CLPH China Logistics Property : VOLUNTARY ANNOUNCEMENT STRATEGIC COOPERATION WITH LASALLE INVESTMENT MANAGEMENT

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China Logistics Property Holdings Co., Ltd 中國物流資產控股有限公司

(Incorporated in the Cayman Islands with limited liability)

(Stock Code: 1589)

VOLUNTARY ANNOUNCEMENT STRATEGIC COOPERATION WITH LASALLE INVESTMENT MANAGEMENT

This is a voluntary announcement made by China Logistics Property Holdings Co., Ltd (the "Company").

The Company is pleased to announce that on August 22, 2018, the Company and LaSalle Investment Management Asia Pte. Ltd. ("LaSalle") entered into a cooperation framework agreement, pursuant to which the Company and a fund managed by LaSalle agreed in principle to establish a joint investment program, subject to, the parties respective board and investment committee approvals, whereby the Company and the LaSalle managed fund will invest up to US$300 million in and operate a portfolio of logistics warehousing projects located in the People's Republic of China. Under the cooperation framework agreement, the Company committed to invest up to US$90 million subject to the conditions described in the cooperation framework agreement and granted certain pre-emptive rights to LaSalle in relation to certain of its logistics assets and developments located in China. The Company's onshore affiliates will also be engaged to provide project management services or property management services to the logistics warehousing projects invested by the joint venture vehicles formed by the Company and the LaSalle managed fund and will be entitled to receive management service fees.

The cooperation framework agreement and the transactions contemplated thereunder do not constitute notifiable transactions or connected transactions of the Company under Chapter 14 and Chapter 14A of the Rules Governing the Listing of Securities on The Stock Exchange of Hong Kong Limited.

About LaSalle

LaSalle Investment Management is one of the world's leading real estate investment managers with approximately $59.0 billion of private and public equity and private debt investments under management as of 30 June 2018. LaSalle's diverse client base includes public and private pension funds, insurance companies, governments, corporations, endowments and private individuals fromacross the globe. LaSalle sponsors a complete range of investment vehicles including separate accounts, open-ended and closed-end funds, public securities and entity-level investments. LaSalle is a wholly-owned, operationally independent subsidiary of Jones Lang LaSalle Inc. (NYSE: JLL), one of the world's largest real estate companies.

China Logistics Property Holdings Co., Ltd 中國物流資產控股有限公司

LI Shifa Chairman

Shanghai, PRC, August 22, 2018

As at the date of this announcement, Mr. Li Shifa, Mr. Pan Naiyue, Mr. Wu Guolin, Ms. Li Huifang, Mr. Chen Runfu, Mr. Cheuk Shun Wah and Ms. Shi Lianghua are the executive directors; Mr. Huang Xufeng, Ms. Li Qing and Mr. Fu Bing are the non-executive directors; and Mr. Guo Jingbin, Mr. Fung Ching Simon, Mr. Wang Tianye, Mr. Leung Chi Ching Frederick and Mr. Chen Yaomin are the independent non-executive directors.