China Real Estate Opportunities plc - Circular re Tender Offer
8th March 2010

The Company has today published a circular to Shareholders setting out details of a Tender Offer to purchase shares at £3.30 per Share (“Circular”). The Tender Offer is available to Shareholders (other than certain Overseas Shareholders) on the register as at 5.00 pm on 11 March 2010.

The Company will invite all Shareholders to tender Shares and has committed a maximum of £15 million from its own cash resources to repurchase tendered Shares. In addition, Matrix Corporate Capital LLP has been mandated by the Company to seek to procure third party investors to purchase tendered Shares in a placing at £3.30 per Share. 

If the aggregate number of Shares tendered exceeds the amount available taking account of both the Company’s participation and any amounts raised in the related placing, applications in excess of each Shareholder’s basic entitlement will be scaled back pro rata.

Real Estate Opportunities plc, which holds 8,387,940 shares in the Company, representing 16.9 per cent. of the issued shares, has undertaken to tender all of those Shares. The Directors of the Company, Treasury Holdings and John Ronan (a director of Treasury Holdings) have agreed not to participate in the Tender Offer in respect of the 18,083,917 Shares in the Company held by them in aggregate, representing 36.5 per cent. of the issued shares.

Terms used and not defined in this announcement bear the same meaning given to them in the Circular dated 8 March 2010.

Please click here to view the Circular as a PDF document
Discounted Tender Offer

China Real Estate Opportunities - Preliminary results for the twelve months ended 31 December 2009
8th March 2010

China Real Estate Opportunities plc (“CREO” or the “Company”), is an AIM-listed company established to acquire investment and development properties in China.

Highlights

• CREO’s portfolio was valued at CNY9.19 billion as at 31 December 2009
  (GBP£836.9 million), up 4% in CNY terms for the 6 months from 30 June 2009 and up 7% in sterling terms since 30 June 2009.
  
  
• European Public Real Estate net asset value per share (“EPRA NAV per share”) declined by 14% in the 12 month period from 31 December 2008 largely due to currency movements but the second half of the year saw a 7% upturn in this measure from £10.62 as at 30 June 2009 to £11.37 as at 31 December 2009.
  
  
• Rental income was stable in local currency in the period despite lower average occupancy across the portfolio as the Company continued to achieve average rental uplifts of up to 5% on a square metre basis.
  
  
• Significant progress was made against the Company’s strategic objectives to
  refinance investment assets and strengthen its capital position through the disposal of non-core holdings:

  - A multi-currency three year loan equivalent to £27.72 million on improved terms was agreed for the refinancing of Treasury Building

  - The Company completed the sale of its effective 5% minority stake in the City Center 5 Development, for £8.6 million in June 2009. This represents an 8.6% premium to the most recent published valuation in local currency as at 31
  December 2008.

  - Between November 2009 and February 2010 the Company disposed of its entire holding in RREEF, a Hong-Kong listed REIT for HKD118.28 million (£10.18m based on current exchange rates), a return of 36.9% on our original
  investment in HKD terms.

  - The Company disposed of its 50% stake in the Tangdao Bay Development based on a property value of RMB1.389bn representing a 10.9% premium to the most recent independent valuation in June 2009. Net cash proceeds from
  the transaction amount to £35.6 million at today’s exchange rates and will be received upon the completion of the standard regulatory procedures for the offshore repatriation of proceeds of domestic asset sales.

• Including proceeds from the Tangdao Bay disposal, cash holdings as at 31 December 2009 were just over £80 million.
  
  
• The Company has made a non-binding submission to the Singapore Exchange (“SGX”) to secure approval for admission to Singapore’s internationally recognised main board as a Business Trust so as to position the Company closer to its asset base and potentially re-rate the shares in line with CREO’s peer group listed in Asia. Conversion to a Singapore Business Trust, which would be subject to shareholder approval, would result in the Company being delisted from AIM.
  
  
• The Company has today published a circular to shareholders setting out the details of a Tender Offer to purchase shares at £3.30 per Share. The Company has invited all shareholders to tender shares and has committed a maximum of £15 million from its own cash resources to repurchase tendered shares. The closing date for the tender is on Monday, March 22 2010. Real Estate Opportunities plc, a 16.9% shareholder of CREO, has irrevocably undertaken to tender its shares.
  
  
• In addition, Matrix Corporate Capital LLP has been mandated by the Company to seek to procure third party investors to purchase tendered shares in a placing at £3.30 per share.

Ray Horney, Chairman of CREO, commented:
“2009 has been an important year as the Company successfully applied its asset management expertise to deliver strong results in a competitive market whilst also positioning the Company for the future. Important milestones were reached such as the refinancing of the Treasury Building and the sale of the non-core stake in Tangdao Bay. The financial position of the Company has been considerably strengthened and the Board remains confident about the outlook for the Company”

Please click here to view the results as a PDF document
Preliminay results for the twelve months ended 31 December 2009

China Real Estate Opportunities plc - Pre-Close Trading Update
5th February 2010

China Real Estate Opportunities plc (the “Company”), one of the leading Chinese property companies quoted on the AIM market of the London Stock Exchange, has issued the following trading update in advance of the release of its annual results for the 12 month period ended 31 December 2009.

Property Portfolio Valuation as at 31 December 2009

The Board is pleased to announce that as at 31 December 2009 the aggregate gross value of the portfolio, as determined by an independent valuation carried out by DTZ Debenham Tie Leung in accordance with RICS standards, was RMB9.188 billion (equivalent to £837 million at the closing exchange rate of RMB10.98:£1 as at 31 December 2009). These valuations are broken down as follows:

These valuations, which are based on fair values in accordance with the Company’s normal accounting policies, represent an increase of 4% in local currency terms (7.35% in sterling terms) since the 30 June 2009 valuation of RMB8.834 billion (equivalent to £780 million at the then prevailing exchange rate of RMB11.25:£1). These amounts exclude the recent disposal of the Company’s interest in the Tangdao Bay property, the proceeds of which will be received upon completion of the standard PRC regulatory procedures for the offshore repatriation of proceeds of domestic asset sales.

Trading Update
The year just ended proved to be a challenging year on the office leasing front with vacancy rates in Shanghai peaking at 14.2% in Q1 and reducing to 11.4% by year end. The retail sector however, continued to perform strongly, aided by the resurgence of the Chinese consumer.

The property portfolio witnessed 212 lease expiries during the year, representing more than 50% of its entire tenancy base. Approximately 55% of these leases were renewed, whilst a further 15% were moved out of the Central Plaza property as part of the refurbishment and re-positioning program. Sixty new tenants, amounting to 28% of lease expiries, entered into leases including Metlife Insurance, Prudential Insurance and Johnson & Johnson. Overall, this resulted in portfolio occupancy (excluding space under refurbishment) at 31 December 2009 of 85%, (office 79%; retail 97%) representing a reduction of 6% over 31 December 2008 but translated into increases in gross rental income on a per square metre basis as follows:

As previously reported, during the year, two disposals have been made at premia to the values at which they had been included in the financial statements. These were the 5% interest in City Centre 5, disposed of in June 2009 for an 8.9% premium over the valuation at 31 December 2008 and the 50% interest in Tangdao Bay, disposed of in January 2010 for a 10.9% premium over the valuation at 30 June 2009. In addition, the disposal in November 2009 of approximately 60% of the Company’s shareholding in RREEF China Commercial Trust, a Hong Kong listed entity, generated a 20% return on acquisition price.

Including the proceeds from the Tangdao Bay disposal, the Company’s cash holdings at 31 December 2009 would have amounted to approximately £75 million.

The Company also made significant progress in the first phase of its refinancing programme with the completion of a loan facility with CITIC Ka Wah Bank in December 2009. This replaced, on improved terms, the existing loan with Credit Suisse in respect of the Treasury Building in Shanghai, which had been due to expire in March 2010. From discussions taking place, the Company remains confident that significant interest remains from a number of local and regional banks to fulfill the Company’s refinancing requirements in 2010.

Asian listing
Despite this strong performance in a difficult global environment, the Company’s shares continue to trade at a significant discount to net asset value. With a view to narrowing the gap, the Board, with its advisers, has been considering for some time a number of options intended to widen the universe of potential shareholders, including obtaining a listing for the Company on a recognised stock exchange in Asia, so as to deliver the following potential benefits:

• Positioning the company closer to its asset base
• Strong regional appreciation for Chinese real estate companies which in the main trade at a very low discount or slight premium to NAV
• Ability to participate in the strong capital flows experienced in Asia, which have exceeded USD8.8 billion for the property sector on the Hong Kong and Singapore exchanges alone in the past 6 months

More specifically, the Board has identified Singapore as its preferred listing location and a “Business Trust” structure under Singapore law as the likely structure, and subject to ongoing communication with shareholders and the relevant regulators, the Company intends to proceed with this proposal within the next 6 months.

