Central China Real Estate : CCRE Secures 37th and 38th Management Entrustment Contract with Light-Asset Model Projects in Sanya, Hainan Province and Shangqiu, Henan Province

[For Immediate Release] CCRE Secures 37th and 38th Management Entrustment Contract with Light-Asset Model Projects in Sanya, Hainan Province and Shangqiu, Henan Province

(30 December 2016- Hong Kong) -- Central China Real Estate Limited ("CCRE" or the "Company", together with its subsidiaries, the "Group"; SEHK stock code: 832), one of the leading Henan-based property developers announces that on 29 December 2016 and 30 December 2016, Henan Zhongyuan Central China City Development Limited ("CCRE Zhongyuan"), an indirect wholly owned subsidiary of the Company, entered into two management entrustment contracts for developing real estate projects with Zhengzhou Jinmeiyi Properties Limited ("Zhengzhou Jinmeiyi") and Henan Wuxing Shengshi Properties Limited ("Wuxing Shengshi") respectively.

CCRE Zhongyuan (as the trustee) entered into our 37th management entrustment contract, for developing real estate project with a planned gross floor area of approximately 80,000 square meters (the ''Sanya Nantian Hot Spring Club 8 Management Entrustment Contract'') with Zhengzhou Jinmeiyi (as the principal) for an estimated period of 48 months. According to the Sanya Nantian Hot Spring Club 8 Management Entrustment Contract, CCRE Zhongyuan was engaged by Zhengzhou Jinmeiyi for developing, operating and managing the real estate project established on a parcel of land in the Dongfeng Branch, Nantian State Farm, Haitang Bay Town, Sanya City, Hainan Province of the PRC (the ''Sanya Nantian Hot Spring Club 8 Project''), which CCRE China would charge a management fee including royalty fee and performance fee in return.

CCRE Zhongyuan (as the trustee) entered into our 38th management entrustment contract, for developing real estate project with a planned gross floor area of approximately 100,000 square meters (the ''Shangqiu Suixian Management Entrustment Contract'') with Li Jingsheng and Zhang Guoyin (as the guarantors) as well as Wuxing Shengshi (as the principal) for an estimated period of 36 months. According to the Shangqiu Suixian Management Entrustment Contract, CCRE Zhongyuan was engaged by Wuxing Shengshi for developing, operating and managing the real estate project established on a parcel of land in the east of Fumin Road, the west of Xiangyi Road, the south of Fengcheng Avenue and the north of Guihua Road, Suixian, Shangqiu City, Henan Province of the PRC (the ''Shangqiu Suixian Project''), which CCRE China would charge a management fee including royalty fee and performance fee in return.

Mr. Wu Po Sum, Chairman of the Group said, "The Sanya Nantian Hot Spring Club 8 Project and the Shangqiu Suixian Project are our 37th and 38th Management Entrustment Contract since December 2015, surpassed our target of securing 30 projects by the end of 2016. The approximate total GFA reached 7.47 million sqm. The light-asset projects will continue the direction in achieving the blue ocean strategy and further promote the Group's transformation in light-asset operating model. We believe such projects under light-asset model will become one of the business growth drivers for the Group in the future."

About CCRE

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Central China Real Estate Limited is one of the leading Henan-based property developers which focus on developing high- quality residential properties. Known for its outstanding product quality, strong brand and experienced management team, the company ranked 28th among the "Top 500 Chinese Property Developers in 2016", according to "2016 Research Report on Top 500 Chinese Property Developers" jointly published by China Real Estate Association and China Real Estate Appraisal. CCRE also topped the list of "Top 10 Chinese Property Developers in Regional Operations" for the sixth year in a row and repeatedly ranked among the top five Hong Kong-listed mainland Chinese property companies in terms of performance. It is also the only central China-based property developer to rank among the country's top 30 real estate firms and remains the top real estate developer in Henan province.

For further information, please contact: Central China Real Estate Ltd iPR Ogilvy & Mather

Mr. Vinh Mai Ms. Tina Law

Head of Investor Relations and Chief Investment Officer Tel: [phone] Email:[e-mail] Email: [e-mail]

Disclaimer

In view of the presence of various uncertainties during the property sales process, the property sales data disclosed above are based on preliminary internal management records of the Group and are unaudited. The above data may differ from the data to be disclosed in the regular reports of the Company. Such data are provided for investors' reference only, and do not constitute, nor should they be construed as, an offer or solicitation to sell or buy any securities or financial products of the Company. They should not be used as a basis for research reports, and are not intended to, nor should they constitute any investment advice. Shareholders of the Company and potential investors are advised to exercise caution, and should not place undue reliance on the data disclosed herein.