About WANDA HOTEL DEV Company

Wanda Hotel Development Co., Ltd. (stock code: 169) is an investment holding company. Its subsidiaries are mainly engaged in commercial real estate development, leasing, management and investment holding business. The company was listed on the main board of the Hong Kong Stock Exchange in 2002. In June 2013, Dalian Wanda Commercial Real Estate Co., Ltd. (“Dalian Wanda Commercial Real Estate”) officially became the controlling shareholder, and the company changed its name to Wanda Hotel Development Co., Ltd. in October 2014. The Group currently owns Fuzhou Hengli City and Guilin Wanda Plaza projects in China, and mixed-use real estate projects in London, Spain, Chicago in the US, and the Gold Coast in Australia overseas. Apart from the residential and commercial parts, these overseas complex real estate projects all have luxury hotels. With the support of the parent company Dalian Wanda Commercial Real Estate, the Group will continue to focus on international hub cities that can attract a large number of tourists, business trips, and a growing number of international tourists, and actively participate in the development and operation of complex real estate projects centered around hotels. The Group plans to sell the residential portion, hold the commercial portion and the hotel as an investment when market conditions are favorable, and operate the hotel under Wanda's own brands (currently related brands include but are not limited to Wanda Mandarin, Wanda Ruihua, and Wanda Royal). The Company anticipates that the Group's hotel development business will grow in the next few years and become an important part of the Group's business. The Group will continue to maintain a cautious attitude and is committed to developing financing channels, continuously and actively seeking investment opportunities with excellent returns and in line with the Group's development strategy. In accordance with the above strategy, we will work with Dalian Wanda Commercial Real Estate to steadily advance the development of real estate projects, further expand the Group's revenue sources, enhance the Group's profitability, and pursue the maximization of shareholders' interests. Link to the Dalian Wanda Commercial Real Estate website.