Beijing Properties : INSIDE INFORMATION POTENTIAL DISPOSAL OF 100% EQUITY INTEREST IN EACH OF THE PROJECT COMPANIES 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)

INSIDE INFORMATION

POTENTIAL DISPOSAL OF 100% EQUITY INTEREST IN

EACH OF THE PROJECT COMPANIES THROUGH PUBLIC TENDER

The Board is pleased to announce that the Company intends to dispose of the Project Companies through the Public Tender to be conducted on the CBEX. The Pre-Listing Disclosure is made on the website of the CBEX at http://www.cbex.com.cn on 4 September 2019 in compliance with the relevant regulatory requirements in the PRC.

This announcement is made by the Company pursuant to Rule 13.09 of the Listing Rules and the Inside Information Provisions under Part XIVA of the SFO.

THE POTENTIAL DISPOSAL THROUGH PUBLIC TENDER

The Board is pleased to announce that the Company intends to, through:

1. Advance Wit, a direct wholly-owned subsidiary of China Logistics, dispose of its 100% indirect equity interest in Beijing Properties (Shanghai);
2. Superior Gain, a direct wholly-owned subsidiary of China Logistics, dispose of its 100% indirect equity interest in Tianjin Tong Da; and
3. Hong Heng, a direct wholly-owned subsidiary of China Logistics, and Integral Success, a direct wholly-owned subsidiary of the Company, dispose of an aggregate 100% indirect equity interest in Transwealth Logistics,

though a Public Tender to be conducted on the CBEX.

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A preliminary disclosure of information relating to the Potential Disposal is made to the public on the CBEX on the date of this announcement (the "Pre-ListingDisclosure").

In order to commence the formal process of the Public Tender, the Company will have to submit to the CBEX the tender notice setting out, inter alia, (i) the minimum consideration for the Potential Disposal; (ii) the principal terms of the bidding; and (iii) descriptions and qualifications of potential bidders. The Company will submit the tender notice to the CBEX as soon as practicable.

The base price for the transfer of the 100% equity interest in each of the Project Companies through the Public Tender will be determined based on the asset appraisal on each of the Project Companies to be conducted by a qualified appraisal institution and subject to the approvals from the relevant regulatory authorities of State-owned assets in the PRC.

REASONS FOR THE POTENTIAL DISPOSAL

The Group is principally engaged in investment, development and operation of (i) high-end and modern general warehouses; (ii) cold chain logistics warehouses; (iii) specialised wholesale market for the trading and distribution of local agricultural products; (iv) modernized industrial plants; and (v) investments in commercial properties and primary land development.

The Company considers that the Potential Disposal is expected to generate a significant cash inflow, thus enhancing the Group's ability to acquire additional land parcels for continuing development of the principal business of the Group.

INFORMATION ON THE PROJECT COMPANIES

Beijing Properties (Shanghai)

Beijing Properties (Shanghai), a company established in the PRC with limited liability which is principally engaged in the operation of a warehouse located in Shanghai, PRC. As at the date of this announcement, the entire equity interest in Beijing Properties (Shanghai) is held by Phoenix Real Estate Fund Wai Gao Qiao Holdings Limited (凡宜和外高橋控股有限公司), a company incorporated in Hong Kong with limited liability and a direct wholly-owned subsidiary of Advance Wit.

Tianjin Tong Da

Tianjin Tong Da, a company established in the PRC with limited liability which is principally engaged in the operation of a warehouse located in Tianjin, PRC. As at the date of this announcement, the entire equity interest in Tianjin Tong Da is held by Tianjin Tong Da You Zhi Logistics Investments Limited (天津通達優智物流投資有限公司), a company incorporated in Hong Kong with limited liability and a direct wholly-owned subsidiary of Superior Gain.

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Transwealth Logistics

Transwealth Logistics, a company established in the PRC with limited liability which is principally engaged in the operation of a warehouse located in Tianjin, PRC. As at the date of this announcement, the entire equity interest in Transwealth Logistics is held by Hong Kong High Church Group Limited (香港海誠集團有限公司), a company incorporated in Hong Kong with limited liability owned as to 70% and 30% by Hong Heng and Integral Success, respectively.

GENERAL

The Potential Disposal, if materialised, may constitute a notifiable transaction of the Company.

As the Potential Disposal is only at the Pre-Listing Disclosure stage, the Potential Disposal may or may not proceed and accordingly, Shareholders and potential investors of the Company are advised to exercise caution when dealing in the securities of the Company. The Company will make further announcement(s) in compliance with the Listing Rules and/or Part XIVA of the SFO as and when appropriate or required.

DEFINITIONS

In this announcement, unless otherwise indicated in the context, the following terms shall have the meanings as set out below:

"Advance Wit"	Advance Wit Limited (晉穎有限公司), a company incorporated in
	the BVI and a direct wholly-owned subsidiary of China Logistics
"Beijing Properties	Beijing Properties (Shanghai) Warehousing Co., Ltd. (北建(上海)

• (Shanghai)"倉儲有限公司), a company established in the PRC with limited liability

"Board"	the board of Directors
"BVI"	British Virgin Islands
"CBEX"	China Beijing Equity Exchange
"China Logistics"	China Logistics Infrastructures (Holdings) Limited, a company
	incorporated in the BVI with limited liability and a 65%-owned
	subsidiary of the Company as at the date of this announcement
"Company"	Beijing Properties (Holdings) Limited, a company incorporated in
	Bermuda with limited liability, the issued shares of which are listed
	on the Main Board of the Stock Exchange (stock code: 925)
"Director(s)"	director(s) of the Company
"Group"	the Company and its subsidiaries
"Hong Heng"	Hong Heng Limited (鴻亨有限公司), a company incorporated in
	the BVI and a direct wholly-owned subsidiary of China Logistics
"Hong Kong"	the Hong Kong Special Administrative Region of the PRC

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"Integral Success"	Integral Success Investments Limited (合凱投資有限公司), a
	company incorporated in the BVI and a direct wholly-owned
	subsidiary of the Company
"Listing Rules"	the Rules Governing the Listing of Securities on the Stock Exchange
"Potential Disposal"	the proposed disposal of the Project Companies
"PRC"	People's Republic of China
"Project Companies"	collectively, Beijing Properties (Shanghai), Tianjin Tong Da and
	Tranwealth Logistics, each a "Project Company"
"Public Tender"	the public tender for the Potential Disposal through CBEX
"SFO"	Securities and Futures Ordinance (Chapter 571 of the Laws of Hong
	Kong)
"Shareholders"	holders of the share(s) of HK$0.10 each in the share capital of the
	Company
"Stock Exchange"	The Stock Exchange of Hong Kong Limited
"Superior Gain"	Superior Gain Global Limited (卓得環球有限公司), a company
	incorporated in the BVI and a direct wholly-owned subsidiary of
	China Logistics
"Tianjin Tong Da"	Tianjin Tong Da You Zhi Logistics Co., Ltd. (天津通達優智物流
	有限公司), a company established in the PRC with limited liability
"Transwealth Logistics"	Transwealth Logistics (Tianjin) Co., Ltd. (天域萬隆物流(天津)有
	限公司), a company established in the PRC with limited liability
"%"	per cent

By Order of the Board

Beijing Properties (Holdings) Limited

Cheng Ching Fu

Company Secretary

Hong Kong, 4 September 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.

* For identification purpose only

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