Singapore Business Trusts provide greater operational and investment flexibility than Real Estate Investment Trusts with regard to matters such as development limits and levels of gearing. This flexibility should enable CREO to deliver stronger growth and higher accretive earnings than its peer group.

The Company intends to engage with its shareholders to elicit their feedback on this proposal, which is at an advanced exploratory stage.

Tender Offer
The Company expects to receive the sales proceeds from its disposal of Tangdao Bay upon completion of the standard PRC regulatory procedures for the offshore repatriation of proceeds of domestic asset sales and CREO will make a further announcement regarding the proposed tender offer in due course. 

China Real Estate Opportunities plc - Disposal of Tangdao Bay investment at 10.9% premium to independent valuation
18th January 2010

China Real Estate Opportunities plc (“CREO” or the “Company”), an AIM listed property company with an established investment and development property portfolio in China, today announces that it has executed an unconditional contract to dispose of its 50% interest in the Tangdao Bay joint venture development.

CREO’s 50% interest in the joint venture has been sold to its partner in the project, SIIC Shanghai Holdings Company (“SIIC”). The sale price was based on a property value of RMB1.389bn representing a 10.9% premium to the most recent independent valuation in June 2009. Net cash proceeds from the transaction amount to £33.8 million at today’s exchange rates with no borrowings to be repaid from the sale proceeds and will be received upon the completion of the standard PRC regulatory procedures for the offshore repatriation of proceeds of domestic asset sales.

The sale price reinforces CREO’s reported NAV, and follows on from the June 2009 disposal of CREO’s interest in the City Centre 5 development at an 8.9% premium to the independent valuation of 31 December 2008.

Furthermore the Company announces that due to the contracted disposal of Tangdao Bay, it has decided not to proceed with the issuance of zero dividend preference shares. In November 2009 the Company announced it was considering such an issuance to facilitate the repurchase of the Company’s own ordinary shares which are trading at a significant discount to net asset value. Accordingly the Company proposes to commit up to £15 million from its cash resources to fund a tender offer for its own shares upon receipt of the Tangdao Bay sale proceeds.

At the same time the Company continues to work with its advisers to generate third party demand for its shares.

Commenting, Ray Horney, CREO Chairman said: “The CREO Board is very pleased to announce the execution of an unconditional contract for the disposal of its 50% ownership of the Tangdao Bay development, reinforcing the strength of CREO’s balance sheet and underpinning its published net asset value as this sale represents the second asset disposal in the past 6 months above independent valuation. This transaction reinforces the Company’s strategy of focussing on its core investment and development assets, particularly in Shanghai, and will further strengthen the Company’s cash position and provide a strong platform for the Company to move forward in 2010 and beyond.”

“This sale is timely and as such it is appropriate for the Company to cancel the zero dividend preference share issue and propose the allocation of a prudent sum from its own cash reserves to underwrite its earlier commitment to a repurchase of the Company’s own shares.”

China Real Estate Opportunities plc obtains refinancing for Shanghai’s Treasury Building plc
10th December 2009

China Real Estate Opportunities plc (“CREO” or the “Company”), is pleased to announce the completion of a loan facility for a multi-currency three year loan equivalent to £27.72 million (US$37.8 million offshore loan plus RMB50 million onshore), based on current exchange rates, with CITIC Ka Wah Bank in Hong Kong. This new loan facility, the terms of which were previously announced in August 2009, will replace the existing €18.8 million and RMB97 million loan (equivalent to £25.80 million) CREO has in regard to the Treasury Building in Shanghai with Credit Suisse which was due to expire in March 2010.

Under the final terms, CREO will benefit from significantly lower interest costs as the new loan facility reflects an interest rate of 3.50% over the designated base rate for the foreign currency component and a total interest rate of 6.37% for the RMB portion. The blended rate currently equates to approximately 4.20% per annum compared to the average cost of funds of more than 6.75% for the current loan.

China Real Estate Opportunities plc
30th November 2009

Richard Pirouet, a non-executive director of China Real Estate Opportunities plc (the “Company”) (AIM: CREO), is also non-executive director of K2 Corporation Limited and K2 (USA) LLC. In accordance with Rule 17 and Schedule 2(g) of the AIM Rules, the Company announces that it has been notified that K2 Corporation Limited and K2 (USA) LLC were placed into administrative receivership on 29 September 2009.

China Real Estate Opportunities plc
25th November 2009

Ray Horney, Chairman of China Real Estate Opportunities plc (the ”Company”) (AIM: CREO), is also non-executive chairman of Rayford Homes Limited. In accordance with Rule 17 and Schedule 2(g) of the AIM Rules, the Company announces that it has been notified that Rayford Homes Limited was placed into administrative receivership on 18 November 2009.

China Real Estate Opportunities plc - Proposed issue of zero dividend preference shares
25th November 2009

China Real Estate Opportunities plc, announces that it is considering an issue of new zero dividend preference shares. Should the issue proceed, it would not be underwritten and the funds raised would be used to facilitate the repurchase of the Company’s own ordinary shares.

China Real Estate Opportunities plc - Disposal of interest in RREEF CCT
20th November 2009

China Real Estate Opportunities plc (the ”Company”) (AIM: CREO) announces that it has disposed of a further 5,726,000 units (1.23%) in RREEF China Commercial Trust (”RREEF CCT”), a Hong Kong listed Real Estate Investment Trust, at an average price of HKD3.00 per unit, through on-market sales. Following these sales, the Company has a holding of 22,090,000 units (4.76%) in RREEF CCT

China Real Estate Opportunities plc - Disposal of interest in RREEF CCT
12th November 2009

China Real Estate Opportunities plc (the "Company") (AIM: CREO) announces that it has disposed of a further 4,603,000 units (0.99%) in RREEF China Commercial Trust (“RREEF CCT”), a Hong Kong listed Real Estate Investment Trust, at an average price of HKD2.99 per unit, through on-market sales. Following these sales, the Company has a holding of 27,816,000 units (5.99%) in RREEF CCT.

China Real Estate Opportunities plc - Disposal of interest in RREEF CCT
5th November 2009

China Real Estate Opportunities plc (the "Company") (AIM: CREO) announces that it has disposed of 1,052,000 units (0.23%) in RREEF China Commercial Trust (“RREEF CCT”), a Hong Kong listed Real Estate Investment Trust, at an average price of HKD2.98 per unit, through on-market sales. Following these sales, the Company has a holding of 32,419,000 units (6.98%) in RREEF CCT.

China Real Estate Opportunities - Interim Results For
The Six Month Ended 30 June 2009
25th August 2009

China Real Estate Opportunities plc (“CREO” or the “Company”), is an AIM-listed company established to acquire investment and development properties in China.

Highlights

• CREO portfolio was valued at CNY9.47 billion (GBP£835.9 million), down 6.2% in CNY terms for the 6 months to 30 June 2009. 

• The investment property portfolio, represented by City Centre, Central Plaza and Treasury Building declined only 1.2% on an aggregated basis in CNY terms.

• This has resulted in a 9% year-on-year uplift in the European Public Real Estate net asset value per share (“EPRA NAV per share”) from £9.74 as at 30 June 2008 to £10.62 as at 30 June 2009, and a decline of 20% for the six month period since 31 December 2008. Three quarters of the 20% decline is the result of the strength in sterling during the period.

• Rental income was stable in local currency in the period despite lower average occupancy across the portfolio as the Company continues to achieve average rental uplifts of up to 16% on a square metre basis.

• Since the period end, credit approval has been received for a £26.6 million five year loan with the Industrial and Commercial Bank of China (ICBC) for the refinancing of Treasury Building.

• CREO’s effective 5% minority stake in the City Centre 5 Development was successfully disposed of for CNY95 million (GBP£8.6 million), representing an 8.6% premium to valuation as at 31 December 2008.

Please click here to view the results as a PDF document
Interim Management Report For The Six Month Period To 30 June 2009

China Real Estate Opportunities plc - Board changes
18th August 2009

Further to the announcement made on 29 June 2009, China Real Estate Opportunities plc (‘”CREO” or the “Company”) announces that following completion of their enquiries, the Jersey regulator has confirmed that they have no objection to the appointment of Mr David as a director of the Company.

China Real Estate Opportunities plc - Treasury Building Refinance
4th August 2009

China Real Estate Opportunities plc (“CREO” or the “Company”) is pleased to announce that terms have been agreed and credit approval received for a multi-currency five year loan facility equivalent to £26.6 million (based on current exchange rates) with the Industrial and Commercial Bank of China (ICBC).

