China Overseas Land & Investment : Announcements and Notices - Land Acquisition Update (for the Twelve Months Ended 31 December 2018)

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 Hong Kong with limited liability)

(Stock Code: 688)

LAND ACQUISITION UPDATE

FOR THE TWELVE MONTHS ENDED 31 DECEMBER 2018

China Overseas Land & Investment Limited (the "Company") wishes to provide to its shareholders the below update on the land acquisitions carried out by the Company and China Overseas Grand Oceans Group Limited ("COGO"), an associate of the Company, for the twelve months ended 31 December 2018 (the "Land Acquisition Update"). The Land Acquisition Update is also available on the website of the Company(www.coli.com.hk).

For December 2018, the Company (together with its subsidiaries (collectively, the "Group")) acquired 10 land parcels in Dalian, Wuhan, Yantai, Qingdao, Chengdu, Changchun, Suzhou, Shanghai, Hong Kong with aggregate attributable gross floor area ("GFA") of approximately 1,815,791.85 square meters, of which 3 will be developed in form of cooperation projects. The land premium payable by the Group in respect of the relevant land acquisitions amounted to approximately RMB15,452.58 million.

In addition, for December 2018, COGO (together with its subsidiaries (collectively, the "COGO Group")) acquired 6 land parcels in Yinchuan, Ningxia Autonomous Region, Yangzhou, Jiangsu Province, Nanning, Guangxi Province and Hefei, Anhui Province with an attributable GFA of 1,290,631.00 square meters. The land premium payable by the COGO Group in respect of such land parcels amounted to approximately RMB4,998.48 million.

Details of the land acquisitions are set out below for reference:

Land parcels acquired by the Group in 2018
No.	Date of acquisition	City in which land acquired is located	Name of development project	Percentage interest attributable to the Company	Land area (m2)	Total GFA (m2)	Attributable GFA (m2)	Land premium (RMB mn) (Note 1)
1	January	Foshan	Shunde District Project	100%	149,322.40	385,747.00	385,747.00	1,840.00
2	January	Hangzhou	Binjiang District Project	100%	22,935.00	89,276.00	89,276.00	2,213.18
3	January	Beijing	Changping District Project	100%	175,115.00	489,691.00	489,691.00	5,450.00
4	January	Guangzhou	Nansha District Project (Note 2)	100%	78,951.00	233,512.00	233,512.00	1,823.78
5	February	Shenzhen	Pingshan District Project (Note 2)	100%	19,194.68	124,300.00	124,300.00	1,254.50
6	February	Beijing	Daxing District Project #1	100%	74,464.00	205,538.00	205,538.00	3,275.00
7	February	Kunming	Wuhua District Project	60%	102,719.82	515,348.00	309,208.80	1,476.63
8	February	Urumqi	Shuimogou District Project #1	100%	33,664.18	144,776.00	144,776.00	602.80
9	February	Urumqi	Shuimogou District Project #2	100%	34,804.71	142,821.00	142,821.00	615.50
10	February	Shenyang	Hunnan District Project	100%	179,941.83	450,439.00	450,439.00	1,743.64
11	February	Guangzhou	Panyu District Project	14.28%	76,285.00	365,628.00	52,211.68	473.75
12	February	Chongqing	Banan District Project	51%	89,257.00	299,427.00	152,707.77	367.20
13	February	Wuhan	Jiang'an District Project #1(Note 3)	51%	21,774.00	129,571.00	66,081.21	550.80
14	February	Xi'an	Changan District Project (Note 2)	100%	131,434.69	569,351.00	569,351.00	1,360.00
15	February	Jinan	Gaoxin District Project #1(Note 3)	34%	199,739.00	450,096.00	153,032.64	845.68
16	March	Changsha	Yuhua District Project	100%	70,673.90	343,263.00	343,263.00	1,117.00
17	March	Qingdao	Gaoxin District Project#1	100%	85,732.50	231,555.00	231,555.00	871.90
18	April	Beijing	Daxing District Project #2	33%	31,049.00	128,364.00	42,360.12	483.45
19	April	Kunming	Guandu District Project	100%	116,803.38	584,063.47	584,063.47	2,850.41
20	May	Urumqi	Gaoxin District Project	100%	16,644.61	76,253.14	76,253.14	332.00
21	May	Chongqing	Nanchuan District Project	100%	120,631.00	291,719.00	291,719.00	204.50
22	June	Urumqi	Huizhan Pian District Project	100%	57,726.16	239,722.00	239,722.00	781.20
23	June	Fuzhou	Gaoxin District Project	100%	30,043.00	112,383.00	112,383.00	788.31
24	June	Changchun	Beihu District Project	100%	172,207.00	571,692.00	571,692.00	2,029.03
25	June	Tianjin	Hongqiao District Project	25%	52,482.60	241,900.00	60,475.00	880.00
26	June	Jinan	Gaoxin District Project #2	33%	215,377.00	473,888.00	156,383.04	818.40
27	July	Nanchang	Xinjian District Project	100%	64,307.00	105,704.00	105,704.00	490.98
28	July	Hangzhou	Xihu District Project	100%	39,344.00	134,241.00	134,241.00	3,338.56
29	July	Foshan	Shunde District Project	100%	16,646.16	55,121.00	55,121.00	336.00
30	July	Nanchang	Ganjiang New District Project	100%	111,477.00	282,468.00	282,468.00	1,203.95
31	July	Suzhou	Gaoxin District Project	51%	54,100.00	158,506.00	80,838.06	1,599.45
32	July	Ningbo	Yinzhou District Project	100%	37,266.00	106,925.00	106,925.00	769.02
33	August	Nanjing	Jiangbei New District Project	100%	149,465.00	456,686.00	456,686.00	5,640.00

