China Oceanwide (together with its subsidiary, "Oceanwide Resort Paradise HI LLC") entered into a management agreement yesterday with subsidiaries of Kerzner International Holdings Limited (Kerzner), a well-known international developer and operator of destination resorts and ultra-luxury hotels, for a new, Atlantis resort in Ko Olina, a 259808 m2 development on the white sand beaches of the island of O'ahu in Hawaii. This new generation of distinctive luxury will offer a sophisticated lifestyle experience for resort guests, residents and visitors, with infinite ocean views, accented with lush green spaces and endless water experiences, encapsulated in Hawaii-inspired iconic architecture and themed programming. This will be the first Atlantis resort in the United States, along with the brand's flagship in Dubai, Atlantis, The Palm and the new icon in China, Atlantis, Sanya Hainan which will open in 2017, as well as The Royal Atlantis Resort & Residences in Dubai. Kerzner has plans to continue to grow and develop the Atlantis brand globally. Overlooking both the stunning Honu and Kohola Lagoons, Atlantis will offer a sense of awe-inspiring discovery, encompassing over 105218.3 m2 of unparalleled excitement and larger than life experiences, revolutionary water play in Aquaventure Waterpark, The Ambassador Lagoon and The Lost Chambers Aquarium and incredible dining experiences. Already a well-known holiday destination, the addition of Atlantis to Ko Olina will continue the area's transformation as the new center for entertainment in Hawaii with the addition of this new trailblazing landmark.