Pacific Alliance China Land Limited announced a distribution to shareholders of USD 5.0 million by way of a dividend of USD 1.88 per share, rounded down to the nearest USD 0.01, from the proceeds of the capital reduction of the Tianjin WFOE used for the Company's Project Beijing Olympic. The total Dividend is based on the Company's unaudited 30 June 2019 NAV of USD 6.9 million, reduced by estimated operating, delisting and winding up expenses plus a reserve. The record date for the dividend is 13 September 2019. All Shareholders as at the record date will be able to participate in the Dividend without any further action required on their part. Ex-date is 12 September 2019 with payment date on 20 September 2019.