Tai Sang Land Development Ltd., Special/Extraordinary Shareholders Meeting, May 10, 2013., at 10:00 China Standard Time. Location: Boardroom 5, Mezzanine Floor, Renaissance Harbour View Hotel Hong Kong.

Tai Sang Land Development Ltd. announced consolidated earnings results for the year ended December 31, 2012. For the year, the company reported net cash from operating activities of HKD 81,275,122 against HKD 21,163,756 a year ago. Additions of property, plant and equipment and prepayments were HKD 16,593,320 against HKD 20,777,511 a year ago. Additions of investment properties and prepayments were HKD 50,003,294 against HKD 62,800,811 a year ago.

Tai Sang Land Development Ltd. announced consolidated earnings results for the year ended December 31, 2012. For the year, the company reported revenues of HKD 216,127,000 against HKD 188,803,000 a year ago. Operating profit was HKD 687,239,000 against HKD 638,653,000 a year ago. Profit before income tax was HKD 672,550,000 against HKD 630,719,000 a year ago. Profit for the year attributable to owners of the company was HKD 580,181,000 or HKD 2.02 per basic and diluted share against HKD 584,285,000 or HKD 2.03 per basic and diluted share a year ago. The Group's underlying profit for 2012, excluding the effect of the aforesaid fair value gains (net of deferred tax) on investment properties, was approximately HKD 36.2 million, increased by HKD 17.6 million or 95% as compared to the corresponding figure of HKD 18.6 million for 2011. The increase in the underlying profit was mainly attributable to the increase in the rental income from both Hong Kong and USA properties as well as profit contribution from hotel operation. The directors of the company have resolved to recommend to shareholders at the Annual General Meeting the payment of a final dividend of 8 Hong Kong cents (2011: 7 Hong Kong cents) per share to the shareholders whose names appear on the register of members of the Company at the close of business on May 27, 2013. The total distribution for the financial year ended December 31, 2012 will be 13 Hong Kong cents (2011: 10 Hong Kong cents) per share. The proposed final dividend will be paid on June 7, 2013 following approval at the Annual General Meeting.