China Resources Land : VOLUNTARY ANNOUNCEMENT-LAND ACQUISITION UPDATE FOR THE MONTH ENDED 30 NOVEMBER 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 NOVEMBER 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 November 2019 (the "Land Acquisition Update").

In November 2019, the Group acquired 8 land parcels in Dongguan, Tangshan, Nanjing, Changchun, Hohhot, Shenzhen and Harbin with total gross floor area ("GFA") of approximately 1,765,090 square meters. The attributable land premium payable by the Group of the land acquisition amounted to approximately RMB8,663 million.

Details of the Group's land acquisitions in November 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)
										International Business
1			Nov		Dongguan		District Commercial and	100%		395,151		395,151		4,512		4,512
										Residential Project
2			Nov		Tangshan		Lubei District Jiantou Xi	20%		517,414		103,483		2,128		426
				Lake Project
3			Nov		Nanjing		Weiyuanzhou Senior	51%		264,984		135,142		1,180		602
				Housing Project
										Hi-Tech South District
4			Nov		Changchun		Chaofan Street West	49%		92,364		45,258		501		245
										Residential Project
										Xincheng District
5			Nov		Hohhot		Daqingshan Street South	100%		110,121		110,121		479		479
										No.2 Residential Project
6			Nov		Shenzhen		Pingshan District Biling	50%		132,560		66,280		2,042		1,021
				Street Residential Project
										Changchun New District
7			Nov		Changchun		Parkland No.2	100%		158,303		158,303		647		647
										Residential Project
										Songbei District Mixc
8			Nov		Harbin		Manor East No.2	100%		94,193		94,193		732		732
										Residential 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, 13 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.