Central Development Holdings Limited — Capital/Financing Update 2012

Dec 27, 2012

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.

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CHINA RESOURCES AND TRANSPORTATION GROUP LIMITED 中國資源交通集團有限公司

(Incorporated in the Cayman Islands with limited liability)

(Stock Code: 269)

VOLUNTARY ANNOUNCEMENT

This announcement is made by China Resources and Transportation Group Limited (the “ Company ”) on a voluntary basis.

The board of directors (the “ Board ”) of the Company wishes to announce that, on 27 December 2012, 內蒙古准興重載高速公路有限責任公司 (Inner Mongolia Zhunxing Heavy Haul Expressway Company Limited[*] ) (the “ Subsidiary ”), a 55.9% non-wholly owned subsidiary of the Company, and 國家開發銀行股份有限公司 (China Development Bank Corporation) (“ China Development Bank ”), as the leading bank, 華夏銀行股份有限公司 (Hua Xia Bank Co., Limited) and 招商銀行股份有限公司 (China Merchants Bank Co., Limited), as the participant banks, (together the “ Lenders ”) entered into a loan agreement (the “ Loan Agreement ”), pursuant to which the Lenders agreed to provide a RMB8,820,000,000 loan (the “ Loan ”) to the Subsidiary at an initial annual interest rate of 6.8775% on normal commercial terms, of which RMB3,750,000,000 of the Loan will be for a term of 21 years and RMB5,070,000,000 of the Loan will be for a term of 20 years. Part of the proceeds of the Loan will be used by the Subsidiary to refinance a short-term loan in the amount of RMB3,250,000,000 advanced by the China Development Bank which has been invested in the construction of the heavy-haul toll expressway owned by the Subsidiary. The rest of the proceeds of the Loan will also be invested in the construction of the expressway of the Subsidiary.

• for identification purposes only.

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To the best of the knowledge, information and belief of the directors of the Company, having made all reasonable enquiries, the Lenders and their ultimate beneficial owners are third parties independent of the Company and its connected persons.

The Company has shifted its focus to expressway business and the Subsidiary has been granted an exclusive right to build and operate the first heavy-haul toll expressway of 265 km in the People’s Republic of China for 30 years (excluding the construction period). The Board believes that the granting of the Loan will enrich the working capital of the Subsidiary and strengthen its continuous development capabilities. The construction of the expressway has been in full gear and the Board is confident on its opening in October 2013.

By order of the Board China Resources and Transportation Group Limited Cao Zhong Chairman

Hong Kong, 27 December 2012

As at the date of this Announcement, the Board comprises four executive Directors, namely Messrs Cao Zhong, Fung Tsun Pong, Duan Jingquan and Tsang Kam Ching, David; and three independent non-executive Directors, namely Messrs Yip Tak On, Jing Baoli and Bao Liang Ming.

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