Central China Real Estate : Acquires the Land Use Rights of Three Land Plots of Zhengzhou for RMB219 million

[For Immediate Release] Central China Real Estate Limited Acquires the Land Use Rights of Three Land Plots of Zhengzhou for RMB219 million

(10 Jan 2017 - Hong Kong) -- Central China Real Estate Limited ("CCRE" or the "Company", together with its subsidiaries, the "Group"; SEHK stock code: 832), one of the leading Henan-based property developers, announces that on 4 January 2017, the group acquired the land use rights for three plots of land in Gongyi county, Zhengzhou city through an auction acquisition process for a total consideration of RMB219,000,000.

Three land parcels are located at east of Zijing Road, south of Xiangyu Road with an aggregate site area of approximately 125,981 sq.m. CCRE estimates the total expected gross floor area ("GFA") could be approximately 229,430 sq.m., with an average land cost per GFA of RMB955 per sq.m. This new land purchase will be for mixed-use development, comprising of residential, commercial and car park. The company plans to commence construction in the first half of 2017 and estimate to complete the project by the second half of 2021.

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About CCRE

Central China Real Estate Limited is one of the leading Henan-based property developers which focus on developing high-quality residential properties. Known for its outstanding product quality, strong brand and experienced management team, the company ranked 28th among the "Top 500 Chinese Property Developers in 2016", according to "2016 Research Report on Top 500 Chinese Property Developers" jointly published by China Real Estate Association and China Real Estate Appraisal. CCRE also topped the list of "Top 10 Chinese Property Developers in Regional Operations" for the sixth year in a row and repeatedly ranked among the top five Hong Kong-listed mainland Chinese property companies in terms of performance. It is also the only central China-based property developer to rank among the country's top 30 real estate firms and remains the top real estate developer in Henan province.

For further information, please contact: Central China Real Estate Ltd iPR Ogilvy & Mather

Mr. Vinh Mai Ms. Tina Law

Head of Investor Relations and Chief Investment Officer Tel: [phone] Email:[e-mail] Email: [e-mail]

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, and should not place undue reliance on the data disclosed herein.