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CCRE Secures 63Rd to 67Th Management Entrustment Contracts with Light-Asset Model Projects in Nanyang, Shangqiu, Xinxiang and Zhoukou

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CCRE Secures 63Rd to 67Th Management Entrustment Contracts with Light-Asset Model Projects in Nanyang, Shangqiu, Xinxiang and Zhoukou [For Immediate Release] CCRE Secures 63rd to 67th Management Entrustment Contracts with Light-Asset Model Projects in Nanyang, Shangqiu, Xinxiang and Zhoukou (11 Dec 2017– Hong Kong) –– Central China Real Estate Limited (“CCRE” or the “Company”, together with its subsidiaries, the “Group”; SEHK stock code: 832), one of the leading Henan-based property developers announces that on 6 November, 9 November and 10 November 2017 seperately, Henan Zhongyuan Central China City Development Limited (“CCRE Zhongyuan”), an indirect wholly-owned subsidiary of the Company, entered into management entrustment contracts for developing real estate projects with Henan Honghua Properties Limited (“Henan Honghua”), Shangqiu Liyongzhen Trading Limited (“Shangqiu Liyongzhen”), Yuanyang County Zhuotai Properties Development Limited (“Yuanyang Zhuotai”), Yanjin Jianxiang Properties Limited (“Yanjin Jianxiang”) and Zhoukou Xinhe Industrial Company Limited (“Zhoukou Xinhe”). On 6 November, CCRE Zhongyuan (as trustee) entered into its 63rd management entrustment contract for a real estate project with a planned gross floor area of approximately 200,000 square meters with Henan Guangxun Trading Limited（河南廣迅商貿有限公司） (“Henan Guangxunzz”) and Henan Yuanfenggao Trading Limited（河南元豐高商貿有限公司） (“Henan Yuanfenggao”) (as guarantors) and Henan Honghua (as principal) for a period of 42 months (the “Fangcheng County Qifeng Avenue Project Management Entrustment Contract”). Pursuant to the Fangcheng County Qifeng Avenue Project Management Entrustment Contract, CCRE Zhongyuan has been appointed by Henan Honghua 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 Xiwei Road（西威路）, north of Kangda Road（康達路）, east of Weihai Road（威海路）and west of Qifeng Avenue（七峰大道）in Fangcheng County（方城縣）, Nanyang City（南陽市）, Henan Province of the People’ s Republic of China (the “PRC”) (the “Fangcheng County Qifeng Avenue Project”), for which CCRE Zhongyuan shall receive a royalty fee and a performance fee in return. On 6 November, CCRE Zhongyuan (as trustee) entered into its 64th management entrustment contract for a real estate project with a planned gross floor area of approximately 125,000 square meters with Xu Panfei（許 攀飛）, Liu Yan（劉焱）and Xu Wujing（徐五京） (as guarantors) and Shangqiu Liyongzhen (as principal) for a period of 36 months (the “Minquan County Minzhu Road Project Management Entrustment Contract”). Pursuant to the Minquan County Minzhu Road Project Management Entrustment Contract, CCRE Zhongyuan has been appointed by Shangqiu Liyongzhen 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 Beihai Road （北海路）, north of Nanhai Road（南海路）, east of Minzhu Road（民主路）and west of Xiangyang Road （向陽路）in Minquan County（民權縣）, Shangqiu City（商丘市）, Henan Province of the PRC (the “Minquan County Minzhu Road Project”), for which CCRE Zhongyuan shall receive a royalty fee and a performance fee in return. On 9 November, CCRE Zhongyuan (as trustee) entered into its 65th management entrustment contract for a real estate project with a planned gross floor area of approximately 63,000 square meters with Wang Lufeng （王路峰）and Yang Congjie（楊聰潔） (as guarantors) and Yuanyang Zhuotai (as principal) for a period of 24 months (the “Yuanyang County Fire Brigade Project Management Entrustment Contract”). Pursuant to the Yuanyang County Fire Brigade Project Management Entrustment Contract, CCRE Zhongyuan has been appointed by Yuanyang Zhuotai 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 Huimin Street（惠民 街）and south of the Fire Brigade （消防大隊）in Yuanyang County（原陽縣）, Xinxiang City（新鄉市）, Henan Province of the PRC (the “Yuanyang County Fire Brigade Project”), for which CCRE Zhongyuan shall receive a royalty fee and a performance fee in return. On 9 November, CCRE Zhongyuan (as trustee) entered into its 66th management entrustment contract for a real estate project with a planned gross floor area of approximately 69,000 square meters with Zhao Yinli（趙銀 利）, Cui Mingliang（崔明亮）and Zhao Yongjun（趙永軍）(as guarantors) and Yanjin Jianxiang (as principal) for a period of 24 months (the “Yanjin County Ping An Avenue Project Management Entrustment Contract”). Pursuant to the Yanjin County Ping An Avenue Project Management Entrustment Contract, CCRE Zhongyuan has been appointed by Yanjin Jianxiang 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 Ping An Avenue（平安大道）and east of Minsheng Road（民生路）in Yanjin County（延津縣）, Xinxiang City（新鄉 市）, Henan Province of the PRC (the “Yanjin County Ping An Avenue Project”), for which CCRE Zhongyuan shall receive a royalty fee and a performance fee in return. On 10 November, CCRE Zhongyuan (as trustee) entered into its 67th management entrustment contract for a real estate project with a planned gross floor area of approximately 79,000 square meters with Ding Hui（丁輝） and Liu Wensheng（劉文生） (as guarantors) and Zhoukou Xinhe (as principal) for a period of 30 months (the “Zhoukou City Jian An Road Project Management Entrustment Contract”). Pursuant to the Zhoukou City Jian An Road Project Management Entrustment Contract, CCRE Zhongyuan has been appointed by Zhoukou Xinhe 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 Jian An Road（建安路）and south of Anju Road（安 居路）in Zhoukou City（周口市）, Henan Province of the PRC (the “Zhoukou City Jian An Road 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 five projects are our 63rd to 67th Management Entrustment Contract since December 2015. The approximate total GFA reached 11.32 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.” - End - 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 28th among the “Top 500 Chinese Property Developers in 2016”, according to “2016 Research Report on Top 500 Chinese Property Developers” 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 sixth year in a row and repeatedly ranked among the top five Hong Kong-listed mainland Chinese property companies in terms of performance. It is also the only central China-based property developer to rank among the country’s top 30 real estate firms 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. .
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