China Development Bank Intrntnl Invstmnt : VOLUNTARY ANNOUNCEMENT BUSINESS UPDATE - G7 INVESTMENT AGREEMENT

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CHINA DEVELOPMENT BANK INTERNATIONAL INVESTMENT LIMITED 國開國際投資有限公司

(Incorporated in the Cayman Islands with limited liability)

(Stock Code: 1062) VOLUNTARY ANNOUNCEMENT BUSINESS UPDATE - G7 INVESTMENT AGREEMENT G7 INVESTMENT AGREEMENT

The board of directors (the "Board") of China Development Bank International Investment Limited (the "Company", together with its subsidiaries, the "Group") is pleased to announce that a wholly-owned subsidiary of the Company has entered into a convertible preferred share subscription agreement (the "G7 Investment Agreement") with G7 Networks Limited ("G7") pursuant to which the Group, as one of the investors, agreed to subscribe for the newly issued preferred shares of G7 at a cash consideration of USD25,000,000. As at the date of this announcement, the subscription of the preferred shares of G7 by the Group has been completed.

The terms (including the consideration) of G7 Investment Agreement have been arrived after arm's length negotiations among the parties. The Board considers that the terms of G7 Investment Agreement are on normal commercial terms which are fair and reasonable, and the entering into of G7 Investment Agreement is in the interests of the Company and its shareholders as a whole.

INFORMATION ON G7

G7 is a leading logistics data service company in China with its business coverage spanning across China and its neighboring countries in Asia. G7 is connected to over 300,000 cargo vehicles from more than 30,000 customers. By installing smart devices on vehicles in the fleet, G7 utilizes real-time sensing technology to provide data services that span the entire logistic process, to connect the data of every single vehicle, consignor, fleet owner and driver, and thus to improve the efficiency of transport service. Based on big data of the connected vehicles, G7 cooperates with premium partners from oil distribution, toll roads and bridges, insurance, banking and financial leasing industries to establish a one-stop service platform that integrates primary consumption of fleets. The platform enables safer, more economical, more efficient and more environmentally-friendly logistic services. G7 is an independent third party of the Company.

REASONS FOR AND BENEFITS OF THE INVESTMENT

Logistics industry is a fundamental and strategic industry that supports the national economic development. It is also a key industry that China Development Bank Corporation ("CDB") supports. The Company has been committed to identifying and exploring suitable investment opportunities in the logistics industry and has established investment footprints in sectors including logistics infrastructure, supply chain services, et cetera. Through the transaction, the Company has successfully expanded its investment footprints to the enterprises that improve the efficiency of logistics infrastructure. The transaction is expected not only to generate investment returns for shareholders of the Company, but also to further promote the Company's leading market strength in modern service industries including logistics, consumption and financial services.

The Company will proactively leverage the CDB's resources in logistics infrastructure and microfinance, fully utilize the Company's existing portfolio in logistics industry, and apply the Company's affluent knowledge and experience in finance, management and logistic industry to assist G7 in improving operational efficiency, exploring business opportunities, optimizing the decision-making processes and incentive mechanisms, and enhancing the corporate governance framework.

Upon the completion of the transaction, Mr ZHANG Jielong, executive Director and Deputy Chief Executive Officer of the Company, has been appointed as a director of G7. Mr ZHANG Jielong will steer the development of G7 by applying his own professional experience, and leveraging the resources of the CDB and the Company.

This announcement is made by the Company on a voluntary basis.

By order of the Board

China Development Bank International Investment Limited BAI Zhe

Chairman

Hong Kong, 15 March 2017

As at the date of this announcement, the Board is comprised of Mr BAI Zhe, Mr YUAN Chun and Mr ZHANG Jielong as executive Directors; and Mr WANG Xiangfei, Mr SIN Yui Man and Mr FAN Ren Da, Anthony as independent non-executive Directors.