Greenland Hong Kong Holdings Limited

Greenland Hong Kong Holdings Limited, formerly SPG Land (Holdings) Limited (00337.HK), is majority-owned by Greenland Holding Group ("Greenland Group"), a Fortune Global 500 company. Greenland Group acquired 60% of the enlarged share capital of SPG Land and renamed it "Greenland Hong Kong Holdings Limited" ("Greenland Hong Kong") upon the completion of the transaction. Greenland Hong Kong will provide Greenland Group with an international capital operation channel and brand display window, a new growth driver for Greenland Group to achieve higher goals, a bridge to link up domestic and overseas resources and a powerful support to the sustainable development of Greenland Group. Greenland Hong Kong will serve as a financing vehicle for Greenland Group's quality projects to access capital from international markets. It will also realize business and capital growth by ways of acquisition and debt issuance.