This facility will refinance the existing €18.8 million and RMB97 million loan CREO has with Credit Suisse in regard to the Treasury Building Shanghai which expires in March 2010. It is expected that this transaction will be completed by October 2009. Under the approved terms, CREO will benefit from approximately £2 million of increased liquidity, subject to the exchange rates prevailing at the date of the refinance, as the principal amount of the ICBC facility exceeds the existing Credit Suisse loan. In addition, the interest cost on this loan facility will be reduced by approximately £200,000 per annum, representing a 15% saving, based on the current 3 year London Interbank Offer Rate (LIBOR), when compared to the terms of the current loan.

Ray Horney, CREO Chairman commented, “I am most encouraged that credit approval has been received for the refinancing of the Treasury Building well ahead of the expiry of the current loan, as this provides confidence that progress can be made in relation to CREO’s later refinancings. The Company is developing strong relationships with Chinese banks and the Company’s ability to secure additional funding and to extend the term of the debt facility further demonstrates the high quality, resilient nature of the Company’s assets”

China Real Estate Opportunities plc - Block Listing 6 monthly review
6th July 2009

China Real Estate Opportunities plc - Directors / PDMR Shareholding
1st July 2009

In accordance with Rule 17 of the AIM Rules, China Real Estate Opportunities plc ("CREO" or the "Company") announces that on 30 June 2009 it was notified by Stuart Leckie, a director of the Company, that he had purchased 80,000 ordinary shares of no par value in the Company at a price of 268.1875p per share. This purchase represents 0.16 per cent of the issued share capital of the Company.

Following the share purchase, Mr Leckie has an interest in 80,000 ordinary no par value shares representing 0.16 per cent of the issued share capital of the Company.

China Real Estate Opportunities plc - Board Changes
29th June 2009

China Real Estate Opportunities plc (‘”CREO” or the “Company”) announces the appointment of Richard Anthony David to the Board. Mr David, aged 46, is Managing Director of Treasury Holdings China Limited and based in Shanghai. He has worked in the real estate industry since 1981 and been based in China since 1999. He joined Treasury Holdings China Limited in August 2007 having previously been Head of China Real Estate for Macquarie Bank Limited of Australia.

The Directors would also like to announce that Mr Robert Tincknell, a non-executive Director of the Company, has resigned from the Board to take up a Directorship with Real Estate Opportunities plc (“REO”). Mr Tincknell was previously based in Shanghai and held the position of Managing Director in Treasury Holdings China Limited until early 2008 when he returned to the UK to take up the position of Managing Director of Treasury Holdings UK assuming operational responsibility for the UK activities of REO.

As with all appointments to the board of the Company, Mr David’s appointment is subject to consent from the Jersey Regulator.  Having regard to the residence of the Directors and the location of the Company's business and assets, The Panel on Takeovers and Mergers has confirmed that, upon Mr David's appointment becoming unconditional, it would no longer regard the Company as one to which the City Code on Takeovers and Mergers would apply. 

Ray Horney, Chairman of CREO, commented:

“I would like to thank Rob for his contribution to the Company since its launch and welcome the appointment of Richard to the Board.”

Details of Mr David’s directorships in the last five years and current directorships are detailed below:

China Real Estate Opportunities plc - Disposal of minority stake
24th June 2009

China Real Estate Opportunities plc (“CREO” or the “Company”), an AIM listed property company with an established investment and development property portfolio in China, today announces that it has completed the sale of its effective 5% minority stake in the City Center 5 Development, the luxury retail and office development project in Shanghai, to existing shareholder Sociedade de Turismo e Diversoes de Macau SA (“STDM”), for CNY95 million. This represents an 8.6% premium to the latest published valuation in local currency as at 31 December 2008.

CREO held a direct 10% interest in Loyal Ally Investments Limited (“LAI”), which equated to a 5% interest in the development project company, Lux China Development Company Limited which is the 50:50 joint venture company established by LAI and a subsidiary of Louis Vuitton, Giminvest, for the purpose of developing the City Center Development site. After the purchase of CREO’s 10% interest, STDM now holds 100% of LAI.

Commenting, Ray Horney, CREO Chairman said: “The CREO Board is very pleased with the successful execution of the sale of its minority position in the City Center 5 development at a premium to valuation, particularly in current market conditions, and it highlights both the strength and quality of the portfolio and the Company’s continued focus on leveraging value from its core investment and development assets.”

China Real Estate Opportunities plc - Amendments to Investment Management Agreement
10th June 2009

The Board of China Real Estate Opportunities plc announces that, following a review of the investment advisory agreement, dated 25 June 2007, between the Company and Treasury Holdings China Limited (the “Investment Manager”), the following amendments to the terms of that agreement have been agreed. These changes will eliminate from any future performance fee calculation (i) any increase in the value of RMB against Sterling; and (ii) any increase in net asset value per share arising from the Company repurchasing its shares. For the purposes of calculating any future entitlement to performance fees:

1. the European Public Real Estate Association net asset value at the end of each financial period will be restated in RMB. The payment of a performance fee remains subject to a high water mark which will initially be determined by reference to the Company’s net assets as at 31 December 2008 expressed in RMB at the exchange rate prevailing on that date;
2. if the Company repurchases its own shares during any relevant period, the net asset value per share at the end of that period will be adjusted so as to eliminate the impact of the share repurchases on net asset value per share.

At the same time as agreeing the above the Board has taken the opportunity to tie the Investment Manager to the contract for a further two years so that, except in certain specified circumstances, the earliest date on which notice may be given will be in July 2012.

These amendments are effective from 1 January 2009.  The other terms of the investment advisory agreement remain unchanged.

China Real Estate Opportunities plc - Result of Annual General Meeting
10th June 2009

China Real Estate Opportunities plc - Publication of Financial Accounts
23rd April 2009

China Real Estate Opportunities plc - Significant shareholder notification
20th April 2009

China Real Estate Opportunities plc - Issue of equity
9th April 2009

The Board of China Real Estate Opportunities plc (the "Company") (AIM: CREO) announces that 2,264,166 new ordinary shares of no par value are to be issued to Treasury Holdings China Limited (“THCL”), being the equity element of the performance fee for the year end 31 December 2008. An application has been made to the London Stock Exchange for the admission to AIM of those shares on 15 April 2009.

Following this issue of shares, the total number of shares in issue will be 49,527,204.

THCL and other related shareholders are deemed to be acting in concert for the purposes of the City Code on Take-overs and Mergers. Following the issue of these shares the aggregate shareholdings of those parties amounts to 28,238,150 ordinary shares representing 57.01% of the enlarged share capital of the Company. Shareholders have previously approved a waiver granted by the Panel on Take-overs and Mergers of any requirement under rule 9 of the Take-over Code for the parties acting in concert to make a bid for the Company.

China Real Estate Opportunities plc - Notifiable interest in securities
3rd April 2009

The Board of China Real Estate Opportunities plc ("CREO" or the "Company") announces that on 2 April 2009, the Company was notified by Treasury Holdings (which is owned as to 50 per cent. by Richard Barrett, a director and significant shareholder of the Company, and as to 50 per cent. by John Ronan, a significant shareholder of the Company) that the following transactions have been undertaken in the ordinary shares of the Company.

1. Treasury Holdings has disposed of 661,000 ordinary shares to Treasury Properties Limited.
2. Treasury Holdings has disposed of 2,000,000 ordinary shares to Jasbay Properties Limited.
3. 420,653 ordinary shares held by Treasury Holdings in trust for Treasury Holdings China Limited have been transferred to Treasury Holdings China Limited.
4. Treasury Holdings China Limited has disposed of 420,653 ordinary shares to Treasury Properties Limited.

In addition the Company was notified on 2 April 2009 by Real Estate Opportunities Limited that they have disposed of 8,387,941 ordinary shares, in equal amounts, to four wholly owned subsidiaries being Real Estate Opportunities Holdings Limited, REO (CREO Holdings) No.1 Limited, REO (CREO Holdings) No.2 Limited and REO (CREO Holdings) No.3 Limited.

All the above transactions were undertaken at a price of £2.175 per ordinary share.

There is no change in the ultimate beneficial ownership of these ordinary shares. The Concert Party (as defined in the Notice of Extraordinary General Meeting) remain interested in 25,973,984 ordinary shares, representing 54.96 per cent of the Company's issued share capital.

