Central Development Holdings Limited — Capital/Financing Update 2017

May 10, 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)

DISCLOSEABLE TRANSACTION COMPLETION OF THE ACQUISITION INVOLVING THE ISSUE OF CONSIDERATION SHARES UNDER GENERAL MANDATE

Reference is made to the announcement of China Resources and Transportation Group Limited (the “ Company ”) dated 16 March 2017 (the “ Announcement ”) in relation to the Acquisition. Unless otherwise specified, capitalized terms used in this announcement shall have the same meaning as those defined in the Announcement.

COMPLETION OF THE ACQUISITION

The Board is pleased to announce that the Acquisition was completed on 10 May 2017 as all the Conditions Precedent of the Sale and Purchase Agreement have been fulfilled. The Consideration Shares had been allotted and issued to the Vendor upon the Completion.

CHANGES IN SHAREHOLDING STRUCTURE OF THE COMPANY

The following table illustrates the Company’s shareholding structures immediately before Completion and after the allotment and issue of the Consideration Shares upon Completion:

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				Immediately after the allotment	Immediately after the allotment
Shareholders of the Company		Immediately before	Completion	and issue of the Consideration
				Shares upon Completion
	Note	Number of	Approximately	Number of	Approximately
		Shares	%	Shares	%
Substantial Shareholders
Mr. Cao Zhong	1	982,125,000	14.54	982,125,000	13.20
Mr. Fung Tsun Pong	2	958,345,610	14.19	958,345,610	12.88
Mr. Miao Zhenguo	3	717,500,000	10.63	717,500,000	9.64
Subtotal		2,657,970,610	39.36	2,657,970,610	35.72
The Vendor		-	-	690,000,000	9.27
Public Shareholders		4,094,425,360	60.64	4,094,425,360	55.01
Total		6,752,395,970	100.00	7,442,395,970	100.00

Notes:

1. Mr. Cao Zhong (“ Mr. Cao ”) is the chairman and an executive Director of the Company. Champion Rise International Limited, being a company wholly and beneficially owned by Mr. Cao, holds 948,325,000 Shares.

2. Mr. Fung Tsun Pong (“ Mr. Fung ”) is the vice-chairman and an executive Director of the Company. Ocean Gain Limited, being a company wholly and beneficially owned by Mr. Fung, holds 647,755,000 Shares.

3. Goldtex Group Limited, being a company wholly and beneficially owned by Mr. Miao Zhenguo, holds 24,500,000 Shares.

By order of the Board

China Resources and Transportation Group Limited

Cao Zhong

Chairman

Hong Kong, 10 May 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.

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