disclosure pursuant to rules 13.13 and 13.16 of the listing rules on ...

Hong Kong Exchanges <strong>and</strong> Clearing Limited <strong>and</strong> The S<strong>to</strong>ck Exchange <strong>of</strong> Hong Kong Limited takeno responsibility for <strong>the</strong> contents <strong>of</strong> this announcement, make no representation as <strong>to</strong> its accuracy orcompleteness <strong>and</strong> expressly disclaim any liability whatsoever for any loss howsoever arising from or inreliance upon <strong>the</strong> whole or any part <strong>of</strong> <strong>the</strong> contents <strong>of</strong> this announcement.BEIJING PROPERTIES (HOLDINGS) LIMITED(Incorporated in Bermuda with limited liability)(S<strong>to</strong>ck Code: 925)DISCLOSURE PURSUANT TO RULES <strong>13.13</strong> AND <strong>13.16</strong>OF THE LISTING RULES ON ADVANCE TO AN ENTITY ANDFINANCIAL ASSISTANCEGIVEN TO AFFILIATED COMPANIESReferences are made <strong>to</strong> <strong>the</strong> announcement <strong>of</strong> <strong>the</strong> Company dated 7 July 2011 whereby it wasannounced that <strong>the</strong> O<strong>the</strong>r Lender, along with <strong>the</strong> JV Parties, had agreed <strong>to</strong> enter in<strong>to</strong> a financingagreement <strong>pursuant</strong> <strong>to</strong> which <strong>the</strong> O<strong>the</strong>r Lender agreed <strong>to</strong> advance on behalf <strong>of</strong> <strong>the</strong> JV Parties <strong>the</strong>First Advance. The Company fur<strong>the</strong>r announced on 14 September 2011 that <strong>the</strong> O<strong>the</strong>r Lender hadagreed <strong>to</strong> make a fur<strong>the</strong>r advance on behalf <strong>of</strong> <strong>the</strong> JV Parties <strong>the</strong> Second Advance.The Board wishes <strong>to</strong> announce that on 10 September, 2012 (after trading hours), <strong>the</strong> Lender, awholly-owned subsidiary <strong>of</strong> <strong>the</strong> Company, entered in<strong>to</strong> <strong>the</strong> Agreement with <strong>the</strong> Borrower, <strong>pursuant</strong><strong>to</strong> which <strong>the</strong> Lender agreed <strong>to</strong> provide <strong>the</strong> Borrower a revolving loan facility <strong>of</strong> up <strong>to</strong> <strong>the</strong> equivalentHong Kong dollars amount <strong>of</strong> RMB34,920,000 (equivalent <strong>to</strong> approximately HK$42,712,984) for aninitial period <strong>of</strong> six months commencing from <strong>the</strong> Drawdown Date. The Loan shall be applied <strong>and</strong>used by <strong>the</strong> Borrower solely for increasing <strong>the</strong> registered capital <strong>of</strong> <strong>the</strong> JV Company.As <strong>the</strong> transactions under <strong>the</strong> First Advance, <strong>the</strong> Second Advance <strong>and</strong> <strong>the</strong> transactions contemplatedunder <strong>the</strong> Loan Agreement have been entered in<strong>to</strong> by <strong>the</strong> Company, through <strong>the</strong> Lender <strong>and</strong> <strong>the</strong>O<strong>the</strong>r Lender, with <strong>the</strong> same party or with parties connected or o<strong>the</strong>rwise associated with oneano<strong>the</strong>r, <strong>the</strong> Loan <strong>to</strong> <strong>the</strong> Borrower, when aggregated with <strong>the</strong> First Advance <strong>and</strong> <strong>the</strong> SecondAdvance, <strong>to</strong>ge<strong>the</strong>r constitute advances <strong>to</strong> an entity under Rule <strong>13.13</strong> <strong>of</strong> <strong>the</strong> Listing Rules <strong>and</strong> will<strong>to</strong>ge<strong>the</strong>r exceed 8% under <strong>the</strong> assets ratio under Rule 14.07(1) <strong>of</strong> <strong>the</strong> Listing Rules.The Company also announces that <strong>the</strong> financial assistance <strong>to</strong> affiliated companies <strong>of</strong> <strong>the</strong> Company inaggregate exceeds 8% under <strong>the</strong> assets ratio as defined under Rule 14.07 <strong>of</strong> <strong>the</strong> Listing Rules. Thisannouncement is also made in accordance with <strong>the</strong> requirements under Rule <strong>13.16</strong> <strong>of</strong> <strong>the</strong> ListingRules.1

