Hong Kong Exchanges and Clearing : GLOBAL OFFERING

Unless otherwise defined herein, capitalised terms in this announcement shall have the same meanings as those defined in the prospectus dated Thursday, October 24, 2019 (the "Prospectus") issued by Changsha Broad Homes Industrial Group Co., Ltd. (the "Company").

Hong Kong Exchanges and Clearing Limited, the Hong Kong Stock Exchange and Hong Kong Securities Clearing Company Limited ("HKSCC") 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.

This announcement is for information purposes only and does not constitute an offer or an invitation to induce an offer by any person to acquire, purchase or subscribe for securities. Potential investors should read the Prospectus for detailed information about the Hong Kong Public Offering and the International Offering described below before deciding whether or not to invest in H Shares thereby offered.

This announcement is not for release, publication, distribution, directly or indirectly, in or into the United States (including its territories and possessions, any state of the United States and the District of Columbia). This announcement does not constitute or form a part of any offer to sell or solicitation to purchase or subscribe for securities in the United States or in any other jurisdictions. H Shares have not been, and will not be, registered under the United States Securities Act of 1933, as amended from time to time (the "U.S. Securities Act"), or any state securities laws of the United States.

The securities may not be offered, sold, pledged or transferred within the United States, except pursuant to an exemption from or in a transaction not subject to the registration requirements of the U.S. Securities Act. The Company has not intended and does not intend to make any public offer of securities in the United States.

In connection with the Global Offering, China International Capital Corporation Hong Kong Securities Limited, as stabilizing manager (the "Stabilizing Manager"), its affiliates or any person acting for them, on behalf of the Underwriters, may effect transactions with a view to stabilizing or supporting the market price of H Shares at a level higher than that which might otherwise prevail for a limited period after Listing Date. However, there is no obligation on the Stabilizing Manager, its affiliates or any person acting for it, to conduct any such stabilizing action, which, if commenced, will be done at the sole and absolute discretion of the Stabilizing Manager, its affiliates or any person acting for it, and may be discontinued at any time. Any such stabilizing activity is required to be brought to an end on the 30th day after the last day for the lodging of applications under the Hong Kong Public Offering. Such stabilization action, if commenced, may be effected in all jurisdictions where it is permissible to do so, in each case in compliance with all applicable laws, rules and regulatory requirements, including the Securities and Futures (Price Stabilizing) Rules, as amended, made under the Securities and Futures Ordinance (Cap 571 of the Laws of Hong Kong).

Potential investors should be aware that stabilizing action cannot be taken to support the price of H Shares for longer than the stabilization period which begins on the Listing Date and is expected to expire on Thursday, November 28, 2019, being the 30th day after the last day for the lodging of applications under the Hong Kong Public Offering. After this date, no further stabilizing action may be taken, demand for H Shares, and therefore the price of H Shares, could fall.

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Changsha Broad Homes Industrial Group Co., Ltd.

長沙遠大住宅工業集團股份有限公司

(A joint stock company incorporated in the People's Republic of China with limited liability)

GLOBAL OFFERING

Number of Offer Shares under the	:	121,868,000 H Shares (subject to the
Global Offering		Over-allotment Option)
Number of Hong Kong Offer Shares	:	12,187,200 H Shares (subject to adjustment)
Number of International Offer Shares	:	109,680,800 H Shares (subject to adjustment
		and the Over-allotment Option)
Maximum Offer Price	:	HK$12.48 per Offer Share, plus brokerage
		of 1.0%, SFC transaction levy of 0.0027%
		and Hong Kong Stock Exchange trading fee
		of 0.005% (payable in full on application in
		Hong Kong dollars and subject to refund)
Nominal value	:	RMB1.00 per H Share
Stock code	:	2163

Joint Sponsors

Joint Global Coordinators

Joint Bookrunners and Joint Lead Managers

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Application has been made by the Company to the Listing Committee of the Hong Kong Stock Exchange for the listing of, and permission to deal in H Shares to be issued pursuant to the Global Offering (including any additional H Shares which may be issued pursuant to the exercise of the Over-allotment Option). Dealings in H Shares on the Main Board are expected to commence at 9:00 a.m. on Wednesday, November 6, 2019.

The Global Offering comprises the Hong Kong Public Offering of 12,187,200 H Shares (subject to adjustment), and the International Offering of an aggregate of 109,680,800 H Shares (subject to adjustment and the Over-allotment Option), representing approximately 10% and 90% of the total number of the Offer Shares initially available under the Global Offering, respectively. The allocation of the Offer Shares between the Hong Kong Public Offering and the International Offering will be subject to reallocation as described in the section headed "Structure of the Global Offering" in the Prospectus. In accordance with Guidance Letter HKEX-GL91-18 issued by the Hong Kong Stock Exchange, if such reallocation is done in the circumstance that the International Offering are undersubscribed or other than pursuant to the clawback mechanism as described in the section headed "Structure of the Global Offering - The Hong Kong Public Offering - Reallocation", the total number of Offer Shares available under the Hong Kong Public Offering following such reallocation shall be not more than 24,374,400 Offer Shares (representing approximately 20% of the total number of Offer Shares initially available under the Global Offering, before any exercise of the Over-allotment Option), and the final Offer Price shall be fixed at the low-end of the indicative Offer Price range (i.e., HK$9.68 per Offer Share) stated in the Prospectus.

