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.

CHINA EVERBRIGHT LIMITED

(incorporated in Hong Kong with limited liability)

(Stock code: 165)

ANNOUNCEMENT OF UNAUDITED FINANCIAL RESULTS OF

YING LI INTERNATIONAL REAL ESTATE LIMITED

FOR THE SIX MONTHS ENDED 30 JUNE 2020

This announcement is made by China Everbright Limited (the "Company") pursuant to Rule 13.09 of the Rules Governing the Listing of Securities on The Stock Exchange of Hong Kong Limited (the "Listing Rules") and the Inside Information Provisions (as defined under the Listing Rules) under Part XIVA of the Securities and Futures Ordinance (Chapter 571 of the Laws of Hong Kong).

Ying Li International Real Estate Limited ("Ying Li"), a subsidiary of the Company whose shares are listed on the Mainboard of Singapore Exchange Securities Trading Limited ("SGX- ST"), has announced on 14 August 2020 the unaudited financial results of Ying Li and its subsidiaries (the "Ying Li Group") for the six months ended 30 June 2020.

The summary of the unaudited financial results of the Ying Li Group for the six months ended 30 June 2020 together with the comparative figures of the previous corresponding financial periods are provided below:

January to June

January to June

2020

2019

RMB('000)

RMB('000)

Revenue

77,649

215,479

Cost of sales

(26,898)

(90,370)

Gross profit

50,751

125,109

Other income

13,728

10,002

Selling expenses

(16,166)

(21,022)

Administrative expenses

(42,971)

(55,192)

Change in fair value of investment properties

-

(367,090)

Finance costs

(77,565)

(91,696)

Other expenses

(24,002)

(23,660)

Loss before Income Tax

(96,225)

(423,549)

Taxation - Current

(1,127)

(439)

- Deferred

(572)

94,336

Loss for the period

(97,924)

(329,652)

Foreign currency translation differences (at nil tax)

18,500

(13,298)

Total comprehensive loss for the period

(79,424)

(342,950)

Loss attributable to:

Ordinary shareholders of the company

(97,364)

(328,197)

Non-controlling interest (NCI)

(560)

(1,455)

- 1 -

January to June

January to June

2020

2019

Total comprehensive loss attributable to:

Ordinary shareholders of the company

(78,864)

(341,495)

Non-controlling interest (NCI)

(560)

(1,455)

Remarks: Details of the unaudited financial results of the Ying Li Group for the six months ended 30 June 2020 are accessible on the website of SGX-ST(http://www.sgx.com) and are also posted by the Company as an overseas regulatory announcement on the websites of The Stock Exchange of Hong Kong Limited (http://www.hkexnews.hk) and the Company (http://www.everbright.com), respectively.

The financial information set out herein is limited to the Ying Li Group only and does not represent or provide a complete view of the operating performance or financial condition of the Company. Shareholders and potential investors are advised to exercise caution when dealing in the securities of the Company and should not rely solely on such information.

By order of the Board

China Everbright Limited

Chan Ming Kin Desmond

Company Secretary

Hong Kong, 14 August 2020

As at the date of this announcement, the Directors of the Company are:

Executive Directors:

Independent Non-executive Directors:

Dr. Cai Yunge (Chairman)

Dr. Lin Zhijun

Dr. Zhao Wei (Chief Executive Officer)

Dr. Chung Shui Ming Timpson

Mr. Zhang Mingao

Mr. Law Cheuk Kin Stephen

Mr. Tang Chi Chun Richard

Mr. Yin Lianchen

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China Everbright Limited published this content on 14 August 2020 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 14 August 2020 10:22:07 UTC