BACKGROUNDReferences are made <strong>to</strong> <strong>the</strong> announcement <strong>of</strong> <strong>the</strong> Company dated 7 July 2011 whereby it wasannounced that <strong>the</strong> O<strong>the</strong>r Lender, along with <strong>the</strong> JV Parties, had agreed <strong>to</strong> enter in<strong>to</strong> a financingagreement <strong>pursuant</strong> <strong>to</strong> which <strong>the</strong> O<strong>the</strong>r Lender agreed <strong>to</strong> advance on behalf <strong>of</strong> <strong>the</strong> JV Parties <strong>the</strong> FirstAdvance. The Company fur<strong>the</strong>r announced on 14 September 2011 that <strong>the</strong> O<strong>the</strong>r Lender had agreed <strong>to</strong>make <strong>the</strong> Second Advance.Pursuant <strong>to</strong> a board resolution <strong>of</strong> <strong>the</strong> JV Company dated 16 April 2012, <strong>the</strong> registered capital <strong>of</strong> <strong>the</strong>JV Company will be increased by RMB485 million (<strong>the</strong> “Additional Capital”), from RMB15 million<strong>to</strong> RMB500 million <strong>and</strong> 30% <strong>of</strong> <strong>the</strong> Additional Capital shall be paid before 11 September 2012 (<strong>the</strong>“Injection Deadline”). Accordingly, <strong>the</strong> Borrower, being interested in 24% <strong>of</strong> <strong>the</strong> equity interests <strong>of</strong><strong>the</strong> JV Company (<strong>the</strong> “Interest”), has <strong>to</strong> inject RMB34.92 million before <strong>the</strong> Injection Deadline. Asat <strong>the</strong> date <strong>of</strong> this announcement, <strong>the</strong> Borrower has informed <strong>the</strong> JV Parties that, due <strong>to</strong> change in itsinvestment strategy, it intends <strong>to</strong> sell <strong>the</strong> Interest <strong>and</strong> <strong>the</strong>refore it will not fur<strong>the</strong>r inject <strong>the</strong> attributableAdditional Capital in<strong>to</strong> <strong>the</strong> JV Company. Besides, <strong>the</strong> Borrower is also negotiating for <strong>the</strong> possiblesale <strong>of</strong> <strong>the</strong> Interest <strong>to</strong> <strong>the</strong> Lender; however, <strong>the</strong> negotiation is at a very preliminary stage as at <strong>the</strong>date <strong>of</strong> this announcement <strong>and</strong> no agreement has been reached <strong>and</strong>, <strong>the</strong>refore, <strong>the</strong> Borrower’s possiblewithdrawal from <strong>the</strong> JV Company may most likely not materialize before <strong>the</strong> Injection Deadline. Forthis reason, in order <strong>to</strong> avoid any possible PRC legal consequences caused by <strong>the</strong> late injection <strong>of</strong> <strong>the</strong>attributable Additional Capital from <strong>the</strong> Borrower, <strong>the</strong> Lender entered in<strong>to</strong> <strong>the</strong> Agreement with <strong>the</strong>Borrower <strong>to</strong> advance <strong>the</strong> amount equivalent <strong>to</strong> <strong>the</strong> attributable Additional Capital <strong>of</strong> RMB34.92 millionpayable by <strong>the</strong> Borrower, <strong>to</strong> facilitate <strong>the</strong> Borrower <strong>to</strong> fulfill its legal obligation <strong>of</strong> injection <strong>to</strong>wards<strong>the</strong> Additional Capital before <strong>the</strong> Injection Deadline.ADVANCE TO AN ENTITY, AND FINANCIAL ASSISTANCE GIVEN TOAFFILIATED COMPANIESThe Board wishes <strong>to</strong> announce that on 10 September 2012 (after trading hours), <strong>the</strong> Lender, a whollyownedsubsidiary <strong>of</strong> <strong>the</strong> Company, entered in<strong>to</strong> <strong>the</strong> Agreement with <strong>the</strong> Borrower, <strong>pursuant</strong> <strong>to</strong>which <strong>the</strong> Lender has agreed <strong>to</strong> provide <strong>the</strong> Borrower an unsecured revolving loan facility <strong>of</strong> up <strong>to</strong>RMB34,920,000 for an initial period <strong>of</strong> six months commencing from <strong>the</strong> Drawdown Date. The Loanshall be au<strong>to</strong>matically renewed every six months until repayment. Pursuant <strong>to</strong> <strong>the</strong> Loan Agreement, <strong>the</strong>Lender will not declare that <strong>the</strong> Loan (<strong>to</strong>ge<strong>the</strong>r with any accrued interests) become immediately due<strong>and</strong> payable at any time until ei<strong>the</strong>r one <strong>of</strong> <strong>the</strong> following conditions happens:(a)(b)<strong>the</strong> acquisition <strong>of</strong> <strong>the</strong> Interest by <strong>the</strong> Lender or its nominated affiliate(s) completed; <strong>and</strong><strong>the</strong> Borrower receives <strong>the</strong> attributable portion <strong>of</strong> <strong>the</strong> registered capital contributed in <strong>the</strong> name <strong>of</strong><strong>the</strong> Borrower from <strong>the</strong> JV Company.Never<strong>the</strong>less, <strong>the</strong> Loan (<strong>to</strong>ge<strong>the</strong>r with any accrued interests) will be immediately due <strong>and</strong> repayable if<strong>and</strong> when any <strong>of</strong> <strong>the</strong> following happens:(c)(d)(e)<strong>the</strong> sale <strong>of</strong> <strong>the</strong> Interest by <strong>the</strong> Borrower <strong>to</strong> any outside party or parties o<strong>the</strong>r than <strong>the</strong> Lender <strong>and</strong>its affiliate(s) is completed;<strong>the</strong> Loan is not used for injection <strong>to</strong>wards <strong>the</strong> Additional Capital; <strong>and</strong>repayment is agreed mutually with written agreement between <strong>the</strong> Lender <strong>and</strong> <strong>the</strong> Borrower.2

The Loan shall be applied <strong>and</strong> used by <strong>the</strong> Borrower solely for increasing <strong>the</strong> attributable AdditionalCapital <strong>of</strong> RMB34.92 million <strong>of</strong> <strong>the</strong> JV Company. The Loan is made at an interest rate <strong>of</strong> Hong KongInter-Bank Offered Rate (“HIBOR”) at <strong>the</strong> Drawdown Date or renewal date for <strong>the</strong> correspondingperiod plus 1.5% per annum. The approximate HIBOR rate <strong>of</strong> <strong>the</strong> Drawdown Date <strong>and</strong> <strong>the</strong> date <strong>of</strong> thisannouncement is 0.87%.As at <strong>the</strong> date <strong>of</strong> this announcement, <strong>the</strong> Borrower <strong>and</strong> <strong>the</strong> Lender are interested in 24% <strong>and</strong> 32% <strong>of</strong><strong>the</strong> equity interests <strong>of</strong> <strong>the</strong> JV Company. To <strong>the</strong> best <strong>of</strong> <strong>the</strong> knowledge, information <strong>and</strong> belief, havingmade all reasonable enquiries by <strong>the</strong> Direc<strong>to</strong>rs, <strong>the</strong> Borrower <strong>and</strong> its ultimate beneficial owner(s)are Independent Third Parties. The loan is unsecured <strong>and</strong> will have no guarantee provided by <strong>the</strong>Borrower.The Lender is an investment holding company. The Group is principally engaged in investment,development <strong>and</strong> operation <strong>of</strong> industrial, residential <strong>and</strong> commercial properties. The Borrower isan investment holding company. Hutchison Port Holdings Limited, which directly holds 100%shareholding in <strong>the</strong> Borrower, is principally engaged in investment holding activities. The provision<strong>of</strong> <strong>the</strong> Loan <strong>to</strong> <strong>the</strong> Borrower is conducted as part <strong>of</strong> <strong>the</strong> proposed increase <strong>of</strong> <strong>the</strong> existing registeredcapital <strong>of</strong> <strong>the</strong> JV Company, which provides a source <strong>of</strong> capital funding for <strong>the</strong> JV Company fordevelopment <strong>of</strong> <strong>the</strong> Majuqiao Logistics Base, Beijing, PRC, <strong>and</strong> for repaying <strong>the</strong> amounts owing <strong>to</strong><strong>the</strong> Group under <strong>the</strong> First Advance <strong>and</strong> <strong>the</strong> Second Advance. The advancement <strong>of</strong> <strong>the</strong> Loan will befinanced by cash from internal resources <strong>of</strong> <strong>the</strong> Group.According <strong>to</strong> <strong>the</strong> latest management account <strong>of</strong> <strong>the</strong> Group for <strong>the</strong> six months ended 30 June 2012,<strong>the</strong> aggregate amount <strong>of</strong> financial assistance <strong>to</strong>, <strong>and</strong> (where applicable) guarantee given for <strong>the</strong> loanfacilities granted <strong>to</strong>, affiliated companies <strong>of</strong> <strong>the</strong> Company named in <strong>the</strong> first column <strong>of</strong> <strong>the</strong> table belowamounts <strong>to</strong> RMB274,920,000 (equivalent <strong>to</strong> approximately HK$336,273,011, based on <strong>the</strong> exchangerate <strong>of</strong> HK$1 = RMB0.81755) representing approximately 10.76% under <strong>the</strong> assets ratio as definedunder Rule 14.07(1) <strong>of</strong> <strong>the</strong> Listing Rules, details <strong>of</strong> which are set out as follows:Name <strong>of</strong> affiliated companyAttributableinterest heldby <strong>the</strong> GroupAmount <strong>of</strong>loan facilitiesmade available Amount <strong>of</strong>Total amount <strong>of</strong>advances madeAmount <strong>of</strong> <strong>and</strong> guarantee for Amount <strong>of</strong>Total amount <strong>of</strong>advances made/<strong>to</strong> be made <strong>and</strong>guarantee forby lenders<strong>to</strong> <strong>the</strong> affiliatedcompanyloan facilitiesguaranteedby <strong>the</strong> Companyadvances made<strong>to</strong> <strong>the</strong> affiliatedcompanyfacilities granted<strong>to</strong> affiliatedcompanyadvance intended<strong>to</strong> be madeby <strong>the</strong> Groupfacilities granted<strong>to</strong> affiliatedcompanyRMB million RMB million RMB million RMB million RMB million RMB millionBorrower N/A 34.92(note 1)JV Company (via <strong>the</strong> JV Parties) 32% 240(note 2)N/A N/A N/A 34.92 34.92N/A 240 240 N/A 240Total 274.92 N/A 240 240 34.92 274.923

