CHINA SCE PROPERTY : DISCLOSURE PURSUANT TO RULE 13.18

E155112A_China SCE 1..2

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.

CHINA SCE PROPERTY HOLDINGS LIMITED

中 駿 置 業 控 股 有 限 公 司

(Incorporated in the Cayman Islands with limited liability)

(Stock Code: 1966)

DISCLOSURE PURSUANT TO RULE 13.18

This announcement is made by China SCE Property Holdings Limited (the ''Company'') in compliance with the disclosure requirements under Rule 13.18 of the Rules Governing the Listing of Securities (''Listing Rules'') on The Stock Exchange of Hong Kong Limited.

By an agreement dated 4 January 2016 (the ''Facility Agreement'') entered into by and among, inter alia, the Company as borrower, certain of its subsidiaries as original guarantors, Bank of China (Hong Kong) Limited, The Hongkong and Shanghai Banking Corporation Limited, Ping An Bank Co., Ltd. and Hang Seng Bank Limited as mandated lead arrangers and bookrunners, a syndicate of banks (the ''Banks'') as the original lenders, and Hang Seng Bank Limited as the agent, the Banks have agreed to grant to the Company a term loan facility in the principal amount of US$400,000,000 (the ''Facility''). The Facility is for refinancing certain existing indebtedness of the Company and its subsidiaries.

The Facility is for a term of three years and six months commencing from the date on which the first utilization of the Facility is made under the Facility Agreement, and is guaranteed by certain subsidiaries of the Company. The interest rate of the Facility for each interest period is the aggregate of the (a) margin of 4.2% per annum; and (b) London Interbank Offered Rate to be determined subject to the terms and conditions of the Facility Agreement.

The Facility Agreement contains a requirement that Mr. Wong Chiu Yeung (''Mr. Wong'') and his family members (together with Mr. Wong, the ''Wong Family'') (a) must remain the single largest shareholder in the Company; (b) must hold legally and beneficially and directly or indirectly 40% or more of all classes of the Company's voting share capital and/ or must directly or indirectly control (has the meaning given to it in accordance with the Hong Kong Code on Takeovers and Mergers) the Company; and (c) Mr. Wong or a member of the Wong Family must remain to be the chairman of the board of directors (the ''Board'') of the Company.

A breach of such requirement will constitute an event of default under the Facility Agreement, and as a result, the Facility is liable to be declared immediately due and payable.

As at the date hereof, Mr. Wong and his associates (as defined under the Listing Rules) together own approximately 57.58% of the voting share capital of the Company.

By order of the Board of

China SCE Property Holdings Limited Wong Chiu Yeung

Chairman

Hong Kong, 4 January 2016

As at the date of this announcement, the executive directors of the Company are Mr. Wong Chiu Yeung, Mr. Chen Yuanlai, Mr. Cheng Hiu Lok, Mr. Li Wei and Mr. Huang Youquan, and the independent non-executive directors are Mr. Ting Leung Huel Stephen, Mr. Lu Hong Te and Mr. Dai Yiyi.