 2014, Hong Kong) Landing International Development Limited (“Landing International” or the “Company”) (HKEx Code: 00582) announces its partnership with Genting Hong Kong Limited (“Genting HK”; HKEx Code: 00678) for the formation of a joint venture to operate the Jeju Casino under Genting Trademarks. Genting HK will invest KRW130 billion (equivalent to approximately HKD917 million) in the joint venture as working capital of the casino. The transaction will lead to the introduction of the first world-class casino brand to Jeju, marking a key milestone in the tourism industry.

Genting HK will subscribe 50% equity interest of Landing International's subsidiary to form the joint venture. The casino is located in Hyatt Regency Jeju hotel and is pursuant to one of the eight gaming licenses in Jeju under the Tourism Promotion Act. The casino is now under renovation and is expected to reopen in January 2015, and is expected to have around 30 gaming tables and 16 slot machines at its reopening. The joint venture will operate the Jeju Casino under Genting Trademarks, and will be able to use the Genting Trademarks and all of its confidential and proprietary information, techniques and system necessary for the operation of the Jeju Casino.

Genting HK is an investment holding company and a leading global leisure, entertainment and hospitality enterprise. Genting HK has a presence in more than 20 locations worldwide and is part of the Genting Group, a corporation with over 50 years of history and is one of Asia’s leading and best managed multinational corporations. One of Genting Group’s listed companies, Genting Singapore, has been at the forefront of gaming and integrated resort development in Australia, the Bahamas, the Philippines and the United Kingdom, including its best known flagship project, Resort World Sentosa Singapore. Leveraging Genting Group's international expertise in world-class resort operation, the joint venture will be able to tap on a reliable and reputable platform for the development of Jeju’s tourism industry.

Mr. Yang Zhihui, Chairman of Landing International, said, “We are always excited about the enormous potential of Korea Gaming market. Given its geographical proximity to China and Japan, it has already become the 3^rd largest gaming market in Asia with its 40 years of gaming history. We are particularly bullish on the development of Jeju, the largest island of Korea. With the visa-free policy for over 180 countries including China and Japan, it has successfully attracted over 10 million tourists in 2013. Our cooperation with Genting HK will introduce to Jeju an international world-class experience and expertise in operating and managing a world-class mega gaming and integrated resort. It will be able to greatly enhance the operational efficiency and performance of the Jeju Casino and lay solid foundations for the future development of our businesses in Korea, including our jointly-developed Myth-History Park project, and turn Jeju into a paradise of North Pacific.”

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