Notes:–1 The loan facility is unsecured revolving loan facility <strong>of</strong> up <strong>to</strong> equivalent Hong Kong dollars <strong>of</strong> RMB34,920,000 foran initial period <strong>of</strong> six months commencing from <strong>the</strong> Drawdown Date. The loan shall be au<strong>to</strong>matically renewed everysix months until repayment. The loan facilities carry interest at <strong>the</strong> rate <strong>of</strong> 1-year Hong Kong Inter-Bank Offered Rateplus 1.5% per annum. The loan <strong>and</strong> accrued interests will not be immediately due <strong>and</strong> repayable at any time untilei<strong>the</strong>r one <strong>of</strong> <strong>the</strong> various conditions aforesaid happens. Pursuant <strong>to</strong> <strong>the</strong> Loan Agreement, <strong>the</strong> loan shall be applied <strong>and</strong>used by <strong>the</strong> Borrower solely for increasing <strong>the</strong> registered capital <strong>of</strong> <strong>the</strong> JV Company. The loan will be funded from <strong>the</strong>internal resources <strong>of</strong> <strong>the</strong> Group.2 The loan facilities included RMB100,000,000 <strong>and</strong> RMB140,000,000 which are unsecured loan facilities for initialperiods <strong>of</strong> six months commencing from 7 July 2011 <strong>and</strong> 14 September 2011, respectively. The loans shall beextended as agreed by <strong>the</strong> parties. The loan facilities carry interest same as <strong>the</strong> one year’s term loan interest rate aspublished, <strong>and</strong> as amended from time <strong>to</strong> time, by <strong>the</strong> Peoples’ Bank <strong>of</strong> China. BHL Investment Consulting Co., Ltd.which is a wholly owned subsidiary <strong>of</strong> <strong>the</strong> Company, may call for early repayment <strong>of</strong> <strong>the</strong> loan facilities <strong>to</strong>ge<strong>the</strong>r withall interest payables by giving <strong>the</strong> JV Company at least one month’s notice in advance. The loans advanced <strong>to</strong> <strong>the</strong> JVCompany are <strong>to</strong> develop <strong>the</strong> Majuqiao Logistics Base in Beijing, PRC. The loans were funded from internal resources<strong>of</strong> <strong>the</strong> Group.Save as disclosed above, no fur<strong>the</strong>r financial assistance have been made by <strong>the</strong> Company (or any <strong>of</strong> itssubsidiaries) <strong>to</strong> its affiliated companies up <strong>to</strong> <strong>the</strong> date <strong>of</strong> this announcement.LISTING RULES IMPLICATIONSAs <strong>the</strong> transactions under <strong>the</strong> First Advance, <strong>the</strong> Second Advance <strong>and</strong> <strong>the</strong> transactions contemplatedunder <strong>the</strong> Loan Agreement are entered in<strong>to</strong> by <strong>the</strong> Company, through <strong>the</strong> Lender <strong>and</strong> <strong>the</strong> O<strong>the</strong>r Lender,with <strong>the</strong> same party or with parties connected or o<strong>the</strong>rwise associated with one ano<strong>the</strong>r, <strong>the</strong> Loan <strong>to</strong> <strong>the</strong>Borrower, when aggregated with <strong>the</strong> First Advance <strong>and</strong> <strong>the</strong> Second Advance, constitutes an advance <strong>to</strong>an entity under Rule <strong>13.13</strong> <strong>of</strong> <strong>the</strong> Listing Rules <strong>and</strong> will exceed 8% under <strong>the</strong> assets ratio under Rule14.07(1) <strong>of</strong> <strong>the</strong> Listing Rules.The Company also announces that <strong>the</strong> financial assistance <strong>to</strong> affiliated companies <strong>of</strong> <strong>the</strong> Company, inaggregate exceeds 8% under <strong>the</strong> assets ratio as defined under Rule 14.07 <strong>of</strong> <strong>the</strong> Listing Rules. Thisannouncement is also made in accordance with <strong>the</strong> requirements under Rule <strong>13.16</strong> <strong>of</strong> <strong>the</strong> ListingRules.The Company hereby confirms