Central Development Holdings Limited — Director's Dealing 2021

Dec 3, 2021

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)

GRANT OF SHARE OPTIONS TO DIRECTORS

This announcement is made pursuant to Rule 17.06A of the Rules Governing the Listing of Securities (the “ Listing Rules ”) on The Stock Exchange of Hong Kong Limited (the “ Stock Exchange ”). The board of directors (the “ Board ”) of China Resources and Transportation Group Limited (the “ Company ”) hereby announces that the Company offered to grant share options (the “ Share Option(s) ”) to certain directors of the Company (the “ Directors ”) under the share option scheme adopted by the Company on 28 August 2014 with details as follows:

Details of the Share Options granted are set out below:

Date of Grant: 3 December, 2021 (the “ Date of Grant ”) Number and type of A total of 108,212,950 Share Options were granted to Share Options granted: the executive Directors set out below.

Each Share Option shall entitle the Share Option holder to subscribe for one ordinary share of HK$0.20 each (the “ Share ”) of the Company. These Share Options will result in the subscriptions of up to 108,212,950 Shares, representing approximately 1.21% of the total issued Shares as at the date of grant.

Exercise price of the Share Options:

HK$0.20 per Share, representing the highest of:

• (a) the closing price of HK$0.016 per Share as stated in the Stock Exchange’s daily quotation sheets on the Date of Grant;

• (b) the average closing price of HK0.014 per Share as stated in the Stock Exchange’s daily quotation sheets for the five business days immediately preceding the Date of Grant; and

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(c) the nominal value of HK$0.20 per Share. Validity period of the Share Subject to the vesting dates, the Share Options will be Options: valid for 30 days from the Date of Grant. Grantees who are executive Name of Executive Number of options Directors Directors granted and approximate % to the total issued share capital of the Company as at the Date of Grant Fung Tsun Pong 59,657,535 (0.66%) Gao Zhiping 23,634,865 (0.26%) Jiang Tao 24,920,550 (0.27%)

The grant of the Share Options to the above executive Directors was approved by all the independent non-executive Directors.

As at the Date of Grant, the above Directors have indicated that they will fully exercise the share options as soon as practicable and all the subscription monies will be set off against an equivalent amount of outstanding director’s fee owed by the Company to them.

By order of the Board China Resources and Transportation Group Limited Fung Tsun Pong Chairman

Hong Kong, 3 December 2021

As at the date of this announcement, the board of directors comprises four executive directors, namely Messrs Fung Tsun Pong, Gao Zhiping, Jiang Tao and Duan Jingquan; and four independent non-executive directors, namely Messrs Jing Baoli, Bao Liang Ming, Xue Baozhong and Ms. Chan Chu Hoi.

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