China Resources Land : Notice of Listing - U.S.$1,050,000,000 Subordinated Perpetual Capital Securities of China Resources Land Limited under its U.S.$3,900,000,000 Medium Term Note Programme

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.

This announcement is for information purposes only and does not constitute an invitation or solicitation of an offer to acquire, purchase or subscribe for securities or an invitation to enter into an agreement to do any such things, nor is it calculated to invite any offer to acquire, purchase or subscribe for any securities.

This announcement does not constitute an offer to sell or the solicitation of an offer to buy any securities in the United States or any other jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such jurisdiction. The securities referred to herein will not be registered under the United States Securities Act of 1933, as amended (the "Securities Act"), and may not be offered or sold in the United States or to a U.S. person except pursuant to an exemption from or in a transaction not subject to, the registration requirements of the Securities Act. Any public offering of securities to be made in the United States will be made by means of a prospectus. Such prospectus will contain detailed information about the Company making the offer, its management and financial statements. The Company does not intend to make any public offering of securities in the United States.

NOTICE OF LISTING ON

THE STOCK EXCHANGE OF HONG KONG LIMITED

(Incorporated in the Cayman Islands with limited liability)

(Stock code: 1109)

Issue of U.S.$1,050,000,000 Subordinated Perpetual Capital Securities (Stock code: 40091)

(the "Securities")

under the U.S.$3,900,000,000 Medium Term Note Programme of

China Resources Land Limited

(the "Programme")

Sole Global Coordinator, Joint Bookrunner and Joint Lead Manager

HSBC

Joint Bookrunners and Joint Lead Managers

BOC International	DBS Bank Ltd.	ABC International
CMB International CCB International Mizuho Securities	BofA Securities

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Application has been made to The Stock Exchange of Hong Kong Limited (the "SEHK") for the listing of, and permission to deal in, the Securities at an initial distribution rate of 3.75 per cent. to be issued under the Programme as described in the offering circular dated 30 January 2019 prepared in respect of the Programme and the supplemental offering circular dated 3 December 2019 prepared in respect of the Securities. The Securities will be offered to professional investors (as defined in Chapter 37 of the Rules Governing the Listing of Securities on the SEHK and in the Securities and Futures Ordinance (Cap. 571) of Hong Kong) only. Permission to deal in the Securities is expected to become effective on 10 December 2019.

9 December 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.

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