that it will continue <strong>to</strong> moni<strong>to</strong>r <strong>the</strong> relevant advance <strong>to</strong> an entity <strong>and</strong><strong>the</strong> financial assistance <strong>and</strong> guarantees <strong>to</strong> its affiliated companies, <strong>and</strong> will comply with any fur<strong>the</strong>r<strong>disclosure</strong> requirements (if necessary) <strong>and</strong> <strong>the</strong> continuing <strong>disclosure</strong> requirements under Chapter 13 <strong>of</strong><strong>the</strong> Listing Rules for so long as <strong>the</strong> circumstances giving rise <strong>to</strong> such <strong>disclosure</strong> obligation continue <strong>to</strong>exist.For <strong>the</strong> possible acquisition <strong>of</strong> <strong>the</strong> Interest by <strong>the</strong> Lender, fur<strong>the</strong>r announcement will also be made by<strong>the</strong> Company under <strong>the</strong> requirement <strong>of</strong> <strong>the</strong> Listing Rule as necessary.4

DEFINITIONSIn this announcement, unless <strong>the</strong> context o<strong>the</strong>rwise requires, <strong>the</strong> following words <strong>and</strong> expressions have<strong>the</strong> following meanings when used herein:“Agreement”“Board”“Borrower”“Company”“connected persons”“Direc<strong>to</strong>r(s)”“Drawdown Date”“First Advance”“Group”“HK$”“Hong Kong”“Independent Third Party”“JV Company”<strong>the</strong> agreement dated 10 September 2012 entered between <strong>the</strong>Lender <strong>and</strong> <strong>the</strong> Borrower relating <strong>to</strong> <strong>the</strong> granting <strong>of</strong> <strong>the</strong> Loan<strong>and</strong> o<strong>the</strong>r matters;<strong>the</strong> board <strong>of</strong> Direc<strong>to</strong>rs <strong>of</strong> <strong>the</strong> Company from time <strong>to</strong> time;Hutchison Ports Beijing Limited, a company incorporated inHong Kong with limited liability <strong>and</strong> is an indirect whollyowned subsidiary <strong>of</strong> Hutchison Ports Holdings Limited;Beijing Properties (Holdings) Limited, a companyincorporated in Bermuda with limited liability, <strong>the</strong> issuedshares <strong>of</strong> which are listed on <strong>the</strong> Main Board <strong>of</strong> <strong>the</strong> S<strong>to</strong>ckExchange (s<strong>to</strong>ck code: 925);has <strong>the</strong> meaning ascribed <strong>the</strong>re<strong>to</strong> in <strong>the</strong> Listing Rules;<strong>the</strong> direc<strong>to</strong>r(s) <strong>of</strong> <strong>the</strong> Company (including <strong>the</strong> independentnon-executive direc<strong>to</strong>rs) from time <strong>to</strong> time;10 September 2012, which is <strong>the</strong> same date as at <strong>the</strong> date <strong>of</strong><strong>the</strong> Agreement <strong>and</strong> <strong>the</strong> date <strong>of</strong> this announcement;The advance <strong>of</strong> RMB100,000,000 (equivalent <strong>to</strong>approximately HK$122,316,678), for providing funding <strong>to</strong><strong>the</strong> JV Company, made <strong>pursuant</strong> <strong>to</strong> a financing agreemententered in<strong>to</strong> between <strong>the</strong> O<strong>the</strong>r Lender <strong>and</strong> <strong>the</strong> JV Parties on7 July 2011;<strong>the</strong> Company <strong>and</strong> its subsidiaries;Hong Kong dollars, <strong>the</strong> lawful currency <strong>of</strong> Hong Kong;The Hong Kong Special Administrative Region <strong>of</strong> <strong>the</strong> PRC;a third party independent <strong>of</strong> <strong>and</strong> not connected with <strong>the</strong>Company or its connected persons; (Beijing Inl<strong>and</strong> Port Co.,Ltd.), a company established in Beijing, <strong>the</strong> PRC <strong>and</strong> is heldby <strong>the</strong> JV Parties as at <strong>the</strong> date <strong>of</strong> this announcement;5

