RMB300 MILLION 10.8% SENIOR NOTES DUE 2017 ISSUE PRICE PER NOTE: 100% (THE "NOTES", STOCK CODE: 85709)

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.

金 輪 天 地 控 股 有 限 公 司

(Incorporated in the Cayman Islands with limited liability)

This announcement is made by Golden Wheel Tiandi Holdings Company Limited (the "Company") pursuant to Rule 37.48(a) of the Rules Governing the Listing of Securities on The Stock Exchange of Hong Kong Limited. Reference is made to the announcements of the Company dated 9 December 2014, 16 December 2014 and 9 December 2015 regarding the issuance of the 10.8 per cent senior notes due 2017 in the principal amount of RMB300,000,000 by the Company (collectively, the "Announcements"). Unless otherwise defined, capitalized terms used in this announcement shall have the same meanings as those defined in the Announcements.

The Company announces that in April 2017, it had further purchased part of the Notes in the amount of RMB118,000,000 (the "Second Purchased Notes") out of cash from internal resources, representing approximately 39.3% of the original principal amount of the Notes of RMB300,000,000.

The Second Purchased Notes were cancelled on 1 June 2017. After cancellation of the Second Purchased Notes and the Purchased Notes, the aggregate principal amount of the Notes which remains outstanding and subject to the terms of the indenture governing the Notes is RMB117,000,000, representing 39% of the initial principal amount of the Notes.

The Company maintains a healthy level of working capital and cash flow, the Board considers that the purchase of the Notes would reduce the Company's future financial expenses and lower its gearing level while not affecting the Group's day-to-day operations or growth, and hence is in the interest of the Company and its shareholder as a whole.

The Company may or may not purchase further Notes in the future. Noteholders and potential investors should note that any purchase of the Notes from time to time by the Company will be at the Board's sole and absolute discretion. There is no assurance of the timing, amount or price of any purchase of the Notes or whether the Company will make any further purchase at all. Noteholders and potential investors should therefore exercise caution when dealing in any Notes.

By order of the Board

Golden Wheel Tiandi Holdings Company Limited Wong Yam Yin

Chairman

Hong Kong, 1 June 2017

As at the date of this announcement, the Board consists of Mr. Wong Yam Yin, Mr. Wong Kam Fai, Mr. Wong Kam Keung, Barry, Mr. Tjie Tjin Fung, and Mr. Janata David as Executive Directors; Mr. Suwita Janata and Mr. Gunawan Kiky as Non-Executive Directors; Mr. Hui Yan Moon, Mr. Wong Ying Loi, Mr. Li Yiu Fai and Mr. Lie Tak Sen as Independent Non-Executive Directors.