KOP LIMITED GROUND BREAKS INTEGRATED INDOOR SKI RESORT, WINTASTAR SHANGHAI

Wintastar Holdings Pte. Ltd.

SGX Catalist-listed purveyor of luxury lifestyle, real estate and hospitality, KOP Limited (“KOPL”, 高鸿集团, or the “Group”) is pleased to announce the groundbreaking of Wintastar Shanghai (冰雪之星) – its highly-anticipated integrated sports-entertainment-tourism resort that will house the world’s largest indoor Ski & Snow Park. KOPL also announced today that it has partnered up with leading integrated lifestyle provider, Majid Al Futtaim to operate Wintastar Shanghai’s indoor Ski & Snow Park.

The groundbreaking event held in Shanghai today was graced by Ms Sim Ann, Senior Minister of State for the Singapore Ministry of Communications and Information & Ministry of Culture, Community and Youth, as well as Mr Chen Jie, Party Secretary of the Shanghai Lingang Administrative Committee. Consul General of the Singapore Consulate in Shanghai, Mr Loh Tuck Wai and Consul General of the UAE Consulate in Shanghai, Mr Rashed Matar Alquemzi were among the key dignitaries at the event.

Ms Ong Chih Ching (王芝菁), the Executive Chairman and Executive Director of KOPL said, “This is KOPL’s largest project so far, and like our past track record of iconic projects, we are excited to work alongside our strong local partners to push new boundaries and introduce new and innovative concepts to the Chinese market. The large-scale mixed-development will also offer opportunities for KOPL to build new income streams, many of which are recurring in nature, for our sustainable growth going forward… The timing for Wintastar Shanghai could not be better, with Chinese consumers yearning for travel, leisure, novel experiences, and winter sports being the next big thing in China because of the Beijing Winter Olympics 2022.”

Wintastar Holdings Pte. Ltd.

On the partnership with Majid Al Futtaim, Ms Ong commented, “Majid Al Futtaim’s impeccable track record will help bolster Wintastar Shanghai’s vision to bring world-class, hi-tech and safe indoor skiing and snow play into China. As a Singaporean company familiar with the Chinese culture, combined with our international track record and reputation in developing new-to-market concepts, we hope to work with Majid Al Futtaim and other foreign partners to deliver new experiences to Chinese consumers.”

Highlights are as follows:

• The multi-billion renminbi mixed-development project marks KOPL and its luxury hospitality brand Montigo Resorts’ maiden entry into the PRC
• With a total GFA of 227,000 sqm, Wintastar Shanghai’s highlight is the alpine-themed 90,000 sqm Ski & Snow Park, which will be the largest of its kind, complete with hotel ski-in-ski-out access and après-ski
• Targeted to complete in 2022, Wintastar Shanghai expects to attract an estimated 3.2 million visitors annually on a stabilised basis
• Montigo Resorts to operate four themed hotels with over 1000 room keys, including an Ice Hotel
• Majid Al Futtaim, the Dubai-based conglomerate and operator of Ski Dubai and Ski Egypt, will also make its first foray into China as operator of the Wintastar Shanghai 90,000 sqm (GFA) indoor ski park