Hengli Commercial Properties : Announcements and Notices - Clarification Announcement in Relation to Certain Media Reports

Hong Kong Exchanges and Clearing Limited and The Stock Exchange of Hong Kong Limited take no responsibility for the contents of this announcement, make no representation as to its accuracy or completeness and expressly disclaim any liability whatsoever for any loss howsoever arising from or in reliance upon the whole or any part of the contents of this announcement.

萬 達 酒 店 發 展 有 限 公 司 WANDA HOTEL DEVELOPMENT COMPANY LIMITED

(Incorporated in Bermuda with limited liability)

(Stock Code : 169) CLARIFICATION ANNOUNCEMENT IN RELATION TO CERTAIN MEDIA REPORTS

It has come to the attention of Wanda Hotel Development Company Limited (the "Company") that there are media reports (the "Media Reports") regarding certain proposed disposals of the Company's projects in Sydney and the Gold Coast, Australia.

Having made such enquiry internally as is reasonable in the circumstances, the Company wishes to clarify that, as of the date of this announcement, the Company does not have any plan to make the said disposals referred to in the Media Reports, and thus such information is incorrect. Both projects are progressing as planned.

Shareholders of the Company and potential investors are advised to exercise caution in dealing in the securities of the Company.

By order of the Board

Wanda Hotel Development Company Limited Hui Wai Man, Shirley

Company Secretary

Hong Kong, 8 August 2017

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, Dr. Xue Yunkui and Mr. Zhang Huaqiao are the independent non-executive Directors.