Binhai Investment : Announcements and Notices - Voluntary Announcement Successful Bid for Concession for Piped Gas Project in Deqing County, Zhejiang Province, PRC

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(Incorporated in Bermuda with limited liability)

(Stock Code: 2886) VOLUNTARY ANNOUNCEMENT SUCCESSFUL BID FOR CONCESSION FOR PIPED GAS PROJECT IN DEQING COUNTY, ZHEJIANG PROVINCE, PRC

This announcement is made on a voluntary basis by Binhai Investment Company Limited (the "Company").

The board of directors (the "Board") of the Company is pleased to announce that, according to the announcement published in May 2016 by the Public Resources Trading Center of Deqing County in Zhejiang Province, the People's Republic of China ("PRC"), Binhai Investment (Tianjin) Company Limited, a subsidiary of the Company, successfully won two biddings for the "Concession for Operation of Piped Gas in Six Towns in Deqing County (including Xin Shi Town) Project" (the "Project"), in which the purchaser will be the Bureau of Housing and Urban Renewal Development of Deqing County. The total price for the two successful bids in the Project was RMB9,760,000.

With the abovementioned successful bids, the Company has obtained a 30-year concession right for the operation of piped gas in Xin Shi Town, Zhong Guan Town, Yu Yue Town, Mo Gan Mountain Town (including Mo Gan Mountain Scenic Area) and Fa Tou Xiang Administrative Region of Deqing County in Zhejiang Province, the PRC, and the Group's market share in the domestic natural gas business will be further strengthened and enlarged.

By order of the Board

Binhai Investment Company Limited Gao Liang

Executive Director

Hong Kong, 19 May 2016

As at the date of this announcement, the Board comprises two executive Directors, namely, Mr. Zhang Bing Jun and Mr. Gao Liang, six non-executive Directors, namely, Mr. Shen Xiao Lin, Mr. Zhang Jun, Mr. Wang Gang, Ms. Zhu Wen Fang, Mr. Li Wei and Ms. Shi Jing, and four independent non-executive Directors, namely, Mr. Ip Shing Hing, J.P., Professor Japhet Sebastian Law, Mr. Tse Tak Yin and Mr. Lau Siu Ki, Kevin.