China Housing & Land Development Authorizes New $10 Million Share Repurchase Program

 China Housing & Land Development Authorizes New $10 Million Share Repurchase

PR Newswire

XI'AN, China, March 25, 2014

XI'AN, China, March 25, 2014 /PRNewswire/ -- China Housing & Land Development,
Inc., ("China Housing" or the "Company," NASDAQ: CHLN) today announced that
the Company's Board of Directors has authorized a new share repurchase program
under which the Company is able to repurchase up to $10 million shares of
common stock.

Mr. Pingji Lu, China Housing's Chairman of the Board commented, "We continue
to believe that our current share price does not fully reflect the true market
value of China Housing and are pleased that our Board has authorized a new
share repurchase program. As of December 31, 2013, the Company has repurchased
a total of 1,166,369 shares under the $5 million share repurchase program
announced on August 11, 2011. We are pleased to implement another share
repurchase program as we continue to believe the repurchase program is a good
investment of available funds and underscores our commitment to enhancing
shareholder value."

Shares of the Company's common stock will be repurchased from time to time in
open market transactions or privately negotiated transactions at the Company's
discretion, in accordance with Securities and Exchange Commission and NASDAQ
requirements, and subject to market conditions and other factors. There is no
guarantee as to the exact number of shares that will be repurchased by the
Company and the Company may discontinue purchases at any time that the Board
of Directors determines additional purchases are not warranted.

About China Housing & Land Development, Inc.

Based in Xi'an, the capital city of China's Shaanxi province, China Housing &
Land Development, Inc., is a leading developer of residential and commercial
properties in northwest China. China Housing has been engaged in land
acquisition, development, and management, including the sales of residential
and commercial real estate properties through its wholly-owned subsidiary in
China, since 1992.

China Housing & Land Development is the first and only Chinese real estate
development company traded on NASDAQ. The Company's news releases, project
information, photographs, and more are available on the internet at

Safe Harbor Statement

This news release may contain forward-looking information about China Housing
& Land Development, Inc. which is covered under the safe harbor for
forward-looking statements provided by the Private Securities Litigation
Reform Act of 1995. Forward-looking statements are statements that are not
historical facts. These statements can be identified by the use of
forward-looking terminology such as believe, expect, may, will, should,
project, plan, seek, intend, or anticipate or the negative thereof or
comparable terminology, and include discussions of strategy, and statements
about industry trends and China Housing & Land Development's future
performance, operations, and products.

Such statements are subject to risks and uncertainties that could cause actual
results to differ materially from those projected. Actual performance results
may vary significantly from expectations and projections. Further information
regarding this and other risk factors are contained in China Housing's public
filings with the U.S. Securities and Exchange Commission. All information
provided in this news release and in any attachments are as of the date of the
release, and the companies do not undertake any obligation to update any
forward-looking statement as a result of new information, future events or
otherwise, except as required under law.

China Housing contacts
Mr. Cangsang Huang
Chief Financial Officer
Tel:+86 29.8258.2648 in Xi'an

Ms. Jing Lu
Chief Operating Officer, Board Secretary, and Investor Relations Officer
+86 29.8258.2639 in Xi'an English and Chinese

Ms. Sandy Jin
Assistant CFO
+86 29.8258.2638 in Xi'an / English and Chinese

Mr. Bill Zima, ICR
+86 10 6583 7511

China Housing Investor Relations Department
+1 646.308.1285

SOURCE China Housing & Land Development, Inc.

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