China Communications Construction : INSIDE INFORMATION - UPDATE ON PROPOSED TRANSFER OF SHARES IN CCCC DREDGING BY WAY OF PUBLIC TENDER

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.

中 國 交 通 建 設 股 份 有 限 公 司

CHINA COMMUNICATIONS CONSTRUCTION COMPANY LIMITED

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

(Stock Code: 1800)

INSIDE INFORMATION

UPDATE ON PROPOSED TRANSFER OF SHARES IN CCCC DREDGING

BY WAY OF PUBLIC TENDER

This announcement is made by China Communications Construction Company Limited (the "Company") pursuant to Part XIVA of the Securities and Futures Ordinance (Chapter 571 of the Laws of Hong Kong) and Rule 13.09 of the Rules Governing the Listing of Securities on The Stock Exchange of Hong Kong Limited (the "Hong Kong Listing Rules").

References are made to the announcements of the Company dated 18 June 2019, 5 August 2019 and 11 September 2019 and the circular of the Company dated 10 July 2019, in relation to the transfer of 3,495,604,287 shares in CCCC Dredging (Group) Co., Ltd. ("CCCC Dredging") by the Company to China Communications Construction Group (Limited) ("CCCG") and the subscription of 2,024,291,498 shares in CCCC Dredging by CCCG, representing an aggregate of approximately 46.88% of the existing issued share capital and approximately 40.00% of the enlarged issued share capital of CCCC Dredging (the "Transactions"). The Transactions were considered and approved at the extraordinary general meeting convened by the Company on 5 August 2019. As at the date of this announcement, the Transactions have not been completed yet. Meanwhile, the Company proposed to transfer 4,580,082,373 shares in CCCC Dredging by way of public tender on China Beijing Equity Exchange, representing approximately 38.8952% of the existing issued share capital of CCCC Dredging and 33.1896% of the enlarged issued share capital of CCCC Dredging. The floor purchase price is RMB2.47 per share. The public tender commenced on 12 September 2019 and would end on 15 October 2019. Upon expiry of the public tender, if no intended transferee satisfying the conditions is identified, the public tender shall be consecutively extended for a period of five business days without changing the contents of the information disclosure, until an intended transferee is identified.

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As there was no intended transferee satisfying the conditions as at the time of the disclosure of this announcement, the Company will apply to the China Beijing Equity Exchange to extend the tender period in accordance with the above rules in the event that the above-mentioned public tender expires and there is no intended transferee, until an intended transferee is identified and an announcement is made then. For more details, please refer to the website of China Beijing Equity Exchange (http://www.cbex.com.cn).

The Company will perform its obligation of further disclosure (if required) in due course based on the progress of the transaction and in accordance with the laws and regulations and listing rules of the places where the shares of the Company are listed.

As at the date of this announcement, no binding agreement in respect of the potential transfer has been entered into by the Company. As the potential transfer is still in the stage of public tender, the potential transfer may or may not proceed. Accordingly, shareholders and potential investors of the Company are advised to exercise caution when dealing in the securities of the Company.

By Order of the Board

China Communications Construction Company Limited

ZHOU Changjiang

Company Secretary

Beijing, the PRC

15 October 2019

As at the date of this announcement, the directors of the Company are LIU Qitao, SONG Hailiang, LIU Maoxun, QI Xiaofei, HUANG Long#, ZHENG Changhong# and NGAI Wai Fung#.

• Independent non-executive director

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