The Company is expected to grant to the International Underwriters, exercisable by the Joint Global Coordinators on behalf of the International Underwriters, the Over-allotment Option, which will be exercisable from the date of the International Underwriting Agreement until the 30th day after the last day for the lodging of applications under the Hong Kong Public Offering, to require the Company to issue and allot up to an aggregate of 18,280,200 additional H Shares, representing 15% of the initial Offer Shares, at the Offer Price under the International Offering to cover, among other things, over-allocations in the International Offering, if any. In the event the Over-allotment Option is exercised, an announcement will be made by the Company on the Company's website at www.bhome.com.cnand the website of the Hong Kong Stock Exchange at www.hkexnews.hk.

Subject to the granting of the approval for listing of, and permission to deal in, H Shares on the Hong Kong Stock Exchange and compliance with the stock admission requirements of HKSCC, H Shares will be accepted as eligible securities by HKSCC for deposit, clearance and settlement in CCASS with effect from the date of commencement of dealings in H Shares on the Hong Kong Stock Exchange or such other date as may be determined by HKSCC. Settlement of transactions between participants of the Hong Kong Stock Exchange is required to take place in CCASS on the second Business Day after any trading day. All activities under CCASS are subject to the General Rules of CCASS and CCASS Operational Procedures in effect from time to time. All necessary arrangements have been made to enable H Shares to be admitted into CCASS.

The Offer Price will not be more than HK$12.48 per Offer Share and is currently expected to be not less than HK$9.68 per Offer Share, unless otherwise announced. Applicants for the Hong Kong Offer Shares are required to pay, on application, the maximum Offer Price of HK$12.48 per Offer Share together with brokerage of 1.0%, SFC transaction levy of 0.0027% and Hong Kong Stock Exchange trading fee of 0.005%, subject to refund if the Offer Price as finally determined is less than HK$12.48 per Offer Share.

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Applications for the Hong Kong Offer Shares will only be considered on the basis of the terms and conditions set out in the Prospectus, the Application Forms and the designated website (www.eipo.com.hk) in relation to the White Form eIPO.

Applicants who would like to have the allotted Hong Kong Offer Shares registered in their own names should either (i) complete and sign the WHITE Application Forms, or (ii) submit applications online through the designated website of the White Form eIPO Service Provider at www.eipo.com.hkunder the White Form eIPO service. Applicants who would like to have the allotted Hong Kong Offer Shares registered in the name of HKSCC Nominees and deposited directly into CCASS for credit to their CCASS Investor Participant stock accounts or the stock accounts of their designated CCASS Participants maintained in CCASS should either (i) complete and sign the YELLOW Application Forms, or (ii) give electronic application instructions to HKSCC via CCASS.

Copies of the Prospectus, together with the WHITE Application Form, can be obtained during normal business hours from 9:00 a.m. on Thursday, October 24, 2019 until 12:00 noon on Tuesday, October 29, 2019 from:

1. any of the following offices of the Joint Global Coordinators:
   China International Capital Corporation Hong Kong Securities Limited 29/F, One International Finance Centre
   1 Harbour View Street Central
   Hong Kong
   China Securities (International) Corporate Finance Company Limited 18/F, Two Exchange Square
   8 Connaught Place Central
   Hong Kong

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1. any of the following branches of the following receiving banks:
   Bank of China (Hong Kong) Limited

District	Branch Name	Address
Hong Kong Island	Lee Chung Street Branch	29-31 Lee Chung Street,
		Chai Wan, Hong Kong
	409 Hennessy Road Branch	409-415 Hennessy Road,
		Wan Chai, Hong Kong
New Territories	City One Sha Tin Branch	Shop Nos. 24-25,
		G/F, Fortune City One Plus,
		No. 2 Ngan Shing Street, Sha Tin,
		New Territories
	Tseung Kwan O Plaza	Shop 112-125, Level 1,
	Branch	Tseung Kwan O Plaza,
		Tseung Kwan O, New Territories
	Texaco Road Branch	Shop A112, East Asia Gardens,
		36 Texaco Road,
		Tsuen Wan, New Territories
CMB Wing Lung Bank Limited

District	Branch Name	Address
Hong Kong Island	Head Office	45	Des Voeux Road Central
	Kennedy Town Branch	28	Catchick Street
	Aberdeen Branch	201	Aberdeen Main Road
	Central District Branch	189	Des Voeux Road Central
Kowloon	Mongkok Branch	B/F CMB Wing Lung Bank Centre,
		636	Nathan Road

Copies of the Prospectus, together with the YELLOW Application Form, can be obtained during normal business hours from 9:00 a.m. on Thursday, October 24, 2019 until 12:00 noon on Tuesday, October 29, 2019 from the Depository Counter of HKSCC at 1/F, One & Two Exchange Square, 8 Connaught Place, Central, Hong Kong or from your stockbroker, who may have such YELLOW Application Forms and the Prospectus available.

