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VOLUNTARY ANNOUNCEMENT
IN RELATION TO CONFIRMATION OF SHENZHEN LVGEM
TIANSHENG INDUSTRY COMPANY LIMITED AS THE OPERATING ENTITY OF PHASE I OF BAISHIZHOU URBAN RENEWAL PROJECT
This announcement is made by LVGEM (China) Real Estate Investment Company Limited (the "Company", together with its subsidiaries, the "Group") on a voluntary basis to keep its shareholders and potential investors informed of its latest business development.
Reference is made to the announcement of the Company dated 25 February 2021 (the "Announcement"). Unless otherwise stated, capitalized terms used herein shall have the same meanings as defined in the Announcement.
The Board is pleased to announce that, 深圳市綠景天盛實業有限公司 (Shenzhen LVGEM Tiansheng Industry Company Limited*) (the "Project Company"), a subsidiary of the Company, has received the Notice in relation to the Confirmation of the Operating Entity of the Nanshan District Urban Renewal Project (《關於南山區城市更新項目實施主體確認的通知》) issued by 深圳市南山區城市更新和土地整備局 (The Shenzhen Nanshan District Urban Renewal and Land Development Bureau*), confirming the Project Company as the operating entity of Phase I of the Baishizhou Urban Renewal Project.
The Group has commenced and has been making every effort to prepare for the construction of the Baishizhou Urban Renewal Project. The Group will make further announcements in respect of further material developments of the Baishizhou Urban Renewal Project as and when appropriate.
By order of the Board
LVGEM (China) Real Estate Investment Company Limited
HUANG Jingshu
Chairman
Hong Kong, 12 May 2021
As at the date of this announcement, the executive directors of the Company are Ms. HUANG Jingshu (Chairman), Mr. TANG Shouchun (Chief Executive Officer), Mr. YE Xingan, Mr. HUANG Hao Yuan and Mr. SIU Chi Hung; the non-executive director of the Company is Ms. LI Lihong; and the independent non-executive directors of the Company are Mr. WANG Jing, Ms. HU Gin Ing and Mr. MO Fan.
* For identification purpose only