Country Garden : PAYMENT OF DIVIDEND IN HONG KONG DOLLARS

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COUNTRY GARDEN HOLDINGS COMPANY LIMITED

碧 桂 園 控 股 有 限 公 司

( I nc or por at e d i n t he Cay m a n I s l ands wi t h l i m i t e d l i abi l i t y )

( St o c k C ode : 200 7)

PAYMENT OF DIVIDEND IN HONG KONG DOLLARS

On 22 August 2019, the board of directors (the "Board") of Country Garden Holdings Company Limited (the "Company") announced the unaudited consolidated results of the Company and its subsidiaries for the six months ended 30 June 2019 and declared the payment of an interim dividend of RMB 22.87 cents per share of the Company (the "Share(s)") for the six months ended 30 June 2019 (the "Interim Dividend") to shareholders whose names appear on the register of members of the Company at close of business on Wednesday, 18 September 2019, with the eligible shareholders, other than certain shareholders whose addresses as shown are outside Hong Kong (the "Eligible Shareholders"), being given an option to elect to receive such Interim Dividend all in new Shares or partly in new Shares and partly in cash or all in cash (the "Scrip Dividend Scheme").

The Interim Dividend is declared in RMB and shall be distributed in Hong Kong dollars. The relevant exchange rate will be the average central parity rate of RMB to Hong Kong dollars as announced by the People's Bank of China for the period from Friday, 6 September 2019 to Thursday, 12 September 2019 (RMB 1 = HK$1.10645). Accordingly, the Board announces that the amount of the Interim Dividend payable in Hong Kong dollars will be HK25.30 cents per Share. The Interim Dividend per Share converted into Hong Kong dollars (i.e. HK25.30 cents) will also be used for the purpose of calculating the number of scrip Shares denominated in Hong Kong dollars.

The Scrip Dividend Scheme is subject to The Stock Exchange of Hong Kong Limited granting the listing of and permission to deal in the new Shares to be allotted and issued pursuant thereto. A circular giving full details of the Scrip Dividend Scheme together with the relevant form of election (where applicable) will be sent to the shareholders of the Company on or around Friday, 18 October 2019. It is expected that the Interim Dividend warrants and/or certificates for the new Shares (in case the Eligible Shareholders have elected to receive part or all their Interim Dividend in the form of new Shares) will be dispatched to the respective Eligible Shareholders on Friday, 22 November 2019.

By order of the Board

Country Garden Holdings Company Limited

MO Bin

President and Executive Director

Foshan, Guangdong Province, the PRC, 12 September 2019

As of the date of this announcement, the executive directors of the Company are Mr. YEUNG Kwok Keung (Chairman), Ms. YANG Huiyan (Co-Chairman), Mr. MO Bin (President), Ms. YANG Ziying, Mr. YANG Zhicheng, Mr. SONG Jun, Mr. LIANG Guokun and Mr. SU Baiyuan. The non-executive director of the Company is Mr. CHEN Chong. The independent non-executive directors of the Company are Mr. LAI Ming, Joseph, Mr. SHEK Lai Him, Abraham, Mr. TONG Wui Tung, Mr. HUANG Hongyan and Mr. TO Yau Kwok.