EANS-News: Tianbao Holdings Limited / Possible acquisition of land 40% below market value.

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Company Information

Zhengzhou City, China (euro adhoc) - Tianbao Holdings Ltd (Ticker :
3TB1) has confirmed that it has been approached by Henan Development
Sanjiang Real estate Company , founded in 1993 , a major property
developer with revenues that exceeded 1.5 billion RMB in 2012, , to
see if Tianbao would contemplate a purchase of a 33,000 m² plot of
land that is attached to the existing property owned by Tianbao , .

The land itself is designated for low income housing and therefore
complements the business of Tianbao . It already has the license
necessary to proceed with the build out , and work could commence
immediately .

Henan Development Sanjiang Real Estate Company , had originally
acquired the property with a view of the building 14 apartment
structures but was unable to proceed with the project as they are
heavily engaged by other projects

Local Government has been putting pressure on Henan Development
Sanjiang Real Estate company Limited for completion of the project.
Henan Development Sanjiang come up with a resolution to sell the
land to Tianbao Holdings and commence the construction immediately..

The initial proposal that is on the table is that Tianbao Holdings
acquire the property at 40% below the market value of the property
from Henan Development Sanjiang Real estate Company Limited,

the property will immediately vest in Tianbao , giving it a legal
right over the property .

The addition of the property to the balance sheet of the company less
any amount owing will boost the total assets by approximately
34,000,000 Euro, and the sum will also be taken into account in the
profit and loss account under IFRS accounting policy.

Commenting, the CEO said it has been frustrating for both Tianbao
and Henan Development Sanjiang Real estate Company , to have these
protracted talks over fair market value for running the utilities
across Tianbao property, and the solution proposed namely that
Tianbao takeover the property at 40% below market to develop it a
with the land rights being transferred immediately to Tianbao is
extremely attractive.

The CEO then went on to say that he would reach a decision within the
next seven days as to whether he wished to proceed with this
transaction but felt initially that the transaction itself would be
extremely beneficial to Tianbao

He estimated that upon the completion of the buildings Tianbao would
be in a position to make an additional 45 million Euro profit.

About Tianbao Holdings: Tianbao Holdings (the 'Company') is an
economically-affordable housing manufacturer in the People's Republic
of China. The Company works closely with the Chinese government in
acquiring the land for new housing developments and constructing the
homes per the specifications of the housing plans of both the
national Chinese government as well as the provincial governments, in
particular Henan Province, wherein all of the Company's projects to
date have been located.

Safe Harbor Statement; The statements contained herein are
forward-looking statements that are subject to risks and
uncertainties that could cause actual results to differ materially
from those expressed in the forward-looking statements.

Further inquiry note:
Please address questions to : tianbaoholdings@gmail.com

end of announcement euro adhoc
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company: Tianbao Holdings Limited
Yu Feng Road, Jinshui District, Zhengzhou City NO.333
CN-454000 Zhengzhou City, China
phone: 852-25876138
mail: tianbaoholdings@gmail.com
WWW: http://www.tianbaoholdings.com/
sector: Real Estate
ISIN: BMG887252085
indexes:
stockmarkets: free trade: Berlin, Frankfurt
language: English