China Resources Land : VOLUNTARY ANNOUNCEMENT-LAND ACQUISITION UPDATE FOR THE MONTH ENDED 30 SEPTEMBER 2019

Hong Kong Exchanges and Clearing Limited and The Stock Exchange of Hong Kong Limited take no responsibility for the contents of this announcement, make no representation as to its accuracy or completeness and expressly disclaim any liability whatsoever for any loss howsoever arising from or in reliance upon the whole or any part of the contents of this announcement.

(Incorporated in the Cayman Islands with limited liability)

(Stock code: 1109)

VOLUNTARY ANNOUNCEMENT

LAND ACQUISITION UPDATE

FOR THE MONTH ENDED 30 SEPTEMBER 2019

China Resources Land Limited (the "Company") is pleased to provide its shareholders update on land acquisitions carried out by the Company and its subsidiaries (the "Group"), for the month ended 30 September 2019 (the "Land Acquisition Update").

In September 2019, the Group acquired 7 land parcels in Tianjing, Shenzhen, Xi'an, Qingdao, Wuhan and Baoding with total gross floor area ("GFA") of approximately 1,205,510 square meters. The attributable land premium payable by the Group of the land acquisition amounted to approximately RMB 7,297 million.

Details of the Group's land acquisitions in September 2019 are set out in below table for reference:

																Total			Attributable			Land			Attributable
													Interest									Land
	No.			Month			City			Project Name					GFA			GFA			Premium
									(%)									Premium
															(sqm)			(sqm)			(RMB mn)
																						(RMB mn)
										Jingnan District Lishuang
1			Sep		Tianjing		Road East Residential	49%		186,605	91,436	1,667	817
										Project
										Nanshan District Shenzhen
2			Sep		Shenzhen		Bay Plaza Commercial and	100%	166,250	166,250	4,660	4,660
										Cultural Project
										International Trade and
										Logistics Park Olympic
3			Sep		Xi'an		Center South Xingwei	70%		85,876	60,113		254		178
										Road Commercial and
										Residential Project
4			Sep		Qingdao		Jiaozhou CR Ciry Project	79%		238,783	188,639	583		461
										Xinzhou District Minfang
5			Sep		Wuhan		Road West Residential	100%	115,042		115,042		262		262
										Project
										International Trade and
6			Sep		Xi'an		Logistics Park Olympic	70%		260,748	182,524	858		601
				Center South Residential
										Project
7			Sep		Baoding		Jingxiu District Tiyuchang	50%		152,206	76,103	638		319
				Avenue Project

The preliminary figures disclosed above are derived from the Group's internal management records and subject to change and may differ from those appear in the audited and unaudited financial statements of the Group to be published on yearly and half-yearlybasis. They shall not be taken as a measure or indication of the Group's current or future operating or financial performance. As such they are strictly for information only and not for any other purpose. Investors are advised not to place any reliance on the information disclosed herein but to exercise due caution when dealing in the securities of the Company. The Land Acquisition Update does not constitute, nor should it be construed as, an offer or solicitation for the purchase or sale of any securities or financial instruments of the Company or any of its subsidiaries or associates. Any investor who is in doubt is advised to seek advice from professional advisors.

By Order of the Board

China Resources Land Limited

TANG Yong

Chairman

PRC, 14 October 2019

As at the date of this announcement, the executive directors of the Company are Mr. Tang Yong, Mr. Li Xin, Mr. Zhang Dawei, Mr. Xie Ji, Mr. Shen Tongdong and Mr. Wu Bingqi; the non-executive directors of the Company are Mr. Yan Biao, Mr. Chen Ying, Mr. Wang Yan and Mr. Chen Rong; and the independent non-executive directors of the Company are Mr. Andrew Y. Yan, Mr. Ho Hin Ngai, Bosco, Mr. Wan Kam To, Peter, Mr. Zhong Wei and Mr. Sun Zhe.