General Announcement::PARTIAL REPURCHASE OF 7.9% SENIOR NOTES DUE 2023

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.

(Stock Code: 0832)

VOLUNTARY ANNOUNCEMENT

PARTIAL REPURCHASE OF 7.9% SENIOR NOTES DUE 2023

This is a voluntary announcement made by Central China Real Estate Limited (the "Company", together with its subsidiaries, the "Group").

Reference is made to the announcements of the Company dated 1 November 2019 and 12 November 2019 in relation to the 7.9% senior notes due November 2023 (ISIN: XS2076398184) (the "2023 Notes") issued by the Company (collectively, the "Announcements"). Unless otherwise defined, capitalised terms used herein shall have the same meanings as defined in the Announcements.

On 9 September 2021, the Company has in the open market repurchased part of the 2023 Notes in an aggregate principal amount of US$2,700,000, representing approximately 1.35% of the initial aggregate principal amount of the 2023 Notes. The repurchased notes may or may not be cancelled subject to the Board's discretion.

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The Company will continue to monitor the market conditions and its financial structure and may further repurchase its senior notes as and when appropriate.

Noteholders and potential investors should note that any purchase of the senior notes from time to time by the Company will be at the Board's sole and absolute discretion. There is no assurance of the timing, amount or price of any purchase of the senior notes or whether the Company will make any further purchase at all. Noteholders and potential investors should therefore exercise caution when dealing in any senior notes of the Company.

By order of the Board

Central China Real Estate Limited

Wu Po Sum

Chairman

Hong Kong, 9 September 2021

As at the date of this announcement, the Board comprises nine Directors, of which Mr. Wu Po Sum, Mr. Wang Jun and Mr. Yuan Xujun are executive Directors, Mr. Lim Ming Yan, Ms. Wu Wallis (alias Li Hua) and Ms. Chen Ying are non-executive Directors, Mr. Cheung Shek Lun, Mr. Xin Luo Lin and Dr. Sun Yuyang are independent non-executive Directors.

• For identification purposes only

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