| 
 InterContinental Hotels Group has signed a 
			  management agreement with Beijing-based development company, 
			  Ausbao Pty Ltd, a subsidiary of BCDH Group, for a new 160-room 
			  Crowne Plaza hotel in Sydney’s CBD. The Crowne Plaza Sydney 
			  Darling Harbour will form part of a mixed use development in close proximity to the new Sydney 
			  International Convention Centre and key business and leisure 
			  redevelopments in the Darling Quarter and the Barangaroo south 
			  precinct. The new hotel will feature five meeting rooms, a 24-hour 
			  business centre, an 
			  all-day dining restaurant, a bar, fully equipped fitness centre and 
			  an outdoor pool. Jason Gao, Managing Director of Ausbao, said, “Sydney as a meetings and 
			  tourism destination continues to show positive growth, and new 
			  developments within the city will help support this. It is a great 
			  time to be developing an internationally-branded hotel with IHG in 
			  the upscale space, especially as Crowne Plaza is globally recognised as a leading business hotel brand and we are confident this is what the location needs. We are pleased to be working with 
			  IHG and look forward to welcoming guests to Crowne Plaza Sydney 
			  Darling Harbour when it opens in 2019.” IHG, 
			  
			  Crowne Plaza,
			  
			  InterContinental Hotels Group,
			  
			  Sydney,
			  
			  Australia |