Central Development Holdings Limited — Capital/Financing Update 2017

Mar 31, 2017

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)

UPDATE ON DEBT RESTRUCTURING

Reference is made to the announcements of China Resources and Transportation Group Limited (the “ Company ”, together with its subsidiaries, the “ Group ”) dated 3 February 2017, 7 February 2017, 22 February 2017 and 14 March 2017 (the “ Announcements ”) in relation to, among others, the Statutory Demand received by the Company. Unless the context otherwise requires, capitalised terms in this announcement shall have the same meanings as those defined in the Announcements.

The Board is pleased to announce that on 31 March 2017, the Company, Jinjing, Shenzhenshi Qianhai Zitong Energy Company Limited* (深圳市前海資通能源有限公司), a wholly owned subsidiary of the Company, and the Bank entered into a settlement agreement in relation to the restructuring and settlement of the Outstanding Amounts and the subsequent arrangement thereunder.

Upon entering into the settlement agreement, the Bank will not apply to the court for a winding up petition of the Company.

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

By order of the Board

China Resources and Transportation Group Limited

Cao Zhong Chairman

Hong Kong, 31 March 2017

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

* For identification purpose only

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