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Greentown Service Group Co. Ltd. Capital/Financing Update 2016

Jul 22, 2016

50783_rns_2016-07-21_7d9c9211-532f-43f8-87ca-07d39f189f6f.pdf

Capital/Financing Update

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Unless otherwise defined herein, capitalized terms in this announcement shall have the same meanings as those defined in the prospectus dated June 28, 2016 (the “ Prospectus ”) issued by Greentown Service Group Co. Ltd. (the “ Company ”).

Hong Kong Exchanges and Clearing Limited, The Stock Exchange of Hong Kong Limited (the “ Hong Kong Stock Exchange ”) and Hong Kong Securities Clearing Company Limited (“ HKSCC ”) 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.

This announcement is for information purposes only and does not constitute an offer or an invitation to induce an offer by any person to acquire, purchase or subscribe for securities of the Company. This announcement is not a prospectus. Potential investors should read the Prospectus for detailed information about the Hong Kong Public Offering and the International Offering described below before deciding whether or not to invest in the Shares thereby offered.

This announcement is not for release, publication, distribution, directly or indirectly, in or into the United States (including its territories and possessions, any state of the United States and the District of Columbia). This announcement does not constitute or form a part of any offer or solicitation to purchase or subscribe for securities in the United States. The Shares have not been, and will not be, registered under the United States Securities Act of 1933, as amended from time to time (the “ U.S. Securities Act ”). The securities may not be offered or sold in the United States except pursuant to registration or an exemption from the registration requirements of the U.S. Securities Act. There will be no public offer of securities in the United States.

Greentown Service Group Co. Ltd. 綠城服務集團有限公司 (a company incorporated under the laws of the Cayman Islands with limited liability) (Stock code: 2869)

FULL EXERCISE OF THE OVER-ALLOTMENT OPTION

The Company announces that the Over-allotment Option has been fully exercised by the Joint Global Coordinators (on behalf of the International Underwriters) on July 21, 2016 (after trading hours) in respect of 116,666,000 Shares (the “ Over-allotment Shares ”), representing approximately 15% of the initial Offer Shares offered under the Global Offering. The Over-allotment Shares will be sold by Lilac International Investment at HK$1.99 per Share, being the Offer Price per Offer Share under the Global Offering. A further announcement will be made by the Company after the end of the stabilization period.

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FULL EXERCISE OF THE OVER-ALLOTMENT OPTION

The Company announces that the Over-allotment Option described in the Prospectus has been fully exercised by the Joint Global Coordinators (on behalf of the International Underwriters) on July 21, 2016 (after trading hours) in respect of 116,666,000 Shares, representing approximately 15% of the Offer Shares available under the Global Offering.

The Over-allotment Shares will be sold by Lilac International Investment at HK$1.99 per Share (exclusive of brokerage of 1%, SFC transaction levy of 0.0027% and Stock Exchange trading fee of 0.005%), being the Offer Price under the Global Offering. The Over-allotment Shares will be used to cover over-allocations in the International Offering.

Approval for the listing and permission to deal in the Over-allotment Shares has already been granted by the Listing Committee of the Stock Exchange.

The shareholding structure of the Company immediately before and immediately after the sale of the Over-allotment Shares by Lilac International Investment is as follows:

ShareholdersOrchid Garden InvestmentLilac International InvestmentMass WisdomThe Cornerstone InvestorsOther public ShareholdersTotal Immediately before the sale ofthe Over-allotment SharesApproximatepercentage of theCompany’s issuedshare capitalNumber of Shares(%)1,020,000,00036.72%680,000,00024.48%300,000,00010.80%352,912,00012.70%424,864,00015.30%2,777,776,000100.00% Immediately after the sale ofthe Over-allotment SharesApproximatepercentage of theCompany’s issuedshare capitalNumber of Shares(%)1,020,000,00036.72%563,334,00020.28%300,000,00010.80%352,912,00012.70%541,530,00019.50%2,777,776,000100.00% Immediately after the sale ofthe Over-allotment SharesApproximatepercentage of theCompany’s issuedshare capitalNumber of Shares(%)1,020,000,00036.72%563,334,00020.28%300,000,00010.80%352,912,00012.70%541,530,00019.50%2,777,776,000100.00%
100.00%

The Company will not receive any proceeds in respect of the sale of the Over-allotment Shares. Immediately after the sale of the Over-allotment Shares, the Company continues to comply with the public float requirements under Rule 8.08(1)(a) of the Listing Rules.

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A further announcement will be made by the Company at the end of the stabilization period in connection with the Global Offering, pursuant to section 9(2) of the Securities and Futures (Price Stabilizing) Rules (Chapter 571W of the Laws of Hong Kong).

By Order of the Board of Directors Greentown Service Group Co. Ltd. Li Hairong Chairlady

Hong Kong, July 21, 2016

As at the date of this announcement, the executive Directors are Ms. LI Hairong, Mr. YANG Zhangfa, Mr. WU Zhihua and Mr. CHEN Hao; the non-executive Directors are Mr. SHOU Bainian and Ms. XIA Yibo; and the independent non-executive Directors are Mr. TIAN Zaiwei, Mr. POON Chiu Kwok and Mr. WONG Ka Yi.

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