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LIONHUB GROUP LIMITED
Level 3A, 148 Elizabeth Street, Sydney NSW 2000 Australia
Tel: (02) 8281 3000 Fax: (02) 8281 3030
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07 November 2014
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LionHub Group to Acquire New Property Project in China
Highlights

LionHub has signed off on a Share Sale Agreement to acquire 100% shareholding in Lian Huat
(Lu’An) Pte Ltd, which holds the 100% working interest to construct and develop the 1.92km2
land known as Lu’An Singapore Creative Ecological and Industrial Park;

Approval of the Master Plan for the construction and development already received and phased
development work-over program to be completed over the next five (5) years with first land sales
expected in 2015 and construction to commence in the second quarter of 2015;

Independent valuation of property rights A$12-13 million;

Total purchase consideration comprises the issue of fully paid Ordinary Shares in LionHub at
22 cents per Shares, which represents a premium of 37.5% over the closing price of 16 cents per
Shares on 6 November 2014; and

Transaction subject to ASX and shareholder approvals.
The Board of LionHub Group Limited (ASX:LHB) (Lionhub or the Company) is pleased to announce that on 6
November 2014 the Company entered into a legally binding agreement with its substantial shareholder Lian Keng
Enterprises Pte Ltd (LKE) to acquire 100% shareholding interest in Lian Huat (Lu’An) Pte Ltd (LH Lu’An) (currently
a wholly owned subsidiary of LKE) and LH Lu’An’s wholly owned subsidiary Lian Huat LA Pte Ltd (LA); entities
incorporated in Singapore which have a 100% working interest to develop the master plan and to construct and
develop land known as Lu’An Singapore Creative Ecological and Industrial Park (Acquisition).
In line with the Company’s plans to position itself to be a leading real estate development company in China, the
Board has resolved to proceed with the Acquisition. The Acquisition will result in the Company having the contractual
rights to acquire, 1.92 square kilometres of land for the development of a proposed Ecological and Industrial Park to
comprise industrial, commercial, incubator, warehousing/logistics facilities and residential developments with an
ecological friendly focus, to be built in phases.
The Acquisition is subject to and conditional upon the satisfaction of a number of standard commercial condition
precedents, including to but not limited to the following:
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1. Completion of due diligence; and
2. ASX and shareholder approval of the Share Sale Agreement and the issue of the Consideration Shares to
LKE
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The Conditions Precedent must be met by 31 December 2014 (or such later date as may be agreed in writing), failing
which either party may terminate the Share Sale Agreement.
LionHub expects to call a general meeting to be held in late December 2014 to consider the Acquisition.
Summary of Transaction Structure
In accordance with the Lu’An Singapore Creative Ecological and Industrial Park Project Investment Agreement
(Investment Agreement) dated 12 December 2013, LA is responsible for preparing a Master Plan to develop the
Eco-Park within the Eastern New Town in Lu’An Anhui Province, China (the Project). The Master Plan has already
received the necessary statutory and regulatory approvals.
Under the Agreement, parcels of land, the subject of the Project, are made available for development and sale via a
bidding process. LionHub’s Chinese lawyers, who have reviewed the Agreement, have advised that as LA is a party
to the Agreement it is most likely that it will be the successful bidder for all parcels made available under the
Agreement.
If LionHub, Lian Huat or any of their Related Bodies Corporate is not the successful bidder under the Investment
Agreement, LionHub has the right to cancel or not issue the Consideration Shares unless LionHub is the cause of
the unsuccessful bid or a Contracting Party is a successful bidder in a bid.
The Consideration for the Acquisition is as follows:

59,090,909 fully paid Ordinary LHB Shares at 22 cents per share on Completion.
An independent valuation of the rights granted by the Investment Agreement prepared as at 31 October 2014, valued
these rights at A$12-A$13 million.
If all conditions are met, a total of 816,147,882 fully paid Ordinary shares will be on issue.
The Acquisition will result in the issue of Shares to Lian Keng Enterprises that will increase their voting power in the
Company to 64.1% and will therefore have a dilutionary effect on the current holdings of Shareholders and reduce
their control of the Company.
About Lu’An Singapore Eco-Park
The proposed Lu’An Singapore Creative Ecological and Industrial Park is located 105km west of Hefei, the Capital
of Anhui Province.
Anhui has a population of 60 million in an area of 139,600 km 2. . The province is expected to benefit from its proximity
to the growth belt comprising Shanghai, Zhejiang and Jiangsu where there are vast commercial and tourism
industries in place.
The Project will be themed to reflect the evolution of the world’s economic development from the ancient Chinese
and European eras to the present day through technology and architecture, and to showcase Lu’An city’s vision to
become a world-class business and technology centre.
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The Lu’An municipal government has provided a number of fiscal incentives to LionHub to develop the well located
Eco-Park.
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It is expected to provide an avenue for international and local companies to showcase and develop their operations
in China as well as to nurture local enterprises and startups.
The City of Lu’An is located in Anhui Province, China. Lu'An is marked by the southern fringes of the North China
Plain in its north and the northern part of the Dabie Mountains in its south.
The city consists of altogether 188 townships and 8 neighbourhood committees with a total area of 18,141 km² and
a total population in excess of 7 million.
Lu'An is abundant in natural resources. It has extensive high quality water resources with 5 large reservoirs
accommodating 7 billion cubic meters of water.
The city is blessed with several thousand species of trees and herbaceous plants, and produces high quality
agricultural and sideline products including cereals, oil-bearing crop, cotton, hemp, tea, chestnut, poultry, pork, and
aquatic products. Mineral reserves include iron, gold, lead, zinc, quartz, granite and cement.
Lu'An has a monsoon-influenced, humid subtropical climate with four distinct seasons.
The directors of LH Lu’An and LA, Mr CK Kho and Mr Patrick Kho, each have experience in property development
and business management together with extensive experience in working with both the Singapore and Chinese
governments as well as contacts in both markets to actively manage the Lu’An Singapore Creative Ecological and
Industrial Park.
Corporate, Strategic and Financial Benefits to LHB and its Shareholders
The Acquisition represents a major milestone for the Company and further establishes the Company as a significant
property developer in the China region.
The Acquisition also complements the Company’s existing portfolio of construction and development in Xuancheng
City, Anhui Province China.
The proximity of Lu’An to LionHub’s current project, the Singapore Xuancheng Technology Park in Xuancheng City,
Anhui Province presents several merits; including synergies in shared resources in terms of project knowledge,
operating efficiencies, reduced overheads and marketing expenses.
Government authorities intend to locate a prestigious and nationally well-known high school in the Lu’An project area.
This, combined with the emphasis placed on quality education in mainland China adds significant upside to the
Project.
The Lu’An Singapore Creative Ecological and Industrial Park is a high quality multi-diversified facilities and residential
development with an ecological friendly focus. The Project has an approved Master Plan and the intention is that
the Company will adopt the Plan to construct the Park, in stages over a five (5) year period with sales to commence
in 2015 and construction to commence in the second quarter of 2015.
The Company’s strategy is to utilise the potential revenues from sale of the land and/or commercial, residential
developments from within the Ecological and Industrial Park to unlock the major construction and development upside
at the Lu’An Project area and add additional resources to the Project.
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Funding
The Company is currently considering the available financing options to fund the construction and development of
the Lu’An Singapore Creative Ecological and Industrial Park.
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Further details of the exact structure and timing of any form of funding will be released in the near future.
The Board is delighted with the acquisition and will continue to provide shareholders with updates as progress
continues.
Charles Lim
Chief Executive Officer

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