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 the Cayman Islands with limited liability)

(Stock Code: 01628)

GRANT OF SHARE OPTIONS

This announcement is made pursuant to Rule 17.06A 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 Yuzhou Properties Company Limited (the "Company", together with its subsidiaries, the "Group") hereby announces that on 25 January 2018 (the "Date of Grant"), the Company has granted share options (the "Share Options") under its share option scheme adopted on 24 May 2010 to certain directors and employees of the Group (the "Grantees") which, subject to the acceptance of the Grantees, entitles the Grantees to subscribe for an aggregate of 36,860,000 new shares of HK$0.10 each (the "Shares") in the share capital of the Company. Details of the grant of the Share Options are set out below:

Date of Grant

:

25 January 2018

Exercise price

:

HK$5.88 per Share

Number of underlying Shares

:

36,860,000 Shares

subject to the Share Options

Closing price of the Shares on

:

HK$5.88 per Share

the Date of Grant

1

Validity period of the Share

:

10 years from the Date of Grant

Options

Vesting period

:

40%, 30% and 30% of the Share Options will be vested on

the third, fifth and seventh anniversaries, respectively, from

the Date of Grant

The exercise price of HK$5.88 per Share represents the highest of (i) the closing price of HK$5.88 per Share as stated in the daily quotation sheets issued by The Stock Exchange of Hong Kong Limited (the "Stock Exchange") on the Date of the Grant; and (ii) the average closing price of HK$5.826 per Share as stated in the daily quotation sheets issued by the Stock Exchange for the five business days immediately preceding the Date of Grant.

Among the Share Options granted, Share Options to subscribe for 4,500,000 Shares were granted to the following directors of the Company:

Number of

underlying Shares

subject to the Share

Name of Grantee

Position

Options granted

Lam Lung On*

Chairman

2,000,000

Kwok Ying Lan*

Vice-chairman

2,000,000

Lin Conghui

Executive Director

500,000

*Mr. Lam Lung On and Ms. Kwok Ying Lan are also the substantial shareholders of the Company.

Save as disclosed above, none of the Grantees is a director, chief executive or substantial shareholder of the Company, or any of their respective associates (as defined in the Listing Rules).

The grant of Share Options to each of the above directors of the Company had been approved by the independent non-executive directors of the Company in accordance with Rule 17.04(1) of the Listing Rules and approved by the remuneration committee of the Company.

By Order of the Board Yuzhou Properties Company Limited

Lam Lung On

Chairman

Hong Kong, 25 January 2018

As at the date of this announcement, the executive directors of the Company are Mr. Lam Lung On (Chairman, JP), Ms. Kwok Ying Lan and Mr. Lin Conghui, and the independent non-executive directors of the Company are Mr. Lam Kwong Siu, Mr. Wee Henny Soon Chiang and Dr. Zhai Pu.

2

Yuzhou Properties Company Limited published this content on 25 January 2018 and is solely responsible for the information contained herein.
Distributed by Public, unedited and unaltered, on 25 January 2018 12:24:04 UTC.

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