PDF《成都悦榕第三置业有限公司）》

BANYAN TREE HOLDINGS LIMITED (Company Registration Number 200003108H) INCORPORATION OF A NEW WHOLLY-OWNED SUBSIDIARY Banyan Tree Holdings Limited ("BTH") wishes to announce the incorporation of the following indirect wholly-owned subsidiary in the People's Republic of China ("Incorporation") as part of its ongoing business development:- Name of Subsidiary: Chengdu Banyan Tree No.

3 Property Co., Ltd ("CBT No. 3") (成都悦榕第三置业有限公司) Principal Activity: Commercial Property Development Registered Capital: RMB200,000,000/- (approximately S$40,000,000/-) CBT No.

3 is wholly-owned by BTH's indirect subsidiary, Sanctuary Chengdu Development Company No.

3 (S) Pte. Ltd. The Incorporation is not expected to have any material impact on the net tangible assets and earnings per share of BTH Group on a consolidated basis for the financial year ending

31 December 2014. None of the Directors or substantial shareholders of BTH have any interest, direct or indirect, in the Incorporation other than through their respective shareholdings in BTH. By Order of the Board Jane Teah Company Secretary

25 July 2014