Shenzhen Investment : Announcements and Notices - Grant of Further Waiver from Strict Compliance with Rule 14.41(a) 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)

Reference is made to (1) the announcements of Shenzhen Investment Limited (the "Company") dated 31 May 2017 and 29 June 2017, in relation to the entering into of the principal investment agreement dated 31 May 2017 amongst the Subsidiary (an indirect wholly-owned subsidiary of the Company), Kailong Real Estate and Hengda Real Estate (both are subsidiaries of China Evergrande), as amended and supplemented by the supplemental agreement dated 31 May 2017 entered into amongst the same parties, and further amended and supplemented by the supplemental agreement dated 28 June 2017 entered into amongst the Subsidiary, Kailong Real Estate, Hengda Real Estate and Mr. Hui, under which, among other things, the Subsidiary has agreed to contribute an amount of RMB5.5 billion to the capital of Hengda Real Estate in return for equity interest in Hengda Real Estate; and (2) the announcement of the Company dated 12 June 2017 in relation to the grant of waiver from strict compliance with Rule 14.41(a) of the Listing Rules and the delay in despatch of the Circular (the "Delay Announcement") (collectively, the "Announcements"). Unless otherwise defined, capitalised terms used herein shall have the same meanings as those defined in the Announcements.

As disclosed in the Delay Announcement, the Company has applied to the Stock Exchange for, and the Stock Exchange has granted to the Company, a waiver from strict compliance with Rule 14.41(a) of the Listing Rules, on the basis that the Company will despatch the Circular to the Shareholders on or before 29 September 2017.

As additional time is required to prepare and finalise certain information to be included in the Circular, including, among other things, the indebtedness statement of the Company, it is expected that the despatch date of the Circular will be postponed to a date falling on or before 24 November 2017.

In view of the above, the Company has further applied to the Stock Exchange for a waiver from strict compliance with Rule 14.41(a) of the Listing Rules, and the Stock Exchange has granted the aforesaid waiver to the Company, on the basis that the Company will despatch the Circular on or before 24 November 2017. The Stock Exchange may change the aforesaid waiver if the Company's situation changes.

By order of the Board of

Chairman

Hong Kong, 28 September 2017

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, Dr. WU Jiesi and Mr. LIU Shichao are the non-executive Directors and Mr. LI Wai Keung, Mr. WU Wai Chung, Michael and Dr. WONG Yau Kar David are the independent non-executive Directors.