Times Property : VOLUNTARY ANNOUNCEMENT ACQUISITION OF LAND

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TIMES PROPERTY HOLDINGS LIMITED

時 代 地 產 控 股 有 限 公 司

(Incorporated in the Cayman Islands with limited liability)

(Stock Code: 1233) VOLUNTARY ANNOUNCEMENT ACQUISITION OF LAND

Times Property Holdings Limited (the "Company", together with its subsidiaries, the "Group") is pleased to announce that on 22 January 2016, Foshan Times Hongtai Investment Company Limited* (佛山市時代鴻泰投資有限公司), a wholly-owned subsidiary of the Company, has succeeded in the public auction to acquire the land-use- right of a land parcel (the "Land Parcel") in Foshan City, Guangdong Province, the People's Republic of China (the "PRC") for a total consideration of approximately RMB6,406 million (the "Consideration").

The Land Parcel is situated at Nanhai District, Foshan City, Guangdong Province, the PRC (中國廣東省佛山市南海區), total site area of the Land Parcel is approximately 111,658 sq.m, and its plot ratio shall not exceed 3.75. The Land Parcel is designated for

developing commercial and residential properties with a term of 40 years and 70 years, respectively, and was provided for public auction by the Land and Resources Bureau of Foshan (佛山國土資源局). The Consideration will be funded by internal resources of the Group.

In view of the location and the designated use of the Land Parcel, the directors of the Company (the "Directors") consider that the acquisition of the Land Parcel is in line with the business development strategy and plan of the Group. The Directors further consider that the acquisition is carried out in the ordinary course of business and are on normal commercial terms which are fair and reasonable and in the interests of the shareholders of the Company as a whole.

Hong Kong, 22 January 2016

By order of the Board

Times Property Holdings Limited Shum Chiu Hung

Chairman

As at the date of this announcement, the executive directors of the Company are Mr. Shum Chiu Hung, Mr. Guan Jianhui, Mr. Bai Xihong, Mr. Li Qiang, Mr. Cen Zhaoxiong and Mr. Niu Jimin and the independent non-executive directors of the Company are Mr. Jin Qingjun, Ms. Sun Hui and Mr. Wong Wai Man.

* For identification purpose only