“JV Parties”“Lender”“Listing Rules”“Loan”“O<strong>the</strong>r Lender”“PRC”“relevant advance <strong>to</strong> an entity”“RMB”“Second Advance”“Shareholder(s)”“S<strong>to</strong>ck Exchange”Beijing Inl<strong>and</strong> Port International Logistics Co., Ltd., a 82.24% indirectly ownedsubsidiary <strong>of</strong> <strong>the</strong> Company, <strong>the</strong> Lender, <strong>the</strong> Borrower <strong>and</strong>Kerry Logistics (China) Investment Limited, a whollyowned foreign enterprises incorporated in <strong>the</strong> PRC <strong>and</strong>is a subsidiary <strong>of</strong> Kerry Holdings Limited, who hold,respectively, 20%, 32%, 24% <strong>and</strong> 24% interests <strong>of</strong> <strong>the</strong> JVCompany as at <strong>the</strong> date <strong>of</strong> this announcement;New Concord Properties Limited, a company incorporatedin Hong Kong with limited liability <strong>and</strong> an indirect whollyownedsubsidiary <strong>of</strong> <strong>the</strong> Company;The Rules Governing <strong>the</strong> Listing <strong>of</strong> Securities on <strong>the</strong> S<strong>to</strong>ckExchange;a revolving loan facility <strong>of</strong> up <strong>to</strong> <strong>the</strong> equivalent Hong Kongdollars amount <strong>of</strong> RMB34,920,000 granted by <strong>the</strong> Lender <strong>to</strong><strong>the</strong> Borrower <strong>pursuant</strong> <strong>to</strong> <strong>the</strong> Loan Agreement;BHL Investment Consulting Co., Ltd, a wholly ownedsubsidiary <strong>of</strong> <strong>the</strong> Company;<strong>the</strong> People’s Republic <strong>of</strong> China;has <strong>the</strong> meaning ascribed <strong>to</strong> it under Rule 13.11(2)(c) <strong>of</strong> <strong>the</strong>Listing Rules;Renminbi, <strong>the</strong> lawful currency <strong>of</strong> <strong>the</strong> PRC;The advance <strong>of</strong> RMB140,000,000 (equivalent <strong>to</strong>approximately HK$171,243,349), for providing funding <strong>to</strong><strong>the</strong> JV Company, made <strong>pursuant</strong> <strong>to</strong> a financing agreemententered in<strong>to</strong> between <strong>the</strong> O<strong>the</strong>r Lender <strong>and</strong> <strong>the</strong> JV Parties on14 September 2011;<strong>the</strong> shareholders <strong>of</strong> <strong>the</strong> Company;The S<strong>to</strong>ck Exchange <strong>of</strong> Hong Kong Limited;By order <strong>of</strong> <strong>the</strong> BoardBeijing Properties (Holdings) LimitedSiu Kin WaiCompany SecretaryHong Kong, 10 September 2012For <strong>the</strong> purpose <strong>of</strong> illustration in this announcement, figures in Renminbi are translated in<strong>to</strong> HongKong dollars at <strong>the</strong> approximate exchange rate <strong>of</strong> RMB0.81755 <strong>to</strong> HK$1.0000. In addition, all<strong>the</strong> English translation <strong>of</strong> <strong>the</strong> Chinese names <strong>of</strong> <strong>the</strong> companies established in <strong>the</strong> PRC is also forillustration purpose only.As at <strong>the</strong> date <strong>of</strong> this announcement, Mr. Zhou Si, Mr. Ang Keng Lam, Mr. Yu Li, Mr. Xu Taiyan, Mr.Qian Xu, Mr. Jiang Xinhao, Ms. Meng Fang, Mr. Siu Kin Wai, Mr. Yu Luning <strong>and</strong> Mr. Liu Xuehengare <strong>the</strong> Executive Direc<strong>to</strong>rs, Mr. Goh Gen Cheung, Mr. Ma Chiu Cheung, Andrew, Mr. Ng Tang Fai,Ernes<strong>to</strong>, Mr. Zhu Wuxiang <strong>and</strong> Mr. James Chan are <strong>the</strong> Independent Non-executive Direc<strong>to</strong>rs.6