Beijing Properties : Announcements and Notices - Further Delay in Despatch of Circular in Relation to Conn ...

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FURTHER DELAY IN DESPATCH OF CIRCULAR IN RELATION TO CONNECTED AND DISCLOSEABLE TRANSACTION RELATING TO ACQUISITION OF 49% EQUITY INTEREST IN BELLOMONTE S. A. AND CAPITAL CONTRIBUTION TO JOINT VENTURE COMPANY

Reference is made to the announcements of the Company dated 16 August 2016 and 23 August 2016 in relation to the Acquisition of 49% equity interest in Bellomonte

S.A. and Capital Contribution to Joint Venture Company and the announcement of the Company dated 12 September 2016, 12 October 2016 and 29 November 2016, respectively, in relation to the delay in despatch of the Circular (collectively, the "Announcements"). Capitalised terms used herein shall have the same meanings as those defined in the Announcements unless defined otherwise herein.

As disclosed in the announcement of the Company dated 29 November 2016 in relation to the further delay in despatch of the Circular, the Circular containing, among other things, (i) a letter of advice from the independent financial adviser to both the Independent Board Committee and the Independent Shareholders, (ii) a letter of recommendation from the Independent Board Committee to the Independent Shareholders and, (iii) the details of the Acquisition Agreement and Supplemental Agreement, was expected to be dispatched to the Shareholders on or before 27 January 2017 (Friday). As additional time is required for the Company to prepare and finalise certain information for inclusion in the Circular, it is expected that the

despatch date of the Circular will be further postponed to a date falling on or before 31 March 2017 (Friday).

By Order of the Board

Beijing Properties (Holdings) Limited Cheng Ching Fu

Company Secretary

Hong Kong, 26 January 2017

As at the date of this announcement, Mr. Qian Xu, Mr. Hu Yebi, Mr. Li Shuping, Mr. Zhao Jiansuo, Mr. Siu Kin Wai, Mr Yu Luning, Mr. Mr. Ang Renyi, Mr. Wan Lee Cham, Mr. Dong Qilin and Mr. Li Changfeng are the Executive Directors; Mr. Goh Gen Cheung, Mr. Zhu Wuxiang, Mr. James Chan, Mr. Song Lishui and Mr. Chan Yuk Cheung are the Independent Non-executive Directors.