(18 April 2016, Hong Kong) Landing International Development Limited (“Landing International” or the “Company”, HKEx Code: 00582) is pleased to announce that its world-class Myths-History Park integrated resort in Jeju, Korea launched the initial subscription of its resort condominium project on 16 April 2016. Among the 721 high-end resort units, 447 have been successfully subscribed at a total amount of RMB2.58 billion, hitting a subscription record for properties of the same kind among leisure and cultural facilities in Jeju.

Mr. Yang Zhihui, Chairman of Landing International, said, “I am pleased and encouraged by the initial subscription results of our resort condominium project in Myths-History Park. It does not only prove the recognition from the local market in Jeju on Landing’s innovative design concept of “Resort + Ecosystem + Villas”, but also proves the success of the Group’s cooperation as a foreign investment partner with Jeju Free International City Development Center. I would like to express my gratitude to the Jeju government for its support and to Landing’s employees for their dedication, which has contributed to our miracle made on this beautiful land of Jeju.”

The world-class Myths-History Park integrated resort is jointly developed by Landing Jeju Development Co., Ltd., a joint venture between Landing International and Genting Singapore PLC (“Genting Singapore, SGX Code: G13”). Spanning across a land area of approximately 2.5 million square metres, the resort houses a family theme park, premium hotels, adventure waterpark and meeting and conference facilities. In addition, there are resort condominium projects located in zones R and H, offering approximately 1,500 luxury resort apartments and villas which are just a few minutes' drive from the global Education City with a number of top-branded international universities. Investment immigration is available for the resort condominium projects, in which the purchasers are eligible for applying for permanent residency in Korea according to local legislation.

The initial pre-sales ceremony was held at Seogwipo-si in Jeju. Apart from the 600 VIPs who had already subscribed for the resort condominium project, hundreds of guests from all over the world participated in the ceremony. The 721 high-end units launched included 658 resort apartments and 63 villas, accounting for approximately half of the total of 1,500 units. All subscribed units are furnished with area ranging from 154 square metres to 1,221 square metres. Comprehensive project planning was carried out to ensure strict protection of native forest areas in the development process, creating a world-class leisure resort through an innovative integration of elements of entertainment, lifestyle, leisure, education, investment and shopping. As of the end of 2015, 70% to 80% of the construction work of resort apartments and villas located in zone R has been completed. Interior decoration has been initially commenced with target completion slated in the beginning of 2017. Actual completion date will be subject to progress of the construction, market conditions and other factors.

Mr. Yang Zhihui concluded, “Proceeds from the sales of the resort condominium project will further strengthen the Group’s financial position. Nonetheless, we will not be complacent with the satisfactory subscription results which is just the first step to achieve success in the project. With the support from all parties, we will push forward the progress of the remaining part of the project and work closely with our partners to dedicate to the completion of the entire resort. We look forward to offering our every single visitor an excellent experience at the time of our project’s opening in 2017. We expect the project to propel the tourism industry of Jeju to another new height and bring better returns for our investors."

Mr. Lee Poh Yee, Chief Executive Officer of Landing Jeju Development Co., Ltd., delivered a welcome note on behalf of Myths-History Park.

Apart from the 600 VIPs who had already subscribed for the resort condominium project, hundreds of guests from all over the world participated in the ceremony.

The 721 high-end units launched were all furnished.

Myths-History Park spans across a land area of approximately 2.5 million square metres, and is expected to become one of the largest integrated resorts in South Korea.

About Myths-History Park

The world-class Myths-History Park integrated resort is jointly developed by Landing Jeju Development Co., Ltd., a joint venture between Landing International and Genting Singapore PLC (“Genting Singapore, SGX Code: G13”), and is expected to be one of the largest integrated resorts in South Korea. Spanning across a land area of approximately 2.5 million square metres, the project is slated to open progressively from 2017. Myths-History Park will house Jeju’s largest family theme park offering more than 20 rides and attractions in 7 different zones themed after myths and legends from all over the world, as well as Jeju’s largest adventure waterpark and one of Korea’s most exciting themed retail and food complexes. Its premium hotels will have more than 2,000 rooms, luxury villas, Jeju Island’s first 6-star hotel and a destination spa center. The hotels are equipped with full meeting and conference facilities that are suitable for hosting regional and international meetings, incentives, conventions and events (MICE). In addition, there will be gaming entertainment; cultural facilities, leisure and entertainment amenities, as well as approximately 1,500 luxury resort apartments and villas. The entire development is expected to be completed by 2019. The project has been designated as “Foreign Investment Zone” under the Foreign Investment Promotion Law in Korea and is eligible for multiple tax relief benefits.

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