China Chengtong Development : DELAY IN DESPATCH OF CIRCULAR AND RECORD DATE FOR EGM

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CHINA CHENGTONG DEVELOPMENT GROUP LIMITED

中國誠通發展集團有限公司

(Incorporated in Hong Kong with limited liability)

(Stock Code: 217)

DELAY IN DESPATCH OF CIRCULAR

AND

RECORD DATE FOR EGM

Reference is made to the announcement of China Chengtong Development Group Limited ("Company") dated 12 November 2019 in relation to the Equity Transfer ("Announcement"). Capitalised terms used herein shall have the same meanings as those defined in the Announcement unless the context requires otherwise.

DELAY IN DESPATCH OF CIRCULAR

As disclosed in the Announcement, a circular ("Circular") containing, among other things, (1) the advice of the Independent Financial Adviser; (2) the recommendation of the Independent Board Committee; (3) details of the Equity Transfer Agreement and the Equity Transfer; (4) other information as required to be disclosed under the Listing Rules; and (5) the notice of the EGM and a form of proxy are expected to be despatched to the Shareholders on or before 4 December 2019.

As additional time is required for the Company to finalise certain information in the Circular, the despatch date of the Circular is expected to be delayed to a date falling on or before 6 December 2019.

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RECORD DATE FOR EGM

It is currently expected that the EGM will be held on 23 December 2019. For the purpose of determining the entitlement to attend and vote at the EGM, the Company decided to fix the record date for the purpose of determining eligibility of the Shareholders to attend and vote at the EGM on Tuesday, 17 December 2019. Shareholders whose names appear on the register of members of the Company at 4:30 p.m. (Hong Kong time) on Tuesday, 17 December 2019 shall be entitled to attend and vote at the EGM. In order to be entitled to attend and vote at the EGM, all completed share transfer documents, accompanied by the relevant share certificates, must be lodged with the Company's share registrar and transfer office, Computershare Hong Kong Investor Services Limited, at Shops 1712-1716, 17th Floor, Hopewell Centre, 183 Queen's Road East, Wanchai, Hong Kong for registration no later than 4:30 p.m. on Tuesday, 17 December 2019.

By Order of the Board

China Chengtong Development Group Limited

Zhang Bin

Chairman

Hong Kong, 3 December 2019

As at the date of this announcement, the executive Directors are Mr. Zhang Bin, Mr. Yang Tianzhou, Mr. Wang Tianlin and Mr. Li Shufang; and the independent non-executive Directors are Professor Chang Qing, Mr. Lee Man Chun, Tony and Professor He Jia.

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