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(Stock Code: 0832)

VOLUNTARY ANNOUNCEMENT BUSINESS UPDATES – LIGHT-ASSET MODEL PROJECTS

The board (the “Board”) of directors (the “Directors”) of Central Real Estate Limited (the “Company”, together with its subsidiaries, the “Group”) is pleased to announce that Zhongyuan Central China City Development Company Limited*（河南中原建業 城市發展有限公司）(“CCRE Zhongyuan”), an indirect wholly-owned subsidiary of the Company, entered into management entrustment contracts for real estate projects with the following parties, respectively:

Date Party

(1) 7 May 2018 Dicheng Properties Limited*（商丘帝城置業有限 公司）(“Shangqiu Dicheng”)

(2) 11 May 2018 Tongxu Xinji Properties Limited*（通許縣鑫基置業有限公 司）(“Tongxu Xinji”)

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(3) 22 May 2018 Henan Huajincheng Industrial Development Limited*（河南 省華錦城實業發展有限公司）(“Henan Huajincheng”)

(4) 22 May 2018 Haoshiduo Industrial Limited*（汝州市好事多實業 有限公司）(“Ruzhou Haoshiduo”)

(1) CCRE Zhongyuan (as trustee) entered into a management entrustment contract for a real estate project with a planned gross floor area of approximately 58,200 square meters with Miao Jie*（苗潔）, Tian Wei*（田偉）, Zu Yingjie*（祖英傑）and Song Jie*（宋 傑）(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（春光路）, west of Kanglin Road（康林路）, south of Hongxing Road（紅星路）and north of Xingyun Road（幸運路）in Shangqiu City（商丘市）, 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.

(2) CCRE Zhongyuan (as trustee) entered into a management entrustment contract for a real estate project with a planned gross floor area of approximately 141,200 square meters with Wang Lufeng*（王路峰）, Li Yincheng*（李銀成）(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（西環路）, west of Zongwu Road（縱五路）and north of Wenwei Road（文衛路） in (通許縣), City（開封市）, 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.

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(3) CCRE Zhongyuan (as trustee) entered into a management entrustment contract for a real estate project with a planned gross floor area of approximately 131,500 square meters with Zhou Zhenjun*（周振軍）and Wang Shirui*（汪士瑞）(as guarantors) and Henan Huajincheng (as principal) for a period of 36 months (the “ 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（文明路）and east of Fuxing Road（復興路）in Zhumadian City （駐馬店市）, 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.

(4) CCRE Zhongyuan (as trustee) entered into a management entrustment contract for a real estate project with a planned gross floor area of approximately 137,600 square meters with Lu Yafang*（路亞芳）(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（建材路）and west of Qixiang Road（氣象路）in Ruzhou City（汝州市）, 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.

Shangqiu Spring Time Phase 2 Project, Tongxu Xihuan Road Project, Zhumadian Wenming Road Project and Ruzhou Central Garden Project, as the 84th to 87th projects, under the light asset strategy of the Group, will constitute further new drivers of growth for the development of the Group.

To the best of the Directors’ knowledge having made all reasonable enquiries, Miao Jie*（苗 潔）, Tian Wei*（田偉）, Zu Yingjie*（祖英傑）, Song Jie*（宋傑）, Wang Lufeng*（王 路峰）, Li Yincheng*（李銀成）, Zhou Zhenjun*（周振軍）, Wang Shirui*（汪士瑞）, Lu Yafang*（路亞芳）, Shangqiu Dicheng, Tongxu Xinji, Henan Huajincheng, Ruzhou Haoshiduo and their respective ultimate beneficial owners are independent third parties (as defined under the Rules Governing the Listing of Securities on The Stock Exchange of Hong Kong Limited (the “Listing Rules”)).

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CCRE Zhongyuan is a limited liability company established in the PRC and an indirect wholly-owned subsidiary of the Company. It is principally engaged in real estate development and sales and real estate investment in Henan Province, the PRC with considerable experience in the development and management of real estate projects.

The entering into of the Shangqiu Spring Time Phase 2 Project Management Entrustment Contract, the Tongxu Xihuan Road Project Management Entrustment Contract, the Zhumadian Wenming Road Project Management Entrustment Contract and the Ruzhou Central Garden Project Management Entrustment Contract does not constitute a notifiable transaction under Chapter 14 of the Listing Rules. This announcement is published by the Company on a voluntary basis to provide its shareholders and potential investors with updated information in relation to the business development of the Group.

By order of the Board Central China Real Estate Limited Wu Po Sum Chairman

Hong Kong, 7 June 2018

As at the date of this announcement, the Board comprises nine Directors, of which Mr. Wu Po Sum, Mr. Liu Weixing and Ms. Yan Yingchun are executive Directors, Mr. Lucas Ignatius Loh Jen Yuh, Mr. Puah Tze Shyang and Ms. Wu Wallis (alias Li Hua) are non-executive Directors, Mr. Cheung Shek Lun, Mr. Xin Luo Lin and Dr. Sun Yuyang are independent non-executive Directors.

* For identification purposes only

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