China City Infrastructure : Announcements and Notices -

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(Incorporated in the Cayman Islands with limited liability)

(Stock Code: 2349) ANNOUNCEMENT OF UNAUDITED INTERIM RESULTS FOR THE SIX MONTHS ENDED 30 JUNE 2017 KEY HIGHLIGHTS

• During Current Period, revenue of approximately HK$230,139,000, while approximately HK$108,616,000 was recorded for the same period in 2016. It is mainly due to more property units sold and delivered during Current Period.

• Natural gas business contributed revenue of approximately HK$13,055,000 during Current Period, while approximately HK$12,486,000 for the same period in 2016.

• The Group's investment properties recorded a fair value loss of approximately HK$54,278,000.

• The Group's net loss for the period is approximately HK$173,655,000, a net loss of approximately HK$188,529,000 was recorded in the same period of 2016.

• As at 30 June 2017, the Group's total assets recorded approximately HK$4,648,260,000.

INTERIM RESULT

The board (the "Board") of directors (the "Directors") of China City Infrastructure Group Limited, (the "Company") is pleased to announce the unaudited condensed consolidated financial results of the Company and its subsidiaries (collectively refer to as the "Group") for the six months ended 30 June 2017 (the "Current Period").

CONDENSED CONSOLIDATED STATEMENT OF PROFIT OR LOSS

For the six months ended 30 June 2017

Six months ended 30 June

Notes	2017 HK$'000 (unaudited)	2016 HK$'000 (unaudited)
Revenue	3	230,139	108,616
Cost of sales	(190,345)	(97,856)
Gross profit Fair value (loss) gain in respect of investment properties revaluation	39,794 (54,278)	10,760 8,333
Other operating income	3,418	6,450
Other operating expenses	(95)	(13,294)
Selling and distribution expenses	(33,292)	(12,569)
Administrative expenses	(48,127)	(55,854)
Finance costs	4	(82,446)	(128,170)
Loss before tax	(175,026)	(184,344)
Income tax credit (expense)	5	1,371	(4,185)
Loss for the period	6	(173,655)	(188,529)
Loss for the period attributable to:
Loss for the period attributable to owners of the Company	(171,793)	(186,463)
Loss for the period attributable to non-controlling interests	(1,862)	(2,066)
Loss for the period	(173,655)	(188,529)
HK Cents	HK Cents
Loss per share - Basic	8	(7.19)	(9.10)
- Diluted	(7.19)	(9.10)

CONDENSED CONSOLIDATED STATEMENT OF PROFIT OR LOSS AND OTHER COMPREHENSIVE INCOME

For the six months ended 30 June 2017

Six months ended 30 June 2017 2016

HK$'000 HK$'000

(unaudited) (unaudited)

Loss for the period (173,655) (188,529)

Other comprehensive expense for the period:

Items that may be subsequently reclassified to profit or loss:

Exchange differences arising on translating of

foreign operation	19,333	(22,174)
Total comprehensive expense for the period (net of tax)	(154,322)	(210,703)
Total comprehensive expense attributable to: Owners of the Company	(152,757)	(208,406)
Non-controlling interests	(1,565)	(2,297)
(154,322)	(210,703)

CONDENSED CONSOLIDATED STATEMENT OF FINANCIAL POSITION

At 30 June 2017

Notes	30 June 2017 HK$'000 (unaudited)	31 December 2016 HK$'000 (audited)
ASSETS Non-current assets Property, plant and equipment	193,643	193,413
Investment properties	2,034,483	2,028,090
Goodwill	169,342	168,516
Intangible assets	120,737	120,571
Interest in an associate	-	129,999
Deposit paid for acquisition of a subsidiary	12,889	13,422
2,531,094	2,654,011
Current assets Inventories	8,077	4,347
Inventory of properties	1,611,301	1,714,654
Trade and other receivables	9	347,787	469,069
Pledged bank deposits	13,793	13,483
Bank balances and cash	136,208	58,890
2,117,166	2,260,443
TOTAL ASSETS	4,648,260	4,914,454
EQUITY AND LIABILITIES EQUITY Capital and reserves Share capital	286,659	230,659
Reserves	1,206,651	1,140,540
Equity attributable to owners of the Company	1,493,310	1,371,199
Non-controlling interests	128,072	129,637
TOTAL EQUITY	1,621,382	1,500,836