PropertySales Reach Record High

Profitfor the First Six Months Surges by 210%

Acquires 5 Land Parcels toStrengthen Land Reserve

Introduces Investor to CaptureRoad Opportunities Along Belt and Road

Financial Highlights:

Unaudited results for the period ended 30 June

HONG KONG,CHINA - MediaOutReach - 17 August 2018 - Road King Infrastructure Limited ("Road King" or the "Company", together with its subsidiaries the "Group", 1098.HK), announced today its interim results for the sixmonths ended 30 June 2018 (the "ReviewPeriod").

During the Review Period, the Group recorded property sales of RMB17,225million, and the toll revenue from expressway toll road was RMB1,470 million, amounting to RMB18,695 million in total. The profitfor the period surged considerably by 210% to HK$1,160 million (2017: HK$375million). Earnings per share was HK$1.08. The Board has proposed an interimdividend of HK$0.30 per share (2017: HK$0.15).

Property Business

In the first half of 2018, the property market environment became morecomplicated. The Mainland Chinese government continued to implement last year'sspecific austerity measures based on regional circumstances, and controlmeasures, such as regulating land auction, tightening home purchaserestrictions, restriction on prices and mortgage, have gradually become normalcontrol measures in various regions. The Group achieved remarkable results inproperty segment through the dedicated efforts of the management team, the property sales (including joint venture projects) recorded RMB 17,225million. During the Review Period, property delivery of the Group (includingjoint venture projects) amounted to RMB6.2 billion. The average price wasapproximately RMB16,100 per sqm, which increased significantly as compared with the corresponding periodof last year. Together with the delivery of more high margin projects duringthe period, the Group's gross profit margin increased significantly toapproximately 47% in current period. Profit of the property segment alsoincreased to HK$915 million, representing an increase of about 5 timescomparing to the corresponding period of last year.

For land reserve replenishment, the Group's property and investment andasset management segments acquired 5 parcels of land in Mainland China, mainlyfor residential purpose, through co-development with competent enterprises inthe first half of 2018, with an aggregate floor area of 542,000 sqm. As at 30June 2018, the Group's land reserves was 8,480,000 sqm in total and total areaof properties pre-sold but yet to be delivered was 1,770,000 sqm.

Toll Road Business

In the first half of 2018, the Group received cash distribution ofHK$374 million from the toll road joint ventures, including the repayment ofshareholder loans. The average daily traffic volume and toll revenue of theGroup's expressway toll road portfolio reached 254,100 vehicles and RMB1,470million, respectively, representing an increase of 16% for both as compared withthe corresponding period of last year. During the Review Period, all expresswayprojects recorded increases in toll revenue and certain projects evendemonstrated a double-digit growth in toll revenue. Thus, the Group's share ofprofit of infrastructure joint ventures for the first half of the yearincreased significantly by 24% to HK$339 million as compared with thecorresponding period of last year.

In early August 2018, the Group and CVC Capital Partners ("CVC"), a fundof CVC Capital Partners, entered into an agreement. Pursuant to which, CVC willcontribute capital of approximately HK$2,000 million to the toll road businessof the Group. After the completion of the transaction, the Group and CVC willown 75% and 25% interests in the toll road business of the Group, respectively.

Going Forward

Looking ahead to the second half of theyear, Road King concluded, "As apillar industry, the real estate industry in Mainland China undoubtedlysupports economic growth, especially when there is trade conflicts betweenChina and the U.S. Therefore, the Group stays cautiously optimistic in regardto the long-term prospects of the property development business. The managementand operations team will continue to adopt a practical approach and follow thebusiness strategy to strike a balance between profitability and sales volume.To establish the Group as a more widely recognised property developer, it willcontinue to research and develop market oriented products to boost the sales.The Group will optimise the land reserve portfolio in Mainland China and HongKong in a cautious manner and seek for more development opportunities withbusiness partners. As for the expressway projects, it is expected that theexpressway business will maintain a steady development in the short-term with expansion opportunities in the medium and long-term."

About Road King (HKSE stockcode: 1098)

Road KingInfrastructure Limited is a prominent property developer in Mainland China andHong Kong focusing on developing quality residential apartments and also aleading toll road investor and operator in Mainland China with over 20 years ofexperience in the industry. The existing real estates portfolio is mainlylocated in the Yangtze River Delta, Bohai Rim regions and Greater Bay Area,comprising a land reserve of about 8.48 million square meters. The current tollroad portfolio consists of five expressways spanning 340 km in Mainland China.

Formore information on Road King, please visithttps://www.roadking.com.hk.