Greenheart Group Limited — Capital/Financing Update 2014

Jan 29, 2014

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.

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ACQUISITION OF LAND USE RIGHTS IN NANNING, THE PRC, FOR DEVELOPMENT PURPOSE

This announcement is made pursuant to Rule 13.09 of the Listing Rules.

Reference is made to the announcement of the Company dated 11 January 2012 in relation to the acquisition of land use rights in Nanning, Guangxi Province, the PRC for development purpose.

The board of directors of the Company announces that on 29 January 2014, the Company has been successful in the tenders for the land use rights in respect of two pieces of land, Land 3 and Land 4, at a respective price of RMB968,119,200 (equivalent to approximately HK$1,231,448,000) and RMB229,380,720 (equivalent to approximately HK$291,772,000) offered by 南寧五象新區管委國土局 (Wuxiang New Zone Management Committee of Land Resources Bureau of Nanning) 及南寧市 國土資源局 (Land Resources Bureau of Nanning). The Land 3 and Land 4, with total lot size of 231,563.08 sq. m. (347.344 mu), are granted for the development of residential and commercial properties respectively for a term of 70 years and 40 years.

The Company has paid a sum of RMB6,000,000 (equivalent to approximately HK$7,632,000) to the Government of Liangqing District as tender deposit . Upon successful bid of the land use rights of the Land 3 and Land 4, the Company has to pay RMB193,600,000 (equivalent to approximately HK$246,259,200) and RMB45,700,000 (equivalent to approximately HK$58,130,400) as security deposits respectively for Land 3 and Land 4. It is also a planning condition that in Land 3 or Land 4, property units constituting to a gross floor area of 198,188.6 sq. m. and 46,426.6 sq. m. respectively, are to be developed for the resettlement of original occupiers of the land (including resettlement for residential and commercial purpose). For the remaining area, the Company plans to develop Land 3 and Land 4 into residential and commercial properties for sale. The total planned gross floor area of the development project is approximately 1,245,000 sq.m. of which the first phase is expected to be launched for sale in the second half of 2014.

A joint venture, Tianyu Jucheng, was formed between Nanning Tianyu and JV Partner for the development of the project. Tianyu Jucheng is held as to 95% by Nanning Tianyu and as to 5% by the JV Partner and has a registered capital of RMB50,000,000 (equivalent to HK$63,600,000), of which RMB47,500,000 (equivalent to HK$60,420,000) was contributed by Nanning Tianyu and RMB2,500,000 (equivalent to HK$3,180,000) was contributed by the JV Partner.

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The acquisition will be financed by the internal resources and borrowings of the Group .

DEFINITIONS

In this announcement, the following expressions have the following meanings unless the context otherwise requires otherwise:

• “Company” Skyfame Realty (Holdings) Limited, a company incorporated in Bermuda with limited liability, the issued shares of which are listed on the Stock Exchange

• “Group” The Company and its subsidiaries “HK$” Hong Kong dollars, the lawful currency of the PRC “Hong Kong” The Hong Kong Special Administrative Region of the PRC

• “JV Partner” 廣西世紀巨成項目投資有限公司 (Guangxi Shiji Jucheng Project Investment Company Limited), a limited liability incorporated in the PRC and one of the shareholder holding 90% interest of which is Mr Xiao Wuhu (肖五虎先生) who is also one of the shareholder holding 10% equity interest of 永州澳亞旅遊有限公 司 (Yongzhou Aoya Tourism Company Limited), another joint venture partner holding 30% equity interest in 永州天譽旅遊發展有限公司 (Yonzhou Tianyu Tourism Development Company Limited) and 永州市天譽房地產發展有限公司 (Yongzhou Tianyu Real Estate Development Company Limited), both are non-wholly owned subsidiaries of the Company

• “Land 3” Lot No. GC2013-134 of 187,620.49 sq. m. located at south of Liangxing Road of Wuxiang New Zone (五象 新區), Liangqing District, Nanning, Guangxi Province, the PRC

• “Land 4” Lot No. GC2013-135 of 43,942.59 sq. m. located at east of Yanqing Road of Wuxiang New Zone (五象新區), Liangqing District, Nanning, Guangxi Province, the PRC

• “Listing Rules” the Rules Governing the Listing of Securities on The Stock Exchange of Hong Kong Limited

• “Nanning Tainyu” 南寧天譽譽浚投資有限公司 (Nanning Tianyu Yujun Investment Company Limited*), a limited liability company incorporated in the PRC and is a wholly owned subsidiary of the Company

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“PRC” the People’s Republic of China, which, for the purpose of this announcement, shall exclude Hong Kong, the Macau Special Administrative Region of the PRC and Taiwan “RMB” Renmenbi, the lawful currency of the PRC “sq. m.” square metres “Tianyu Jucheng” 南寧天譽巨成置業有限公司 (Nanning Tianyu Jucheng Realty Company Limited*), a limited liability company incorporated in the PRC and is held as to 95% by Nanning Tianyu and 5% by the JV Partner and is accounted as a non-wholly owned subsidiary of the Company

Translation of RMB into HK$ is made in this announcement, for illustration purpose only, at the rate of RMB1 to HK$1.272. No representation is made that any amount in RMB could have been converted at that rate or any other rates.

By Order of the Board Skyfame Realty (Holdings) Limited YU Pan Chairman

Hong Kong, 29 January 2014

As at the date of this announcement, the Board comprises three executive directors, namely Mr. YU Pan (Chairman), Mr. WEN Xiaobing and Mr. WONG Lok; one non-executive director, namely Mr. ZHONG Guoxing; and three independent non-executive directors, namely Mr. CHOY Shu Kwan, Mr. CHENG Wing Keung, Raymond and Ms. CHUNG Lai Fong.

* for identification purpose only

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