FOR IMMEDIATE RELEASE May 4^th, 2016

Acquire New Business to achieve Diversification

(4 May, 2016 - Hong Kong) Great Harvest Maeta Group Holdings Limited ("Great Harvest", the "Company" ; stock code : 3683.HK) is pleased to announce, the proposed acquisition of Meidian Slope, located in Hongqi Town, Qiongshan District, Haikou, Hainan Province was approved in the EGM held yesterday. The total consideration of the acquisition is US$54.0 million. It will be settled by way of issue of the Convertible Bonds.

The proposed acquisition of Meidian Slope, located in Hongqi Town, Qiongshan District, Haikou, Hainan Province, the PRC, with a site area of 132,880.56 sq.m.. The Company plans to develop the land, that will comprise (i) a trading centre and exhibition facilities for trading in tree seedlings and other nursery stocks, (ii)serviced apartments, (iii) office, retail, car parking and other ancillary facilities. The development plan of the Land comprises two phases with an estimated total development cost of approximately RMB958 million. The development comprise two phases, phase one development will comprise a total of 81,295 sq.m., while phase two development will comprise a total of 51,585 sq.m..It takes 6 years to complete the two phases of development. Upon completion, part of the serviced apartments may be held for sales, while the remaining portion of the serviced apartments, office, retail, car parking and other ancillary facilities, trading centre and exhibition facilities will be held for leasing purposes. It is expected to bring a long-term and stable income to the Company. On the other hand, the Company intended to provide a transparent electronic trading platform in the trading centre and exhibition facilities, which helps to simplify transaction process and establish a database for analysis, enables trading development in long run.

The total consideration of the acquisition will be settled by way of issue of the Convertible Bonds in total amount of US$54.0 million. . A total of 381,843,064 Conversion Shares will be issued at an initial Conversion Price of HK$1.096 per Conversion Share, representing approximately 41.68% of the issued share capital of the Company and approximately 29.42% of the issued share capital of the Company as enlarged by the allotment and issue of the Conversion Shares. It represents a discount of approximately 5.52% to the closing price of HK$1.160 as quoted on the Stock Exchange on 23 December 2015, (the date of the Agreement) and also a discount of approximately 5.0% to the average closing price of approximately HK$1.154 per Shares as quoted on the Stock Exchange over the last five consecutive trading days preceding the date of the Agreement.

The Company is principally engaged in chartering out its own dry bulk vessels. Recently, the Company encounters difficulties and challenges in the dry bulk marine transportation market. Under the severe business environment, the Company maintains its prudent operating strategies and keeps seeking investment opportunities that can provide the Company with long term income and growth potential. Driven by the PRC's strong economic growth and development, the PRC's flower and plant market had grown substantially in the past five years. The purchased land is located in Hongqi Townof Haikou, Hainan Province, which is regarded as one of the national core development towns according to the 12th five-year plan of the PRC government. Hongqi Town will be developed into a key tourist spot, comprise of a hi-technology business zone for plantation of tropical flowers and tree saplings, a floral exhibition theme park; and areas for hotel and conference facilities, golf course, public parks and residential development.etc.

Mr. Yan Kim Po, the chairman of Great Harvest Maeta Group Holdings Limited, believes this acquisition is a great opportunity to diversify the business of the Company. Currently, there is no sizable and professionally managed flower and plant wholesale trade centre established in Guangdong, Guangxi and Hainan Provinces of the PRC. Investments in the related business will fill the gap in the market. The Company has confidence in developing the new business, as the management team is experienced in managing tourist accommodation, retail properties, agricultural, flower and plantation industry. "The acquisition not only helps to diversify the Company's business and increase the Company's income stream, but also brings a long term and stable income to improve the Company's financial performance. We will seize the opportunity of the increase trend of plantation industry; further develop related business to generate more valuable and fruitful returns for shareholders."

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Great Harvest Maeta Group Holdings Limited
The Company is principally engaged in chartering out its own dry bulk vessels, providing quality shipping service to customers worldwide. For the 6 months ended 30 September 2015, the Company's fleet size is 319,923 dwt, including 4 panamax dry bulk vessels, which are GH FORTUNE、GH POWER、GH GLORY and GH HARMONY, the average age of the Company's fleet is 9 years with the fleet charter-out percentage at approximately 96.5%.