China State Construction 'l : Announcements and Notices - Unaudited Financial Performance & Unaudited Operating Information for the First Quarter of 2019

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.

(Incorporated in the Cayman Islands with limited liability)

(Stock Code: 3311)

UNAUDITED FINANCIAL PERFORMANCE

&UNAUDITED OPERATING INFORMATION FOR THE FIRST QUARTER OF 2019

This announcement is made by China State Construction International Holdings Limited (the "Company") pursuant to the Inside Information Provisions under Part XIVA of the Securities and Futures Ordinance (Cap. 571 of the Laws of Hong Kong ) and Rule 13.09(2) of the Rules Governing the Listing of Securities on The Stock Exchange of Hong Kong Limited (the "Listing Rules").

The board of directors (the "Board") of the Company is pleased to provide the following certain unaudited financial data and certain unaudited operating information of the Company and its subsidiaries (the "Group") for the first quarter of 2019 (being the three months ended 31 March 2019) (the "Quarterly Update"). The Quarterly Update is provided to ensure that shareholders of the Company and potential investors have equal and timely access to the information of the Company and is also available on the website of the Company (www.csci.com.hk).

The Quarterly Update has been prepared on the same basis as for preparation of annual report for the year ended 31 December 2018, which have not been audited or reviewed by external auditors, and as such the data is for investors' information only. Such data may differ from figures to be disclosed in the audited or unaudited consolidated financial statements to be published by the Company on an annual, semi-annual or quarterly basis due to various uncertainties during the process of collection and collating of such data.

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The Quarterly Update does not constitute, nor should it be construed as, an offer or solicitation for the purchase or sale of any securities or financial instruments of the Group. It does not and it is not intended to provide any investment service or investment advice.

The Company is an indirect subsidiary of China State Construction Engineering Corporation Limited ("CSCECL", whose shares are listed on The Shanghai Stock Exchange). As at the date of this announcement, CSCECL beneficially owns 64.66% of the existing issued share capital of the Company. The Group's unaudited financial and operating information is also contained within and consistent with CSCECL's unaudited quarterly results for the first quarter of 2019 prepared pursuant to the listing rules of The Shanghai Stock Exchange before the end of April 2019.

UNAUDITED FINANCIAL PERFORMANCE

The unaudited Group revenue and share of revenue of joint ventures of the Group for the three months ended 31 March 2019 were approximately HK$11,555,483,000 and HK$476,546,000 respectively (31 March 2018: HK$11,617,901,000 and HK$370,039,000 respectively). While the aggregate amounts of unaudited operating profit and the share of profits of joint ventures were approximately HK$2,164,569,000 (31 March 2018: HK$1,684,902,000). The results and the comparatives are prepared on the same basis as for the preparation of the audited consolidated financial statement for the year ended 31 December 2018.

UNAUDITED OPERATING INFORMATION

For the three months ended 31 March 2019, the Group recorded an accumulated new contract value of HK$34.60 billion (achieved a 28.8% completion of the full year target of 2019, which should be no less than HK$120.0 billion).

As of 31 March 2019, the on-hand contract value of the Group amounted to approximately HK$397.07 billion, among which the backlog was approximately HK$255.41 billion.

Details of Major New Contracts Awarded in the First Quarter of 2019

Wong Chuk Hang Station Property Development, Hong Kong (The attributable contract value of the Group is about HK$2.55 billion. Such project includes residential building and others with a total gross floor area of 76,000 square meters. The construction period is about 32 months.);

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Hong Hong Palace Museum, Hong Kong (The attributable contract value of the Group is about HK$2.16 billion. Such project includes Museum main building, carpark and others with a total gross floor area of about 44,000 square meters. The construction period is about 31 months.) ;

Industrial Park Infrastructure PPP Project, Jiangmen, Guangdong Province (The attributable contract value of the Group is about HK$1.92 billion. Such project includes buildings, roads, landscaping and others with a total gross floor area of 240,000 square meters. The construction period is about 36 months.);

Main Construction for Barra Station Project, Macau (The attributable contract value of the Group is about HK$1.14 billion. Such project includes Barra LRT station, tunnels and others with a total gross floor area of 37,000 square meters. The construction period is about 50 months.).

New Contracts Awarded & Project in Progress in the First Quarter of 2019

Market	New Contract Awarded	Project in Progress
	(HK$ Billion)	Total Value	Backlog
		(HK$ Billion)	(HK$ Billion)
Mainland China	16.12	286.50	197.76
Hong Kong	14.87	76.58	43.89
Macau	2.97	22.15	7.23
China State Construction	0.64	11.84	6.53
Development Holdings Limited
Total	34.60	397.07	255.41

GENERAL

The Company's shareholders and potential investors should note that all the figures contained herein are unaudited. Accordingly, figures contained in this announcement should in no way be regarded as to provide any indication or assurance on the financial results of the Group for the three months ended 31 March 2019.

The data on operating information has been prepared based on internal management records of the Group which have not been audited or reviewed by external auditors, and as such the data is for investors' information only. Such data may differ from figures to be disclosed in the audited or unaudited consolidated financial statements to be published by the Company on an annual, semi-annual or quarterly basis due to various uncertainties during the process of collection and collating of such data. The operating information does

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not constitute, nor should it be construed as, an offer or solicitation for the purchase or sale of any securities or financial instruments of the Group. It does not and it is not intended to provide any investment service or investment advice.

The Company's shareholders and potential investors are urged to exercise caution in dealing in the securities of the Company and are recommended to consult their own professional advisers if they are in doubt as to their investment positions.

By Order of the Board

China State Construction

International Holdings Limited

Yan Jianguo

Chairman and Non-executive Director

Hong Kong, 15 April 2019

As at the date of this announcement, the Board comprises Mr. Yan Jianguo as Chairman and Non-executive Director; Mr. Zhang Haipeng (Chief Executive Officer), Mr. Tian Shuchen, Mr. Zhou Hancheng and Mr. Hung Cheung Shew as Executive Directors; and Dr. Raymond Ho Chung Tai, Mr. Adrian David Li Man Kiu, Dr. Raymond Leung Hai Ming and Mr. Lee Shing See as Independent Non-executive Directors.

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