CCT Land : Voluntary Announcement

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)

VOLUNTARY ANNOUNCEMENT

This announcement is made by CCT Land Holdings Limited (the "Company") on a voluntary basis to keep the shareholders and potential investors of the Company informed of the latest business development of the Company.

INTRODUCTION

Guangdong-Hong Kong-Macau Bay Area (the "Greater Bay Area"), which is one of the four biggest bay areas in the world, covers an area of 56,000 square kilometers with a population exceeding 69 million. In 2017, the regional gross domestic product (GDP) of the Greater Bay Area exceeded HK$11 trillion and ranked the 11th among all the economic areas in the world.

The development of the Greater Bay Area is not only a key strategic plan in China's development blueprint, but also a national strategy personally planned, deployed and promoted by the Chairman Xi Jinping (習近平總書記). Being of great significance for innovation-driven development and reform and opening up of China, the Greater Bay Area will further deepen the cooperation between Guangdong, Hong Kong and Macau, optimise the dual advantages of "One Country, Two Systems", and bring new opportunities for the cluster of cities in Guangdong, Hong Kong and Macau.

To grasp the huge development opportunities in the Greater Bay Area, the Company has establisheda Greater Bay Area investment working group to proactively seek for investment and development projects in the Greater Bay Area. The scope of business projects explored by the Company include:

• (1) property business: property development, urban redevelopment, housing for elderly people, composite development of industrial property projects and property restructuring;

• (2) finance business: investment funds in the Greater Bay Area, finance lease and distress asset business;

• (3) emerging product business: new energy vehicles, systems for big data and cloud storage and other intelligent products; and

• (4) education and training, artificial intelligence logistics network and other high-growth and high-quality business projects as well as business supported by the State.

The Company is currently negotiating multi-faceted and sustainable progressing cooperation with various large and leading enterprises in the Greater Bay Area.

STRATEGIC COOPERATION AGREEMENT

The board (the "Board") of directors (the "Director(s)") of the Company hereby announces that on 4 January 2019, Greater Bay Area Finance Holdings Limited ("Greater Bay Area Finance") (a wholly-owned subsidiary of the Company) entered into a strategic cooperation agreement (the "Agreement") with Shenzhen Century Huixin Industrial Group Company Limited* (深圳市世紀 匯鑫實業集團有限公司) ("Huixin") to commence cooperation in the Greater Bay Area. Both parties will leverage the valuable assets accumulated by Huixin over the years and will cooperate in the areas focusing on property development, distress assets restructuring, toll road asset restructuring and transfer of operation rights and transfer of rental properties.

Pursuant to the Agreement, both parties will jointly set up a working group to use their respective best endeavors to procure the entering of definitive formal agreement(s) in respect of one or more projects within two months. Upon signing of the definitive agreement(s), the Company will make further announcement(s) in compliance with the requirements of The Stock Exchange of Hong Kong Limited as and when appropriate.

INFORMATION ON HUIXIN

Shenzhen Century Huixin Industrial Group Company Limited is a large conglomerate with nearly 30 years of history. It is principally engaged in real estate development, and is gradually extending its business to financial investment, equity investment, aircraft leasing and other business sectors.

Huixin has participated in various real estate development projects in Shenzhen, Guangzhou, Shenyang and Xiamen. Its completed projects and projects under construction have a total gross floor area of over 2 million square meters, of which the completed area is approximately 1.8 million square meters, with a total investment amount of over Renminbi 10 billion. Huixin has also participated in the development of certain real estate projects through joint venture companies, including Luohu Commercial City (羅湖商業城) in Shenzhen, which is a shopping centre well-known to Hong Kong people.

INFORMATION ON GREATER BAY AREA FINANCE

Greater Bay Area Finance Holdings Limited is a company incorporated in Hong Kong with limited liability and a wholly-owned subsidiary of the Company.

The Board believes that entering into the Agreement is beneficial to the Company as both parties will establish a stable and mutually beneficial strategic cooperation relationship in the long run by leveraging on their respective strengths, resources and talents.

By Order of the Board of CCT LAND HOLDINGS LIMITED

Mak Shiu Tong, Clement

Chairman

Hong Kong, 4 January 2019

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 and Mr. Xu Jinhuan; the independent non-executive Directors are Mr. Chow Siu Ngor, Mr. Lau Ho Kit, Ivan and Mr. Tam King Ching, Kenny.

* for identification purpose only