The Board of Gemdale Properties and Investment Corporation Limited recommend the payment of a final dividend of RMB 0.02 per Share for the year ended December 31, 2015 subject to approval by Shareholders at the AGM to be held on February 29, 2016. The final dividend, if approved by the shareholders at the AGM, will be paid on May 31, 2016 to shareholders whose names appear on the register of members of the company on March 11, 2016. The proposed final dividend shall be declared in RMB and paid in Hong Kong dollars. The final dividend payable in Hong Kong dollars will be
converted from RMB at the average middle rate of RMB to Hong Kong dollars as announced by the People's Bank of China for the period from February 23, 2016 to February 29, 2016.