China Overseas Land & Investment : ANNOUNCEMENT MADE PURSUANT TO RULES 13.51B(2) AND 13.51(2) OF THE LISTING RULES

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)

ANNOUNCEMENT MADE PURSUANT TO

RULES 13.51B(2) AND 13.51(2) OF THE LISTING RULES

This announcement is made by China Overseas Land & Investment Limited (the "Company") pursuant to Rules 13.51B(2) and 13.51(2) of the Rules Governing the Listing of Securities on The Stock Exchange of Hong Kong Limited (the "Listing Rules").

The Company has been notified by Mr. Li Man Bun, Brian David ("Mr. Li") and Dr. Fan Hsu Lai Tai, Rita ("Dr. Fan"), Independent Non-Executive Directors of the Company, that, on 17 September 2020, the Securities and Futures Commission ("SFC") issued a press release in connection with its enforcement action taken against The Bank of East Asia, Limited ("BEA") in respect of regulatory breaches related to the manner in which BEA held securities in two external custodian accounts (the "Press Release").

Although Mr. Li is an Executive Director and Dr. Fan is an Independent Non-Executive Director of BEA, at the time of the publication of the Press Release, each of them has confirmed to the Company that he/she was not the subject of the SFC's enforcement action which, according to the Press Release, only concerns BEA, nor did he/she have any involvement in the regulatory breaches to which the enforcement action relates.

For and on behalf of

China Overseas Land & Investment Limited

Yan Jianguo

Chairman and Executive Director

Hong Kong, 18 September 2020

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; Mr. Zhuang Yong (Vice Chairman) and Mr. Chang Ying are the non-executive directors; 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.