Hengli Commercial Properties : Announcements and Notices - Completion of the Acquisition of the Entire Equity Interest in Wanda Hotel Management

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WANDA HOTEL DEVELOPMENT COMPANY LIMITED

(Incorporated in Bermuda with limited liability)

(Stock Code : 169)

COMPLETION OF THE ACQUISITION OF THE ENTIRE EQUITY INTEREST

IN WANDA HOTEL MANAGEMENT

Reference is made to the announcements of Wanda Hotel Development Company Limited (the "Company") dated 26 September 2017 (the "Acquisition Announcement"), 8 December 2017 and 28 December 2018 and the circulars of the Company dated 15 November 2017, 21 November 2017 and 7 December 2018 in relation to the Proposed Acquisition. Unless otherwise mentioned herein, capitalised terms used herein shall have the same meanings as defined in the Acquisition Announcement.

The Board is pleased to announce that the Proposed Acquisition was completed on 31 December 2018. Upon Completion, the Sale Companies become wholly-owned subsidiaries of the Company and accordingly, the financial information of Sale Companies will be consolidated into the consolidated financial statements of the Group.

By order of the Board

Wanda Hotel Development Company Limited

Ding Benxi

Chairman

Hong Kong, 31 December 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. He Zhiping, Mr. Liu Jipeng and Dr. Xue Yunkui are the independent non-executive Directors.