Country Garden : SUSPENSION OF THE PROPOSED SPIN-OFF OF GUANGDONG COUNTRY GARDEN PROPERTY SERVICES CO., LTD. ON THE SHANGHAI STOCK EXCHANGE

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.

This announcement is for information purposes only and does not constitute an invitation or offer to acquire, purchase or subscribe for the securities of the Company.

COUNTRY GARDEN HOLDINGS COMPANY LIMITED ၀࣭෤છٰϞࠢʮ̡

(Incorporated in the Cayman Islands with limited liability)

(Stock Code: 2007)

SUSPENSION OF THE PROPOSED SPIN-OFF OF GUANGDONG COUNTRY GARDEN PROPERTY

SERVICES CO., LTD.

ON THE SHANGHAI STOCK EXCHANGE

Reference is made to the announcements of the Company dated 16 March 2016 and 7 September 2016 (the "Announcements") in relation to the proposed separate listing of 廣東碧桂園物業 服務股份有限公司 (Guangdong Country Garden Property Services Co., Ltd.) ("CG Property Services"), a non-wholly owned subsidiary of the Company, on the Shanghai Stock Exchange (the "Proposed Spin-off"). Unless otherwise defined, terms used in this announcement shall have the same meanings as those defined in the Announcements.

The Company announces that on 11 December 2017, owing to a recent change in the policies of the approval authorities in the PRC, CG Property Services has resolved to withdraw its application for the Proposed Spin-off. Accordingly, the Proposed Spin-off will not proceed at this time.

The Company is evaluating its options, including the seeking of a separate listing of the assets related to property management on a securities exchange elsewhere. The Company will make further announcements in compliance with the Listing Rules as and when the alternative plan in respect of the Proposed Spin-off has been finalised.

The Company would like to stress that it is operating in good order and the suspension of the Proposed Spin-off will not have any material adverse effect on the financial position or operation of the Company.

Shareholders and potential investors of the Company are reminded to exercise caution when dealing in or investing in the securities of the Company. Persons who are in doubt about their position or any action to be taken are recommended to consult their own professional advisers.

By order of the board of directors

Country Garden Holdings Company Limited

MO Bin

President and Executive Director

Foshan, Guangdong Province, the PRC, 11 December 2017

As of the date of this announcement, the executive directors of the Company are Mr. YEUNG Kwok Keung (Chairman), Ms. YANG Huiyan (Vice Chairman), Mr. MO Bin (President), Ms. YANG Ziying, Mr. YANG Zhicheng, Mr. XIE Shutai, Mr. SONG Jun, Mr. LIANG Guokun and Mr. SU Baiyuan. The non-executive director of the Company is Mr. CHEN Chong. The independent non-executive directors of the Company are Mr. LAI Ming, Joseph, Mr. SHEK Lai Him, Abraham, Mr. TONG Wui Tung, Mr. HUANG Hongyan, Mr. MEI Wenjue and Mr. YEUNG Kwok On.