34

August

Zhengzhou

Zhengdong New District Project

100%

51,922.88

139,110.00

139,110.00

1,575.00

35

August

Yantai

Fushan District Project

100%

119,919.00

415,372.00

415,372.00

477.17

36

August

Beijing

Daxing District Project #3

100%

39,735.00

145,140.00

145,140.00

1,727.00

37

August

Harbin

Songbei District Project

100%

63,157.47

128,676.00

128,676.00

684.80

38

September

Jinan

Licheng District Project

100%

70,211.00

307,429.00

307,429.00

979.00

39

September

Harbin

Daoli District Project #1

100%

48,396.20

158,198.00

158,198.00

752.30

40

September

Beijing

Chaoyang District Project

100%

74,980.00

143,113.00

143,113.00

2,910.00

41

September

Changchun

Beihu Technology Development District Project

100%

199,999.00

530,355.00

530,355.00

1,571.59

42

September

Ezhou

Gedian Development District Project

50%

123,756.30

426,949.00

213,474.50

928.17

43

October

Shanghai

Putuo District Project #1

70%

14,904.10

55,260.00

38,682.00

1,357.31

44

October

Shanghai

Putuo District Project #2

70%

23,391.80

116,371.00

81,459.70

2,618.50

45

October

Shanghai

Putuo District Project #3

70%

23,122.10

85,305.00

59,713.50

2,051.09

46

October

Shanghai

Putuo District Project #4

70%

8,579.70

97,158.00

68,010.60

552.65

47

October

Harbin

Daoli District Project #2

100%

47,078.90

154,198.00

154,198.00

619.68

48

October

Wuhan

Jiang'an District Project #2

99%

17,925.00

146,509.00

145,043.91

1,370.16

49

October

Beijing

Shijingshan District Project

80%

61,128.00

246,064.00

196,851.20

3,867.20

50

November

Qingdao

Shibei District Project

100%

42,474.30

181,151.00

181,151.00

996.11

51

November

Guangzhou

Zengcheng District Project #1

25%

133,319.08

595,713.00

148,928.25

1,248.75

52

November

Guangzhou

Zengcheng District Project #2

20%

85,336.00

380,331.00

76,066.20

643.60

53

November

Fuzhou

Jinan District Project

50%

35,195.00

137,226.00

68,613.00

543.50

54

December

Dalian

Gaoxin Yuan District Project

100%

67,485.80

179,540.00

179,540.00

1,602.34

55

December

Wuhan

Caidian District Project

100%

91,025.00

360,501.00

360,501.00

752.70

56

December

Yantai

Zhifu District Project

100%

29,750.80

52,768.00

52,768.00

264.20

57

December

Qingdao

Gaoxin District Project #2

18%

317,762.00

1,160,118.00

208,821.24

386.19

58

December

Qingdao

Gaoxin District Project #3

18%

292,876.00

1,216,688.00

219,003.84

408.42

59

December

Chengdu

Tianfu New District Project

100%

64,206.30

182,195.00

182,195.00

1,454.27

60

December

Changchun

Jingyue District Project

100%

132,563.00

310,679.00

310,679.00

1,311.80

61

December

Suzhou

Gongye Yuan District Project

100%

8,560.58

154,250.00

154,250.00

575.30

62

December

Shanghai

Pudong New District Project

49%

102,916.30

189,473.00

92,841.77

1,683.78

63

December

Hong Kong

Kai Tak Project

100%

9,048.00

55,192.00

55,192.00

7,013.58

(Note 4)

Sub-total for the Group:

5,232,302.23

17,641,006.61

12,715,921.64

91,352.78

Land acquisitions by the COGO Group in 2018

Land area

(m2)

Total GFA

(m2)

Attributable

GFA (m2)

Land premium

(RMB mn)

(Note 1)

Sub-total for the COGO Group:

1,993,859.14

5,022,693.00

4,741,370.20

18,744.46

TOTAL:

7,226,161.37

22,663,699.61

17,457,291.84

110,097.24

Note:
1.	The land premium illustrated in the table above represents the full sum of land premium payable
by the Group in respect of the relevant acquisition.
2.	This project requires the Group to build housing, commodity housing, resettlement housing or
affordable housing, which is to be transferred to the local city government free of charge or to be
repurchased by the local city government at predetermined price.
3.	Project stake has been adjusted and will be developed in form of cooperation project.
4.	Exchange rate of HK$ to RMB is 0.873.

The above Land Acquisition Update has been prepared based on the respective internal management records of the Company and COGO which have not been audited nor reviewed by external auditors, and as such the data contained therein is for investors' information only. Such data may differ from the figures to be disclosed in the audited or unaudited consolidated financial statements to be published by the Company and COGO on an annual, semi-annual or quarterly basis due to various uncertainties during the process of collection and collating of such data. 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, joint ventures or associates. It does not and is not intended to provide any investment service or investment advice.

By Order of the Board

China Overseas Land & Investment Limited

Yan Jianguo

Chairman and Chief Executive Officer

Hong Kong, 7 January 2019

As at the date of this announcement, Mr. Yan Jianguo (Chairman and Chief Executive Officer), Mr. Luo Liang and Mr. Guo Guanghui are the executive directors; Mr. Chang Ying is the non-executive director; and Mr. Lam Kwong Siu, Dr. Fan Hsu Lai Tai, Rita and Mr. Li Man Bun, Brian David are the independent non-executive directors of the Company.