The Stock Exchange of Hong Kong Limited takes no responsibility for the contents of this announcement, makes no representation as to its accuracy or completeness and expressly disclaims any liability whatsoever for any loss howsoever arising from or in r

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.

SHIMAO PROPERTY HOLDINGS LIMITED

世茂房 地產控股有限 公司

(Incorporated in the Cayman Islands with limited liability)

(Stock code: 813) OVERSEAS REGULATORY ANNOUNCEMENT SHANGHAI SHIMAO CO., LTD. A SUBSIDIARY OF SHIMAO PROPERTY HOLDINGS LIMITED ANNOUNCEMENT OF UNAUDITED FINANCIAL RESULTS FOR THE THREE MONTHS ENDED 31 MARCH 2016

Shanghai Shimao Co., Ltd. ("Shanghai Shimao"), a subsidiary of Shimao Property Holdings Limited (the "Company"), is a company incorporated in the People's Republic of China whose shares are listed on the Shanghai Stock Exchange. The Company has an approximately 58.92% attributable interest in Shanghai Shimao. The board of directors of Shanghai Shimao has approved the unaudited consolidated financial results for the three months ended 31 March 2016. Shanghai Shimao's unaudited consolidated financial results will be posted on the Shanghai Stock Exchange's website. The consolidated income statement for the three months ended 31 March 2016 and the consolidated balance sheet as at 31 March 2016 of Shanghai Shimao are provided below:

SHANGHAI SHIMAO CO., LTD. CONSOLIDATED INCOME STATEMENT FOR THE THREE MONTHS ENDED 31 MARCH 2016

2016

2015

RMB

RMB

1. Operating income

2,624,068,492.07

2,079,154,664.77

Less: Operating costs

1,779,370,975.75

1,150,161,535.58

Operating taxes and surcharges

225,332,494.29

189,009,442.52

Selling expenses

61,563,943.24

85,423,934.59

General and administrative expenses

170,323,811.16

160,375,459.95

Financial expenses

8,030,510.31

9,863,842.99

Impairment loss of assets

-

(4,446.46)

Add: Investment income/(loss)

8,577,262.42

(3,935,889.66)

2. Operating profit

388,024,019.74

480,389,005.94

Add: Non-operating income

2,744,046.20

4,539,669.43

Less: Non-operating expenses

5,184,165.12

1,064,033.47

3. Total profit

385,583,900.82

483,864,641.90

Less: Income tax expenses

88,517,568.93

116,925,346.31

4. Net profit

297,066,331.89

366,939,295.59

Net profit attributable to equity holders of Shanghai Shimao

253,050,429.11

252,962,751.41

Net profit attributable to minority shareholders

44,015,902.78

113,976,544.18

5. Earnings per share

Earnings per share - basic

0.13

0.13

Earnings per share - diluted

0.13

0.13

6.

Other comprehensive income after tax - net

10,957,649.27

(49,439,883.30)

7.

Total comprehensive income

308,023,981.16

317,499,412.29

Total comprehensive income attributable to equity holders of Shanghai Shimao

264,008,078.38

203,522,868.11

Total comprehensive income attributable to minority shareholders

44,015,902.78

113,976,544.18

SHANGHAI SHIMAO CO., LTD. CONSOLIDATED BALANCE SHEET AS AT 31 MARCH 2016

31 March 2016

31 December 2015

RMB

RMB

ASSETS

Current assets

39,909,444,143.67

38,529,377,720.70

Non-current assets

26,931,291,062.57

26,818,398,932.42

Total assets

66,840,735,206.24

65,347,776,653.12

LIABILITIES AND SHAREHOLDERS' EQUITY

Current liabilities

27,620,202,701.14

27,880,296,574.22

Non-current liabilities

14,256,996,215.22

12,812,298,520.18

Total liabilities

41,877,198,916.36

40,692,595,094.40

Shareholders' equity

Share capital

1,913,861,358.00

1,913,861,358.00

Capital reserve

3,761,390,884.80

3,761,060,134.80

Other comprehensive income

4,267,206,550.53

4,256,248,901.26

Surplus reserve

375,731,058.36

375,731,058.36

Retained profits

9,407,785,885.77

9,154,735,456.66

Equity attributable to equity holders of Shanghai Shimao

19,725,975,737.46

19,461,636,909.08

Minority interests in equity

5,237,560,552.42

5,193,544,649.64

Total owners' equity

24,963,536,289.88

24,655,181,558.72

Total liabilities and owners' equity

66,840,735,206.24

65,347,776,653.12

GENERAL

Shareholders should note that the above unaudited financial information pertains only to Shanghai Shimao and not to the Company itself.

Details of the unaudited consolidated financial results of Shanghai Shimao for the three months ended 31 March 2016 are accessible at the Shanghai Stock Exchange's website (www.sse.com.cn).

On behalf of the Board

Shimao Property Holdings Limited Hui Wing Mau

Chairman

Hong Kong, 28 April 2016

As at the date of this announcement, the board of directors of the Company comprises five executive directors, namely, Mr. Hui Wing Mau (Chairman), Mr. Hui Sai Tan, Jason (Vice Chairman), Ms. Tang Fei, Mr. Liao Lujiang and Mr. Kan Naigui; one non-executive director, namely, Mr. Liu Sai Fei; and three independent non-executive directors, namely, Ms. Kan Lai Kuen, Alice, Mr. Lu Hong Bing and Mr. Lam Ching Kam.

Shimao Property Holdings Limited issued this content on 28 April 2016 and is solely responsible for the information contained herein. Distributed by Public, unedited and unaltered, on 28 April 2016 13:04:05 UTC

Original Document: http://www.shimaoproperty.com/Upload/DownloadFile/KbiiDEXSnb81