China South City : Unaudited Operating Figures for the First Half ended 30 September 2019

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(incorporated in Hong Kong with limited liability)

(Stock code: 1668)

Unaudited Operating Figures for the

First Half ended 30 September 2019

The board of directors (the "Board") of China South City Holdings Limited (the "Company") announces that the Company and its subsidiaries (the "Group") recorded the contracted sales of approximately HK$7,733 million for the first half of FY2019/20 ended 30 September 2019 (from 1 April to 30 September 2019), with gross floor area of approximately 874,800 sq. m. at an average selling price of approximately HK$8,800/sq. m.. As compared to the contracted sales of the same period of last fiscal year, it represented a year-on-year increase of 13.7% (FY 2018/19 first half year: HK$6,803 million). The contracted sales of the second quarter of FY 2019/20 (from 1 July to 30 September 2019) was approximately HK$4,139 million which represented an increase of 15.2% when compared to that of the last quarter (from 1 April to 30 June 2019: HK$3,594 million).

The above-mentioned sales data is unaudited and is based on preliminary internal information of the Group, which may differ from figures to be disclosed in the audited or unaudited consolidated financial statements to be published by the Company on an annual or half-yearly basis due to various uncertainties during the process of collating such sales information. They shall not be taken as a measure or indication of the Group's current or future operating or financial performance. As such, the above data is provided for investors' reference only. Investors are advised to exercise caution and not to place undue reliance on such information when dealing in the securities of the Company. Any investor who is in doubt is advised to seek advice from professional or financial advisers.

For and on behalf of the Board

China South City Holdings Limited

CHENG Chung Hing

Chairman & Executive Director

Hong Kong, 15 October 2019

As at the date of this announcement, the Executive Directors of the Company are Mr. Cheng Chung Hing, Mr. Fung Sing Hong Stephen, Mr. Zhao Lidong and Ms. Cheng Ka Man Carman; the Non-Executive Directors of the Company are Dr. Ma Kai Cheung, SBS, BBS, Mr. Cheng Tai Po and Mr. Lin Ching Hua; and the independent Non-Executive Directors of the Company are Mr. Leung Kwan Yuen Andrew, GBS, SBS, JP, Mr. Li Wai Keung, Mr. Hui Chiu Chung, JP and Mr. Yung Wing Ki Samuel, SBS, MH, JP.