General Announcement::PARTIAL REPURCHASE AND CANCELLATION OF SENIOR NOTES

The Singapore Exchange Securities Trading Limited assumes no responsibility for the contents of this announcement, makes no representation as to its accuracy or completeness and expressly disclaims any liability whatsoever for any loss howsoever arising from or in reliance upon the whole or any part of the contents of this announcement. This announcement is for information purposes only and is not an offer to sell or the solicitation of an offer to acquire, purchase or subscribe for securities and neither this announcement nor anything herein forms the basis for any contract or commitment whatsoever.

This announcement does not constitute an offer to sell or the solicitation of an offer to buy any securities in the United States or any other jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such jurisdiction. The securities referred to herein have not been and will not be registered under the U.S. Securities Act. No securities may be offered or sold in the United States absent registration except pursuant to an exemption from, or a transaction not subject to, the registration requirements. Any public offering of securities to be made in the United States will be made by means of a prospectus that may be obtained from the issuer or the selling security holder. Such prospectus will contain detailed information about the company involved and its management and financial statements. The Company does not intend to make any public offering of securities in the United States.

(Stock Code: 0832)

6.75% SENIOR NOTES DUE 2021

ANNOUNCEMENT OF

PARTIAL REPURCHASE AND CANCELLATION

Reference is made to the "Debt - Listing Confirmation" announcement dated 8 November

2016 in connection with the listing of US$400,000,000 6.75% Senior Notes due 2021 (ISIN: XS1512966372) (the "November 2021 Notes"), and the announcements dated 31 October 2016, 2 November 2016, 26 September 2019 and 27 September 2019 issued by Central China Real Estate Limited (the "Company").

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As at the date hereof, the Company has in the open market repurchased US$36,780,000 in aggregate principal amount of the November 2021 Notes, representing approximately 9.20% of the original issue size of the November 2021 Notes. Such repurchased November 2021 Notes have been cancelled in accordance with the terms and conditions of the November 2021 Notes. After such cancellation, US$363,220,000 in aggregate principal amount of the November 2021 Notes remains outstanding, and such outstanding November 2021 Notes will mature on 8 November 2021.

By order of the Board

Central China Real Estate Limited

Wu Po Sum

Chairman

Hong Kong, 28 October 2021

As at the date of this announcement, the Board comprises nine Directors, of which Mr. Wu Po Sum, Mr. Wang Jun and Mr. Yuan Xujun are executive Directors, Mr. Lim Ming Yan, Ms. Wu Wallis (alias Li Hua) and Ms. Chen Ying 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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