China Overseas Land & Investment : PROPERTY SALES AND LAND ACQUISITION UPDATES FOR THE MONTH ENDED 31 JANUARY 2020

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)

PROPERTY SALES AND LAND ACQUISITION UPDATES

FOR THE MONTH ENDED 31 JANUARY 2020

China Overseas Land & Investment Limited (the "Company") is pleased to announce certain operating data of the Company, together with its subsidiaries, joint ventures and associates (collectively, the "China Overseas Series of Companies") for the month ended 31 January 2020 (the "Property Sales and Land Acquisition Updates"). This announcement is also available on the website of the Company (www.coli.com.hk).

1. Property Sales Update

For January 2020, the contracted property sales of the China Overseas Series of Companies amounted to approximately RMB20.276 billion and the corresponding gross floor area ("GFA") sold was approximately 1,103,100 square meters, with year-on-year decrease of 17.9% and year- on-year decrease of 11.9% respectively. Details of the contracted property sales and the corresponding GFA are set out in Table 1 below.

In addition, as at 31 January 2020, the China Overseas Series of Companies had recorded subscribed property sales of approximately RMB16.468 billion, which are expected to be turned into contracted property sales in the following months.

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Table 1: Contracted property sales of and the corresponding GFA sold by the China Overseas Series of Companies for January 2020

	Contracted property sales	Contracted area sold
	GFA
	(RMB'00 million)
	('0000 sq.m.)
The Company and its subsidiaries
Regional Breakdown(Note 1)

Hua Nan Region	28.39	13.94
Hua Dong Region	30.70	11.90
Hua Bei Region	32.09	14.39
Northern Region	24.45	17.97
Western Region	26.53	14.19
Hong Kong and Macau	2.13	0.12
Sub-total for the Company and its	144.30	72.51
subsidiaries
Joint ventures and associates of the	30.21	10.54
Company
China Overseas Grand Oceans	28.25	27.26
Group Limited
Total	202.76	110.31

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2. Land Acquisition Update

For January 2020, the Company (together with its subsidiaries (collectively, the "Group")) acquired 2 land parcels in Shanghai and Beijing with aggregate attributable GFA of approximately 391,816.57 square meters, of which one will be developed in form of cooperation project. The land premium payable by the Group in respect of the relevant land acquisitions amounted to approximately RMB8,039.67 million. Details of the land acquisitions by the Group are set out in Table 2 below.

In addition, for January 2020, China Overseas Grand Oceans Group Limited ("COGO", together with its subsidiaries (collectively, the "COGO Group")) acquired one land parcel in Taizhou, Jiangsu Province with an attributable GFA of 225,857.00 square meters. The land premium payable by the COGO Group in respect of such land parcel amounted to approximately RMB1,065.00 million.

Table 2: Details of the land acquisitions acquired during January 2020

Land parcels acquired by the Group during January 2020

		City in which	Name of	Percentage			Attributable	Land
	Date of	land	interest	Land area	Total GFA	premium
No.	development	GFA
acquisition	acquired is	attributable to	(sq.m.)	(sq.m.)	(RMB mn)
	project	(sq.m.)
		located	the Company			(Note 2)
1	January	Shanghai	Putuo District	70%	41,862.30	397,565.10	278,295.57	4,389.67
Project
2	January	Beijing	Shijingshan	100%	26,794.69	113,521.00	113,521.00	3,650.00
District Project
			Sub-total for the Group:	68,656.99	511,086.10	391,816.57	8,039.67
Land acquisitions by the COGO Group during January 2020
							Attributable	Land
					Land area	Total GFA	premium
					GFA
					(sq.m.)	(sq.m.)	(RMB mn)
					(sq.m.)
							(Note 2)
			Sub-total for the COGO Group:	99,056.00	225,857.00	225,857.00	1,065.00
				TOTAL:	167,712.99	736,943.10	617,673.57	9,104.67

Note:

1. The regional breakdown is based on the locations of the regional headquarters responsible for the management of the relevant development projects, and is for reference only. The updates for cities covered in each region are set out in the annual report and interim report of the Company.
2. The land premium represents the full sum of land premium payable by the Group in respect of the relevant acquisition.

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Please be informed that the Property Sales and Land Acquisition Updates have been prepared based on internal management records of the China Overseas Series of Companies 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 collecting and collating such data. The Property Sales and Land Acquisition Updates do not constitute, nor should they 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. They do not and are not intended to provide any investment service or investment advice.

Shareholders of the Company and potential investors should exercise caution when investing or dealing in the securities of the Company. You are also recommended to consult your own professional or financial advisers if you are in any doubt as to your investment positions.

By Order of the Board

China Overseas Land & Investment Limited

Yan Jianguo

Chairman and Chief Executive Officer

Hong Kong, 6 February 2020

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.

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