Landing International Welcomes New Major Shareholder

28 Feb 2018

(28 February 2018, Hong Kong) Landing International Development Limited (“Landing International” or the “Company”, together with its subsidiaries, the “Group”, HKEx Code: 00582) is pleased to announce that it has come to its attention today that Tinmark Development Limited, a substantial shareholder of China Goldjoy Group Limited (“China Goldjoy”, HKEx Code: 1282) has become a major shareholder of Landing International, holding 7,384,740,000 shares in Landing International, representing 5.01% of the Company’s issued share. Based on Feb 28 closing share price of HK$0.345 per share, the above shares worth HK$2.55 billion.

China Goldjoy and its subsidiaries are engaged in a wide range of business, including property investment and development, financial services and securities investment.

Dr. Yang Zhihui, Chairman and Executive Director of Landing International, said, “Landing International is honoured and welcomes its new major shareholder. We appreciate China Goldjoy’s confidence in Landing International. With the successful opening of Jeju Shinhwa World, the Group will continue to look for suitable opportunities to develop and/or operate similar resorts to tap into the growing tourism markets in Asia. We are open to work with suitable partners including China Goldjoy on any suitable project in the region. We will strive to grow the Group to become a leading hospitality, leisure and entertainment integrated resorts operator in the region and deliver shareholder’s value and return.”

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