Top Spring International : Announcement - Unaudited Operating Figures for the Year Ended 31 December 2017

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TOP SPRING INTERNATIONAL HOLDINGS LIMITED ഺႆ਷ყණྠϞࠢʮ̡

(Incorporated in the Cayman Islands with limited liability)

(Stock Code: 03688)

UNAUDITED OPERATING FIGURES FOR THE YEAR ENDED 31 DECEMBER 2017

The board (the "Board") of directors (the "Directors") of Top Spring International Holdings Limited (the "Company") is pleased to announce certain unaudited operating figures of the Company and its subsidiaries (the "Group") for the year ended 31 December 2017 (the "Full Year of 2017").

• • During the Full Year of 2017, the Group recorded contracted sales of properties and contracted sales of car park units of approximately HK$1,870.2 million (of which approximately HK$1,723.9 million was from contracted sales of properties and approximately HK$146.3 million was from contracted sales of car park units) with contracted gross floor area ("GFA") sold amounting to approximately 125,580 square metres ("sq.m.") and 1,015 car park units.

• • During the Full Year of 2017, the Group had subscribed pre-sales of approximately HK$620.1 million (of which approximately HK$617.0 million was from subscribed pre-sales of properties and approximately HK$3.1 million was from subscribed pre-sales of car park units) with subscribed GFA amounting to approximately 76,384 sq.m. and 18 subscribed car park units. Such subscribed pre-sales have not yet been converted into contracted sales during the Full Year of 2017.

• • During the Full Year of 2017, the contracted sales and the subscribed pre-sales together amounted to approximately HK$2,490.3 million, representing a decrease of approximately 45.5% on a year-on-year basis. The decrease in contracted sales was primarily due to the reduction of saleable resources available during the Full Year of 2017.

• • During the Full Year of 2017, the average selling price ("ASP") of the Group's contracted sales of properties was approximately HK$13,727.5 per sq.m., representing a decrease of approximately 34.0% on a year-on-year basis. The decrease in ASP was primarily due to the contracted sales of Huizhou Phoenix City, which has a relatively lower ASP as compared to projects in other cities.

• • Set out below are the unaudited operating figures of the Group for the Full Year of 2017:

Amount of Contracted

Sales ofContractedCity

Project

Properties (HK$ million)

GFA (sq.m.)

Contracted Sales ASP (HK$/sq.m.)

(Approximately) (Approximately) (Approximately)

Shanghai Shanghai Shama Century

Park

550.8

5,977 92,153.3

Nanchang Nanjing Hangzhou Changzhou Changzhou Tianjin Huizhou

Nanchang Fashion Mark The Sunny Land - Nanjing The Spring Land - Hangzhou Changzhou Le Leman City Changzhou Fashion Mark Tianjin Le Leman City Huizhou Phoenix City

486.2

37,148 13,088.2

109.3

4,009 27,263.7

65.3

2,617 24,952.2

17.1

1,275 13,411.8

5.4

433 12,471.1

126.0

17,391 7,245.1

363.8

56,730 6,412.8

Total

1,723.9

125,580 13,727.5

Amount of ContractedNumber of Contracted

Sales of Car Park UnitsSales of Car Park Units

(HK$ million) (Approximately)

(Unit)Contracted Sales ASP (HK$/Unit) (Approximately)

Car Park

Units

146.3

1,015

144,137.9

Amount of Contracted

Sales of Properties and Car Park Units

(HK$ million) (Approximately)

Total

1,870.2

The operating figures disclosed above are unaudited and are based on the preliminary information of the Group. They may differ from figures to be disclosed in the audited or unaudited consolidated financial statements to be published by the Company on an annual, quarterly or half-yearly basis due to various uncertainties during the process of collection and collating of such information. As such, the figures disclosed are for investors' reference only. Investors are advised to exercise caution and not to place undue reliance on such information when dealing in the securities of the Company. If in doubt, investors are advised to seek professional advice from professional or financial advisers.

By Order of the Board

Top Spring International Holdings Limited

WONG Tak Chun

Company Secretary

Hong Kong, 15 January 2018

As at the date of this announcement, the executive Directors are Mr. WONG Chun Hong, Mr. CHEN Feng Yang, Mr. WANG Tian Ye and Mr. YUAN Zhi Wei; the non-executive Directors are Mr. XU Lei and Mr. YIP Hoong Mun; and the independent non-executive Directors are Mr. CHENG Yuk Wo, Professor WU Si Zong and Mr. CHAN Yee Herman.

Note: Certain amounts and percentage figures included in this announcement have been subject to rounding adjustments. Accordingly, figures shown as total sums in certain tables may not be an arithmetic aggregation of figures preceding them.