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ANNOUNCES THE ACQUISITION OF LAND IN HANGZHOU CITY

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					For Immediate Release




         ANNOUNCES THE ACQUISITION OF LAND IN HANGZHOU CITY
       FORTIFYING FOOTHOLD IN PROPERTY DEVELOPMENT INDUSTRY
                              IN CHINA
                                                   ****
(Hong Kong, 23 March 2011) – Prosperity International Holdings (H.K.) Limited (“Prosperity
International” or the “Group”)(SEHK: 803) is pleased to announce that on 28 February 2011, a joint
venture company (“JV Company”) owned by Kingswell Corporation Limited (“Kingswell”),
Hangzhou Sanjiang Mining Industry Group Co. Ltd. and Hangzhou Sanjiang Materials Trading Co.
Ltd. has by tender, acquired the land use right of a project site in Hangzhou City, Zhejiang Province in
the PRC (“Project Site”). The JV Company is owned by Kingswell as to 50%. Kingswell is a
wholly-owned subsidiary of PMHL, which in turn is an indirect 65.04%-owned subsidiary of the
Company.

The Project Site is located in Hangzhou City with a total site area of 55,589 square metre, which will
be developed into a commercial property, encompassing offices and retail space for sale. The term for
the grant of the land use right of the Project Site is 40 years. The consideration for the land grant
premium of the associated land use right is RMB392.46 million (approximately HK$466.10 million),
which will be settled in cash. The amount as well as the cost of construction will be borne by the JV
parties based on their respective percentage equity interests in the JV Company. Construction of the
Project Site is expected to commence before mid of 2012 and the pre-sale of the properties is targeted
to be ready in early 2013.

Mr. Wong Ben Koon, Chairman of Prosperity International said, “Since our Group established a real
estate division last year, we have been actively seeking business opportunities and has entered into a
number of agreements to boost our portfolio of PRC property and development assets, including
projects in Guangzhou City and Xiamen City. We are thrilled to be given the opportunity to further
expand our property development plan to Hangzhou City. This project is aligned with the Group’s
core business development plans to reinvest our proceeds in attractive industries in the PRC. The
pre-sale of the properties is expected to bring in new diversifying source of revenue for the Group’s
property business segment, bringing great returns to our shareholders.”

                                              — End —

About Prosperity International Holdings (H.K.) Limited (SEHK: 803)
Established in 2001, Prosperity International is a leading building materials supplier in Asia, focusing
on natural resources exploitation, clinker and cement trading, iron ore trading and granite material
production, public port and warehousing services provision. In December 2008, the Group
successfully transferred its listing from Growth Enterprise Market to Main Board of The Stock
Exchange of Hong Kong Limited. In September 2009, the Group acquired the controlling stakes in
Prosperity Minerals Holdings Limited (“PMHL”). PMHL is a listed company on Alternative
Investment Market of London Stock Exchange plc. In April 2010, the Group completed the disposal
of the interests of its majority clinker and cement production business of PMHL and focuses on the
iron-ore and mineral resources related businesses, and development the property and investment
businesses through PMHL.




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Issued by PR ASIA Consultants Limited on behalf of Prosperity International Holdings (H.K.)
Limited.

For enquires, please contact PR ASIA Consultants Limited:
Mr. Danny Cheng / Ms. Jenny Chan
Tel.: 3183 0233 / 3183 0231
Fax: 2583 9138
E-mail: danny.cheng@prasia.net / jenny.chan@prasia.net




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