China Overseas Land & Investment Limited Enters into New Services Framework Agreement and New Property Management Utilities Charges Agreement with China Overseas Property Holdings Limited

China Overseas Land & Investment Limited entered into the New Services Framework Agreement on April 29, 2026 for a term of three years commencing from July 1, 2026 and ending on June 30, 2029 (both dates inclusive), subject to the Services Caps. Subject Matter: Pursuant to the New Services Framework Agreement, the Company and COPL agreed, among other things, that: (a) any member of the Group and any member of COPL Group may enter into the Services Transactions in accordance with the terms of the New Services Framework Agreement in the ordinary and usual course of their respective businesses within the limit of the Services Caps, on a non-exclusive basis as and when reasonably required. COPL Group shall also ensure that all Services Transactions will be entered into with COLI Associated Companies on the same basis.

(b) the Group may invite COPL Group to participate in competitive tenders to provide the Services to the Group in respect of the Properties. COPL Group may tender for the provision of the Services to the Group in accordance with the tendering procedures of the Group from time to time and on the same and normal terms as offered to other independent third-party service providers. (c) if any contract of the Group is awarded to COPL Group as a result of the above tender, COPL Group may provide the Services to the Group in respect of the Properties based on the terms of the successful tender provided that the maximum aggregate amounts payable by the Group under the New Services Framework Agreement (i.e. the Services Caps) for each period/year commencing from July 1, 2026 and ending on June 30, 2029 shall not exceed the following Services Caps: For the period from July 1, 2026 to December 31, 2026 RMB 800 million; For the financial year ending December 31, 2027 RMB 1,500 million; For the financial year ending December 31, 2028 RMB 1,650 million; For the period from January 1, 2029 to June 30, 2029 RMB 950 million.

The Company entered into the Existing Property Management Utilities Charges Agreement dated April 28, 2023 with COPL in respect of the consolidation of utilities charges (incurred in respect of individual units of the Properties managed by COPL Group) by COPL Group and payment to the Group, as landlords, on behalf of the tenants of such units from time to time. The Existing Property Management Utilities Charges Agreement will expire on June 30, 2026 and the Directors expect that COPL Group will continue to consolidate and make payment of utilities charges (incurred in respect of individual units of the Properties managed by COPL Group, and in addition, the public areas in the commercial segment of the Properties managed by COPL Group) to the Group, as landlords, on behalf of the tenants of such units and owners of such public areas from time to time. In this connection, on April 29, 2026, the Company and COPL entered into the New Property Management Utilities Charges Agreement for a term of three years commencing from July 1, 2026 and ending on June 30, 2029 (both dates inclusive), subject to the Utilities Charges Caps.

The principal terms of the New Property Management Utilities Charges Agreement are summarised as follows: Date April 29, 2026. Parties: 1. The Company; and 2. COPL. Term: The New Property Management Utilities Charges Agreement has a term of three years commencing from July 1, 2026 and ending on June 30, 2029 (both dates inclusive).

Subject Matter: Pursuant to the New Property Management Utilities Charges Agreement, any member of the Group and any member of COPL Group may enter into the Utilities Charges Transactions in accordance with the terms of the New Property Management Utilities Charges Agreement in the ordinary and usual course of their respective businesses, on a non-exclusive basis as and when reasonably required, subject to the Utilities Charges Caps. COPL Group shall also ensure that all Utilities Charges Transactions will be entered into with the COLI Associated Companies on the same basis. In respect of each particular Utilities Charges Transaction, individual written agreement may be entered into by the relevant parties, setting out other detailed terms and conditions (including but not limited to, where applicable, the term of the agreement, the relevant property concerned, and the amount of the utilities charges).

The New Property Management Utilities Charges Agreement shall prevail to the extent of any inconsistency with any such individual agreement. The utilities charges will be determined with reference to the actual amount of utilities cost being charged by the independent third party utilities services provider(s) to the Group without any mark-up. Utilities charges are payable by COPL Group on a monthly basis and in accordance with the terms of the specific individual agreements.

The maximum aggregate amounts in relation to the Utilities Charges Transactions for each period/year commencing from July 1, 2026 and ending on June 30, 2029 shall not exceed the following Utilities Charges Caps: For the period from July 1, 2026 to December 31, 2026 RMB 240 million; For the financial year ending December 31, 2027 RMB 390 million; For the financial year ending December 31, 2028 RMB 390 million; For the period from January 1, 2029 to June 30, 2029 RMB 200 million. The Utilities Charges Caps are calculated with reference to: (i) the historical amounts for utilities charges paid by COPL Group to the Group, being (i) approximately RMB 80 million for the period from July 1, 2023 to December 31, 2023; (ii) approximately RMB 147 million for the financial year ended December 31, 2024; (iii) approximately RMB 154 million for the financial year ended December 31, 2025; and (iv) approximately RMB 12 million for the period from January 1, 2026 to March 31, 2026; (ii) the expected increase in scope for the Utilities Charges Transactions pursuant to the New Property Management Utilities Charges Agreement, which will extend to include utilities charges incurred in respect of the public areas in the commercial segment of the Properties managed by COPL Group, with reference to the historical amounts for utilities directly paid by the owners of such public areas; and (iii) the expected increase in the number of Properties subject to the utilities charges payment arrangement.