Hengli Commercial Properties : Announcements and Notices - Major Transaction - Disposal of London Property Project Delay in Despatch of Circular and Other Updates

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WANDA HOTEL DEVELOPMENT COMPANY LIMITED

(Incorporated in Bermuda with limited liability)

(Stock Code : 169)

MAJOR TRANSACTION -

DISPOSAL OF LONDON PROPERTY PROJECT

DELAY IN DESPATCH OF CIRCULAR

AND

OTHER UPDATES

Delay in Despatch of Circular of Disposal of London Property Project

Reference is made to the announcement (the "Announcement") of Wanda Hotel Development Company Limited (the "Company") dated 16 January 2018 with respect to, among others, the major transaction of the Company regarding the sale of all the issued shares in Wanda International Real Estate Investment Co. Limited (the "Target Company"). Unless the context requires otherwise, capitalised terms used herein shall bear the same meanings as defined in the Announcement.

In accordance with Rule 14.41(a) of the Listing Rules, the Company is required to despatch a circular in relation to, among others, further information in respect of the Disposal and other information as required by the Listing Rules within 15 business days from the date of publication of the Announcement, i.e. on or before 6 February 2018. As additional time is required for the Company to prepare and finalise the information to be contained in the circular, the Company has applied for a waiver from strict compliance with Rule 14.41(a) and an extension of time for despatch of the circular referred to in the Announcement. A further announcement will be made in relation to the result of the waiver application.

Other Updates

Reference is made to the announcement (the "Proposed Reorganisation Announcement") of the Company dated 4 December 2017 with respect to, among others, the proposed reorganisation of the Company. The Company has been informed by its parent company Wanda Commercial Properties Overseas Limited ("Wanda Overseas") that the respective parties to the ProposedTransfer (as defined in the Proposed Reorganisation Announcement) or the transfer of Wanda Overseas, as contemplated in the Letter of Intent (as defined in the Proposed Reorganisation Announcement) have decided to postpone the completion of the transfer to a date to be agreed and further announcement will be made on completion.

By Order of the Board

Wanda Hotel Development Company Limited

Ding Benxi

Chairman

Hong Kong, 7 February 2018

As at the date of this announcement, Mr. Ding Benxi (Chairman), Mr. Zhang Lin and Mr. Hui Yung, Chris are the non-executive Directors; Mr. Ning Qifeng is the executive Director; and Mr. Liu Jipeng, Dr. Xue Yunkui and Mr. Zhang Huaqiao are the independent non-executive Directors.