China Real Estate Opportunities plc
1st April 2009

China Real Estate Opportunities - Directors / PDMR Shareholding
23rd March 2009

In accordance with Rule 17 of the AIM Rules, China Real Estate Opportunities plc ("CREO" or the "Company") announces that on 23 March 2009 it was notified by Richard Pirouet, a director of the Company, that on 20 March 2009 KB (C.I.) Nominees Limited, acting as nominee for two companies owned by Mr Pirouet and members of his family, purchased 11,780 ordinary shares of no par value in the Company at a price of 215p per share. This purchase represents 0.02 per cent of the issued share capital of the Company.

Following the share purchase, Mr Pirouet has an interest in 25,000 ordinary no par value shares representing 0.05 per cent of the issued share capital of the Company.

China Real Estate Opportunities - Final Results for the year to 31 December 2008
19th March 2009

China Real Estate Opportunities plc (“CREO” or the “Company”), an AIM-listed company established to acquire investment and development properties in China, today announces its final results for the year to 31 December 2008.

Highlights

• Period end independent valuations show an aggregate gross value for the portfolio in excess of £1,022 million at 31 December 2008, an increase of over 61 per cent year on year.

• Diluted EPRA net asset value per share of £13.24, which represents an increase of 59 per cent year on year and 36 per cent since 30 June 2008.

• Valuations of investment property and properties under development, after capitalised costs, increased by 6 per cent year on year, reaffirming the strength and continued growth of the CREO property portfolio.

• Gross rental income increased by 23 per cent year on year while average occupancy in the CREO portfolio was 92 per cent.

Ray Horney, Chairman of CREO, commented:
“The Board is pleased with the robust performance by the Company across its portfolio despite external economic challenges which will undoubtedly continue throughout 2009.  The CREO portfolio is well rented, whilst finance costs are well controlled and cash is being tightly managed to secure future working capital needs. We face the future with cautious optimism.”

China Real Estate Opportunities plc
22nd January 2009

China Real Estate Opportunities plc (the "Company") (AIM: CREO) announces that following the FSA announcement on 9 January 2009 relating to DTR 3.1.2 which clarified that issuers should disclose to the market details of security over shares in an issuer granted by directors and their connected persons, the following persons have granted security over shares in the Company.

Ray Horney, the Chairman, has pledged 2,750,000 shares as part collateral for loans entered into on 6 July 2007 and 18 January 2008.

Richard Barrett, a director, has pledged 3,064,189 shares as collateral for loans entered into on 21 June 2007 and 18 December 2007.

Treasury Holdings, a significant shareholder of the Company which is owned as to 50 per cent. by Richard Barrett, has pledged 661,000 shares as collateral for a loan entered into on 26 June 2007.

Rory Williams, a director, has pledged 80,000 shares as collateral for a loan entered into on 21 June 2007.

Rob Tincknell, a director, has pledged 321,171 shares as collateral for loans entered into on 21 June 2007 and 18 October 2007.

China Real Estate Opportunities plc - Significant shareholder notification
20th January 2009

China Real Estate Opportunities plc (the "Company") has received notification from Davycrest Nominees, by letter dated 19 January 2009, that their interest in the Company has increased to 1,523,584 ordinary shares which represents 3.22% of the Company’s issued share capital.

China Real Estate Opportunities plc - Transaction in own securities
16th January 2009

The Board of China Real Estate Opportunities plc ("CREO" or the "Company") announces that on 15 January 2009, the Company purchased 340,000 of its own ordinary shares of no par value at a price of 211p per share for cancellation.

The purchase represents 0.71 per cent of the shares in issue and is pursuant to the resolutions passed at an Extraordinary General Meeting of the Company held on 3 December 2008.

The Concert Party (as defined in the Notice of Extraordinary General Meeting) is interested in 25,973,984 ordinary shares, representing 54.96 per cent of the Company’s revised issued share capital.

The purchase and cancellation will reduce the number of shares in issue to 47,263,038.

China Real Estate Opportunities plc - Notifiable interest in securities
15th January 2009

The Board of China Real Estate Opportunities plc ("CREO" or the "Company") announces that on 14 January 2009, the Company was notified that Treasury Holdings (which is owned as to 50 per cent. by Richard Barrett, a director and significant shareholder of the Company, and as to 50 per cent. by John Ronan, a significant shareholder of the Company) purchased, on that day, 2,000,000 shares in the Company at a price of 205p per share. This purchase represents 4.2 per cent of the issued share capital of the Company as reduced by the buy back of 100,000 shares announced earlier today. Following the purchase, Treasury Holdings holds 3,081,653 shares, representing 6.5 per cent of the issued share capital of the Company.

Further to the above transaction and the buyback of 100,000 shares announced earlier today, the Concert Party (as defined in the circular to shareholders dated 10 November 2008) is interested in 25,973,984 shares, representing 54.6 per cent. of the Company’s issued share capital. No individual member of the Concert Party has increased his individual percentage interest in the Company through or between a Rule 9 threshold for the purposes of the Takeover Code.

China Real Estate Opportunities plc - Transaction in own securities
15th January 2009

The Board of China Real Estate Opportunities plc ("CREO" or the "Company") announces that on 14 January 2009, the Company purchased 100,000 of its own ordinary shares of no par value at a price of 205p per share for cancellation.

The purchase represents 0.21 per cent. of the shares in issue and is pursuant to the resolutions passed at an Extraordinary General Meeting of the Company held on 3 December 2008.

The Concert Party (as defined in the Notice of Extraordinary General Meeting) is interested in 23,973,984 ordinary shares, representing 50.36 per cent. of the Company’s revised issued share capital.

The purchase and cancellation will reduce the number of shares in issue to 47,603,038.

China Real Estate Opportunities plc - Call Option Agreement
13th January 2009, Hong Kong

The Board of China Real Estate Opportunities plc (“CREO”), an AIM listed property company with an established investment and development portfolio in China, announces that it has decided not to proceed to exercise its option to acquire a 25.65% stake in RREEF China Commercial Trust (“RREEF CCT”), a Hong Kong-listed Real Estate Investment Trust (“REIT”).

China Real Estate Opportunities plc - Significant shareholder notification
5th January 2009

China Real Estate Opportunities plc (the "Company") has received notification from Societe Generale Option Europe, by letter dated 31 December 2008, that their interest in the Company has reduced to 1,023,500 ordinary shares which represents 2.15% of the Company’s issued share capital.

China Real Estate Opportunities plc- Significant shareholder notification
5th January 2009

China Real Estate Opportunities plc (the "Company") has received notification from QVT Financial LP, by letter dated 31 December 2008, as investment manager for QVT Fund LP, Quintessence Fund LP, and an account managed for Deutsche Bank AG London, that their interest in the Company has reduced to 695,000 ordinary shares which represents 1.46% of the Company’s issued share capital.

China Real Estate Opportunities plc - Block Listing 6 monthly review
2nd January 2009

China Real Estate Opportunities plc - Transaction in own securities
31st December 2008

The Board of China Real Estate Opportunities plc ("CREO" or the "Company") announces that on 30 December 2008, the Company purchased 2,500,000 of its own ordinary shares of no par value at a price of 205p per share for cancellation.

The purchase represents 4.98 per cent. of the shares in issue and is pursuant to the resolutions passed at an Extraordinary General Meeting of the Company held on 3 December 2008.

The Concert Party (as defined in the Notice of Extraordinary General Meeting) is interested in 23,976,653 ordinary shares, representing 50.26 per cent. of the Company’s revised issued share capital.

The purchase and cancellation will reduce the number of shares in issue to 47,703,038.

China Real Estate Opportunities plc - Transaction in own securities
19th December 2008

The Board of China Real Estate Opportunities plc (“CREO” or “the Company”) announces that on 19 December 2008, the Company purchased 1,000,000 of its own ordinary shares of nil par value at a price of 205p per share for cancellation.

The purchase represents 1.95 per cent. of the shares in issue and is pursuant to the resolutions passed at an Extraordinary General Meeting of the Company held on 3 December 2008.

The Concert Party (as defined in the Notice of the Extraordinary General Meeting) is interested in 23,976,653 ordinary shares, representing 47.76 per cent. of the Company's revised issued share capital.

The purchase and cancellation will reduce the number of shares in issue to 50,203,038.

China Real Estate Opportunities plc - CREO-Xinhua Community Care Program Launch
11th December 2008; Shanghai

Under the terms of the agreement signed by the parties today, the CREO Foundation, via its partnership with the SCF, the CREO-SCF Special Fund for Children, will contribute RMB 120,000 over the next two years for the implementation of the CREO-Xinhua Community Care Program, which includes the provision of scholarships, relief grants and rehabilitation subsidies to children from poor families or who have disabilities or suffer from serious medical conditions, as well as the provision of financial assistance to the Xinhua Community to support for the activities and programs that it arranges for the benefit of disabled children.

