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CDB Capital offers unconditional guarantee on company loan

To assist CNTD in obtaining RMB260 million loan at favorable interest rate, Guarantees development and operation of Shanghai Project

(Hong Kong and Singapore, 20 April 2015) ― China New Town Development Company Limited - the future blueprint planner and leading developer of integrated new towns in China (the "Company", "CNTD", the "Group"; HKSE: 1278.HK; SGX: D4N.SI, its ultimate controlling entity is China Development Bank Capital Corporation Ltd. ("CDB Capital"), is pleased to announce that CDB Capital provided unconditional guarantee to support the newly arranged loan of RMB 260 million at favorable interest rate by Industrial and Commercial Bank of China ("ICBC") to Shanghai Golden Luodian Development Company Limited ("Shanghai Golden Luodian"), a subsidiary of the Company.

CDB Capital is the controlling shareholder of the Company with 54.32% shareholding, and the Company is the controlling shareholder of Shanghai Golden Luodian with 72.63% shareholding. Shanghai Golden Luodian is the project company for the development of Shanghai Luodian New Town with the site area as 6.8 square kilometers. Shanghai Golden Luodian has applied for project development loan from Baoshan Branch of ICBC, among which the first batch RMB 260 million was unconditionally guaranteed by CDB Capital with 5 years term, and the annual interest rate is agreed at no higher than the benchmark PBOC rate for such tenor (currently at 5.75%). The proceeds of the loan will be used to fund primary land development and for general working capital purposes.

The spokesman of CNTD comments, "Upon the completion of share subscription, CDB Capital spares no efforts in providing comprehensive supports to the Company's development. CDB Capital expanded the Company's operating scale by strengthening the management expertise, and leveraged its nationwide business network resource, brand awareness and networks to bring systematic advantages to CNTD. In addition, CDB Capital's unconditional guarantee to assist the Company in obtaining financing at favorable cost is an effective evidence of full support to the Company's development by CDB Capital with its strong credit background."

"CNTD is the only listed platform of CDB Capital in the business segment of new urbanization. Over the year since CDB Capital's completion of shares subscription, the Company achieved great progress in its business development with the support of CDB Capital. We would like to take this opportunity to express appreciation to CDB Capital of its persistent support to the Company. Looking forward, with promised full support of our controlling shareholder, CNTD is expected to be a nationwide leading township developer and integrated operator."

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About China New Town Development Co. Ltd.
(HKSE: 1278.HK; SGX: D4N.SI)
With its new town development founded in 2002, China New Town Development Co. Ltd. was first listed on the SGX in 2007 and dual listed on HKSE in 2010. It is a company dedicated to planning and developing new town projects in the PRC. Its actual controlling shareholder is China Development Bank Capital Corporation Ltd. ("CDB Capital "). CDB Capital is a wholly owned subsidiary of China Development Bank. Its establishment was approved by the State Council. With a registered capital of RMB 47.6 billion, CDB Capital is a unique integrated investment platform covering both domestic and offshore markets. Its investments cover areas the strategic new model township developments, overseas investments, and funds. Integrated new model township development is one of the core businesses of CDB Capital. Through its unique business model, the Company forms joint ventures with local governments to develop new town projects, and participate in the full range of activities including master planning, resident relocation and resettlement, land clearing and preparation, construction of infrastructure and high quality ancillary facilities. It also introduces quality brands and leading real estate developers into the new towns it operates to enhance the long term value of the town and its land resources. It then shares part of the value enhancement upon land sales. Starting from 2002, the Company has been engaged in the development of Shanghai Luodian New Town, Wuxi Hongshan New Town and Shenyang Lixiang New Town. Among them, the Luodian New Town has entered maturity phase and received international and domestic recognition for its innovative new town design and execution. The Luodian New Town was granted the prestigious status of "United Nations Development Program Pilot Town" by the United Nations Development Program and "National Development and Reform Pilot Small Town" by the National Development and Reform Commission (NDRC). Recently, it was awarded the "EU Small Town Union - Representative Member from Asian Pacific".

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