Central China Real Estate : ANNOUNCEMENT UNAUDITED CONTRACTED SALES DATA FOR APRIL 2021

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(Stock Code: 0832)

ANNOUNCEMENT

UNAUDITED CONTRACTED SALES DATA

FOR APRIL 2021

This announcement is made by Central China Real Estate Limited (the "Company", together with its subsidiaries, the "Group") pursuant to the Inside Information Provisions (as defined under the Rules Governing the Listing of Securities on The Stock Exchange of Hong Kong Limited (the "Listing Rules")) under Part XIVA of the Securities and Futures Ordinance (Chapter 571 of the Laws of Hong Kong) and Rule 13.09(2)(a) of the Listing Rules.

The board (the "Board") of directors (the "Directors" and each a "Director") of the Company hereby announces that, in April 2021, the Group achieved property contracted sales of RMB5,400 million, representing a year-on-year decrease of 28.0%, with a contracted sales gross floor area ("GFA") of 802,112 square metres ("sq.m."), representing a year- on-year decrease of 21.4%. The average selling price per sq.m. for April 2021 amounted to RMB6,732, representing a year-on-year decrease of 8.4%.

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	April
					Year-on-
	2021			2020	year change
Contracted sales (RMB million)
Heavy assets	3,207			5,336	-39.9%
Light assets	2,193			2,167	1.2%
Total	5,400			7,503	-28.0%
Contracted sales GFA (sq.m.)
Heavy assets	422,873			647,709	-34.7%
Light assets	379,239			373,427	1.6%
Total	802,112			1,021,136	-21.4%
Average selling price per sq.m. (RMB)
Heavy assets	7,583			8,238	-7.9%
Light assets	5,783			5,803	-0.3%
Total	6,732			7,348	-8.4%

For the four months ended 30 April 2021, the Group achieved total property contracted sales of RMB21,915 million, representing a year-on-year increase of 4.5%, with a total contracted sales GFA of 3,194,169 sq.m., representing a year-on-year increase of 8.7%. The average selling price per sq.m. for the four months ended 30 April 2021 amounted to RMB6,861, representing a year-on-year decrease of 3.9%.

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	Four months ended
	30 April		Year-on-
	2021			2020	year change
Contracted sales (RMB million)
Heavy assets	13,969			16,076	-13.1%
Light assets	7,946			4,894	62.4%
Total	21,915			20,970	4.5%
Contracted sales GFA (sq.m.)
Heavy assets	1,815,633			2,071,204	-12.3%
Light assets	1,378,536			866,292	59.1%
Total	3,194,169			2,937,496	8.7%
Average selling price per sq.m. (RMB)
Heavy assets	7,694			7,762	-0.9%
Light assets	5,764			5,649	2.0%
Total	6,861			7,139	-3.9%

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DISCLAIMER

In view of the presence of various uncertainties during the property sales process, the property sales data disclosed above are based on preliminary internal management records of the Group and are unaudited. The above data may differ from the data to be disclosed in the regular reports of the Company. Such data are provided for investors' reference only, and do not constitute, nor should they be construed as, an offer or solicitation to sell or buy any securities or financial products of the Company. They should not be used as a basis for research reports, and are not intended to, nor should they constitute any investment advice.

Shareholders of the Company and potential investors are advised to exercise caution when dealing in the shares of the Company, and should not place undue reliance on the data disclosed herein. When in doubt, investors are advised to seek professional advice from professional or financial advisers.

By Order of the Board

Central China Real Estate Limited

Wu Po Sum

Chairman

Hong Kong, 6 May 2021

As at the date of this announcement, the Board comprises nine Directors, of which Mr. Wu Po Sum, Mr. Wang Jun and Mr. Yuan Xujun are executive Directors, Mr. Lim Ming Yan, Ms. Wu Wallis (alias Li Hua) and Ms. Chen Ying are non-executive Directors, Mr. Cheung Shek Lun, Mr. Xin Luo Lin and Dr. Sun Yuyang are independent non-executive Directors.

• For identification purposes only

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