During the ceremony, Mr. Richard David, Managing Director of Treasury Holdings China Limited and Ms. Kitty Xia, Executive Deputy Secretary-General of SCF, both of whom are Vice Chairs of the CREO-SCF Special Fund for Children, presented the grants to the first group of disadvantaged children, together with Mr. Jia Wei, Secretary of the Xinhua Community CPC Working Committee and Mr. Li Shiliang, Director of the Xinhua Community Council. Mr. Yuan Cai, Vice President of Shanghai Charity Foundation, Mr. Lu Jiye, Deputy Mayor of Changning District, and Mr. Robert Kellaghan, Attaché of the Irish Consulate-General in Shanghai officiated at the ceremony.

The CREO-Xinhua Community Care Program will be implemented through the CREO-SCF Special Fund for Children. This is the third initiative of the CREO-SCF Special Fund, following a grant in August to provide equipment and set up a classroom in Shanghai’s Huangpu District, and the donation of education scholarships for high-performing primary and middle school students from poor families in Beijing’s Shunyi District in November.

Since its establishment last year, the CREO Foundation has made, committed, and helped to raise donations totaling over RMB 2 million for charitable activities and programs in Shanghai and other Chinese cities, to assist with the education and welfare of both able and disabled children, the enrichment of lives and enhancement of the prospects of orphaned children living in the social welfare institutions, as well as the relief and recovery efforts in Sichuan in the aftermath of the earthquake devastation earlier this year.

About CREO
CREO was listed on the AIM market in London on 11th July 2007 under ticker symbol CREO, having successfully raised £259 million. Harnessing the intimate local market knowledge and key relationships that Treasury Holdings has been able to develop through its presence in China since 2002, CREO's principal objective is to maximise capital growth from a portfolio of properties in China. The projects will all incorporate high quality design, specifications, and finishes synonymous with Treasury Holdings.
www.china-reo.com
www.treasuryholdings.com

About CREO Foundation for the Children of China
Established in 2007 by the China Real Estate Opportunities Limited (CREO), the CREO Foundation for the Children of China (CREO Foundation) is a charitable organization aiming specially to aid and support the education and welfare of underprivileged and needy children in China. CREO is an AIM listed company managed by Treasury Holdings Limited, the largest and most successful property company in Ireland, through its wholly owned subsidiary, Treasury Holdings China Limited. CREO’s investment portfolio in Shanghai includes its Treasury Building and City Centre assets in the Changning District, of which the Treasury Building is situated in the Xinhua Community. CREO is committed to the contribution of funding to the CREO Foundation on a long-term basis, recognizing that as an important part of its corporate social responsibility program. Funded by the CREO Foundation, the CREO-SCF Special Fund for Children is a partnership with the Shanghai Charity Foundation (SCF), which serves as a major platform for the CREO Foundation’s charitable activities in China.

China Real Estate Opportunities plc - Appointment of Nomad & Joint Broker
9th December 2008

China Real Estate Opportunities plc (the “Company”) is pleased to announce that Matrix Corporate Capital LLP has been appointed as Nominated Adviser and joint broker to the Company with Davy.

China Real Estate Opportunities plc - Grant of options
8th December 2008

The Board of China Real Estate Opportunities plc ("CREO" or the "Company") is pleased to announce that each of the conditions to the grant of 532,000 share options, referred to in the circular to shareholders dated 10 November 2008 (the “Circular”), have been met. The options have been granted to employees of Treasury Holdings China Limited, the Company’s investment manager, with 500,000 share options with an exercise price of £6.35, 30,000 previously granted share options with an exercise price of £8.065 and 2,000 previously granted share options with an exercise price of £7.56.

The Concert Party is currently interested in 23,976,653 ordinary shares representing 46.83 per cent. of the Company’s issued share capital. On the basis of the Option Assumptions (as defined in the Circular), the maximum shareholding of the Concert Party (as defined in the Circular) would be 26,074,453 ordinary shares representing 48.92 per cent. of the Company’s issued share capital.

China Real Estate Opportunities plc - Result of Extraordinary General Meeting
3rd December 2008

The Board of China Real Estate Opportunities Limited (“CREO” or the “Company”) is pleased to announce that all resolutions put to the shareholders at the Extraordinary General Meeting held today (3 December 2008) were passed.

Full details of these proposals were set out in a circular to shareholders dated 10 November 2008, a copy of which can be found on the Company’s website www.chinareo.com

Resolution number one related to the change of name of the Company. Following the approval by shareholders of this resolution, the Company’s name shall change, with effect from today, to China Real Estate Opportunities plc.

China Real Estate Opportunities Limited - CREO acquires 7.21% in RREEF CCT
26th November 2008, Hong Kong

China Real Estate Opportunities (“CREO or the “Company”), an AIM listed property company with an established investment and development portfolio in China, today announced it has acquired 33,471,000 units (7.21%) in RREEF China Commercial Trust (“RREEF CCT”), a Hong Kong listed Real Estate Investment Trust (“REIT”), at an average price of HKD2.58 per share, through on-market purchases. This acquisition follows CREO’s recent announcement that it had entered into a call option agreement to acquire a 25.65% stake or 119,043,500 units in RREEF CCT to be exercised on 12 January 2009.

China Real Estate Opportunities Limited - Appointment of Joint Broker
26th November 2008

China Real Estate Opportunities Limited (the “Company”) is pleased to announce that Matrix Corporate Capital LLP has been appointed as joint broker to the Company with immediate effect.

China Real Estate Opportunities Limited -
CREO ANNOUNCES CALL OPTION IN RREEF CHINA COMMERICIAL TRUST
21st November 2008, Hong Kong

China Real Estate Opportunities Limited (“CREO” or the “Company”), an AIM listed property company with an established investment and development portfolio in China today announced that it had entered into a call option agreement to acquire a 25.65% stake or 119,043,500 units in RREEF China Commercial Trust (“RREEF CCT”), a Hong Kong-listed Real Estate Investment Trust (“REIT”), to be exercised on 12 January 2009 at a cost of HKD 387 million (£33.6 million).

RREEF CCT listed on the Hong Kong Stock Exchange on 22 June 2007 and currently owns an international grade A office and retail complex in the Chaoyang District of Beijing.  The property, Beijing Gateway Plaza, is a strongly performing commercial real estate asset of approximately 130,000 square metres, with occupancy of over 95%, and is entirely consistent with CREO’s long-term investment and operating philosophy. 
RREEF CCT is managed by RREEF China Reit Management Limited, which is owned by RREEF Alternative Investments through Deutsche Bank Asia Pacific.  

As at June 2008, RREEF CCT had a net asset value (NAV) of HKD6.04 per share, whilst the individual asset had a gross property value of HKD8.56 per share (HKD3.99 billion, £347.0 million). An interim dividend of HKD18.63 cents per share was paid in June 2008.  Based on the share price of HKD1.880 on 20 November 2008, RREEF CCT had a market capitalisation of HKD873 million (£75.9 million).

CREO has secured the call option at HKD3.25 per share representing a 46% discount to NAV and 62% discount to gross property value. Based on the interim dividend outlined in the June 2008 interim accounts the exercise price of the call option of HKD3.25 equates to a dividend yield of 11.5% per annum. 

Mr. Ray Horney, Chairman of China Real Estate Opportunities Limited said, “This transaction reinforces CREO’s ongoing commitment to its core business and exhibits its capacity to identify strategic investments that maintain its position as one of the leading foreign investors in China’s commercial real estate market and that are accretive to its existing investments“.

China Real Estate Opportunities Limited - Grant of Options
14th November 2008

The Company wishes to clarify that the exercise price of the 500,000 options is £6.35, the market price of the Company’s ordinary shares on 10 September 2008, the date of their conditional grant.

China Real Estate Opportunities Limited - CREO Launches First Beijing Real Estate and Caharitable Projects
11th November 2008, Beijing

CREO, the leading international real estate investment and development firm focused on China, today broke ground on its project at the Beijing International Logistics Centre, its first development project in Beijing.

Located on one of the last sites in the airport’s dedicated logistics park, the project covers over 11.5 hectares and benefits from close proximity to both the airport and the national road network. Existing nearby occupants include TNT, Santa Fe, AMB and Prologis.

Beijing Capital International Airport is now one of the largest transport hubs in China. With the recent completion of Sir Norman Foster’s Terminal 3, cargo movements at Beijing Capital International Airport are now forecast to grow to over 4.5m tonnes per annum.

Construction on the site is scheduled to begin in November 2008. Design and project management services are being provided by Scott Wilson international consultants, and the projected completion date is mid-2009.

