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Central China Real Estate Limited Acquires the Land Use Rights of Three Land Plots in Huiji District, Zhengzhou for RMB613 Million

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Central China Real Estate Limited Acquires the Land Use Rights of Three Land Plots in Huiji District, Zhengzhou for RMB613 Million [For Immediate Release] Central China Real Estate Limited Acquires the Land Use Rights of Three Land Plots in Huiji District, Zhengzhou for RMB613 million (16 February 2016 – 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 27 January 2016, The Group, acquired the land use rights for three plots of land in Huiji District of Zhengzhou city through an auction acquisition process for a total consideration of RMB613 million. The land parcels are located at south of Meiyuan Street, west of Xiangshan Road, Huiji District, Zhengzhou with an aggregate site area of approximately 44,634 sq.m.. CCRE estimates the total expected gross floor area (“GFA”) could be approximately 204,522 sq.m., with an average land cost per GFA of RMB2,999 per sq.m.. This new land purchase will be for mixed-use development, comprising of residential, commercial and carpark. The company plans to commence construction in the first half of 2016 and estimate to complete the project by the first half of 2018. - 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 26th among the “Top 500 Chinese Property Developers in 2014”, according to “2014 Research Report on Top 500 Chinese Property Developers” jointly published by China Real Estate Research Association, 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 Mr. Vinh Mai Head of Investor Relations and Chief Investment Officer Central China Real Estate Limited Email:[email protected] iPR Ogilvy & Mather Tina Law / Gary Li / Rhonda Leung / Joseph Zhou Tel: (852) 2136 6181 / 3170 6753 / 3920 7625 / 3920 7649 Fax: (852) 3170 6606 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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