CCT Land : Results Warning

Hong Kong Exchanges and Clearing Limited and The Stock Exchange of Hong Kong Limited take no responsibility for the contents of this announcement, make no representation as to its accuracy or completeness and expressly disclaim any liability whatsoever for any loss howsoever arising from or in reliance upon the whole or any part of the contents of this announcement.

(Incorporated in Bermuda with limited liability)

(Stock Code: 00261)

RESULTS WARNING

This announcement is made by CCT Land Holdings Limited (the "Company") pursuant to Rule 13.09(2)(a) of the Rules Governing the Listing of Securities on The Stock Exchange of Hong Kong Limited (the "Listing Rules") and the Inside Information Provisions (as defined under the Listing Rules) under Part XIVA of the Securities and Futures Ordinance (Chapter 571 of the Laws of Hong Kong).

After preliminary review by the Company's management on the information currently available, the board (the "Board") of directors (the "Director(s)") of the Company wishes to inform the shareholders and potential investors of the Company that the Company (together with its subsidiaries, the "Group") is expected to record significant increase in consolidated loss attributable to owners of the parent for the year ended 31 December 2016 as compared with the audited consolidated net loss attributable to owners of the parent of HK$74 million for the year ended 31 December 2015. Based on the information currently available, such anticipated increase in the consolidated loss of the Group for the year ended 31 December 2016 was mainly attributable to: (i) decrease in revenue of the telecom product business of the Group due to slow global economy and severe competition of the cordless phone market; (ii) increase in restructuring costs of the Group's manufacturing operations in order to improve its productivity and efficiency in the future; (iii) potential impairment provisions against the manufacturing plant and equipment of the Group; and (iv) potential fair value loss of the investment properties of the Group due to devaluation of the Renminbi and local property market condition in the mainland China.

Despite the above situation, the Board considers that the overall operations and the financial position of the Group as a whole remains sound.

The information in this announcement is only based on the information currently available to the Company, which have not been audited or reviewed by the auditors of the Company or confirmed by the audit committee of the Company. Accordingly, the actual results of the Group for the year ended 31 December 2016 may differ from the information contained in this announcement. Further details of the Group's financial information will be disclosed in the announcement on the annual results of the Group for the year ended 31 December 2016, which is expected to be published before the end of March 2017.

Shareholders and potential investors of the Company are advised to exercise caution when dealing in the securities of the Company.

By Order of the Board of

CCT LAND HOLDINGS LIMITED

Mak Shiu Tong, Clement

Chairman

Hong Kong, 17 January 2017

As at the date of this announcement, the executive Directors are Mr. Mak Shiu Tong, Clement, Ms. Cheng Yuk Ching, Flora, Mr. Tam Ngai Hung, Terry, Mr. Guan Huanfei and Ms. Lai Mei Kwan; the non-executive Director is Mr. Tsui Wing Tak; and the independent non-executive Directors are Mr. Chow Siu Ngor, Mr. Lau Ho Kit, Ivan, Mr. Tam King Ching, Kenny and Dr. Chow Ho Wan, Owen.