Beijing Properties : NOTICE OF LISTING ON THE STOCK EXCHANGE OF HONG KONG LIMITED - BPHL CAPITAL MANAGEMENT LIMITED - U.S.$150,000,000 5.95 per cent. guaranteed bonds due 2023 (to be consolidated and form a single series with the U.S.$600,000,000 5.95 per cent. guaranteed bonds due 2023)

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.

This announcement is for information purposes only and does not constitute an invitation or offer to acquire, purchase or subscribe for securities. The Bonds will not be registered under the U.S. Securities Act of 1933 (the "Securities Act") and subject to certain exceptions, may not be offered or sold within the United States. The Bonds may be offered and sold outside the United States in reliance on Regulation S. This announcement is not for distribution, directly or indirectly, in or into the United States.

NOTICE OF LISTING ON

THE STOCK EXCHANGE OF HONG KONG LIMITED

BPHL CAPITAL MANAGEMENT LIMITED

(incorporated in the British Virgin Islands with limited liability)

U.S.$150,000,000 5.95 per cent. guaranteed bonds due 2023

(to be consolidated and form a single series with the

U.S.$600,000,000 5.95 per cent. guaranteed bonds due 2023)

(Stock Code: 40171)

unconditionally and irrevocably guaranteed by

BEIJING PROPERTIES (HOLDINGS) LIMITED

北 京 建 設（ 控 股 ）有 限 公 司

(incorporated in Bermuda with limited liability)

(Stock Code: 925)

with the benefit of a Keepwell and Liquidity Support Deed

issued by Beijing Enterprises Group Company Limited（北京控股集團有限公司）

1

Joint Global Coordinators, Joint Lead Managers and Joint Bookrunners

Guotai Junan	Silk Road	Industrial Bank	CCB	BOSC
International	International	Co., Ltd.	International	International
		Hong Kong Branch
	Joint Lead Managers and Joint Bookrunners
China CITIC Bank	CMB International	Shanghai Pudong
International		Development Bank
			Hong Kong Branch

Application has been made to The Stock Exchange of Hong Kong Limited for the listing of and permission to deal in the U.S.$150,000,000 5.95 per cent. guaranteed bonds due 2023 (the "Additional Bonds") (to be consolidated and form a single series with the U.S.$600,000,000

5.95 per cent. guaranteed bonds due 2023 issued on 27 February 2020, collectively, the "Bonds") to be issued by BPHL Capital Management Limited (the "Issuer") and guaranteed by Beijing Properties (Holdings) Limited (the "Guarantor"), with the benefit of a keepwell

and liquidity support deed issued by Beijing Enterprises Group Company Limited (北京控股 集團有限公司), by way of an issue of debt to professional investors (as defined in Chapter 37 of the Rules Governing the Listing of Securities on The Stock Exchange of Hong Kong Limited and in the Securities and Futures Ordinance (Cap. 571) of the Laws of Hong Kong) only, as described in the offering circular dated 7 August 2020. The listing of and permission to deal in the Additional Bonds is expected to become effective on or about 13 August 2020.

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

As at the date of this announcement, Mr. Siu Kin Wai and Mr. Cheng Ching Fu are the directors of the Issuer.

Hong Kong, 12 August 2020

2