Central China Real Estate : CCRE Secures 48th to 52nd Management Entrustment Contracts with Light-Asset Model Projects in Song County, Tangyin County, Xun County, Puyang County and Jiaozuo City

[For Immediate Release] CCRE Secures 48th to 52nd Management Entrustment Contracts with Light-Asset Model Projects in Song County, Tangyin County, Xun County, Puyang County and Jiaozuo City

(14 July 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 26 June 2017 and 29 June 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 Luo Yang Tian Yun Industrial Company Limited ("Luoyang Tianyun"), An Yang An Chung Real Estate Development Limited ("Anyang Anchuang"), Xun Xian Yong Fa Real Estate Development Limited ("Xunxian Yongfa"), Pu Yang Shi Xiang Yun Properties Limited ("Puyang Xiangyun") and Jiao Zuo Heng Zeng Properties Limited ("Jiaozuo Hengzeng").

On 26 June 2017, CCRE Zhongyuan (as the trustee) entered into our 48th management entrustment contract for developing real estate project with a planned gross floor area of approximately 367,000 square meters (the "Songxian Tiancheng Road Project Management Entrustment Contract") with Zhao Changfei, Li Huike and Li Hui (as the guarantors) as well as Luoyang Tianyun (as the principal) for a period of 48 months. According to the Songxian Tiancheng Road Project Management Entrustment Contract, CCRE Zhongyuan was engaged by Luoyang Tianyun for developing, operating and managing the real estate project established on a parcel of land in the east of Xihuan Road, the west of Tiancheng Road and the south of Jincheng Road, Song County, Luoyang City, Henan Province of the People's Republic of China (the "PRC") (the "Songxian Tiancheng Road Project"), which CCRE Zhongyuan would charge royalty fee and performance fee in return..

On 29 June 2017, CCRE Zhongyuan (as the trustee) entered into our 49th management entrustment contract for developing real estate project with a planned gross floor area of approximately 123,000 square meters (the "Tangyin Wenchang Road Project Management Entrustment Contract") with Gao Zhenjiang, Chen Liping and Song Naitao (as the guarantors) as well as Anyang Anchuang (as the principal) for a period of 36 months. According to the Tangyin Wenchang Road Project Management Entrustment Contract, CCRE Zhongyuan was engaged by Anyang Anchuang for developing, operating and managing the real estate project established on a parcel of land in the east of Xinzongsi Road, the south of Zhide Street, the west of Xinzongsan Road and the north of Chongwen Avenue, Tangyin County, Anyang City, Henan Province of the PRC (the "Tangyin Wenchang Road Project"), which CCRE Zhongyuan would charge royalty fee and performance fee in return.

On 29 June 2017, CCRE Zhongyuan (as the trustee) entered into our 50th management entrustment contract for developing real estate project with a planned gross floor area of approximately 135,000 square meters (the "Xunxian Xiaohe Road Project Management Entrustment Contract") with Liu Guosheng (劉國勝) (as the guarantor) as well as Xunxian Yongfa (as the principal) for a period of 48 months. According to the Xunxian Xiaohe Road

Project Management Entrustment Contract, CCRE Zhongyuan was engaged by Xunxian Yongfa for developing, operating and managing the real estate project established on a parcel of land in the east of Xiaohe Road and the south of Jincheng Road, Xun County, Anyang City, Henan Province of the PRC (the "Xunxian Xiaohe Road Project"), which CCRE Zhongyuan would charge royalty fee and performance fee in return.

On 29 June 2017, CCRE Zhongyuan (as the trustee) entered into our 51st management entrustment contract for developing real estate project with a planned gross floor area of approximately 91,000 square meters (the "Puyang Tieqiu Road Project Management Entrustment Contract") with Yan Kai, Lv Guangyong and Lv Guangqin (as the guarantors) as well as Puyang Xiangyun (as the principal) for a period of 36 months. According to the Puyang Tieqiu Road Project Management Entrustment Contract, CCRE Zhongyuan was engaged by Xinyang Hongda for developing, operating and managing the real estate project established on a parcel of land in the west of Beiguan Road and the north of Tieqiu Road, Puyang County, Puyang City, Henan Province of the PRC (the "Puyang Tieqiu Road Project"), which CCRE Zhongyuan would charge royalty fee and performance fee in return.

On 29 June 2017, CCRE Zhongyuan (as the trustee) entered into our 52nd management entrustment contract for

developing real estate project with a planned gross floor area of approximately 74,000 square meters (the "Jaiozuo Yingbin Road Project Management Entrustment Contract") with Gao Ju, Xie Haijiang and Du Haiping (as the guarantors) as well as Jiaozuo Hengzeng (as the principal) for a period of 24 months. According to the Jaiozuo Yingbin Road Project Management Entrustment Contract, CCRE Zhongyuan was engaged by Jiaozuo Hengzeng for developing, operating and managing the real estate project established on a parcel of land in the west of Yingbin Avenue and the north of Nanyang Avenue, Jiaozuo City, Henan Province of the PRC (the "Jiaozuo Yingbin Road Project"), which CCRE Zhongyuan would charge royalty fee and performance fee in return.

Mr. Wu Po Sum, Chairman of the Group said, "These five projects are our 48th to 52nd Management Entrustment Contract since December 2015. The approximate total GFA reached 9.91 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 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

Mr. Vinh Mai Ms. Tina Law

Head of Investor Relations and Chief Investment Officer Tel: [phone] Email:[e-mail] Email: [e-mail]

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.