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 the Cayman Islands with limited liability)

(Stock code: 1109)

VOLUNTARY ANNOUNCEMENT

LAND ACQUISITION UPDATE

FOR THE MONTH ENDED 29 FEBRUARY 2020

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 29 February 2020 (the "Land Acquisition Update").

In February 2020, the Group acquired 7 land parcels in Jiaxing, Wuhan, Beijing, Yantai and Xuzhou with total gross floor area ("GFA") of approximately 1,035,072 square meters. The attributable land premium payable by the Group of the land acquisition amounted to approximately RMB 10.875 billion.

Details of the Group's land acquisitions in February 2020 are set out in below table for reference:

Total

Attributable

Land

Attributable

Interest

Land

No.

Month

City

Project Name

GFA

GFA

Premium

(%)

Premium

(sqm)

(sqm)

(RMB mn)

(RMB mn)

Central Yingfeng Road South

1

Feb

Jiaxing

Runfeng Pedestrian Street

100%

160,848

160,848

1,016

1,016

Commercial Residential and Office

Project

2

Feb

Wuhan

Wuchang District Jiyuqiao

49%

151,200

74,088

1,680

823

Residential Project

3

Feb

Beijing

Tongzhou District Yizhuang New

49%

220,185

107,891

4,670

2,288

Town Majuqiao Residential project

4

Feb

Beijing

Haidian District Xibeiwang Town

35%

107,538

37,638

5,440

1,904

Residential Project

5

Feb

Yantai

Zhifu District CR Shuangchenghui

51%

123,430

62,949

385

196

Commercial Residential Project

6

Feb

Beijing

Haidian District Xindian South

45%

162,845

73,280

7,600

3,420

Project

7

Feb

Xuzhou

Yunlong District Dongdianzi

100%

109,026

109,026

1,227

1,227

Residential Project

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-yearlybasis. 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 2020

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

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China Resources Land Limited published this content on 12 March 2020 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 12 March 2020 11:25:12 UTC