Beijing Properties : Announcements and Notices - Amendments to the Framework Agreement in Respect of the P ...

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(Incorporated in Bermuda with limited liability)

(Stock Code: 925)

AMENDMENTS TO THE FRAMEWORK AGREEMENT

IN RESPECT OF THE PROPOSED TRANSACTIONS

Reference is made to the announcement of Beijing Properties (Holdings) Limited (the ''Company'') dated 3 August 2018 (the "Announcement'') in relation to, among other things, the Proposed Transactions, the announcement of the Company dated 1

November 2018 in relation to the extension of the exclusivity period under the Framework Agreement and the announcement of the Company dated 1 February 2019 in relation to the amendments to the Framework Agreement. Unless otherwise defined, capitalised terms used herein shall bear the same meaning as defined in the Announcement.

The Board wishes to inform the shareholders of the Company that negotiation with respect to the Proposed Transactions is still ongoing but as the exclusivity period stated under the supplemental agreement dated 1 February 2019 to the Framework Agreement (the "2nd Supplemental Agreement") is about to expire and more time is required to negotiate, prepare and finalise the definitive agreements in relation to the Proposed Transactions, the parties entered into a third supplemental agreement on 3 May 2019 (the "3rd Supplemental Agreement") to extend the expiry date of the exclusivity period to 11 July 2019.

The parties to the 3rd Supplemental Agreement further agreed that CLI shall return the remaining Deposit, being RMB100 million, together with interest accrued (if any) to GLP Shanghai within ten business days after execution of the 3rd Supplemental Agreement.

Save for the aforesaid amendments, the Framework Agreement, the supplemental agreement dated 1 November 2018 to the Framework Agreement and the 2nd Supplemental Agreement shall in all respects remain and continue in full force and effect.

The Company will make further announcement(s) in respect of the Proposed Transactions as and when required under the Listing Rules.

It should be noted that the Proposed Transactions are subject to, among other things, due diligence and the execution of the Transaction Documents, and neither the Company, CLI nor any of its subsidiaries has entered into any definitive agreement or agreed with GLP Shanghai on any terms relating to the Proposed Transactions. The Proposed Transactions may or may not proceed. Accordingly, shareholders and potential investors of the Company should exercise caution when dealing in the securities of the Company.

By Order of the Board

Beijing Properties (Holdings) Limited

Cheng Ching Fu

Company Secretary

Hong Kong, 3 May 2019

As at the date of this announcement, Mr. Qian Xu, Mr. Li Shuping, Mr. Zhao Jiansuo, Mr. Siu Kin Wai, Mr. Dong Qilin, Mr. Li Changfeng, Mr. Cheng Ching Fu, Mr. Yu Luning, Mr. Ang Renyi and Mr. Ng Kin Nam are the executive Directors; and Mr. Goh Gen Cheung, Mr. Zhu Wuxiang, Mr. James Chan, Mr. Song Lishui and Mr. Xie Ming are the independent non-executive Directors.