Central Development Holdings Limited — Capital/Financing Update 2018

Oct 29, 2018

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)

MONTHLY UPDATE ANNOUNCEMENT

References are made to the announcements of China Resources and Transportation Group Limited (the “ Company ”) dated 1 August 2017, 22 August 2017, 22 September 2017, 20 October 2017, 20 November 2017, 20 December 2017, 22 January 2018, 23 February 2018, 23 March 2018, 23 April 2018, 24 May 2018, 27 June 2018, 4 July 2018, 3 August 2018, 3 September 2018 and 27 September 2018 in relation to, among other things, the Acquisition, the Subscription, the Placing, the Whitewash Waiver, the Special Deal and the delay in despatch of the Circular (together, the “ Announcements ”). Unless otherwise defined, capitalised terms used herein shall have the same meanings as those defined in the Announcements.

As disclosed in the Company’s announcement dated 27 September 2018, the parties to the Sale and Purchase Agreement and the Subscription Agreement intend to terminate the respective agreement. Up to the date of this announcement, the Company has conducted several rounds of discussions with the Vendors and the Subscribers to come up with possible termination arrangements which are in the best interest of the Company and its Shareholders as a whole. Several arrangements have been proposed by the Company, and the termination agreements are expected to be entered into upon consensus being reached with the Vendors and the Subscribers. As at the date of this announcement, no formal termination agreement has yet been entered into, and due to the number of parties involved, it is expected that more time is needed for all parties to negotiate and agree on the allocation of professional fees and expenses incurred in connection with the Acquisition and the Subscription.

The Company will update the Shareholders and potential investors of the Company by publishing further announcement(s) in due course.

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It should be noted that upon termination of the Sale and Purchase Agreement and the Subscription Agreement, each of the Acquisition, the Subscription and the Placing will not take place. The Whitewash Waiver and the Executive’s consent to the Special Deal will no longer be required. The Shareholders and potential investors of the Company should exercise caution when they deal or contemplate dealing in the shares of the Company.

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

Hong Kong, 29 October 2018

As at the date of this announcement, the Board 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.

The Directors jointly and severally accept full responsibility for accuracy of the information contained in this announcement and confirm, having made all reasonable enquiries, that to the best of their knowledge, opinions expressed in this announcement have been arrived at after due and careful consideration and there are no other facts not contained in this announcement, the omission of which would make any statement in this announcement misleading.

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