China Resources Land : VOLUNTARY ANNOUNCEMENT-LAND ACQUISITION UPDATE FOR THE MONTH ENDED 31 JANUARY 2020

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(Incorporated in the Cayman Islands with limited liability)

(Stock code: 1109)

VOLUNTARY ANNOUNCEMENT

LAND ACQUISITION UPDATE

FOR THE MONTH ENDED 31 JANUARY 2020

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 31 January 2020 (the "Land Acquisition Update").

In January 2020, the Group acquired 4 land parcels in Zhengzhou, Guangzhou, Xi'an and Wuhan with total gross floor area ("GFA") of approximately 905,169 square meters. The attributable land premium payable by the Group of the land acquisition amounted to approximately RMB 5,346 million.

Details of the Group's land acquisitions in January 2020 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)

Economic-Technological

1

Jan

Zhengzhou

Development Area Fu Tower

100%

167,981

167,981

1,647

1,647

Residential Project

Zengcheng District Zhongxin

2

Jan

Guangzhou

Town Sanjing Villiage

50%

83,775

41,888

929

465

Commercial and Residential

Project

Qujiang New District CCBD

3

Jan

Xi'an

Commercial and Residential

70%

543,516

380,461

3,473

2,431

Project

Donghu High-tech District

4

Jan

Wuhan

Qinyun Road Residential

50%

109,897

54,949

1,608

804

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

LI Xin

President

PRC, 20 February 2020

As at the date of this announcement, the executive directors of the Company are 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.Wang Xiangming, 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.