(January 18, 2018 – Hong Kong) Realord Group Holdings Limited (“Realord” or the “Company,” together with its subsidiaries collectively known as the “Group,” stock code: 1196.HK) is pleased to announce that the Group is planning to acquire all equity and assets of Realord Venture and Manureen Ventures, including the Guanlan Property, the Guangming Property, the Guangming Land and the Staff Housings, for the Share Consideration of RMB 6,219,575,234, payable by way of cash, allocation and issuance of new shares and Tranche Promissory Note respectively. The acquisition will enhance the group properties investment combination and land resources, further consolidating the advantage in property business.

The Guanlan Property is a mixed residential and commercial development situated within the Realord Villas in the Guanlan High-Tech Industrial Park of Guanlan, comprising a commercial/apartment building, retail shops and all car parking spaces with a total gross floor area of approximately 51,039 square metre (sqm). The Guangming Property, located in Realord Science Park in Guangming New District, consists of two blocks of office building with 26 storeys and 4 storeys over a basement car park respectively, with a total gross floor area of approximately 53,973 sqm. The Guangming Land is a bare land for industrial use with a site area of approximately 12,599 sqm located in Guangming High-Tech Industrial Park of Guangming New District. The Staff Housings comprise four social housing units of Fu Bao Gui Hua Yuan. The Guanlan Property and the Guangming Property will be used for rental purpose. The Guangming Land will be held as investment assets of the Group as present. The Staff Housings will be maintained the existing use of the Staff Housings

With the Total Consideration of RMB6,219,575,234 (equivalent to approximately HK$7,291,892,000), an amount between RMB3,000,000,000 (equivalent to approximately HK$3,517,230,000) and RMB3,600,000,000 (equivalent to approximately HK$4,220,676,000)  will be payable by way of cash, the Cash Consideration will be payable first in the form of the Shareholder’s Loan to be provided by the Company to the Target Group for the full settlement of the Target’s Outstanding Debts as at the date of Completion shall there be surplus of the Cash Consideration after full settlement of the Target’s Outstanding Debts, the balance of the Cash Consideration will be payable to the Vendors directly as part payment of the Share Consideration. In addition, RMB1,135,584,657 (equivalent to approximately HK$1,331,371,000) by way of allotment and issuance of 280,998,482 Consideration Shares at the issue price of HK$4.738 per Consideration Share. Besides, an amount between RMB1,383,990,577 (equivalent to approximately HK$1,622,604,000) and RMB1,983,990,577 (equivalent to approximately HK$2,326,050,000) by way of the issue of the First Tranche Promissory Note at Completion and RMB100,000,000 (equivalent to approximately HK$117,241,000) (subject to adjustment) by way of the issue of the Second Tranche Promissory Note within 5 Business Days following the issue of the Completion Accounts.

Dr. Bryan Lin, Xiaohui, Chairman of Realord Group expresses “the acquisition consolidates the Group’s assets signifying a milestone of property investment business for the Group in China, aiming at the cutrend of property rental market which may enrich our group’s income sources. We will keep up the great work and strike for the best for our investors and shareholders.”