Central Development Holdings Limited — Capital/Financing Update 2015

Dec 24, 2015

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)

INSIDE INFORMATION

This announcement is made by CHINA RESOURCES AND TRANSPORTATION GROUP LIMITED (the “ Company ”) pursuant to Rule 13.09 of the Rules Governing the Listing of Securities on The Stock Exchange of Hong Kong Limited and Part XIVA of the Securities and Futures Ordinance (Chapter 571, Laws of Hong Kong).

The Company previously issued on 10 February 2015 HK$160,000,000 9% convertible bonds due 2016 to VMS Private Investment Partners III Limited (the “ Bondholder ”), and such bonds (the “ Bonds ”) will fall due on 10 February 2016.

The Bondholder has agreed with the Company on 24 December 2015 to unconditionally and irrevocably waive their conversion rights as attached to the Bonds. After such waiver, the Bonds will become non-convertible debt securities. The existing shareholders of the Company will no longer be subject to any dilution effect upon conversion of any Bonds.

The Stock Exchange of Hong Kong Limited has granted its approval under Listing Rule 28.05 for the above alternations to the terms of the Bonds. Save for the changes above mentioned, the terms and conditions of the Bonds remain unchanged.

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

Hong Kong, 24 December 2015

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