Beijing Properties : Announcements and Notices - Conversion of Subscription Shares Into Ordinary Shares of ...

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.

北京建 設（ 控股 ）有限公司

(Incorporated in Bermuda with limited liability)

References are made to the circular of the Company dated 28 August 2014 (the "Circular") and the announcement of the Company dated 11 July 2014 and 14 July 2014 (the "Announcements") in relation to the deemed disposal of 35% interest in China Logistics Group. Unless the context requires otherwise, terms and used in this announcement shall have the same meanings as defined in the Circular.

China Logistics had received a conversion notice on 24 June 2016 and has received the second instalment of RMB377,000,000 on 11 July 2016 from the MJQ Investment Limited (the "Subscriber") in respect of the conversion of the Subscription Shares into ordinary shares of China Logistics. Full consideration of RMB888,000,000 has been received by China Logistics at the date of this announcement. The Subscription Shares shall rank pari passu in all respects inter se and with all other shares of China Logistics in issue.

Following the above, the Company and the Subscriber held 65% and 35% of the issued share capital of China Logistics respectively.

By Order of the Board

Company Secretary

Hong Kong, 11 July 2016

As at the date of this announcement, Mr. Qian Xu, Mr. Hu Yebi, Mr. Zhao Jiansuo, Mr. Siu Kin Wai, Mr. Yu Luning, Mr. Ang Renyi, Mr. Wan Lee Cham, Mr. Dong Qilin and Mr. Li Changfeng are the executive Directors; and Mr. Goh Gen Cheung, Mr. Zhu Wuxiang, Mr. James Chan, Mr. Song Lishui and Mr. Chan Yuk Cheung are the independent non-executive Directors.