EQS-News / 11/12/2015 / 12:30 UTC+8

[For Immediate Release]
/

Landing International's Myth-History Park Project in Jeju
Obtains Multiple Tax Relief

(11 December 2015, Hong Kong) Landing International Development Limited ("Landing International" or the "Company", HKEx Code: 00582) announced that the district of "Myth-History Park", the Company's integrated resort project at Jeju, Korea, has been designated as "Foreign Investment Zone" under the Foreign Investment Promotion Law.

According to the regulation, investors of the "Foreign Investment Zone" will be entitled to the following multiple tax relief benefits:

According to the legal advice obtained by the Company, the project is expected to enjoy the tax benefits with effect from 1 January 2016 after the completion of several subsequent filing and approval procedure.

Mr. Yang Zhihui, Chairman of Landing International, said, "The tax benefits signify the recognition of the Group's foreign investment by the local government of Jeju Korea. Being one of the six core projects in Jeju, the "Myth-History Park" is anticipated to attract visitors from countries around the world to Jeju and become one of South Korea's largest integrated resorts. Landing International will undoubtedly invest its best efforts in developing this world-class tourism project and work closely with the local government in order to accelerate the development and establishment of the Jeju Project. While creating substantial returns for our shareholders, we shall write new history in the Jeju tourism industry."

As a US$1.8 billion (approx. HK$14 billion) integrated resort project, the Myth-History Park spans across a land area of approximately 2.5 million square meters and is slated to open progressively from 2017. "Resorts World(TM) Jeju", located in Zone A of the Myth-History Park, will house Jeju's largest family theme park offering more than 20 rides and attractions in 7 different zones themed after myths and legends from all over the world, as well as Jeju's largest adventure waterpark and one of Korea's most exciting themed retail and food complexes. Its premium hotels will have more than 2,000 rooms, luxury villas, Jeju Island's first 6-star hotel and a destination spa center. The hotels are equipped with full meeting and conference facilities that are suitable for hosting regional and international meetings, incentives, conventions and events (MICE). In addition, there will be gaming entertainment; cultural facilities, leisure and entertainment amenities, as well as approximately 1,500 luxury serviced apartments and residential villas. The entire development is expected to be completed by 2019.

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About Landing International Development Limited
Landing International Development Limited (the "Company"), and its subsidiaries, is principally engaged in development and operation of the integrated resort, casino business carried under a casino license, and design, manufacturing and sales of the light-emitting diode. The Company has been listed on the main board of Hong Kong, and has become a constituent stock of the Hang Seng Family of Indexes. The majority of the shares in the Company is held by Landing International Limited which is wholly owned by Mr. Yang Zhihui, Chairman and Executive Director of the Company. Mr. Yang is also the controlling shareholder of Anhui Landing Holding Group Co., Ltd, the only real estate company in Anhui province honoured with the title of "The Star of Top 100 Chinese Real Estate Enterprises for the Year 2013" by the Chinese Real Estate Top 10 Research Team.

For more information, please contact:

iPR Ogilvy Ltd.
Callis Lau / Molisa Lau / Maggie Chui
Tel: +852 2136 6952 / 2136 6953 / 2136 8059
Fax: +852 3170 6606
Email: landing@iprogilvy.com

11/12/2015 Dissemination of a Press Release, transmitted by EQS TodayIR - a company of EQS Group AG.
The issuer is solely responsible for the content of this announcement.

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