Central Development Holdings Limited — Earnings Release 2022

Jul 28, 2022

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)

PROFIT WARNING

This announcement is made by the Company pursuant to Rule 13.09 of the Listing Rules and the Inside Information Provisions under Part XIVA of the Securities and Futures Ordinance (Chapter 571, Laws of Hong Kong).

The Board wishes to inform the Shareholders and potential investors of the Company that the net loss of the Group for the year ended 31 March 2022 is expected to increase by more than 100% as compared to the net loss recorded for the year ended 31 March 2021.

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

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 (the “ Listing Rules ”) on The Stock Exchange of Hong Kong Limited (the “ Stock Exchange ”) and the Inside Information Provisions (as defined in the Listing Rules) under Part XIVA of the Securities and Futures Ordinance (Chapter 571, Laws of Hong Kong).

The board of directors (the “ Board ”) of the Company wishes to inform the shareholders (the “ Shareholders ”) and potential investors of the Company that, based on the preliminary review of the draft unaudited consolidated management accounts of the Company and its subsidiaries (collectively, the “ Group ”) for the year ended 31 March 2022 by the Board, the net loss of the Group for the year ended 31 March 2022 is expected to increase by more than 100% as compared to the net loss recorded for the year ended 31 March 2021, which is mainly attributable to the significant increase of impairment loss on concession intangible asset and related property, plant and equipment under the expressway operations of the Group, as compared to no impairment loss on concession intangible asset and related property, plant and equipment under the expressway operations was recognized for the year ended 31 March 2021.

The Board would like to remind the Shareholders and potential investors that the information contained in this announcement is only based on a preliminary review of the draft unaudited consolidated management accounts of the Group for the year ended 31 March 2022, which have not been reviewed or audited by the auditor or the audit committee of the Company, and are subject to adjustments following further internal review. Detailed financial results of the Group for the year ended 31 March 2022 will be disclosed in the annual results announcement which is expected to be published by the end of July 2022.

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

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

Hong Kong, 28 July 2022

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