Landing International Development : Announcements and Notices - Appointment of Independent Financial Adviser

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Landing International Development Limited

藍鼎國際發展有限公司

(Incorporated in the Cayman Islands and continued in Bermuda with limited liability)

(Stock code: 582) APPOINTMENT OF INDEPENDENT FINANCIAL ADVISER

Reference is made to the announcement made by Landing International Development Limited (the ''Company'') dated 16 January 2017 in relation to, among other things, the Capital Reorganisation, the Rights Issue, the Whitewash Waiver and connected transaction in relation to payment of underwriting commission (the ''Connected Transaction'') (the ''Announcement''). Unless otherwise defined herein or the context otherwise requires, terms used in this announcement shall have the same meanings as those used in the Announcement.

The Board is pleased to announce that Veda Capital Limited, a licensed corporation to carry out Type 6 (advising on corporate finance) regulated activity under the Securities and Futures Ordinance (Chapter 571 of the Laws of Hong Kong), has been appointed as the independent financial adviser (the ''Independent Financial Adviser'') to advise the Independent Board Committee and the Independent Shareholders in respect of the Rights Issue, the Underwriting Agreement, the Whitewash Waiver and the Connected Transaction.

The appointment of Veda Capital Limited as the Independent Financial Adviser has been approved by the Independent Board Committee pursuant to Rule 2.1 of the Takeovers Code.

The letter of advice from the Independent Financial Adviser in respect of the Rights Issue, the Underwriting Agreement, the Whitewash Waiver and the Connected Transaction will be included in the circular to be despatched to the Shareholders on or before 6 February 2017.

By order of the Board

Landing International Development Limited Zhou Xueyun

Executive Director

Hong Kong, 19 January 2017

As at the date of this announcement, the Board comprises Mr. Yang Zhihui (Chairman) and Ms. Zhou Xueyun as executive Directors and Mr. Fok Ho Yin, Thomas, Mr. Chen Lei and Mr. Bao Jinqiao as independent non-executive Directors.

The Directors jointly and severally accept full responsibility for accuracy of the information contained in this announcement and confirm, having made all reasonable enquiries, that to the best of their knowledge, opinions expressed in this announcement have been arrived at after due and careful consideration and there are no other facts not contained in this announcement, the omission of which would make any statement in this announcement misleading.

In the case of any inconsistency, the English text of this announcement shall prevail over the Chinese text.

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