China Overseas Land & Investment : and Investment Limited Announces Property Sales Results for March 2019

(Hong Kong, 4 April 2019) China Overseas Land and Investment Limited (the 'Company'; Stock Code: 0688.HK) announced that, for March 2019, the contracted property sales of the Company, together with its subsidiaries, joint ventures and associates (collectively the 'China Overseas Series of Companies') amounted to approximately HK$29.428 billion and the corresponding gross floor area ('GFA') sold was approximately 1,338,600 square meters.

As at 31 March 2019, the China Overseas Series of Companies had recorded subscribed property sales of approximately HK$34.777 billion, which are expected to be turned into contracted property sales in the following months.

In March, the Company (together with its subsidiaries (collectively, the 'Group')) acquired 4 land parcels in Shenyang, Shijiazhuang, Foshan, Dalian and Hong Kong with aggregate attributable gross floor area ('GFA') of approximately 1,007,753.75 square meters. The land premium payable by the Group in respect of the relevant land acquisitions amounted to approximately RMB7,725.50 million.

For March 2019, the Group acquired Suzhou International Fortune Plaza, including two Super Grade A Office buildings and one commercial podium, with aggregate attributable GFA of approximately 171,700.00 square meters, of which approximately 130,000.00 square meters are leasable area from office buildings and commercial podium. The total consideration was approximately RMB1,964.00 million (including VAT).

Note: In view of the uncertainties involved in investment and sales process, discrepancies may exist between the above figures and those disclosed in our regular reports. As such, the above is for reference only.