Hengli Commercial Properties : Poll Results of the Annual General Meeting Held on 17 May 2017

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

(Incorporated in Bermuda with limited liability)

(Stock Code : 169) POLL RESULTS OF THE ANNUAL GENERAL MEETING HELD ON 17 MAY 2017

The Board is pleased to announce that all of the proposed ordinary resolutions set out in the AGM Notice dated 12 April 2017 were duly passed by the Shareholders by way of poll at the AGM held on 17 May 2017.

RESULTS OF THE AGM

Unless otherwise mentioned herein, capitalised terms used herein shall have the same meanings as ascribed to them in the circular of Wanda Hotel Development Company Limited (the "Company") dated 12 April 2017.

The Board is pleased to announce that all of the proposed ordinary resolutions set out in the Notice of AGM of the Company dated 12 April 2017 were duly passed by the Shareholders by way of poll at the AGM held on 17 May 2017.

Details of the poll results in respect of all of the proposed resolutions at the AGM are as follows:

ORDINARY RESOLUTIONS		No. of votes (%)		Total number of votes
		FOR	AGAINST
1.	To receive and consider the audited consolidated financial statements and the reports of the directors and independent auditors for the year ended 31 December 2016.	3,055,196,072 (97.92%)	64,907,000 (2.08%)	3,120,103,072
2.	To re-elect Mr. Ding Benxi as a	3,055,196,072	64,907,000	3,120,103,072
	non-executive director.	(97.92%)	(2.08%)
3.	To re-elect Mr. Qi Jie as a non-executive	3,055,132,072	64,971,000	3,120,103,072
	director.	(97.92%)	(2.08%)
4.	To re-elect Mr. Qu Dejun as a non-	3,055,196,072	64,907,000	3,120,103,072
	executive director.	(97.92%)	(2.08%)

ORDINARY RESOLUTIONS		No. of votes (%)		Total number of votes
		FOR	AGAINST
5.	To authorize the board of directors of the Company to fix the remuneration of the directors.	3,055,196,072 (97.92%)	64,907,000 (2.08%)	3,120,103,072
6.	To r e - a p p o i n t E r n st & Yo u n g a s independent auditors and to authorize the Board to fix their remuneration.	3,055,132,072 (97.92%)	64,971,000 (2.08%)	3,120,103,072
7.	To grant a general mandate to the board of directors of the Company to allot and issue new shares of the Company.	3,055,132,072 (97.92%)	64,971,000 (2.08%)	3,120,103,072
8.	To grant a general mandate to the board of directors of the Company to exercise all powers of the Company to purchase its own shares.	3,055,196,072 (97.92%)	64,907,000 (2.08%)	3,120,103,072
9.	To extend the general mandate granted to the board of directors pursuant to Resolution No. 7 above by a number representing the aggregate number of shares in the capital of the Company purchased by the Company pursuant to the general mandate granted pursuant to Resolution No. 8 above.	3,055,132,072 (97.92%)	64,971,000 (2.08%)	3,120,103,072

As more than 50% of the votes were cast in favour of each of the above ordinary resolutions, all the proposed resolutions set out in the Notice of AGM were duly passed.

The total number of Shares of the Company entitling the Shareholders to attend and vote for or against all of the proposed resolutions at the AGM was 4,697,346,488. To the best of the Directors' knowledge, information and belief and having made all reasonable enquiries, (i) there were no Shares entitling the holders to attend and abstain from voting in favour of any of the proposed resolutions at the AGM, and (ii) there were no Shares requiring the holders to abstain from voting on any of the proposed resolutions at the AGM. No parties had stated their intention in the Company's circular dated 12 April 2017 to vote against any of the proposed resolutions or to abstain, and therefore none have done so at the AGM.

The Company's Hong Kong branch share registrar, Tricor Standard Limited, was appointed by the Company and acted as the scrutineer for the vote-taking at the AGM.

Hong Kong, 17 May 2017

By order of the Board

Wanda Hotel Development Company Limited Ding Benxi

Chairman

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.