The CREO Foundation for the Children of China (CREO Foundation) today announced its commitment of a RMB 150,000 charitable donation from the CREO-SCF Special Fund for Children to the Project Hope Beijing Donation Centre Shunyi Office, to support the education of high performing primary and middle school students from poor and needy families in Beijing’s Shunyi District.

The donation will be made by three yearly instalments of RMB 50,000 from now until the end of 2011. The funds will be used to provide annual scholarships to 80 qualified students to assist in the smooth completion of their studies. The scholarships will be awarded through the Beijing Star of Hope (1+1) Scholarship Program operated by the Project Hope Beijing Donation Centre and Beijing Youth Development Foundation. This charitable initiative of the CREO Foundation will benefit a total 240 students over the three years.

About CREO
CREO was listed on the AIM market in London on 11th July 2007 under ticker symbol CREO, having successfully raised £259 million. Harnessing the intimate local market knowledge and key relationships that Treasury Holdings has been able to develop through its presence in China since 2002, CREO's principal objective is to maximise capital growth from a portfolio of properties in China. The projects will all incorporate high quality design, specifications, and finishes synonymous with Treasury Holdings.
www.china-reo.com
www.treasuryholdings.com

About the CREO Foundation
Established in 2007 by the China Real Estate Opportunities Limited (CREO), the CREO Foundation for the Children of China (CREO Foundation) is a public benefit organization aiming specially to aid and support the education and welfare of underprivileged and needy children in China. CREO is an AIM listed company managed by Treasury Holdings Limited, the largest and most successful property company in Ireland, through its wholly owned subsidiary, Treasury Holdings China Limited. CREO has a number of projects in China including the Beijing International Logistics Centre in Shunyi District. CREO is committed to the contribution of funding to the CREO Foundation on a long-term basis, recognizing that as an important part of its corporate social responsibility program. Funded by the CREO Foundation, the CREO-SCF Special Fund for Children is a partnership with the Shanghai Charity Foundation (SCF), which serves as a major platform for the CREO Foundation’s charitable activities in China.

China Real Estate Opportunities Limited - Notice of EGM
10th November 2008

The Company is seeking approval of resolutions relating to (i) waivers granted by the Panel on Takeovers and Mergers under Rule 9 of the City Code on Takeovers and Mergers, (ii) the Company’s proposed change of name and (iii) a proposed amendment to the Company’s Articles of Association.

The EGM is being convened at 11.00 a.m. on 3 December 2008 at the Atlantic Hotel, Le Mont de la Pulente, St Brelade, Jersey.

A copy of the Circular and Notice of EGM will shortly be made available on the Company’s website at www.chinareo.com.

Please click here to view the Circular as a PDF document

China Real Estate Opportunities Limited-
TR-1: Notifications of Major Interests in Shares
5th November 2008

China Real Estate Opportunities Limited- Business Update
5th November 2008

China Real Estate Opportunities (“CREO” or the “Company”), an AIM listed property company with an established investment and development property portfolio in China, today provides an update on the Company’s trading since 1 July 2008.

Investment Highlights:
Strong Income Producing Portfolio Continues to Outperform

CREO’s income producing assets, which represent 75% of the Company’s total portfolio, have continued to perform strongly in the third quarter.  Three year rollover on leases, which is standard practice in China, has enabled the Company to continue to drive income growth in the short to medium term.

Development Highlights:
CREO’s development programme continued to make progress throughout the period

• Beijing Logistics Park: construction is due to commence in November 2008. Completion of this development project is expected in 2009, and the Company has already received strong leasing enquiries.


• Central Plaza: office tower refurbishment work is on schedule for completion before the end of 2008 while the remainder of the refurbishment programme is on track for completion in 2009.


• City Center: short-term refurbishment work will be completed in Q1 2009.


• City Center Extension (formerly referred to as CC3): the design and planning process is proceeding as outlined earlier this year.


• City Center Development (formerly referred to as CC5): on track to commence in the current quarter.

Financing

The Chinese Market: Robust Office & Retail Markets

• China’s annualised GDP growth in the quarter to September 30 was a strong 9.0%(1) and 9.9% for the year to date(1), highlighting considerable continued momentum and although the prospects for the China economy are not immune to the deteriorating external environment, this growth trend represents a strong foundation for China to weather the current economic upheaval.


• China’s retail sales increased by 22% in the last nine months(1), underpinning continued strong demand for retail space. In addition, the Shanghai retail rental market continued to enjoy a buoyant performance with growth of 5.7% quarter on quarter, whilst vacancy rates were down by 0.4% in the quarter as demand, in particular from international retail, continues(2).


• Shanghai prime office rental performance was stable overall in Q3, following the impact of considerable additional supply in recent months which led to an increase in market vacancy rates(2) during the quarter. Within this context, the CREO portfolio has delivered a strong performance, evidenced by maintained strong occupancy and rental growth in the last quarter.

“During this period of unprecedented market volatility and uncertainty seen in global equity and debt markets, the focus of CREO Directors has been to continue to manage its assets intensively and deliver growth. As a result, the business has continued to perform strongly in the period. CREO’s income producing portfolio continues to see significant uplifts in rental income arising from rental reviews and new lettings, reflecting a resilient rental market.”

“Activity in the CREO development portfolio continues at pace as construction of the Beijing Logistics Park is about to commence and the planning process for the City Center Extension development is underway. The Company is positioned to continue to perform well in the short and medium term.”, commented Ray Horney, CREO Chairman.

(1)  PRC National Bureau of Statistics
(2) CBRE China, Q3 2008 MarketView

China Real Estate Opportunities Limited (“the Company”) - Appointment of Nominated Adviser
24th October 2008

China Real Estate Opportunities Limited (the “Company”) is pleased to announce that Davy has been appointed nominated adviser and broker to the Company with immediate effect.

China Real Estate Opportunities Limited (“the Company”) - Change of Adviser Name
7th October 2008

Following its change of name from Landsbanki Securities (UK) Limited to Teathers Limited on 7 October 2008, the name of the Company’s nominated adviser and broker is now Teathers Limited of:  Beaufort House, 15 St Botolph Street, London, EC3A 7QR.

China Real Estate Opportunities - Interim Management Report For
The Six Month Period To 30 June 2008
4th September 2008

• Increased development at Tangdao Bay from 180,000 square metres to 430,000 square metres.
• Construction of both the Beijing Logistics Park and the City Center Development is expected to commence in the fourth quarter of 2008.

Please click here to view the results as a PDF document
Interim Management Report For The Six Month Period To 30 June 2008

China Real Estate Opportunities - Interim Management Report For
The Six Month Period To 30 June 2008
29th August 2008

• The property portfolio value has grown by 18 per cent since December 2007 to £712 million from £606 million benefiting from valuation gains and the strength of the RMB against sterling;
• Diluted EPRA NAV per share of £9.74, an increase of 16.8% since 31 December 2007. NAV per share has increased by 26.8% since the Company floated at £7.68 in July 2007;
• The asset management activities of the Company are achieving positive results as reflected in the continuing low vacancy levels, strong rental growth and independent valuation increases.

Please click here to view the results as a PDF document
Interim Management Report For The Six Month Period To 30 June 2008

China Real Estate Opportunities plc
30th November 2009

Richard Pirouet, a non-executive director of China Real Estate Opportunities plc (the “Company”) (AIM: CREO), is also non-executive director of K2 Corporation Limited and K2 (USA) LLC. In accordance with Rule 17 and Schedule 2(g) of the AIM Rules, the Company announces that it has been notified that K2 Corporation Limited and K2 (USA) LLC were placed into administrative receivership on 29 September 2009.

The Creo-Scf Special Fund For Children Launch Announcement
of First Grant Allocation
Shanghai 4th August 2008

China Real Estate Opportunities Limited - Issue of Equity
9th July 2008

China Real Estate Opportunities Limited - Block Admission of Shares
2nd July 2008

China Real Estate Opportunities Limited - Result of Annual General Meeting
23rd May 2008

China Real Estate Opportunities Limited - Exercise of Share Options
2nd April 2008

China Real Estate Opportunities Limited - Publication of Financial Accounts
31st March 2008

China Real Estate Opportunities Limited - Exercise of Share Options
28th March 2008

China Real Estate Opportunities Limited - Final Results for the period 5 December 2006 to 31 December 2007
26th March 2008

• Period end independent valuations show a total value for the portfolio in excess of £600 million (at the 31 December 2007 exchange rate), an increase of over 11 per cent over valuation at admission (at the then prevailing exchange rates) on a like for like basis
• After adding back in the provision for deferred tax, adjusted net asset value of £8.23 per share at 31 December 2007 (flotation: £7.68 per share)
• Purchase of two further sites in Tangdao Bay after the period end adds an estimated 5.4 pence per share to the fully diluted net asset value, adjusted on a similar basis.

