March 28, 2014, China Development Bank International Holdings Ltd. (“CDBIH”) successfully completed the subscription of China New Town Development Co Ltd (“China New Town” or “the Company”, Hong Kong Stock Code: 1278, Singapore Stock Code: D4N.si )’s newly issued shares, following the subscription, the composition of the Company’s Board has been changed. CDBIH became the controlling shareholder of the Company holding approximately 54.32% of the total number of issued shares.

The Company is primarily engaged in developing projects of large-scale new town around the major cities of China.

Jingtian & Gongcheng acted as the acquiree’s PRC legal counsel.