China Properties : DELAY IN DESPATCH OF THE ANNUAL REPORT FOR THE YEAR ENDED 31 DECEMBER 2020 AND CONTINUED SUSPENSION OF TRADING

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 PROPERTIES GROUP LIMITED

(Incorporated in the Cayman Islands with limited liability)

(Stock Code: 1838)

DELAY IN DESPATCH OF THE ANNUAL REPORT

FOR THE YEAR ENDED 31 DECEMBER 2020

AND

CONTINUED SUSPENSION OF TRADING

This announcement is made by China Properties Group Limited (the ''Company'', together with its subsidiaries, the ''Group'') pursuant to Rules 13.09(2)(a) and 13.49(3)(i) 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) (the ''SFO'').

Reference is made to the announcement of the Company dated 24 March 2021 in relation to delay in publication of the 2020 Annual Results, postponement of the meeting of the Board and suspension of trading in the shares of the Company (the ''Announcement''). Capitalised terms used herein shall have the same meanings as those defined in the Announcement unless otherwise defined herein.

DELAY IN DESPATCH OF THE ANNUAL REPORT FOR THE YEAR ENDED 31 DECEMBER 2020

Pursuant to Rule 13.46 of the Listing Rules, the Company is required to send to every shareholder a copy of its annual report including its annual accounts not more than four months after the end of the financial year to which such annual accounts relate, being not later than 30 April 2021 in respect of the financial year ended 31 December 2020 (the ''FY2020'').

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As a result of the delay in the finalisation of the audit of the 2020 Annual Results, the Company will not be able to despatch the annual report of the Company for the year ended 31 December 2020 by 30 April 2021 (the ''2020 Annual Report'').

Further announcement(s) will be made by the Company regarding the 2020 Annual Results and the despatch of the 2020 Annual Report.

CONTINUED SUSPENSION OF TRADING

Trading in the shares of the Company on the Stock Exchange has been suspended with effect from 9 : 00 a.m. on 1 April 2021, and will remain suspended until further notice pending, among other matters, the publication of the announcement in relation to the 2020 Annual Results.

Shareholders of the Company and potential investors should exercise caution when dealing in the shares of the Company.

By Order of the Board

CHINA PROPERTIES GROUP LIMITED

Dr. Wang Shih Chang, George

Chairman

Hong Kong, 30 April 2021

As at the date of this announcement, the Board of the Company comprises Dr. Wang Shih Chang, George, Mr. Wong Sai Chung and Mr. Xu Li Chang as executive directors, Mr. Kwan Kai Cheong as non-executive director and Mr. Warren Talbot Beckwith, Mr. Luk Koon Hoo and Dr. Garry Alides Willinge as independent non-executive directors.

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