Reference is made to the announcement of Central China Real Estate Limited dated October 14, 2010 in relation to the issuance of 12.25% senior notes due 2015 and the announcement of the company dated May 22, 2013 in relation to the issuance of 6.5% senior notes due 2018. Pursuant to the terms of the indenture dated as of October 20, 2010, among the company, the entities set forth in Schedule I thereto as Subsidiary Guarantors and Deutsche Bank Trust Company Americas, as trustee (the 2010 Trustee) entered into in connection with the issuance of the 2010 notes, the company announced that it has informed the 2010 Trustee that all outstanding 2010 notes will be redeemed in full on June 21, 2013 at a redemption price equal to 100% of the principal amount thereof, plus the applicable premium as of, and accrued and unpaid interest to, the redemption date. The amount of accrued and unpaid interest with respect to the 2010 notes to (but not including) the redemption date will be USD 20.757 on each USD 1,000 of 2010 notes. As of the date of this announcement, the principal amount of the 2010 notes outstanding is USD 300,000,000. The company will satisfy the payment of the outstanding principal amount of the 2010 notes using proceeds from the offering of the May 2013 notes. Upon redemption of the outstanding 2010 notes on the redemption date, all the redeemed 2010 notes will be cancelled.

The board announced that on May 22, 2013, Central China Real Estate Ltd., the subsidiary guarantors and the subsidiary guarantor pledgors entered into the purchase agreement with DBS Bank Ltd., Deutsche Bank, J.P. Morgan, Morgan Stanley, Nomura and UBS in connection with the issue of the notes of USD 400 million 6.5% senior notes due 2018. The notes will be offered outside the United States in compliance with Regulation S under the U.S. Securities Act. The company intends to use the proceeds to fully redeem or repurchase the 2010 notes, to fund new and existing property projects (including land premium) and the remaining amount for general corporate purposes. The company may adjust its acquisition and development plans in response to changing market conditions and thus reallocate the use of the proceeds.

Central China Real Estate Ltd. at its AGM held on May 20, 2013, has declared a final dividend of HKD 0.08 per Share for the year ended December 31, 2012.