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WANDA HOTEL DEVELOPMENT COMPANY LIMITED (formerly known as Wanda Commercial Properties (Group) Co., Limited) (Incorporated in Bermuda with limited liability) (Stock Code : 169) CLARIFICATION ANNOUNCEMENT IN RELATION TO THE ANNUAL REPORT OF THE COMPANY FOR THE YEAR ENDED 31 DECEMBER 2014

Reference is made to (i) the announcements of Wanda Hotel Development Company Limited (the "Company") dated 15 December 2013, 19 December 2013 and 23 January 2014, (ii) the prospectus of the Company dated 31 December 2013 (the "Prospectus") in relation to, among other things, the rights issue (the "Rights Issue") on the basis of 3 rights shares for every
10 existing shares held; and (iii) the annual report (the "Annual Report") of the Company for the year ended 31 December 2014 published on the websites of The Stock Exchange of Hong Kong Limited and of the Company on 28 April 2015.
Unless otherwise defined, capitalized terms used in this announcement shall have the same
meanings as defined in the Prospectus.
The Board would like to clarify and provide further information on the Rights Issue as at the date of the Annual Report as follows:

REASONS AND INTENDED USE OF PROCEEDS OF THE RIGHTS ISSUE

As disclosed in the announcement of the Company dated 15 December 2013 and the Prospectus, the Company intended to raise funds of about HK$2,467.5 million (before expenses) through the exercise of the Rights Issue.
The net proceeds from the Rights Issue of approximately HK$2,448.6 million was intended to be invested in projects in the PRC and overseas when suitable opportunities became available and for the purpose of general working capital.
Out of the HK$2,448.6 million raised from the Rights Issue, (i) approximately HK$2,348.6 million was intended to be used for investment in projects in the PRC and overseas and (ii) approximately HK$100 million for general working capital (which includes remuneration costs, rental expenses, professional advisors fees, utility expenses, insurances costs, and other office equipment costs).
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ACTUAL USE OF PROCEEDS OF THE RIGHTS ISSUE

The actual net proceeds of the Rights Issue were approximately HK$2,450.32 million, which were higher than the expected net proceeds because the professional fees actually incurred for the Rights Issue were lower than expected. As at the date of the Annual Report, the net proceeds from the Rights Issue were applied or would be applied as follows:
(i) Approximately HK$712.34 has been used to invest in the Company's joint venture with Wanda HK for the investment in real property project in the PRC (further details of which are set out in the Annual Report and the Company's circular dated 17 March 2014);
(ii) Approximately HK$1,117.60 million has been used to invest in the Company's joint ventures with Wanda HK for the investment in real property projects in Europe (further details of which are set out in the Annual Report and the Company's circulars dated 30 September
2013 and 25 June 2014, respectively);
(iii) Approximately HK$544.47 million has been used to invest in the Company's joint ventures with Wanda HK for the investment in real property projects in Australia (further details of which are set out in the Annual Report and the Company's circulars dated 29 September
2014 and 13 May 2015, respectively);
(iv) Approximately HK$44.47 million has been used for general working capital of the Group (which includes remuneration costs, rental expenses, professional advisors fees, utility expenses, insurance costs and other office equipment costs); and
(v) The remaining balance of approximately HK$31.44 million would be used as general working capital and other general corporate purposes.
The Directors confirm that, as at the date of the Annual Report, the net proceeds from the Rights Issue had been applied in accordance with the intended uses as described in the Prospectus without material changes.
The additional information above does not affect other information contained in the Annual
Report.
By order of the Board

Wanda Hotel Development Company Limited Ding Benxi

Chairman

Hong Kong, 31 July 2015

As at the date of this announcement, Mr. Ding Benxi (Chairman), Mr. Qi Jie and Mr. Qu Dejun are the non-executive Directors; Mr. Liu Chaohui is the executive Director; and Mr. Liu Jipeng, Mr. Xue Yunkui and Mr. Zhang Huaqiao are the independent non-executive Directors.

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