A two-dimensional random hopping model with N-species and π-flux is studied. The field theory at the band center is shown to be in the universality class of GL(4m,R)/O(4m) non-linear sigma model. Vanishing beta function suggests delocalised states at the band center. Contrary to the similar universality class with broken time reversal symmetry, the present class is expected to have at least two fixed point. Large N-systems are shown to be in the weak-coupling fixed point, which is characterized by divergent density of state, while small N systems may be in the strong-coupling fixed point.