Central Development Holdings Limited — Capital/Financing Update 2014

Aug 29, 2014

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 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)

TERMINATION OF SUBSCRIPTION AGREEMENT IN RELATION TO THE PROPOSED ISSUE OF 9% CONVERTIBLE BONDS DUE 2017 UNDER GENERAL MANDATE AND RESUMPTION OF TRADING

Reference is made to the announcement (the “ Announcement ”) made by China Resources and Transportation Group Limited dated 28 August 2014. All capitalized terms used in this announcement without definition take the same meanings ascribed thereto in the Announcement.

In the Announcement the Company announced that it proposed to issue HK$600,000,000 9% Convertible Bonds due 2017 pursuant to a conditional subscription agreement (the “ Subscription Agreement ”) entered into with China Life. The subscription money for such bonds would be offset against the redemption money for the HK$600 million 9% Convertible Bonds due 2014, which will be maturing on 29 September 2014, which are also held by China Life.

Due to certain restrictions under Rule 10.06(3) of the Listing Rules relating to the announcement of any proposed issue of shares within a period of 30 days after the purchase of Shares by the Company which occurred on 27 August 2014, the Company has cancelled the issue of the 9% Convertible Bonds due 2017 pursuant to the Subscription Agreement. The Company and China Life have, upon amicable discussion, mutually agreed to terminate the Subscription Agreement.

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As at the date of this announcement, the Company has not issued any of the HK$600,000,000 9% Convertible Bonds due 2017 pursuant to the Subscription Agreement.

Shareholders of the Company and potential investors are advised to exercise caution when dealing in the Shares.

RESUMPTION OF TRADING

Trading in the Shares on the Stock Exchange was halted with effect from 9:00 a.m. on 29 August 2014 at the request of the Company pending the release of this announcement. An application has been made to the Stock Exchange for the resumption of trading in the Shares with effect from 9:00 a.m. on 1 September 2014.

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

Hong Kong, 29 August 2014

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

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