China Overseas Land & Investment : Announcements and Notices - Land Acquisition Update (for the Five Months Ended 31 May 2019)

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(incorporated in Hong Kong with limited liability)

(Stock Code: 688)

LAND ACQUISITION UPDATE

FOR THE FIVE MONTHS ENDED 31 MAY 2019

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 five months ended 31 May 2019 (the "Land Acquisition Update"). The Land Acquisition Update is also available on the website of the Company (www.coli.com.hk).

For May 2019, the Company (together with its subsidiaries (collectively, the "Group")) acquired 2 land parcels in Hong Kong and Shenyang with aggregate attributable gross floor area ("GFA") of approximately 222,412.80 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 RMB2,790.09 million.

In addition, for May 2019, COGO (together with its subsidiaries (collectively, the "COGO Group")) acquired 1 land parcel in Jilin, Jilin Province with an attributable GFA of 632,824.00 square meters. The land premium payable by the COGO Group in respect of such land parcel amounted to approximately RMB1,011.51 million.

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

Land parcels acquired by the Group in 2019

		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	2	2	(RMB mn)
	project	(m )	(m )	2
		located	the Company			(m )	(Note 1)
1	February	Shanghai	Putuo District	100%	30,603.00	121,189.00	121,189.00	3,979.00
Project
2	February	Taiyuan	Wanbailin	100%	45,095.76	220,141.00	220,141.00	358.40
District Project
3	February	Beijing	Daxing District	100%	79,276.91	273,372.00	273,372.00	4,440.00
Project
4	March	Shenyang	Shenbei New	100%	124,689.00	418,064.00	418,064.00	1,558.61
District Project
5	March	Shijiazhuang	Zhengding New	100%	50,338.71	136,965.45	136,965.45	800.00
District Project
6	March	Foshan	Shunde District	100%	76,338.65	231,300.00	231,300.00	1,849.62
Project
7	March	Dalian	Ganjingzi	100%	81,514.10	201,300.00	201,300.00	982.68
District Project
8	March	Hong Kong	Kai Tak Project	30%	9,583.00	67,081.00	20,124.30	2,534.59
#1	(Note 2)
9	April	Guangzhou	Liwan District	100%	12,460.00	78,956.00	78,956.00	1,965.71
Project
10	April	Guangzhou	Panyu District	100%	28,801.00	123,247.00	123,247.00	1,390.67
Project
11	April	Dongguan	Wanjiang	100%	25,534.59	123,345.00	123,345.00	1,437.86
District Project
12	April	Xiamen	Jimei District	100%	44,628.46	183,657.00	183,657.00	3,860.00
Project
13	April	Shenyang	Heping District	100%	2,982.32	6,561.10	6,561.10	27.56
Project
14	April	Hangzhou	Xiacheng	100%	24,598.00	96,665.00	96,665.00	1,734.75
District Project
15	April	Suzhou	Industrial Park	100%	78,440.69	184,973.84	184,973.84	3,563.60
District Project
16	April	Ningbo	Haishu District	100%	71,182.00	233,790.00	233,790.00	3,397.16
Project
17	May	Hong Kong	Kai Tak Project	18%	9,765.00	107,760.00	19,396.80	1,948.93
#2	(Note 3)
18	May	Shenyang	Hunnan District	100%	71,986.03	203,016.00	203,016.00	841.16
			Sub-total for the Group:	867,817.22	3,011,383.39	2,876,063.49	36,670.30
Land acquisitions by the COGO Group in 2019
							Attributable	Land
					Land area	Total GFA	premium
					GFA
					2	2	(RMB mn)
					(m )	(m )	2
							(m )	(Note 1)
			Sub-total for the COGO Group:	725,321.00	2,344,189.00	2,344,189.00	10,165.53
				TOTAL:	1,593,138.22	5,355,572.39	5,220,252.49	46,835.83

Notes:

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. Exchange rate of HK$ to RMB is 0.854.
3. Exchange rate of HK$ to RMB is 0.86.

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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, 6 June 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.

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