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    688   HK0688002218

CHINA OVERSEAS LAND & INVESTMENT LIMITED

(688)
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China Overseas Land & Investment : PROPERTY SALES AND LAND ACQUISITION UPDATES FOR THE FOUR MONTHS ENDED 30 APRIL 2021

05/06/2021 | 04:12pm EDT

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 FOUR MONTHS ENDED 30 APRIL 2021

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 four months ended 30 April 2021 (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 April 2021, the contracted property sales of the China Overseas Series of Companies amounted to approximately RMB31.726 billion, with a year-on-year increase of 13.5%; and the corresponding gross floor area ("GFA") sold was approximately 1,485,100 square meters, remained flat year-on-year. Details of the contracted property sales and the corresponding GFA are set out in Table 1 below.

From January to April 2021, the accumulated contracted property sales of the China Overseas Series of Companies amounted to approximately RMB121.137 billion and the accumulated corresponding GFA sold was approximately 5,914,900 square meters, with year-on-year increase of 38.2% and 23.5% respectively.

In addition, as at 30 April 2021, the China Overseas Series of Companies had recorded subscribed property sales of approximately RMB30.396 billion, which are expected to be turned into contracted property sales in the following months.

1

Table 1: Contracted property sales of and the corresponding GFA sold by the China Overseas Series of Companies for April 2021

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

46.91

17.52

Hua Dong Region

49.50

13.58

Hua Bei Region

78.02

25.55

Northern Region

15.32

9.66

Western Region

27.27

19.44

Hong Kong and Macau

0.82

0.06

Sub-total for the

Company

and its

217.84

85.82

subsidiaries

Joint ventures and associates of the

37.82

14.86

Company

China Overseas

Grand

Oceans

61.60

47.83

Group Limited

Total

317.26

148.51

2

2. Land Acquisition Update

For April 2021, the Company (together with its subsidiaries (collectively, the "Group")) acquired 1 land parcel in Chongqing with an aggregate attributable GFA of approximately 37,597.00 square meters. The land premium payable by the Group in respect of the relevant land acquisition amounted to approximately RMB364.00 million. From January to April 2021, the aggregate attributable GFA of the land acquired by the Group was approximately 1,880,754.32 square meters and the aggregate land premium payable by the Group amounted to approximately RMB17,992.55 million.

In addition, for April 2021, China Overseas Grand Oceans Group Limited ("COGO", together with its subsidiaries (collectively, the "COGO Group")) acquired 1 land parcel in Weifang, Shandong Province with an aggregate attributable GFA of approximately 60,972.00 square meters. The land premium payable by the COGO Group in respect of such land parcel amounted to approximately RMB123.37 million.

Details of the land acquisitions by the Group and COGO Group are set out in Table 2 below.

Table 2: Details of the land acquisitions acquired by the Group during April 2021

Land parcels acquired by the Group during April 2021

City in which

Percentage

Attributable

Land premium

Name of development

interest

Land area

Total GFA

No.

land acquired

GFA

(RMB mn)

project

attributable to

(sq.m.)

(sq.m.)

is located

(sq.m.)

(Note 2)

the Company

1

Chongqing

Yubei District Project

100%

9,512.00

37,597.00

37,597.00

364.00

Sub-total for the Group:

9,512.00

37,597.00

37,597.00

364.00

Land acquisitions by the COGO Group during April 2021

Land area

Total GFA

Attributable

Land premium

GFA

(RMB mn)

(sq.m.)

(sq.m.)

(sq.m.)

(Note 2)

Sub-total for the COGO Group:

19,038.00

60,972.00

60,972.00

123.37

TOTAL:

28,550.00

98,569.00

98,569.00

487.37

3

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.

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 Executive Director

Hong Kong, 6 May 2021

As at the date of this announcement, Mr. Yan Jianguo (Chairman), Mr. Luo Liang (Vice Chairman), Mr. Zhang Zhichao (Chief Executive Officer) and Mr. Guo Guanghui are the executive directors of the Company; Mr. Zhuang Yong (Vice Chairman) and Mr. Chang Ying are the non-executive directors of the Company; and Dr. Fan Hsu Lai Tai, Rita, Mr. Li Man Bun, Brian David and Professor Chan Ka Keung, Ceajer are the independent non-executive directors of the Company.

4

Disclaimer

China Overseas Land & Investment Limited published this content on 06 May 2021 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 06 May 2021 19:34:15 UTC.


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Sales 2021 257 B 33 079 M 33 079 M
Net income 2021 52 426 M 6 738 M 6 738 M
Net Debt 2021 91 409 M 11 748 M 11 748 M
P/E ratio 2021 3,78x
Yield 2021 7,65%
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Nbr of Employees 6 134
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Managers and Directors
Zhi Chao Zhang Chief Executive Officer & Executive Director
Sai Kit Lui Chief Financial Officer
Jian Guo Yan Chairman
Liang Luo Vice Chairman, COO, Chief Architect & EVP
Lai Tai Fan Hsu Independent Non-Executive Director