Landing International Development : Announcements and Notices - Profit Warning

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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) PROFIT WARNING

This announcement is made by Landing International Development Limited (the "Company", together with its subsidiaries, the "Group") pursuant to Rule 13.09 of the Rules Governing the Listing of Securities on The Stock Exchange of Hong Kong Limited (the "Listing Rules") and the Inside Information Provisions (as defined in the Listing Rules) under Part XIVA of the Securities and Futures Ordinance (Chapter 571 of the Laws of Hong Kong).

The board of directors of the Company (the "Board") wishes to inform shareholders of the Company (the "Shareholders") and potential investors that based on the information currently available to the Board, the Group is expected to record an increase in net loss for the year ended 31 December 2016 as compared to the loss for the year ended 31 December 2015. The increase in loss was mainly attributable to (i) change in fair value of financial assets at fair value through profit or loss; (ii) increase in administrative expenses, mainly staff related cost and marketing expenses, incurred in the construction and pre-opening stages of the integrated resort development and property development; and (iii) increase in other operating and administrative expenses due to expansion of the Group.

The information contained in this announcement is only based on the preliminary review on the unaudited consolidated management accounts of the Group for the year ended 31 December 2016 and the information currently available to the Company. It should be noted that the Company is in the process of finalising its annual results for the year ended 31 December 2016 and such results may be subject to further amendments as appropriate. Shareholders and potential investors are advised to read carefully the Company's annual results announcement for the year ended 31 December 2016 for further details, which is expected to be published by late March 2017.

Shareholders and potential investors are advised to exercise caution when dealing the securities of the Company.

Hong Kong, 10 January 2017

By order of the Board

Landing International Development Limited Yang Zhihui

Chairman and Executive Director

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.

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