China Resources Land : VOLUNTARY ANNOUNCEMENT-LAND ACQUISITION UPDATE FOR THE MONTH ENDED 28 FEBRUARY 2021

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(Incorporated in the Cayman Islands with limited liability)

(Stock code: 1109)

VOLUNTARY ANNOUNCEMENT

LAND ACQUISITION UPDATE

FOR THE MONTH ENDED 28 FEBRUARY 2021

China Resources Land Limited (the "Company") is pleased to provide its shareholders update on land acquisitions carried out by the Company and its subsidiaries (the "Group"), for the month ended 28

February 2021 (the "Land Acquisition Update").

In February 2021, the Group acquired 7 land parcels in Taiyuan, Beijing, Wuxi, Changsha, Shenyang, Qingdao and Fuzhou with total gross floor area ("GFA") of approximately 1,701,982 square meters. The attributable land premium payable by the Group of the land acquisition amounted to approximately RMB13.99 billion.

Details of the Group's land acquisitions in February 2021 are set out in below table for reference:

No.	Month	City	Project Name	Interest (%)	Total GFA (sqm)	Attributable GFA (sqm)	Land Premium (RMB mn)	Attributable Land Premium (RMB mn)
1	Feb	Taiyuan	Xiaodian District Wucheng Village Commercial and Residential Project 4th Batch (Plot 5)	50%	1,692	846	6	3
2	Feb	Beijing	Shunyi District International Exhibition phase III Residential Project	50%	262,859	131,430	8,577	4,289
3	Feb	Wuxi	Binhu District Xiyuanli Commercial, Residential and Office Project	100%	132,597	132,597	1,532	1,532
4	Feb	Changsha	Yuelu District Tongzipo Road Commercial and Residential Project	100%	547,340	547,340	3,722	3,722
5	Feb	Shenyang	Shenhe District Publishing Group Residential Project	100%	54,560	54,560	492	492
6	Feb	Qingdao	Jiaozhou China Resources City 4-2 Residential Project	79%	85,968	67,915	210	166
7	Feb	Fuzhou	Changle District Binhai xincheng Commercial and Residential Project	100%	616,965	616,965	3,788	3,788

The preliminary figures disclosed above are derived from the Group's internal management records and subject to change and may differ from those appear in the audited and unaudited financial statements of the Group to be published on yearly and half-yearly basis. They shall not be taken as a measure or indication of the Group's current or future operating or financial performance. As such they are strictly for information only and not for any other purpose. Investors are advised not to place any reliance on the information disclosed herein but to exercise due caution when dealing in the securities of the Company. 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 or associates. Any investor who is in doubt is advised to seek advice from professional advisors.

By Order of the Board China Resources Land Limited

LI Xin

President

PRC, 12 March 2021

As at the date of this announcement, the non-executive directors of the Company are Mr. Wang Xiangming, Mr. Yan Biao, Mr. Chen Ying, Mr. Wang Yan and Mr. Chen Rong; the executive directors of the Company are Mr. Li Xin, Mr. Zhang Dawei, Mr. Xie Ji, Mr. Wu Bingqi and Mr. Guo Shiqing; and the independent non-executive directors of the Company are Mr. Ho Hin Ngai, Bosco, Mr. Andrew Y. Yan, Mr. Wan Kam To, Peter, Mr. Zhong Wei and Mr. Sun Zhe.