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.

TIMES PROPERTY HOLDINGS LIMITED

時 代 地 產 控 股 有 限 公 司

(Incorporated in the Cayman Islands with limited liability)

(Stock Code: 1233) VOLUNTARY ANNOUNCEMENT ACQUISITION OF LAND

Times Property Holdings Limited (the "Company", together with its subsidiaries, the "Group") is pleased to announce that on 16 January 2017, Foshan Times Hongtai Investment Company Limited*（ 佛山市時代鴻泰投資有限公司）, a wholly-owned subsidiary of the Company, succeeded in public auction for the acquisition of the land use right of a land parcel (the "Land Parcel") in Foshan City, Guangdong Province, the People's Republic of China (the "PRC") for a total consideration of approximately RMB3,137 million (the "Consideration").

The Land Parcel is situated at Nanhai District, Foshan City, Guangdong Province, the PRC

（ 中國廣東省佛山市南海區）, with a total site area of approximately 117,893 sq.m, and its plot ratio shall not exceed 3.0. The Land Parcel is mainly designated for the development of residential properties and the term of the residential land use right is 70 years, which was offered for public auction by the Land and Resources Bureau of Foshan（ 佛山市國土資源 局）. The Consideration will be funded by internal resources of the Group.

In view of the location and the designated use of the Land Parcel, the directors of the Company (the "Directors") consider that the acquisition of the Land Parcel is in line with the business development strategy and plan of the Group. The Directors further consider that the acquisition is carried out in the ordinary course of business and is on normal commercial terms which are fair and reasonable and in the interests of the shareholders of the Company as a whole.

Hong Kong, 17 January 2017

By Order of the Board

Times Property Holdings Limited Shum Chiu Hung

Chairman

As at the date of this announcement, the executive directors of the Company are Mr. Shum Chiu Hung, Mr. Guan Jianhui, Mr. Bai Xihong, Mr. Li Qiang, Mr. Shum Siu Hung and Mr. Niu Jimin and the independent non-executive directors of the Company are Mr. Jin Qingjun, Ms. Sun Hui and Mr. Wong Wai Man.

* For identification purpose only

Times Property Holdings Limited published this content on 17 January 2017 and is solely responsible for the information contained herein.
Distributed by Public, unedited and unaltered, on 17 January 2017 12:06:08 UTC.

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