CCT Land : Voluntary Announcement

Hong Kong Exchanges and Clearing Limited and The Stock Exchange of Hong Kong Limited take no responsibility for the contents of this announcement, make no representation as to its accuracy or completeness and expressly disclaim any liability whatsoever for any loss howsoever arising from or in reliance upon the whole or any part of the contents of this announcement.

(Incorporated in Bermuda with limited liability)

(Stock Code: 00261)

VOLUNTARY ANNOUNCEMENT

RELATING TO THE STRATEGIC COOPERATION AGREEMENT

ENTERED INTO WITH GALAXY INVESTMENT

This announcement is made by the Company on a voluntary basis.

STRATEGIC COOPERATION AGREEMENT ENTERED INTO WITH GALAXY INVESTMENT

Reference is made to: (i) the Company's announcement dated 4 January 2019 in respect of the Company's decision to expand, invest and develop business in the Greater Bay Area and the entering into of a strategic cooperation agreement with Huixin; and (ii) the Company's announcement dated 8 January 2019 in respect of the proposal to change the name of the Company to "Greater Bay Area Investments Group Holdings Limited".

Further to the signing of the strategic cooperation agreement dated 4 January 2019 with Huixin, the Board is pleased to announce that Greater Bay Area Finance has entered into a strategic cooperation agreement dated 14 January 2019 with Galaxy Investment. Pursuant to the Galaxy Agreement, the Parties plan to have in-depth cooperation in diversified and multi-level sectors. The main scope of cooperation includes:

(1)Introduction of military-civilian integrated industry and property projects at the districts in which the Parties will cooperate

The Parties agreed to introduce the optoelectronics industry, new energy vehicle industry and research work stations for academicians in the field of big data cloud storage of a very large Chinese state-owned central enterprise with militarybackground, and relocate these industrial operations into target districts of the Greater Bay Area, with the objective for the Parties to seek for investments in these promising industrial operations and opportunities in property development projects. The Company also intends to explore the cooperation opportunities for manufacturing of the electric vehicle being developed by the Company.

• (2) Cooperation in the field of distressed assets

  The first phase of cooperation will focus on: (i) a logistics project located at Bantian Street (坂田街), Longgang District (龍崗區) in Shenzhen; and (ii) restructuring of a warehouse project at Qingshui River (清水河) district in Shenzhen.

• (3) Establishing city redevelopment fund and project fund

  The Parties will use their respective strengths and financial resources to initiate and establish the Galaxy city redevelopment fund and a project fund in Shenzhen and Dongguan, respectively, in order to fuel the progress and operations of the project inventory of Galaxy Investment and the additional city redevelopment projects to be invested by the Parties together.

• (4) Support and cooperate in the capital operations of Galaxy Investment

  The Parties will cooperate deeply in the field of integration of assets and finance and capital operations in respect of assets and business operations accumulated by Galaxy Investment over its many years of development.

Pursuant to the Galaxy Agreement, the Parties will jointly establish a working group to actively proceed and finalise the terms of cooperation of the projects as stated in the Galaxy Agreement. Upon signing of concrete agreement(s), the Company will make further announcement(s) in compliance with the requirements of The Stock Exchange, as and when appropriate.

INFORMATION ON GALAXY INVESTMENT

Galaxy Investment, a subsidiary of Galaxy Holding Group Company Limited*, is principally engaged in city redevelopment and the Three-Renovation projects in the GreaterBay Area. Galaxy Investment has extensive experience in operational management in city redevelopment and Three-Renovation projects, investment and acquisitions and mergers.

Galaxy Investment has become a well-known land investment and integrated operations service provider in the Greater Bay Area. Its projects are mainly located in cities of the Greater Bay Area including Shenzhen, Guangzhou, Dongguan and Huizhou. The type of projects includes urban villages redevelopment, old industrial districts upgrade, composite land operations, specialised town development, industry and urban integration projects.

Galaxy Investment has extensive experience in land investments, land operations management and industrial operations management. It has established very good relationships with local governments, leading enterprises in business sectors and local large financial institutions as well as abundant resources in projects and customer networks in the Greater Bay Area.

INFORMATION ON GREATER BAY AREA FINANCE

Greater Bay Area Finance is a company incorporated in Hong Kong with limited liability and is a wholly-owned subsidiary of the Company.

The Board believes that entering into the Galaxy Agreement is beneficial to the Company as it will develop a flexible and diversified cooperation relationship by leveraging effectively upon the Parties' respective strengths and resources in assets, finance and projects.

DEFINITIONS

In this announcement, the following expressions have the following meanings, unless the context otherwise requires:

"Board"	the board of the Directors;
"China" or "PRC"	The People's Republic of China;
"Company"	CCT Land Holdings Limited, a company incorporated in
Bermuda with limited liability and whose Shares are listed on the
Main Board of the Stock Exchange;
"Director(s)"	the director(s) of the Company from time to time (including
independent non-executive Directors);

"Galaxy Agreement"	the strategy cooperation agreement dated 14 January 2019
entered into between Greater Bay Finance and Galaxy
Investment;
"Galaxy Investment"	Shenzhen Galaxy Redevelopment Investment Company
Limited* 深圳市星河更新投資有限公司， a company
established in Shenzhen with limited liability;
"Greater Bay Area"	Guangdong-Hong Kong-Macau Bay Area;
"Greater Bay Area	Greater Bay Area Finance Holdings Limited, a company
Finance"	incorporated in Hong Kong with limited liability and a
wholly-owned subsidiary of the Company;
"Group"	the Company and its subsidiaries from time to time;
"HK$"	Hong Kong dollar(s), the lawful currency of Hong Kong;
"Hong Kong"	the Hong Kong Special Administrative Region of the PRC;
"Huixin"	Shenzhen Century Huixin Industrial Group Company
Limited*深圳市世紀匯鑫實業集團有限公司；
"Listing Rules"	the Rules Governing the Listing of Securities on the Stock
Exchange;
"Parties"	the parties to the Galaxy Agreement, which are Greater Bay Area
Finance and Galaxy Investment;
"Stock Exchange"	The Stock Exchange of Hong Kong Limited; and
"Three-Renovation"

renovation villages".

of

"oldtowns,oldfactories

By Order of the Board of CCT LAND HOLDINGS LIMITED

Mak Shiu Tong, Clement

andold

Director

Hong Kong, 14 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