Please click here to view the results as a PDF document
CREO Final Results December 2007

China Real Estate Opportunities Limited - Directorate
11th March 2008

Richard Wilkinson Thomas Past company directorships and partnerships
Barclays Euro Funds (SICAV) Limited Barclays Investment Fund (Channel Islands) Limited Barclays Investment Funds (Luxembourg) SICAV Baring Asset Mgmt Institutional Umbrella Fund Ltd Blue Stripe 1999-1 Limited Blue Stripe 2000-1 Limited Blue Stripe Funding 1999-1 Limited Blue Stripe Funding 2000-1 Limited BOC Holdings (Jersey) Limited Buckingham Limited Capita Trust Company (Jersey) Limited (Form Royal) Channel House Financial Services Group Limited Core 1998-1 Limited Development Capital Advisors (CI) Limited Development Finance Corporation Limited Dominique Limited Earlingham Limited Eastwood Limited Eight-Thirty Limited Exelsior Finance Limited Forbrit Nominees Limited Forbrit Secretaries Limited Gear 1998-1 Limited Globe 1999-1 Limited Greve De Lecq Caterers Limited Henderson Global Investors (Jersey) Limited Henderson International Holdings Limited James Capel (CI) Nominees Limited Jersey House (1953) Limited Jupiter Carme Hedge Fund Limited Jupiter Funds of Hedge Funds Limited Jupiter New Asian Property Fund Limited Lerisson Nominees Limited LTR Finance No.1 Limited M C Partners III LLC Marlborough Limited Millennium Plaza Limited MP Holdings Limited NALF (Thailand) Limited NALF Capital Limited NALF Concepts Limited	NALF Development Limited NALF Estates Limited NALF Holdings Limited NALF Initials Limited NALF Lakeview Limited NALF Pale Limited NALF Participation Limited NALF Policies Limited NALF Properties Limited NALF Realisations Limited NALF Regeneration Limited NALF Script Limited NALF Ventures Limited Ogier Corporate Services (Jersey) Limited Ogier Corporate Trustee (Jersey) Limited Ogier Private Trustee Services (Jersey) Limited Okay Leasing Limited Ramillies Limited Red Arrow Limited Rheingold No.11 Limited Rheingold No.12 Limited Rheingold No.14 (UK) Limited Rheingold No.2 Limited Rheingold No.3 Limited Rheingold No.4 Limited Rheingold No.5 Limited Rheingold No.6 Limited Rheingold No.7 (Jersey) Limited Rheingold No.7 (UK) Limited Rheingold No.8 Limited Rhein-Main No. 1 Limited Rhein-Main No. 10 Limited Rhein-Main No. 15 Limited Rhein-Main No. 16 Limited Rhein-Main No. 2 Limited Rhein-Main No. 21 Limited Rhein-Main No. 3 (UK) Limited Rhein-Main No. 7 Limited Saye Limited Shandos Limited Sorphora Limited Southwood Limited Surabaya Property Limited SUV Funding Limited The Archipelago Fund SICAF The New Asian Land Fund Limited Thornham Land Limited Triple C Limited Woodman Investments Limited
Current company directorships and partnerships
3 Retraite de la Mielle Limited AAIM Property Fund 1 Limited ABS21 Limited Alon Technology Ventures Limited Alster Limited Aspen Investments (2005) Limited B Avenue Land Limited B Eighty A (Bermuda) Limited B Eighty B (Bermuda) Limited B Eighty C Limited B Eighty D Limited B Eighty E Limited B Eighty F Limited B Sixty Four B Limited Barclays Wealth Management Jersey Ltd Birdsong Capital Limited Black Sea Enhanced Returns Fund Limited BMORE NO.1 Limited Breadth Holdings (Bermuda) Limited Brewery Holdings Limited (in liquidation) Burnt Oak Holdings (Bermuda) Limited C Eighty Three C (Bermuda) Limited C Eighty Three D (Bermuda) Limited C Seventy Two C Limited Chateauneuf (Bermuda) Limited Core 1999-1 Limited CRST011100 Limited Depth (Bermuda) Limited Englehall Limited F.W. Investments Limited Fay, Richwhite Investment Limited Felix (Bermuda) Limited Fervida (Bermuda) Limited Fervida Limited Flavida (Bermuda) Limited Flavida Limited Four Leaf Clover (Jersey) Limited Friar (Bermuda) Limited Gold Hawk (Bermuda) Limited Grampian Purchasing No.5 Limited Greenford (Bermuda) Limited H Fifty Eight A (Bermuda) Limited H Fifty Eight B (Bermuda) Limited H Fifty Eight C (Bermuda) Limited H Fifty Eight D (Bermuda) Limited Haus 1998-1 Limited Henderson Global Investors (Jersey) 2 Limited Hertford Holdings Limited Hexagon Investments (Bermuda) Limited High Moor Agricultural Holdings Limited Hillingdon (Bermuda) Limited Horos Limited HSBC Investments (International) Limited Intermediate Capital GP Limited Jupiter Europa Hedge Fund Limited Jupiter Ganymede Hedge Fund Limited Jupiter Hyde Park Hedge Fund Limited Jupiter Merlin Absolute Return Portfolio Limited Jupiter Offshore Portfolio Fund Limited (JOPFL)	Loch Lossit Limited M Fifty Eight (Bermuda) Limited Maple Corporate Finance Limited Monitor Fund Limited N & R Limited Nordic Land Limited Nova No.1 Limited Oban Fund Limited Ogier Corporate Administration Limited Ogier Corporate Services (UK) Limited Ogier Executor And Trustee Company Limited Ogier Fiduciary Services (Jersey) Limited Ogier Fiduciary Services (UK) Limited Ogier Fund Administration (Jersey) Limited One Forty Five Limited PLMS Limited Prelude Limited Prisma Fund Limited Procida (Bermuda) Limited Pur (Bermuda) Limited Retraite Holdings Limited Rheingold No.1 Limited Rheingold No.10 Limited Rheingold No.14 (Jersey) Limited Rheingold No.9 Limited Rheingold Securitisation Holdings Limited Rheingold Securitisation Limited Rhein-Main No. 11 (Jersey) Limited Rhein-Main No. 11 (UK) Limited Rhein-Main No. 12 Limited Rhein-Main No. 14 Limited Rhein-Main No. 18 Limited Rhein-Main No. 20 Limited Rhein-Main No. 3 (Jersey) Limited Rhein-Main No. 5 Mortgage Purchase Limited Rhein-Main No. 9 Limited Rhein-Main Securitisation Holdings Limited Rhein-Main Securitisation Limited Shadowfax Holdings Limited Silver Funding Limited Somana (Bermuda) Limited Stee (Bermuda) Limited Stowe Holdings (Bermuda) Limited Thornham Land Holdings Limited Time (Jersey) Limited Tio (Bermuda) Limited VC Consult Ltd Vencap (Channel Islands) Limited Vencap 11 Investments Limited Vencap 11 Limited Vencap 6 Investments Limited Vencap 6 LLC Limited Vencap 7 Limited Vencap 7 LLC Vencap 9 Limited Vencap 9 LLC Veritas Limited Vest (Bermuda) Limited Vincitas Limited Weinberg Funding Limited Width Holdings (Bermuda) Limited Winley Limited Woodman (High Moor) Limited Woodman (Whitworth) Limited
Richard Wilkinson Thomas was a director of Vernita Limited, which went in to compulsory liquidation in 1982 as a result of adverse effect on trading of currency rate fluctuations. There was no criticism of any directors involved. Full details were supplied to Jersey Financial Services Commission.
Jane Margaret Pearce Past company directorships and partnerships
Oakcombe Worldwide Limited Pricoa Capital Management (Jersey) Limited Tosca Gardens Limited C&EE General Partners Limited Dresdner Kleinwort Capital Jersey Limited ARGUS Capital (General Partner) Limited H&B Holding Limited GPEK (Jersey)Limited ARGUS Capital Holding Limited ARGUS Capital Group Limited Quartilium Primaries I LLC Autum Limited Blental Limited Cartman Limited Corporate Directors (No2) Limited Docket Limited Fortress Limited Orbis Management Limited Corporate Secretaries (Jersey) Limited Kleinwort Benson (Jersey) Trustees (1997) Limited Kleinwort Benson (Jersey) Trustees Limited Rhodin Limited Shendle Limited Springfield Limited Corporate Secretaries (Jersey) Limited Intermediate Capital GP Limited Intermediate Capital GP 2003 Limited Mezzanine Investors Jersey SPV Limited Quartilium Primaries II LLC Rhyme (Jersey) Limited PHF Funding Limited PHF Securities No 1 Limited PHF Reversions No1 Limited PHF Property Leasing Limited PHF Investments Holdings Limited PHF Investments Limited	PHF Securities No2 Limited PHF Reversions No2 Limited PHF Investments Holdings No2 Limited PHF Securities No3 Limited PHF Reversions No3 Limited PHF (BOSS) Limited Nickle Investments Limited Sandown Care Services (Jersey) Limited Principal Healthcare Finance Limited Principal Healthcare Finance Investments (Guernsey) Limited Principal Healthcare Finance Holdings (Guernsey) Limited Intermediate Capital GP 2003 No.1 Limited Silver Springs Limited Serra Coinvestment GP Limited FSHC Properties (Holdings) Limited PRO Butterfield Limited PHF (CHP) Limited FSHC Jersey Developments Limited Eulysses limited Intermediate Capital Asia Pacific Mezzanine 2005 GP Limited Intermediate Capital Asia Pacific Mezzanine Opp 2005 GP Limited Geronimo Limited Heracles Limited Ipcress Limited ARGUS Capital (General Partner II) Limited Emirates Real Estate Enterprise One Limited Kleinwort Benson (Channel Islands) Corporate Services Limited Kleinwort Benson (Jersey) Trustees Limited Intermediate Capital Asia Pacific Mezzanine 2005 LP Intermediate Capital Asia Pacific Mezz Opportunity 2005 LP Ogier Fiduciary Services (Jersey) Limited Ogier Fund Administration (Jersey) Limited
Current company directorships and partnerships
Ascania Capital Limited Autolycus Limited BI-Invest GP Limited DRND Finance Limited ICAP Mezzanine 2005 GP ICAP Mezzanine Opportunity 2005 GP ICG European Fund 2006 GP Limited Index Venture Associates IV (IGP) Limited	Index Venture Associate IV Limited Index Venture Management IV (Jersey) Limited SPQR Capital (GP) Limited Ventizz Jersey Holding Company GP Lmited Ventizz II Jersey Management Limited VCF IV Limited

