PT International Development Corporation Limited Provides Update Regarding Securities of Burcon Nutrascience Corporation

Vancouver, British Columbia--(Newsfile Corp. - September 18, 2017) - PT International Development Corporation Limited (formerly ITC Corporation Limited) (“PT International”) of Suite 1501, 15th Floor, Great Eagle Centre, 23 Harbour Road, Wanchai,  Hong Kong announces that on September 15, 2017, Mr. Suen Cho Hung, Paul (“Mr. Suen”) disposed, through his indirect wholly-owned company (the "Disposition") a total of 488,000,000 ordinary shares of par value HK$0.01 each in the issued share capital of PT International (the "PT International Shares"), representing approximately 28.91% of the issued share capital of PT International to a wholly-owned company of Mr. Ching Man Chun, Louis(“Mr. Ching”).  Mr. Ching does not own any other shares of PT International other than those acquired from Mr. Suen.   After the Disposition, Mr. Suen held 670,676,465 PT International Shares, representing approximately 39.72% of the issue share capital of PT International.

As of September 15, 2017, PT International owns, indirectly through its wholly-owned subsidiaries, (i) 7,893,255 common shares ("Burcon Shares") in the capital of Burcon NutraScience Corporation ("Burcon"); (ii) 253,815 warrants to purchase Burcon Shares (“2016 Burcon Warrants”) at a price of $2.58 per Burcon Share (subject to adjustments) which is exercisable until November 30, 2018; and (iii) the convertible unsecured promissory note in the principal amount of $2,000,000 (the “Note”), which is convertible into 501,253 at a price of C$3.99 per Burcon Share (subject to adjustments) during the period commencing on or after July 1, 2016 and up to and including the maturity date, which is the earlier of (a) three years from the issue of the Note; and (b) the occurrence of an event of default.

Prior to the Disposition, Mr. Suen held 1,158,676,465 PT International Shares, representing approximately 68.63% of the issued share capital of PT International.  He was deemed to control PT International and to beneficially own the Burcon Shares, 2016 Burcon Warrants and the Note.  As a result of the Disposition, Mr. Suen is no longer deemed to control PT International or to beneficially own the Burcon Shares, the 2016 Burcon Warrants and the Note. The 7,893,255 Burcon Shares represent approximately 20.87% of the issued and outstanding Burcon Shares as at September 15, 2017.

The Burcon securities previously acquired by PT International will be held for investment purposes.  PT International may, depending on market and other conditions, increase or decrease its beneficial ownership of Burcon's securities, whether in the open market, by privately negotiated agreements or otherwise, subject to a number of factors, including general market conditions and other available investment and business opportunities.

For further information, or to obtain a copy of the subject early warning report filed by PT International in accordance with applicable Canadian securities laws, please contact Ms. Ada Chan, the Company Secretary, at (852) 3162 6633.


On behalf of the Board of Directors of
PT International Development Corporation Limited


“Rosanna Chau”
_______________________________
Rosanna Chau
Deputy Chairman