NovemberThe Company completed the exchange offer for the outstanding U.S.$135,000,000 floating rate secured bonds.

SeptemberThe Group successfully acquired a commercial and residential project, Puyue Mansion (Phase II), in Changle, Fuzhou, Fujian.

AugustSansheng International Coast was awarded the “China Real Estate Fashion Awards‧2018 China’s Investment Value Model Project” by Guandian Real Estate New Media.

JuneThe Group successfully acquired a commercial and residential project, Sansheng • Puyue Sea, in Longhai, Zhangzhou, Fujian.
The Group successfully acquired a commercial and residential project, Puyue Mansion, in Rudong, Nantong, Jiangsu.

May Awarded as “Top Ten PRC Listed Real Estate Enterprises in terms of Growth and Development Capability” by Yihan Think Tank.
Awarded as “Hong Kong-listed Mainland Real Estate Companies – Top 10 of Investment Value”jointly issued by the Enterprise Institute of Development Research Centre of the State Council, Real Estate Research Institute of Tsinghua University and China Index Academy.
The Group successfully acquired two residential projects, namely Yuefu Garden and Jiangcheng Town, in Pingyang, Wenzhou, Zhejiang.
The Group successfully acquired a commercial and residential project, The Puyue Bay City, in Tingjiang, Fuzhou, Fujian.
The Group successfully acquired a commercial and residential project, Puyue Mansion (Phase I), in Changle, Fuzhou, Fujian.

AprilSansheng Land Development Limited (a wholly-owned subsidiary of the Company) entered into a sales and purchase agreement to acquire the entire equity interest of Wuxi Xidong Automobile Plaza Development Co., Ltd.* (無錫錫東汽車廣場開發有限公司), which holds a parcel of land situated at Dongting Town, Wuxi City, Jiangsu Province, the People’s Republic of China, from an independent third party.

MarchAwarded as “2018 China Real Estate Enterprise with Capital Value Excellence” by Guandian Real Estate New Media.

February The Group successfully acquired Future City (未來城), a commercial and residential project in Langqi, Fuzhou, Fujian.
The Group successfully acquired Binjiang International (濱江國際), a project in Xiapu, Ningde, Fujian.

NovemberThe Company, through its placing agent, Industrial Bank Co., Ltd., Hong Kong Branch,procured the subscribers to subscribe in cash for the one-year bonds in an aggregate principal amount of up to US$135,000,000.

SeptemberThe Company was awarded “2017 Excellent Capital Operation Enterprise (二零一七年度優秀資本運作企業)” at the “7th Annual Conference of Most Valuable Real Estate Enterprise (第七屆中國價值地產年會)”, gaining recognition from financial industry for its excellent capital operation results and attracting extensive attention in the industry.

August Sansheng Land Development Limited* (三盛置地發展有限公司), a wholly-owned subsidiary of the Company, and Mr. Wang Peng* (王 鵬), being the sole shareholder and director of Hong Kong Zhong Sheng Property Investment Limited* (香港中盛置業投資有限公司), entered into an agreement, pursuant to which the purchaser conditionally agreed to acquire, and the vendor conditionally agreed to sell 90% of the issued share capital of Hong Kong Zhong Sheng Property Investment Limited* (香 港 中 盛 置 業 投 資 有 限 公 司), at a cash consideration of RMB549,400,000 (equivalent to approximately HK$659,280,000).
Fuzhou Shangsheng Investment Co. Ltd* (福州上盛投資有限公司), a wholly-owned subsidiary of the Company, and Mr. Zheng Huangang* (鄭 煥 剛), being the sole shareholder and director of Zhangqiu Zhengda Tianyuan Development Limited* (章丘正大天源置業有限公司), entered into an agreement, pursuant to which the purchaser conditionally agreed to acquire, and the vendor conditionally agreed to sell 80% of the issued share capital of ZhangqiuZhengda Tianyuan Development Limited* (章 丘 正 大 天 源 置 業 有 限 公 司), at a cash consideration of RMB86,400,000 (equivalent to approximately HK$103,680,000).
At the extraordinary general meeting convened by the Company, the Shareholders approved the change of English name of the Company from “Lifestyle Properties Development Limited”to “Sansheng Holdings (Group) Co. Ltd.” and adopted “三盛控股(集團)有限公司” as its Chinese name to replace “利福地產發展有限公司”.

AprilMr. Lin Rongbin, the effective controlling party of Fuzhou Sansheng Property, successfullyacquired the equity interests in Lifestyle Properties (Stock Code: 2183). Following the completion of the acquisition, the Group continued to explore potential business opportunities and seek sustainable development.

Disposal of interest in Tianjin Property

The Company was separately listed on the Main Board of the Stock Exchange of Hong Kong following the completion of spin-off from Lifestyle International Holdings Limited (stock code: 1212) and Share Offer which raised net proceeds of approximately HK$141.4 million

Disposal of 90% interest in Shenyang Sun Plaza

Grant of land use right contract of Shenyang Yifu project was entered into whereby the Group became entitled to land use right in respect of Shenyang Yifu Land for a term of 40 years commencing from 27 December 2011

Completion of the renovation work at Tianjin Property and the leasing out of retail spaces at Tianjin Property to tenants

Acquisition of workshops and carparking spaces in Hong Kong Industrial Centre and a car parking space at Harbour Centre in Hong Kong

Acquisition of interest in Sun Plaza in Shenyang

Acquisition of property interests in Tianjin, Harbin and Qingdao