Reference is made to the previous announcements released on 18 December 2013, 9 May 2014, 6 May 2015, and 14 May 2015, 9 May 2016, 20 April 2017, 28 April 2017 and 6 October 2017. Unless otherwise stated, the definitions used herein shall have the same meanings as set out in the said announcements.

The Board of Directors of China Ouhua (“Board”) wishes to update that land title ownership has yet to be transferred to Yantai Fazenda Ouhua Winery Co., Ltd. (“Yantai Ouhua”).

China Ouhua was informed by the officer from the Land Commission office in Yantai City, the People’s Republic of China (“PRC”) ("the Officer") the following:

1. The Company’s application for the Land title ownership transfer (“the Transfer”) is in the process of getting final approval as well as issuance of land title certificate by Yantai Land Commission Office.
2. Chinese New Year Spring festival long holidays in China had caused delays for the Yantai Land Commission Office in processing all existing applications including the Company’s applications.  
3. The officer from Yantai’s Land Commission Office informed that the Transfer should be able to be completed within one month from the date of this announcement.  

China Ouhua will proactively follow up with the relevant government authority of the PRC to ensure the land title ownership be transferred to Yantai Ouhua.

This announcement is dated 5 April 2018.