(Hong Kong, 8 June 2014) – Landing International Development Limited (“Landing International” or the “Company”) (HKEx: 582) is pleased to announce today that the Company entered into conditional subscription agreements with two independent subscribers to allot and issue a total of 1,200,000,000 new shares at a price of HK$0.5 per subscription share, which represents approximately 6.96% of the Company’s issued share capital of 17,236,399,858 shares as enlarged by the issue and allotment of subscription shares.

The subscription price of HK$0.5 represents a premium of approximately 6.38% to the closing price of HK$0.47 per Share as quoted on the Stock Exchange on 6 June 2014. The net proceeds arising from the subscriptions will amount to approximately HK$600 million which is intended to be used for the investment opportunities as may from time to time be identified and/or general working capital of the Group.

Mr. YANG Zhihui, Chairman of Landing International, stated: “We have been actively looking for suitable investment opportunities to enhance our investment portfolio and future earning capability and potential. As such, the subscriptions will offer the Company with greater flexibility and bargaining power when considering and negotiating future investment opportunities which may have to be confirmed and decided within a short period of time, and with readily sufficient available fund and strengthen the financial position (in particular the working capital and cash flow position) of the Group. We believe the subscriptions would improve the cash reserve for the on-going development of the Group.”

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