Central Development Holdings Limited — Capital/Financing Update 2016

Dec 30, 2016

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)

HOLDING ANNOUNCEMENT

Reference is made to the announcement of China Resources and Transportation Group Limited (the “ Company ”) dated 29 December 2016 in relation to, among others, trading halt in the shares of the Company and a proposed disposal (the “ Proposed Disposal ”) of the Company.

The Company makes this holding announcement to inform its shareholders of the current status of the Proposed Disposal. On 30 December 2016, a wholly-owned subsidiary of the Company further entered into several agreements with purchasers in relation to the Proposed Disposal.

The Company is in the process of preparing the announcement in relation to the Proposed Disposal and the directors of the Company consider that additional time is required for such purpose. An announcement setting out, among others, details of the Proposed Disposal will be published as and when appropriate.

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Suspension of trading in the shares of the Company will continue until the publication of the announcement in relation to the Proposed Disposal.

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

Chairman

Hong Kong, 30 December 2016

As at the date of this announcement, the board of directors of the Company comprises six executive Directors, namely Mr. Cao Zhong, Mr. Fung Tsun Pong, Mr. Duan Jingquan, Mr. Tsang Kam Ching, David, Mr. Gao Zhiping and Mr. Jiang Tao; a non-executive Director namely Mr. Suo Suo Stephen; and four independent non-executive Directors, namely Mr. Yip Tak On, Mr. Jing Baoli, Mr. Bao Liang Ming and Mr. Xue Baozhong.

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