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Home , Ruzhou, Shangqiu, Tongxu County, Zhumadian

[For immediate release]

CCRE Secures 84th to 87th Management Entrustment Contracts with Light-Asset Model Projects in , , and

(8 Jun 2018– ) –– Central Real Estate Limited ("CCRE" or the "Company", together with its subsidiaries, the "Group"; SEHK stock code: 832), one of the leading -based property developers announces that on 7, 11 and 22 May 2018, Henan Zhongyuan City Development Company Limited ("CCRE Zhongyuan"), an indirect wholly-owned subsidiary of the Company, entered into management entrustment contracts for developing real estate projects with Shangqiu Dicheng Properties Limited (“Shangqiu Dicheng”), Tongxu Xinji Properties Limited (“Tongxu Xinji”), Henan Huajincheng Industrial Development Limited (“Henan Huajincheng”) and Ruzhou Haoshiduo Industrial Limited (“Ruzhou Haoshiduo”).

On 7 May, CCRE Zhongyuan (as trustee) entered into its 84th management entrustment contract for a real estate project with a planned gross floor area of approximately 58,200 square meters with Miao Jie, Tian Wei, Zu Yingjie and Jie (as guarantors) and Shangqiu Dicheng (as principal) for a period of 36 months (the “Shangqiu Spring Time Phase 2 Project Management Entrustment Contract”). Pursuant to Shangqiu Spring Time Phase 2 Project Management Entrustment Contract, CCRE Zhongyuan has been appointed by Shangqiu Dicheng to undertake the development, operation and management of the real estate project under the management entrustment contract on a land parcel covering the east of Chunguang Road, west of Kanglin Road, south of Hongxing Road and north of Xingyun Road in Shangqiu City, Henan Province of the People’s Republic of China (the “PRC”) (the “Shangqiu Spring Time Phase 2 Project”), for which CCRE Zhongyuan shall receive a royalty fee and a performance fee in return.

On 11 May, CCRE Zhongyuan (as trustee) entered into its 85th management entrustment contract for a real estate project with a planned gross floor area of approximately 141,200 square meters with Wang Lufeng, Yincheng (as guarantors) and Tongxu Xinji (as principal) for a period of 36 months (the “Tongxu Xihuan Road Project Management Entrustment Contract”). Pursuant to Tongxu Xihuan Road Project Management Entrustment Contract, CCRE Zhongyuan has been appointed by Tongxu Xinji to undertake the development, operation and management of the real estate project under the management entrustment contract on a land parcel covering the east of Xihuan Road, west of Zongwu Road and north of Wenwei Road in , Kaifeng City, Henan Province of the PRC (the “Tongxu Xihuan Road Project”), for which CCRE Zhongyuan shall receive a royalty fee and a performance fee in return.

On 22 May, CCRE Zhongyuan (as trustee) entered into its 86th management entrustment contract for a real estate project with a planned gross floor area of approximately 131,500 square meters with Zhou Zhenjun and Wang Shirui (as guarantors) and Henan Huajincheng (as principal) for a period of 36 months (the “Zhumadian Wenming Road Project Management Entrustment Contract”). Pursuant to Zhumadian Wenming Road Project Management Entrustment Contract, CCRE Zhongyuan has been appointed by Henan Huajincheng to undertake the development, operation and management of the real estate project under the management entrustment contract on a land parcel covering the west of Wenming Road and east of Fuxing Road in Zhumadian City, Henan Province of the PRC (the “Zhumadian Wenming Road Project”), for which CCRE Zhongyuan shall receive a royalty fee and a performance fee in return.

On 22 May, CCRE Zhongyuan (as trustee) entered into its 87th management entrustment contract for a real estate project with a planned gross floor area of approximately 137,600 square meters with Lu Yafang (as guarantor) and Ruzhou Haoshiduo (as principal) for a period of 48 months (the “Ruzhou Central Garden Project Management Entrustment Contract”). Pursuant to Ruzhou Central Garden Project Management Entrustment Contract, CCRE Zhongyuan has been appointed by Ruzhou Haoshiduo to undertake the development, operation and management of the real estate project under the management entrustment contract on a land parcel covering the south of Jiancai Road and west of Qixiang Road in Ruzhou City, Henan Province of the PRC (the “Ruzhou Central Garden Project”), for which CCRE Zhongyuan shall receive a royalty fee and a performance fee in return.

Mr. Wu Po Sum, Chairman of the Group said, "These four projects are our 84th to 87th Management Entrustment Contract since December 2015. The approximate total GFA reached 14.18 million sqm. The light-asset projects will continue the direction in achieving the blue ocean strategy and further promote the Group’s transformation in light-asset operating model. We believe such projects under light-asset model will become one of the business growth drivers for the Group in the future."

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About CCRE Central China Real Estate Limited is one of the leading Henan-based property developers which focus on developing high-quality residential properties. Known for its outstanding product quality, strong brand and experienced management team, the Company ranked 26th on the "China Real Estate Listed Company Ranking List", according to Evaluation and Research Report on the Listed Real Estate Companies in the PRC in 2017" jointly published by China Real Estate Association and China Real Estate Appraisal. CCRE also topped the list of "Top 10 Chinese Property Developers in Regional Operations" for the ninth year in a row and repeatedly ranked among the top five Hong Kong-listed mainland Chinese property companies in terms of performance and remains the top real estate developer in Henan province.

For further information, please contact:

Central China Real Estate Ltd iPR Ogilvy & Mather Ms. Cherry Lin Ms. Tina Law Investor Relations Manager Tel: (852) 2136 6181 Email: [email protected] Email: [email protected]

Disclaimer In view of the presence of various uncertainties during the property sales process, the property sales data disclosed above are based on preliminary internal management records of the Group and are unaudited. The above data may differ from the data to be disclosed in the regular reports of the Company. Such data are provided for investors’ reference only, and do not constitute, nor should they be construed as, an offer or solicitation to sell or buy any securities or financial products of the Company. They should not be used as a basis for research reports, and are not intended to, nor should they constitute any investment advice. Shareholders of the Company and potential investors are advised to exercise caution, and should not place undue reliance on the data disclosed herein.