Completion of Payment of Hotel Management Fees and Licence Fees for the six months period ended 30 June 2017 by way of SSUs

Hong Kong Exchanges and Clearing Limited and The Stock Exchange of Hong Kong Limited take no responsibility for the contents of this announcement, make no representation as to its accuracy or completeness and expressly disclaim any liability whatsoever for any loss howsoever arising from or in reliance upon the whole or any part of the contents of this announcement.

(As constituted pursuant to a deed of trust on 8 May 2013 under the laws of Hong Kong, the trustee of which is LHIL Manager Limited)

and

(Incorporated in the Cayman Islands with limited liability)

(Stock code: 1270)

Reference is made to the announcement (the "Announcement") of the Trust Group dated 24 August 2017. Unless otherwise stated, capitalised terms used in this announcement shall have the same meanings as those defined in the Announcement.

The Boards are pleased to announce that the approval for the listing of, and permission to deal in the SSUs in settlement for the Manager Fees for the six months period ended 30 June 2017 has been granted by the Stock Exchange. A total of 9,626,744 new SSUs were allotted and issued to LHIL Assets on 24 August 2017.

By Order of the Boards LHIL Manager Limited and

Chairman

Hong Kong, 24 August 2017

As at the date of this announcement, the Non-executive Directors are Dr. LO Ka Shui (Chairman) and Mr. LO Chun Him, Alexander; the Executive Director is Mr. IP Yuk Keung, Albert (Chief Executive Officer); and the Independent Non-executive Directors are Dr. LIN Syaru, Shirley, Mr. SO Yiu Wah, Eric and Mr. WONG Kwai Lam.

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