Shenzhen International : Announces 2017 Interim Results Satisfactory Growth in Core Business Plan to complete Qianhai Land consolidation and preparation work by year end

[For Immediate Release] 23 August 2017

（Incorporated in Bermuda with limited liability） (Stock Code: 00152)

Financial Highlights:

• Revenue amounted to HK$4,205 million, increased by 18% over the corresponding period of 2016.

• Profit before finance costs and tax increased y-o-y by 23% to HK$2,288 million.

• Profit attributable to shareholders increased y-o-y by 75% to HK$1,104 million.

(Hong Kong, 23 August 2017) Shenzhen International Holdings Limited ("Shenzhen International" or the "Company", HKEx: 00152) announced the operating results of the Company and its subsidiaries (collectively the "Group") for the six months ended June 30, 2017 (the "reporting Period").

In 1H2017, China's economy has developed steadily and there is continual growth in domestic demand for logistics infrastructure facilities and quality logistics services. The Group seized arising opportunities and continued to drive the transformation and upgrading of existing operations and strategic deployment of "China Urban Integrated Logistics Hub", operating results recorded satisfactory growth. Revenue and profit attributable to shareholders increased y-o-y by 18% and 75% to HK$4,205 million and HK$1,104 million repectively.

The Group's logistics business reported satisfactory growth during the reporting Period, mainly benefited from growth in port business and successful expansion of the third-party logistics service and logistics finance service business. Revenue and profit attributable to shareholders of the logistic business increased by 63% to HK$1,266 million and 11% to HK$124 million respectively, compared to corresponding period of the previous year. For toll road business, most of the toll road projects recorded stable growth in traffic volume and toll revenue, plus contribution from new acquisition and investment projects, profit attributable to shareholders increased by 34% compared to the corresponding period of the previous year.

For other investments, Shenzhen Airlines, an associate in which the Group holds 49% equity interest, recorded continual growth in passenger volume and total revenue of RMB13,197

million, increased by 7% compared with the corresponding period of the previous year. Shenzhen Airlines contributed a profit of approximately HK$447 million to the Group during the reporting Period, increased by 8% compared with the corresponding period of the previous year.

Looking ahead, Mr. Gao Lei, Chairman of Shenzhen International Holdings Limited said, "The Group will seize opportunities arising from "One Belt One Road", "Guangdong-Hong Kong-Macao Greater Bay Area" and the Qianhai Free Trade Zone to accelerate the development of both asset-light and asset-heavy business model as well as the combination of "Industry, Finance and Networks" sectors.

"China Urban Integrated Logistics Hub" has increased to 18 projects and the Group's nationwide network coverage was further expanded, in which 6 projects have commenced operations and trial operations and started to contribute revenue and profit during the reporting period. Another 3 projects will commence trial operation in 2H2017. The Group will continue the investment in, construction and operation of the "China Urban Integrated Logistics Hub" projects and explore in the Pearl River Delta region, Yangtze River Delta region and Beijing area, and strive to establish presence in key logistic gateway cities where the Group has yet to invest in. At the same time, the Group will strive to acquire the land use rights and commence preparatory work for project construction for the Liguang land parcel which will be developed into the Shenzhen area node for "China Urban Integrated Logistics Hub".

The Group's Qianhai project land consolidation and preparation work and Qianhai phase 1 project are in progress. The Group will continue to negotiate with the Qianhai Management Bureau and relevant government authorities and plan to complete the consolidation and preparation work for the Group's 380,000 sqm land parcel in Qianhai in 2H2017, which will provide long-term and substantial profit to the Group. On the other hand, Meilin checkpoint Urban Renewal Project development is progressing steadily, the Group will accelerate the project development preparation work and strive to commence construction in 2H2017 with aim to achieve project's partial sales target in 2019.

In persistent implementation of the Group's strategies, the Group will drive the building of "China Urban Integrated Logistics Hub" nationwide network as well as the transformation and upgrade of the existing logistics parks, while actively identifying opportunities for the acquisition of well-developed logistics assets to further expand the Group's core business. "

Shenzhen International Holdings Limited

Shenzhen International Holdings Limited is a company incorporated in Bermuda with limited liability and is listed on the main board of the Stock Exchange of Hong Kong. The Group is principally engaged in the investment, construction and operation of logistic infrastructure facilities, as well as providing various value-added logistic services to customers leveraging

its infrastructure facilities and information services platform. Shenzhen Investment Holdings Company Limited, the controlling shareholder of the Company, is a corporation wholly-owned by Shenzhen Municipal People's Government State-owned Assets Supervision and Administration Commission.

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