China Overseas Land & Investment : PROPERTY SALES AND LAND ACQUISITION UPDATES FOR THE THREE MONTHS ENDED 31 MARCH 2021

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(incorporated in Hong Kong with limited liability)

(Stock Code: 688)

PROPERTY SALES AND LAND ACQUISITION UPDATES

FOR THE THREE MONTHS ENDED 31 MARCH 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 three months ended 31 March 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 March 2021, the contracted property sales of the China Overseas Series of Companies amounted to approximately RMB38.832 billion and the corresponding gross floor area ("GFA") sold was approximately 1,887,000 square meters, with year-on-year increase of 45.0% and 26.1% respectively. Details of the contracted property sales and the corresponding GFA are set out in Table 1 below.

From January to March 2021, the accumulated contracted property sales of the China Overseas Series of Companies amounted to approximately RMB89.411 billion and the accumulated corresponding GFA sold was approximately 4,429,700 square meters, with year-on-year increase of 49.7% and 34.0% respectively.

In addition, as at 31 March 2021, the China Overseas Series of Companies had recorded subscribed property sales of approximately RMB26.522 billion, which are expected to be turned into contracted property sales in the following months.

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Table 1: Contracted property sales of and the corresponding GFA sold by the China Overseas Series of Companies for March 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		73.38	23.61
Hua Dong Region		61.77	18.52
Hua Bei Region		73.04	30.36
Northern Region		20.95	14.76
Western Region		29.35	14.95
Hong Kong and Macau		1.60	0.09
Sub-total for the	Company	and its	260.08	102.30
subsidiaries
Joint ventures and associates of the	56.94	32.63
Company
China Overseas	Grand	Oceans	71.30	53.77
Group Limited
Total			388.32	188.70

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2. Land Acquisition Update

For March 2021, the Company (together with its subsidiaries (collectively, the "Group")) acquired 3 land parcels in Suzhou, Dongguan and Zhengzhou with an aggregate attributable GFA of approximately 896,719.50 square meters. The land premium payable by the Group in respect of the relevant land acquisitions amounted to approximately RMB7,665.58 million. From January to March 2021, the aggregate attributable GFA of the land acquired by the Group was approximately 1,843,157.32 square meters and the aggregate land premium payable by the Group amounted to approximately RMB17,628.55 million.

In addition, for March 2021, China Overseas Grand Oceans Group Limited ("COGO", together with its subsidiaries (collectively, the "COGO Group")) acquired 5 land parcels in Hefei, Anhui Province, Xining, Qinghai Province, Quanzhou, Fujian Province and Shantou, Guangdong Province with an aggregate attributable GFA of 1,330,658.00 square meters. The land premium payable by the COGO Group in respect of such land parcels amounted to approximately RMB5,513.93 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 March 2021

Land parcels acquired by the Group during March 2021

		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	(sq.m.)	(sq.m.)	(RMB mn)
	project	(sq.m.)
		located	the Company			(Note 2)
1	March	Suzhou	Industrial Park	100%	19,625.66	413,389.00	413,389.00	648.10
District Project
2	March	Dongguan	Dalang Town Project	100%	77,682.67	248,599.50	248,599.50	3,597.48
3	March	Zhengzhou	Zhengdong New	100%	79,579.35	234,731.00	234,731.00	3,420.00
District Project
			Sub-total for the Group:	176,887.68	896,719.50	896,719.50	7,665.58

Land acquisitions by the COGO Group during March 2021

			Attributable	Land
	Land area	Total GFA	premium
	GFA
	(sq.m.)	(sq.m.)	(RMB mn)
	(sq.m.)
			(Note 2)
Sub-total for the COGO Group:	400,463.00	1,330,658.00	1,330,658.00	5,513.93
TOTAL:	577,350.68	2,227,377.50	2,227,377.50	13,179.51

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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, 9 April 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.

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