Central China Real Estate : ANNOUNCEMENT UNAUDITED CONTRACTED SALES DATA FOR APRIL 2017

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(Stock Code: 0832)

ANNOUNCEMENT

UNAUDITED CONTRACTED SALES DATA FOR APRIL 2017

This announcement is made by Central China Real Estate Limited (the ''Company'', together with its subsidiaries, the ''Group'') pursuant to the Inside Information Provisions (as defined under the Rules Governing the Listing of Securities on The Stock Exchange of Hong Kong Limited (the ''Listing Rules'')) under Part XIVA of the Securities and Futures Ordinance (Chapter 571 of the Laws of Hong Kong) and Rule 13.09(2)(a) of the Listing Rules.

The board (the ''Board'') of directors (the ''Directors'' and each a ''Director'') of the Company hereby announces that, in the month of April 2017, the Group achieved property contracted sales of RMB1,149 million, representing a year-on-year increase of 6.1%, with a contracted sales gross floor area (''GFA'') of 177,283 square metres (''sq.m.''), representing

a year-on-year increase of 15.1%. The average selling price per sq.m. for April 2017 amounted to RMB6,481, representing a year-on-year decrease of 7.8%. For the four months ended 30 April 2017, the Group achieved total property contracted sales of RMB5,864 million, representing a year-on-year increase of 119.2%, with a total contracted sales GFA of 1,013,836 sq.m., representing a year-on-year increase of 137.4%. The average selling price per sq.m. for the four months ended 30 April 2017 amounted to RMB5,784, representing a year-on-year decrease of 7.7%.

DISCLAIMER

In view of the presence of various uncertainties during the property sales process, the property sales data disclosed above are based on preliminary internal management records of the Group and are unaudited. The above data may differ from the data to be disclosed in the regular reports of the Company. Such data are provided for investors' reference only, and do not constitute, nor should they be construed as, an offer or solicitation to sell or buy any securities or financial products of the Company. They should not be used as a basis for research reports, and are not intended to, nor should they constitute any investment advice.

Shareholders of the Company and potential investors are advised to exercise caution when dealing in the shares of the Company, and should not place undue reliance on the data disclosed herein. When in doubt, investors are advised to seek professional advice from professional or financial advisers.

By Order of the Board

Central China Real Estate Limited Wu Po Sum

Chairman

Hong Kong, 5 May 2017

As at the date of this announcement, the Board comprises nine Directors, of which Mr. Wu Po Sum, Mr. Liu Weixing and Ms. Yan Yingchun are executive Directors, Mr. Lucas Ignatius Loh Jen Yuh, Mr. Puah Tze Shyang and Ms. Wu Wallis (alias Li Hua) are non-executive Directors, Mr. Cheung Shek Lun, Mr. Muk Kin Yau and Mr. Xin Luo Lin are independent non-executive Directors.

* For identification purposes only