There is no other information required to be disclosed under Schedule 2 paragraph (g) (ii) of the AIM Rules for Companies.

China Real Estate Opportunities Limited - Update on property portfolio
31st January 2008

China Real Estate Opportunities Limited - Qingdao Marina Expansion
21st January 2008

The Board of CREO is pleased to announce that, with Shanghai Industrial Investment Corporation ("SIIC"), the real estate investment arm of the Shanghai Municipal Government, it has acquired two sites in Tangdao Bay, Qingdao, adjoining the Company’s existing development site, which was part of the initial portfolio acquired by CREO in 2007. Qingdao is the site of the sailing events for the 2008 Beijing Olympics.
The development is situated in a prime waterfront location within Huangdao, a rising urban and leisure zone south of the Qingdao Central Business District, with which it is soon to be directly linked via a tunnel under Jiaozhou Bay, with an estimated travelling time of less than 20 minutes.
CREO envisages the site as an integrated marina-based leisure resort with significant retail and residential elements for the increasing number of visitors and second home owners attracted by Qingdao’s status as an exceptional tourist destination. The plan is to develop the three sites as a single integrated project, with the completed development having a total gross floor area of 430,167 square metres, comprising residential, retail and hotel components with an estimated completion value in excess of RMB 5.5 billion (GBP360 million).
CREO’s acquisition cost for its 50 per cent. interest in the two sites will be approximately £14.1 million, consisting of site acquisition, design, pre-development and infrastructure costs. An architectural firm has been engaged for the first phase of the development, with work expected to commence during 2008.
Commenting on the acquisition, Richard David, Managing Director of Treasury Holdings China Limited, CREO’s investment manager, said:
“This latest acquisition reaffirms CREO’s strong commitment to both its partnership with SIIC and the Qingdao market. With the infrastructure progress being made in Qingdao, and with the 2008 Olympics as the back-drop, CREO is optimistic about its latest acquisition, which will complement the original development.”

China Real Estate Opportunities Limited - Shanghai re-lettings
6th December 2007

The Board of Directors of CREO are pleased to announce that a number of re-lettings have successfully been made in respect of office and retail units at City Centre 1 and Central Plaza, Shanghai, two of the Company’s core investment assets. Since these properties were acquired in July, proactive management has delivered strong performance and over the past two months renewals have been achieved in respect of 15 units and the average premium achieved on these re-lettings has been 18 per cent.

China Real Estate Opportunities Limited - Exercise of Options
12th November 2007

China Real Estate Opportunities Limited announces that it has received notice of exercise in respect of options over 200,000 new ordinary shares of 1p each ('Ordinary Shares') held by Robert Tincknell, a director of the Company. The board of the Company has resolved to allow Mr Tincknell to exercise these options in advance of their stated first exercise date of 1 February 2008.
Application has been made for the new Ordinary Shares to be admitted to trading on AIM and dealings are expected to commence in the week beginning 19 November 2007. The new Ordinary Shares will rank pari passu with the existing Ordinary Shares in issue and increase the number of shares in issue to 50,676,185.
Following the exercise of these options, Robert Tincknell's total holding in the Company is 521,171 Ordinary Shares.

China Real Estate Opportunities Limited - Appointment
12th November 2007

Further to the announcement dated 8 August 2007, Richard David, Managing Director of Treasury Holdings China Limited (“THCL”), has assumed executive responsibility for THCL’s operations in China.
THC is the Company’s investment manager and has over 40 full time professional staff based in Shanghai and Beijing. Richard David joined THCL from Macquarie Bank Limited, where he was managing director of Macquarie Real Estate Capital China. Richard has since 1999 overseen the operations of Macquarie China, including several business units operating within the real estate sector across China. Richard has extensive experience in all facets of transactional activity and in real estate development, asset acquisitions, finance, tax, corporate structures and investor relations.
Robert Tincknell, who has been a key driver of the growth of Treasury Holdings and CREO in China over the past three years, is returning to the UK to become Managing Director of both Treasury’s UK and International Divisions, the latter encompassing Treasury’s operations in Russia, Sweden, Germany and Spain.

China Real Estate Opportunities Limited - Purchase of Ordinary shares
7th September 2007

China Real Estate Opportunities Limited announces that, on 7 September 2007, it bought for cancellation 1,150,000 ordinary shares in the market at a price of £7.09 per ordinary share. There remain 50,476,185 ordinary shares in issue.

China Real Estate Opportunities Limited - Purchase of Ordinary shares
5th September 2007

China Real Estate Opportunities Limited announces that, on 4 September 2007, it bought for cancellation 1,001,622 ordinary shares in the market at a price of £7.09 per ordinary share. There remain 51,626,185 ordinary shares in issue.

Results of the Extra Ordinary General Meeting - 3rd Sept 2007

The Board of China Real Estate Opportunities Limited (“CREO” or the “Company”) announces that the resolutions proposed to authorise the Company to purchase its own shares in the market and to approve the requisite waiver by the Panel on Takeovers and Mergers under Rule 9 of the City Code on Takeovers and Mergers were passed at the Extraordinary General Meeting held in Jersey today.

China Real Estate Opportunities Limited (CREO or the “Company”) - 9th Aug 2007

AIM Rule 26 compliant website and change of name of nominated adviser and broker

The Company announces that the information required by Rule 26 of the AIM Rules for Companies (February 2007) is available on the Company's website at www.chinareo.com.

The Company also announces that the name of the Company’s nominated adviser and broker has changed from Teather & Greenwood Limited to Landsbanki Securities (UK) Limited.

Commencement of dealings and admission to AIM - 11th July 2007

Announcement made by CREO prior to admission to the AIM Market - 9th July 2007

Further to its announcement of 1 June 2007, the Directors of Real Estate Opportunities Limited (“REO”) are delighted to report that China Real Estate Opportunities Limited (“CREO”) has successfully concluded its fundraising of £259 million. On admission to AIM, which is expected to take place on 11 July 2007, CREO will have a total of 53 million ordinary shares in issue.

On admission:

- based on the issue price of the CREO shares of £7.56 per share, there will be an enhancement to REO’s net assets of £40 million, equivalent to 15.8 pence per REO ordinary share or 11.3 pence per REO ordinary share on a diluted basis.

- the sale by REO to CREO of the Treasury Building, Shanghai for an aggregate consideration of £16.1 million together with debt of £20.8 million to be satisfied by the issue of 2,132,941 new ordinary shares in CREO will be completed;

- REO’s aggregate holding of CREO shares will amount to 8,388,941 ordinary shares representing 15.9 per cent. of the enlarged issued share capital of CREO. REO intends to hold these shares as a long term investment.