China Properties Investment : LETTER OF INTENT IN RESPECT OF A POSSIBLE TRANSACTION

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CHINA PROPERTIES INVESTMENT HOLDINGS LIMITED

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(Incorporated in Bermuda with limited liability)

(Stock Code: 736)

LETTER OF INTENT

IN RESPECT OF A POSSIBLE TRANSACTION

This announcement is made by China Properties Investment Holdings 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 under Part XIVA of the Securities and Futures Ordinance (Cap. 571, Laws of Hong Kong).

POSSIBLE TRANSACTION

The board (the "Board") of directors of the Company (the "Directors") is pleased to announce that on 20 April 2021 (after trading hours), the Company entered into a non-legally binding letter of intent on strategic collaboration of acquisition and restructuring (the "LOI") with Shanghai Nuoyi Biotechnology Company Limited (the "Counterparty"), pursuant to which the Company shall form a strategic partnership with the Counterparty in the business of building and operating cancer integrated medical center in China (the "Possible Transaction").

To the best knowledge, information and belief of the Directors, having made all reasonable enquiries, the Counterparty is third party independent of and not connected with the Company and its connected persons (as defined in the Listing Rules).

PRINCIPAL TERMS OF THE LOI

Pursuant to the terms of the LOI, the Company shall conduct due diligence on the Counterparty and the parties thereto shall negotiate for the transaction structure, terms and conditions for the Possible Transaction. The parties shall enter into a formal and binding agreement in relation to the Possible

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Transaction on or before 19 October 2021 or else the LOI shall be automatically terminated (save and except the Binding Provisions as defined hereinafter) and the obligations of the parties thereto shall be discharged (save and except for any antecedent breach).

Save as disclosed above and the clauses relating to confidentiality, expenses, termination, consequence of breach, legal effect and governing law (the "Binding Provisions"), the LOI shall create no legal and binding obligations on the parties thereto.

GENERAL

If the formal agreement for the Possible Transaction materializes, the Possible Transaction may constitute a notifiable transaction of the Company under the Listing Rules. Further announcement(s) will be made by the Company in accordance with all applicable requirements of the Listing Rules as and when appropriate.

The Board wishes to emphasize that no binding agreement in relation to the Possible Transaction has been entered into as at the date of this announcement. As such, the Possible Transaction may or may not proceed. Shareholders of the Company and potential investors are advised to exercise caution when dealing in the shares of the Company.

By Order of the Board

China Properties Investment Holdings Limited

Han Wei

Chairman

Hong Kong, 20 April 2021

As at the date of this announcement, the executive Directors are Mr. Han Wei, Mr. Au Tat On and Mr. Wang Linbo and the independent non-executive Directors are Mr. Lai Wai Yin, Wilson, Ms. Cao Jie Min and Mr. Liang Kuo-Chieh.

In case of inconsistency, the English text of this announcement shall prevail over the Chinese text.

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