On March 14, 2016, OceanwideHoldings formally released the A SharePrivate Placement Plans in 2016, planning to make private placement of nomore than 1.577 billion shares for no lower than 9.51 Yuan/share and raisingfunds of no more than 15 billion Yuan, mainly used for the financial and realestate plates of the company.

In the aspect of financialbusiness, the company planned to invest 4 billion Yuan to increase the capitalfund of its subsidiary Asia-Pacific Property & Casualty Insurance, expandthe business scale, and further enhance the market competitiveness and riskresistance capacity of the company.

In terms of realestate business, the company planned to invest 11 billion Yuan in Wuhan CBDProject, of which 3.1 billion Yuan will be used for Wuhan Yunhai Park Project;2.6 billion Yuan for Wuhan Oceanwide Times Center Project; 2.1 billion Yuan forWorld Trade Center Plot B Project; 1.7 billion Yuan for Oceanwide InternationalCenter Project; and 1.5 billion Yuan for Wuhan Center Project.

The key projectsinvested with the raised funds will further enhance the business strength andbrand influence of the company, and help the company to realize its strategicdevelopment objective to build an industry-based and finance-centered internationalenterprise group integrating industry and finance via the platform of Internet.