TIDMPACL 
 
Pacific Alliance China Land Limited 
7 June 2010 
 
 
                      Pacific Alliance China Land Limited 
                           ("PACL" or "The Company") 
 
 
           Progress towards sale of interest in Chinese Airport Group 
 
Pacific  Alliance  China  Land  Limited  ("PACL"  or "the Company") (AIM: PACL), 
announces  that on 31 May 2010, the  shareholders of Hainan Meilan International 
Airport  Company Limited (0357 HK) approved  the purchase of Kingward Investment 
Limited  ("Kingward") for total consideration of US$145 million.  Kingward has a 
24.5% interest  in HNA Airport Holding  (Group) Company Limited ("HNA Airport"), 
and PACL has a minority shareholding in Kingward. 
 
PACL  expects the  transaction to  close by  the end  of 2010 once all remaining 
conditions precedent are satisfied. 
 
HNA Airport is the domestic airport affiliate of Hainan Airlines (600221 CH) and 
Hainan   Meilan  International  Airport  Company  Limited  (0357  HK)  that  was 
established  in 2003 to capture the growth opportunities in domestic air traffic 
in  China.   Its  aeronautical  business  includes  the  provision  of  airfield 
services, terminal facilities, ground handling services, and passenger and cargo 
handling   services.    Its   non-aeronautical  businesses  include  leasing  of 
commercial and retail spaces, airport-related business franchising, advertising, 
car parking, tourism services and sales of duty-free and consumer goods. 
 
According to HNA Airport's 2009 financials, the company recorded a net profit of 
RMB 191.7 million (US$28.1 million). 
 
For more information, please contact: 
 
+------------------------------------+-----------------------------------------+ 
|MANAGER:                            |LEGAL COUNSEL:                           | 
|Chris Gradel, Managing Partner      |Jon Lewis, General Counsel               | 
|c/o Pacific Alliance Group          |c/o Pacific Alliance Group               | 
|16/F, St. John's Building           |16/F St. John's Building                 | 
|33 Garden Road                      |33 Garden Road Central,                  | 
|Central, Hong Kong                  |Hong Kong                                | 
|Tel: (852) 2918 0088                |Tel: (852) 2918 0088                     | 
|Fax: (852) 2918 0881                |Fax: (852) 2918 0881                     | 
|cgradel@pacific-alliance.com        |jlewis@pacific-alliance.com              | 
|<mailto:cgradel@pacific-alliance.com|<mailto:jlewis@pacific-alliance.com>     | 
|>                                   |                                         | 
|                                    |                                         | 
|                                    |                                         | 
+------------------------------------+-----------------------------------------+ 
|BROKER:                             |NOMINATED ADVISER:                       | 
|Hiroshi Funaki                      |Philip Secrett                           | 
|LCF Edmond de Rothschild Securities |Grant Thornton Corporate Finance         | 
|Tel: (44) 20 7845 5960              |Tel: (44) 20 7383 5100                   | 
|Fax: (44) 20 7845 5961              |Philip.J.Secrett@gtuk.com                | 
|funds@lcfr.co.uk                    |<mailto:Philip.J.Secrett@gtuk.com>       | 
|<mailto:funds@lcfr.co.uk>           |                                         | 
+------------------------------------+-----------------------------------------+ 
|MEDIA RELATIONS:                    |MEDIA RELATIONS:                         | 
|Sophie Hoggarth                     |Andrew Walton/David Cranmer              | 
|Pacific Alliance Group              |Financial Dynamics, London               | 
|Tel: (86) 21 6113 5818              |Tel: (44) 20 7269 7217                   | 
|shoggarth@pacific-alliance.com      |                                         | 
|<mailto:shoggarth@pacific-alliance.c|Alastair Hetherington/Christine Wood     | 
|om>                                 |Financial Dynamics, Asia                 | 
|                                    |Tel: (852) 3716 9800                     | 
+------------------------------------+-----------------------------------------+ 
 
About Pacific Alliance China Limited 
 
Pacific  Alliance  China  Land  Limited  ("PACL")  (AIM:  PACL)  is a closed-end 
investment  company with  net assets  (unaudited) of  US$201.3 million as at 30 
April  2010. PACL was admitted to trading on  the AIM Market of the London Stock 
Exchange  in  November  2007. PACL  is  focused  on  investing in a portfolio of 
existing  properties,  new  developments,  distressed  projects  and real estate 
companies in Greater China. 
 
 
 
For    more    information    about    PACL,    please   visit:www.pacl-fund.com 
<http://www.pacl-fund.com/> 
 
 
 
Pacific  Alliance China Land Limited is a  member of Pacific Alliance Group, the 
Asian  alternative investment  fund management  group, founded  in 2002. Pacific 
Alliance Group and its affiliates manage assets in excess of US$4 billion across 
three  strategies covering private equity; real  estate; and absolute return and 
distressed. The Group has offices in Shanghai, Beijing, Hong Kong and Tokyo. 
 
 
 
For      more      information      about      Pacific      Alliance,     please 
visit:www.pacific-alliance.com <http://www.pacific-alliance.com/> 
 
 
 
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