Central China Real Estate : REDEMPTION OF US$400 MILLION 6.5% SENIOR NOTES DUE 2021

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.

(Stock Code: 0832)

REDEMPTION OF US$400 MILLION

6.5% SENIOR NOTES DUE 2021

Reference is made to the announcement of Central China Real Estate Limited (the "Company") dated 27 February 2018 (the "Announcement") in relation to the Company's issuance of US$300 million 6.5% senior notes due 2021, and its additional issuance of US$100 million (together with the said US$300 senior notes, referred as the "2021 Notes").

Unless otherwise defined, capitalized terms used herein shall have the same meanings as defined in the Announcement.

The Company has redeemed all the 2021 Notes in full at maturity (the "Redemption") on 5

March 2021 (the "Maturity Date") at the redemption price (the "Redemption Price") equal to 100% of the principal amount of all the 2021 Notes, which is US$400,000,000, and accrued and unpaid interest of US$13,000,000 up to (but not including) the Maturity Date. The Redemption Price paid by the Company on the Maturity Date is US$413,000,000.

The Company obtained new National Development and Reform Commission (NDRC) approval in February 2021 to support the upcoming funding activities.

The Company considers that there will be no material impact on its financial position as a result of the Redemption. Upon completion of the Redemption, all the 2021 Notes will be cancelled and delisted from the official list of the Singapore Exchange Securities Trading Limited.

By order of the Board

Central China Real Estate Limited

Wu Po Sum

Chairman

Hong Kong, 5 March 2021

As at the date of this announcement, the Board comprises nine Directors, of which Mr. Wu Po Sum, Mr. Wang Jun and Mr. Yuan Xujun are executive Directors, Mr. Lim Ming Yan, Ms. Wu Wallis (alias Li Hua) and Ms. Chen Ying are non-executive Directors, Mr. Cheung Shek Lun, Mr. Xin Luo Lin and Dr. Sun Yuyang are independent non-executive Directors.

*for identification purposes only