Shenzhen Investment : Announcement Pursuant to Rule 13.18 of the Listing Rules

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 Hong Kong with limited liability)

(Stock Code: 00604)

ANNOUNCEMENT PURSUANT TO RULE 13.18 OF THE LISTING RULES

This announcement is made pursuant to Rule 13.18 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 Shenzhen Investment Limited (the "Company") announces that on 26 February 2018, the Company as borrower accepted the facility letter (the "Facility Letter") relating to a term loan facility of up to HK$500,000,000 (the "Facility") offered by a bank as lender. The term of the Facility is 3 years commencing from the date of acceptance of the Facility Letter.

Pursuant to the Facility Letter, the Company has undertaken to procure that (i) Shum Yip Holdings Company Limited ("Shum Yip") remains the single largest shareholder, maintains at least 35% beneficial ownership in the Company and maintains control of the Board; and (ii) Shenzhen Municipal People's Government of the People's Republic of China owns (directly or indirectly) at least 51% beneficial ownership in Shum Yip.

As at the date of this announcement, Shum Yip beneficially holds approximately 60.78% of the issued share capital of the Company and the Shenzhen Municipal People's Government of the People's Republic of China holds 100% interest in Shum Yip.

The Company will, in compliance with Rule 13.21 of the Listing Rules, include appropriate disclosure in its interim and annual reports for so long as circumstances giving rise to the disclosure obligation under Rule 13.18 of the Listing Rules continue to exist.

By order of the Board

SHENZHEN INVESTMENT LIMITED

LU Hua

Chairman

Hong Kong, 26 February 2018

As at the date of this announcement, the Board comprises 9 directors, of which Dr. LU Hua, Mr.

HUANG Wei, Mr. MOU Yong and Mr. LIU Chong are the executive directors of the Company, Dr. WU Jiesi and Mr. LIU Shichao are the non-executive directors of the Company and Mr. LI Wai Keung, Mr.

WU Wai Chung, Michael and Dr. WONG Yau Kar David are the independent non-executive directors of the Company.