Central Development Holdings Limited — Capital/Financing Update 2011

Jan 12, 2011

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 liabilities whatsoever for any loss howsoever arising from or in reliance upon the whole or any part of the contents of this announcement.

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China Timber Resources Group Limited （ 中國木業資源集團有限公司 ***** ）

(incorporated in the Cayman Islands with limited liability) (Stock Code: 269)

SUSPENSION OF TRADING

At the request of China Timber Resources Group Limited (the “ Company ”), trading in the shares of the Company will be suspended with effect from 9:30 a.m., Wednesday, 12 January 2011 pending the release of an announcement in relation to the proposed placing of new shares of the Company under general mandate.

As at the date of this announcement, the Board comprises three executive Directors, namely Mr. Cao Zhong, Mr. Fung Tsun Pong and Mr. Tsang Kam Ching, David; a non-executive Director, Mr. Neil Bush; and three independent non-executive Directors, namely Mr. Yip Tak On, Mr. Jing Baoli and Mr. Bao Liang Ming.

By Order of the Board China Timber Resources Group Limited Cao Zhong Chairman

Hong Kong, 12 January 2011

* For identification purpose only