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.

(Stock Code: 0832)

VOLUNTARY ANNOUNCEMENT

BUSINESS UPDATES - LIGHT-ASSET MODEL PROJECTS

The board (the ''Board'') of directors (the ''Directors'') of Central China Real Estate Limited (the ''Company'', together with its subsidiaries, the ''Group'') is pleased to

announce that Henan Zhongyuan Central China City Development Limited* (河南中原建業

城市發展有限公司) (''CCRE Zhongyuan''), an indirect wholly-owned subsidiary of the

Company, entered into management entrustment contracts for real estate projects with the following parties, respectively:

Date Party

  1. 2 August 2017 Shangqiu Hesheng Properties Limited*

    (商丘合盛置業有限公司) (''Shangqiu Hesheng'')

  2. 29 August 2017 Lushan Guiyuan Properties Limited*

(魯山桂園置業有限公司) (''Lushan Guiyuan'')

  1. CCRE Zhongyuan (as trustee) entered into a management entrustment contract for a real

    estate project with a planned gross floor area of approximately 126,000 square meters with Hesheng Investment Holdings Limited* (合盛投資控股有限公司) (''Hesheng

    Investment'') (as guarantor) and Shangqiu Hesheng (as principal) for a period of 48 months (the ''Shangqiu Zijing Road Project Management Entrustment Contract''). Pursuant to the Shangqiu Zijing Road Project Management Entrustment Contract, CCRE Zhongyuan has been appointed by Shangqiu Hesheng to undertake the development,

    operation and management of the real estate project under the management entrustment contract on a land parcel covering the east and west sides of Zijing Road (紫荊路), north of Huashang Avenue (華商大道) and south of Minglun Road (明倫路) in Suiyang District (睢陽區), Shangqiu City (商丘市), Henan Province of the People's Republic of

    China (the ''PRC'') (the ''Shangqiu Zijing Road Project''), for which CCRE Zhongyuan shall receive a royalty fee and a performance fee in return.

  2. CCRE Zhongyuan (as trustee) entered into a management entrustment contract for a real

estate project with a planned gross floor area of approximately 228,000 square meters with Cai Hongbo (蔡紅波), Liu Shijie (劉士杰), Liu Dongmin (劉東民) and Zhao Yinli (趙銀利) (as guarantors) and Lushan Guiyuan (as principal) for a period of 33 months

(the ''Lushan Yaoshan Avenue Project Management Entrustment Contract''). Pursuant to the Lushan Yaoshan Avenue Project Management Entrustment Contract, CCRE Zhongyuan has been appointed by Lushan Guiyuan to undertake the development, operation and management of the real estate project under the management entrustment contract on a land parcel situated to the south of Yaoshan

Avenue (堯山大道), west of Ankang Road (安康路), north of Sichou Road (絲綢路) and east of Luban Road (魯班路) in Chengnan New District (城南新區), Lushan County (魯 山縣), Pingdingshan City (平頂山市), Henan Province of the PRC (the ''Lushan

Yaoshan Avenue Project''), for which CCRE Zhongyuan shall receive a royalty fee and a performance fee in return.

The Shangqiu Zijing Road Project and the Lushan Yaoshan Avenue Project, as the 53rd and 54th projects, respectively, under the light-asset strategy of the Group, will constitute a further new driver of growth for the development of the Group.

To the best of the Directors' knowledge, information and belief having made all reasonable enquiries, Cai Hongbo (蔡紅波), Liu Shijie (劉士杰), Liu Dongmin (劉東民), Zhao Yinli (趙

銀利), Hesheng Investment, Shangqiu Hesheng and Lushan Guiyuan and their respective ultimate beneficial owners are independent third parties (as defined under the Rules Governing the Listing of Securities on The Stock Exchange of Hong Kong Limited (the ''Listing Rules'')).

CCRE Zhongyuan is a limited liability company established in the PRC and an indirect wholly-owned subsidiary of the Company. It is principally engaged in real estate development and sales and real estate investment in Henan Province, the PRC with considerable experience in the development and management of real estate projects.

The Shangqiu Zijing Road Project Management Entrustment Contract and the Lushan Yaoshan Avenue Project Management Entrustment Contract do not constitute a notifiable transaction under Chapter 14 of the Listing Rules. This announcement is published by the Company on a voluntary basis to provide its shareholders and potential investors with updated information in relation to the business development of the Group.

By order of the Board

Central China Real Estate Limited Wu Po Sum

Chairman

Hong Kong, 19 September 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

Central China Real Estate Ltd. published this content on 19 September 2017 and is solely responsible for the information contained herein.
Distributed by Public, unedited and unaltered, on 19 September 2017 12:34:03 UTC.

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