Chengdu Happy Valley Phase II Grandly Opened

Entertainment integrated with technological and cultural factors

Open a new era of excitement

Further drive the growth of visitors and income

HONG KONG, June 3, 2013 /PRNewswire/ -- Overseas Chinese Town (Asia) Holdings Limited ("OCT (Asia)" or the "Company", stock code: 03366.HK) and together with its subsidiaries (the "Group"), is pleased to announce that Chengdu Happy Valley Phase II of Chengdu OCT, the subsidiary of the Company held grand opening ceremony on 31 May evening. The management of company and friends from all sectors of the community witnessed this historic moment at the "Music Square in Chengdu Happy Valley Phase II". After a month of trial operation, Chengdu Happy Valley is officially open with the total park area expanded to approximately 510,000 sq.m and a number of pioneering indoor entertainments added. The entrance fee of park is also raised to RMB190 per ticket. It may further drive the number of visitors and income growth.

Chengdu Happy Valley is one of the most influential theme parks in Southwestern China. It attracted approximately 2.44 million visitors and recorded a turnover of approximately RMB250 million in 2012. Happy Valley Phase II is invested almost RMB500 million with a total site area of 37,000 sq.m. With the development idea of "High-tech Fashion, Family Entertainment", the park introduces some parenting type, family type and indoor projects as the main features of new entertainment equipment.

Different from Phase I, all entertainment projects in Happy Valley Phase II have incorporated with the element of "technology", including "Fly Over the West", the flight theatre equipped with an extremely large spherical screen, "Panda Warrior", ride-in-the-dark with domestically original theme, and "Adventure into the Deep Sea", the first three-screen 4D panoramic theatre, as well as other high-technological projects such as X-chariots, Surfers, Interstellar Flying, KAKA car. Through the top entertainment facilities, it aims at providing unforgettable experience to visitors and opening a new era of urban entertainment.

Ms. Wang Xiaowen, Chairman and Executive Director of OCT (Asia), said, "Happy Valley Chengdu is one of the most significant projects in Chengdu OCT, it is also one of the largest tourism spots in west China to attract large number of visitors every year. We are confident that the opening of Happy Valley Phase II will further drive the growth of visitors and increase the income of the park as well as generate satisfactory returns for the company. Looking ahead, Chengdu Happy Valley will join together with the property and commercial development of Chengdu OCT to infuse a steady stream of excitement to light up the urban development and people's lives."

About OCT (Asia)

Overseas Chinese Town (Asia) Holdings Limited was listed on the Main Board of the Stock Exchange of Hong Kong on 2 November 2005. Besides the manufacture and sales of quality paper-based packaging containers and materials, the Group has started engaging in the comprehensive development since 2007, striving to become an outstanding developer and operator of commercial complex. The Company currently holds 5 comprehensive development projects in total with controlling interest and participation interest, including Shanghai Suhewan, Chengdu OCT, Tianjin Tianxiao, Beijing Laiguangying project and Xi'an OCT projects, in which Shanghai, Tianjin and Beijing projects were projects newly acquired in 2012. Shenzhen Overseas Chinese Town Co., Ltd, the Group's indirect controlling shareholder, was established with the exclusive initiation by Overseas Chinese Town Enterprises Company, directly under State-owned Asses Supervision and Administration Commission of the State Council and was listed on Shenzhen Stock Exchange on 10 September 1997.

Please visit http://www.oct-asia.com for more details.

Porda Havas International Finance Communications Group

Overseas Chinese Town (Asia) Holdings Limited
Tel: 86-755-26935118
Email: contact.asia@chinaoct.com