Beijing Properties : FURTHER DELAY IN DESPATCH OF CIRCULAR IN RELATION TO PROPOSED MANDATE RELATING TO THE POTENTIAL VERY SUBSTANTIAL DISPOSAL THROUGH 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.

(Incorporated in Bermuda with limited liability)

(Stock Code: 925)

FURTHER DELAY IN DESPATCH OF CIRCULAR

IN RELATION TO

PROPOSED MANDATE RELATING TO

THE POTENTIAL VERY SUBSTANTIAL DISPOSAL

THROUGH PUBLIC TENDER

Reference is made to the announcement of the Company dated 29 October 2019 in relation to Proposed Mandate relating to the potential very substantial disposal through Public Tender (the "Announcement") and the announcements of the Company dated 18 November 2019, 18 December 2019, 6 February 2020, 30 March 2020 and 28 May 2020 in relation to the delay in despatch of the Circular (the "Delay Announcements"). Capitalised terms used herein shall have the same meanings as those defined in the Announcement and the Delay Announcements unless defined otherwise herein.

As stated in the Delay Announcement of 28 May 2020, the Circular was expected to be despatched to the Shareholders on or before 28 August 2020 (Friday). The Group has been exploring (i) alternative ways to dispose of the Target Group other than by way of public tender; and (ii) the feasibility of disposing of other projects of the Group in addition to the Target Group through public tender; hence, additional time is required for the Company to prepare and finalise certain information for inclusion in the Circular. It is expected that the despatch date of the Circular will be postponed to a date falling on or before 30 October 2020 (Friday).

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If the Group decides to dispose of the Target Group other than by way of public tender or dispose of more assets through public tender, the Company will make further announcement(s) as and when appropriate.

Shareholders and potential investors are advised to exercise caution when dealing in the shares of the Company.

By Order of the Board

Beijing Properties (Holdings) Limited

Cheng Ching Fu

Company Secretary

Hong Kong, 27 August 2020

As at the date of this announcement, Mr. Qian Xu, Mr. Zhao Jiansuo, Mr. Siu Kin Wai, Mr. Zhang Xudong, Mr. Dong Qilin, Mr. Li Changfeng, Mr. Cheng Ching Fu, Mr. Yu Luning 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.

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