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.

Times ProPerTy Holdings limiTed

(Incorporated in the Cayman Islands with limited liability)

(stock Code: 01233) VolUnTAry AnnoUnCemenT ACqUisiTion of lAnd

Times Property Holdings Limited (the "Company", together with its subsidiaries, the "group") is pleased to announce that on 8 January 2015, Times Billion Limited (Oil!fil&0li), a wholly-owned
subsidiary of the Company, has succeeded in the public auction to acquire the land-use-right of a land parcel (the "land Parcel") in Guangzhou City, Guangdong Province, the People's Republic of China (the "PrC") for a total consideration of RMB675,750,000 (the "Consideration").
The Land Parcel is situated at Zengcheng District, Guangzhou City, Guangdong Province, the PRC (cfll!lll1"ll:1rtiJ!lJil!). The total site area of the Land Parcel is approximately 93,755 sq.m, and its plot ratio shall not exceed 2.5. The Land Parcel is designated for developing commercial and residential properties with a term of 40 years and 70 years, respectively.
The Land Parcel was provided for public auction by the Land and Resources Bureau of Zengcheng* (J! lJil!ll!±�illi). Of the Consideration, RMB136 million has been paid by the Company as deposit. The remaining balance will be paid within one month from the date of signing of the purchase confirmation. The Consideration will be funded by internal resources of the Group.
In view of the location and the designated use of the Land Parcel, the directors of the Company (the "directors") consider that the acquisition of the Land Parcel is in line with the business development strategy and plan of the Group. The Directors further consider that the acquisition is carried out in the ordinary course of business and are on normal commercial terms which are fair and reasonable and in the interests of the shareholders of the Company as a whole.
By order of the Board

Times Property Holdings limited shum Chiu Hung

Chairman

Hong Kong, 8 January 2015

As at the date of this announcement, the executive Directors are Mr. Shum Chiu Hung, Mr. Guan Jianhui, Mr. Bai Xihong, Mr. Li Qiang, Mr. Cen Zhaoxiong and Mr. Niu Jimin and the independent non-executive Directors are Dr. Wong, Kennedy, Ying Ho, Ms. Sun Hui and Mr. Wong Wai Man.

* For identification purpose only

distributed by