CCT Land : Proposed Change of Company Name and Proposed Consequential Amendments to the Memorandum of Association and Bye-laws of the Company

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(Incorporated in Bermuda with limited liability)

(Stock Code: 00261)

PROPOSED CHANGE OF COMPANY NAME

AND

PROPOSED CONSEQUENTIAL AMENDMENTS TO THE MEMORANDUM OF ASSOCIATION AND BYE-LAWS OF

THE COMPANY

The Board proposes to change the name of the Company from "CCT Land Holdings Limited中建置地集團有限公司" to "Greater Bay Area Investments Group Holdings Limited大灣區投資控股集團有限公司". The Change of Company Name is subject to the approval by the Shareholders at the SGM by way of a special resolution and the approval of the Registrar of Companies in Bermuda.

In view of the proposed Change of Company Name, the Company also proposes to amend and restate its Memorandum and Bye-Laws to reflect the proposed Change of Company Name by replacing all references to the name of the Company with "Greater Bay Area Investments Group Holdings Limited大灣區投資控股集團有限公司". The Amendments are subject to the approval by the Shareholders at the SGM by way of a special resolution. The proposed Amendments shall become effective upon the Change of Company Name becoming effective.

PROPOSED CHANGE OF THE COMPANY NAME

The board ("Board") of directors ("Directors") of CCT Land Holdings Limited (the "Company") announces that the Company proposes to change its company name from "CCT Land Holdings Limited 中建置地集團有限公司" to "Greater Bay Area Investments Group Holdings Limited 大灣區投資控股集團有限公司" (the "Change of Company Name"). A special resolution will be proposed at a special general meeting of the Company (the "SGM") to be convened to consider and, if thought fit, approve the Change of Company Name.

CONDITIONS OF THE CHANGE OF COMPANY NAME

The Change of Company Name will be subject to the following conditions having been satisfied:

• 1. the passing of a special resolution by the shareholders of the Company (the "Shareholders") at the SGM to approve the Change of Company Name; and

• 2. the Registrar of Companies in Bermuda approving the Change of Company Name.

Subject to the satisfaction of the conditions set out above, the Change of Company Name will take effect from the date of the certificate of incorporation on change of company name to be issued by the Registrar of Companies in Bermuda in respect of the Change of Company Name. The Company will carry out all necessary filing procedures with the Companies Registry in Hong Kong upon the Change of Company Name becoming effective.

REASONS FOR THE CHANGE OF COMPANY NAME

The Company and its subsidiaries (collectively, the "Group") are principally engaged in (i) the trading of telecom and electronic products and the supply of the child products; (ii) the development and sale of properties; (iii) finance business in the mainland China and Hong Kong; and (iv) electric vehicles business.

Reference is made to the announcement of the Company dated 4 January 2019 in respect of the Company's strategic decision to enter into the Greater Bay Area to seek for investment and development, as well as the signing of the strategic cooperation agreement with Shenzhen Century Huixin Industrial Group Company Limited* (深圳市 世紀匯鑫實業集團有限公司) ("Huixin").

The Company considers that the Greater Bay Area will offer huge and promising investment and business opportunities for the Company and therefore, the Company will focus its future development and growth in the Greater Bay Area. The Company has established a working group, which is led by Mr. Xu Jinhuan (an executive Director), who has extensive working experience in a state-owned central enterprise group for many years and has established good relationships with local governments, leading enterprises and local large financial institutions in the Greater Bay Area, to actively proceed and implement the Company's development plan in the Greater Bay Area. The Company is currently negotiating multi-faceted cooperation with various large and leading enterprises in the Greater Bay Area and it is expected that strategic cooperation agreements will be signed with other leading enterprises in the Greater Bay Area, in addition to Huixin. The Company expects that concrete agreements will be signed with these enterprises in the Greater Bay Area in the near future in respect of investment and cooperation in their respective projects, which is expected to offer excellent potential for the growth of the Company. In view of the importance of the Greater Bay Area to the Company in its future development and growth, the Board considers that it is appropriate to adopt the more suitable new company name of "Great Bay Area Investments Group Holdings Limited 大灣區投資控股集團有限公司" to replace the existing company name "CCT Land Holdings Limited 中建置地集團有限公司". The Company considers that the new company name will better refresh the corporate identity and image of the Group and reflect the potential and importance of new investment and business in the Greater Bay Area to the Group. As such, the Board is, therefore, of the view that the proposed Change of Company Name and Amendments (as defined below) are in the interest of the Company and the Shareholders as a whole.

EFFECT OF THE CHANGE OF COMPANY NAME

The Change of Company Name will not affect any rights of the existing holders of securities of the Company. All the existing certificates of securities in issue bearing the present name of the Company will, after the Change of Company Name becoming effective, continue to be evidence of title to such securities and the existing share certificates will continue to be valid for trading, settlement, registration, and delivery purposes. Accordingly, there will not be any arrangement for exchange of the existing certificates of securities for new certificates bearing the new name of the Company. Once the Change of Company Name becomes effective, new certificates of securities will bear the new name of the Company.

The Company will make further announcement(s) as and when appropriate on the arrangement relating to the trading and dealings in the securities of the Company on the Main Board of the Stock Exchange under the new name of the Company and as to whenthe new name of the Company will become effective.

In addition, subject to the confirmation by The Stock Exchange of Hong Kong Limited (the "Stock Exchange"), the English stock short name and the Chinese stock short name for trading of the Shares in the Stock Exchange will also be changed after the proposed Change of Company Name has become effective.

PROPOSED CONSEQUENTIAL AMENDMENTS TO THE MEMORANDUM OF ASSOCIATION AND BYE-LAWS

In view of the proposed Change of Company Name, the Company also proposes to amend (the "Amendments") and restate the Memorandum of Association and Bye-Laws of the Company ("Memorandum and Bye-Laws") to reflect the proposed Change of Company Name by replacing all references to the name of the Company with "Great Bay Area Investments Group Holdings Limited 大灣區投資控股集團有限公司 ". The Amendments are subject to the approval by the Shareholders at the SGM by way of a special resolution. The proposed Amendments shall become effective upon the Change of Company Name becoming effective.

GENERAL

The SGM will be convened and held for the Shareholders to consider and, if thought fit, approve the special resolutions for the Change of Company Name and the Amendments. A circular containing, among other things, details of the Change of Company Name and the Amendments, together with the notice of the SGM and the related proxy form will be despatched to the Shareholders as soon as practicable.

By Order of the Board of

CCT LAND HOLDINGS LIMITED

Mak Shiu Tong, Clement

Chairman

Hong Kong, 8 January 2019

As at the date of this announcement, the executive Directors are Mr. Mak Shiu Tong, Clement, Ms. Cheng Yuk Ching, Flora, Mr. Tam Ngai Hung, Terry and Mr. Xu Jinhuan; the independent non-executive Directors are Mr. Chow Siu Ngor, Mr. Lau Ho Kit, Ivan and Mr. Tam King Ching, Kenny.

* for identification purpose only