The WHITE or YELLOW Application Form completed in accordance with the instructions printed thereon, together with a cheque or banker's cashier order payable to "BANK OF CHINA (HONG

KONG) NOMINEES LIMITED - BROAD HOMES INDUSTRIAL GROUP PUBLIC OFFER" attached should be deposited in the special collection boxes provided at any of the branches of the receiving banks referred to above on such dates and during such time as specified in the Application Forms.

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Your WHITE or YELLOW Application Forms can be lodged at the following times on the following dates:

Thursday, October 24, 2019 - 9:00 a.m. to 5:00 p.m.

Friday, October 25, 2019 - 9:00 a.m. to 5:00 p.m.

Saturday, October 26, 2019 - 9:00 a.m. to 1:00 p.m.

Monday, October 28, 2019 - 9:00 a.m. to 5:00 p.m.

Tuesday, October 29, 2019 - 9:00 a.m. to 12:00 noon

Applicants applying by White Form eIPO may submit applications through the White Form eIPO service at www.eipo.com.hkfrom 9:00 a.m. on Thursday, October 24, 2019 until 11:30 a.m. on Tuesday, October 29, 2019 and the latest time for completing full payment of application monies in respect of such applications will be 12:00 noon on Tuesday, October 29, 2019 or such later time as described in the section "How to Apply for Hong Kong Offer Shares - 10. Effect of Bad Weather on the Opening of the Application Lists" in the Prospectus (24 hours daily, except on the last application day).

CCASS Clearing/Custodian Participants can input electronic application instructions at the following times on the following dates:(1)

Thursday, October 24, 2019 - 9:00 a.m. to 8:30 p.m.

Friday, October 25, 2019 - 8:00 a.m. to 8:30 p.m.

Monday, October 28, 2019 - 8:00 a.m. to 8:30 p.m.

Tuesday, October 29, 2019 - 8:00 a.m. to 12:00 noon

1. These times are subject to change as HKSCC may determine from time to time with prior notification to CCASS Clearing/ Custodian Participants and/or CCASS Investor Participants.

CCASS Investor Participants can input electronic application instructions from 9:00 a.m. on Thursday, October 24, 2019 until 12:00 noon on Tuesday, October 29, 2019 or such later time as described in the section "How to Apply for Hong Kong Offer Shares - 10. Effect of Bad Weather on the Opening of the Application Lists" in the Prospectus (24 hours daily, except on the last application day).

Please refer to the sections "Structure of the Global Offering" and "How to Apply for Hong Kong Offer Shares" in the Prospectus for details of the conditions and procedures of the Hong Kong Public Offering.

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The Company expects to publish the announcement on the Offer Price, the level of indications of interest in the International Offering, the level of applications in the Hong Kong Public Offering and the basis of allocation of the Hong Kong Offer Shares under the Hong Kong Public Offering

1. in the South China Morning Post (in English); (ii) in the Hong Kong Economic Times (in Chinese); (iii) on the website of the Hong Kong Stock Exchange at www.hkexnews.hk; and (iv) on the Company's website at www.bhome.com.cnon Tuesday, November 5, 2019. The results of allocations and the Hong Kong Identity Card/passport/Hong Kong Business Registration numbers of successful applicants under the Hong Kong Public Offering will be available through a variety of channels from Tuesday, November 5, 2019 as described in the section headed "How to Apply for Hong Kong Offer Shares - 11. Publication of Results" in the Prospectus.

The Company will not issue temporary documents of title. H Share certificates will only become valid certificate of title at 8:00 a.m. on Wednesday, November 6, 2019 provided that (1) the Global Offering has become unconditional in all respects and (2) the Underwriting Agreements have not been terminated in accordance with their respective terms. No receipt will be issued for application monies received. Dealings in H Shares on the Hong Kong Stock Exchange are expected to commence at 9:00 a.m. on Wednesday, November 6, 2019. H Shares will be traded in board lots of 300 H Shares each. The stock code of the Company is 2163.

On behalf of the Board of Directors

Changsha Broad Homes Industrial Group Co., Ltd.

Zhang Jian

Chairman

Changsha, October 24, 2019

As at the date of this announcement, the Board of Directors of the Company comprises Mr. Zhang Jian, Ms. Tang Fen, Ms. Shi Donghong, Mr. Zhang Kexiang and Mr. Tan Xinming as Executive Directors; Mr. Zhang Quanxun as non-Executive Director; and Mr. Chen Gongrong, Mr. Li Zhengnong and Mr. Wong Kai Yan Thomas as Independent non-Executive Directors.

Please also refer to the published version of this announcement in the South China Morning Post (in English) and the Hong Kong Economic Times (in Chinese).

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