China Resources Land : VOLUNTARY ANNOUNCEMENT-LAND ACQUISITION UPDATE FOR THE MONTH ENDED 31 JULY 2020

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(Incorporated in the Cayman Islands with limited liability)

(Stock code: 1109)

VOLUNTARY ANNOUNCEMENT

LAND ACQUISITION UPDATE

FOR THE MONTH ENDED 31 JULY 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 31 July 2020 (the "Land Acquisition Update").

In July 2020, the Group acquired 7 land parcels in Hohhot, Xi'an, Shenyang, Ji'ning, Wuxi and Nanning with total gross floor area ("GFA") of approximately 1,467,059 square meters. The attributable land premium payable by the Group of the land acquisition amounted to approximately RMB8.07 billion.

Details of the Group's land acquisitions in July 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)
										Xincheng District Qinyuan
1			Jul		Hohhot		Road West Residential	100%		96,495		96,495		420		420
										Project
										International Trade and
2			Jul		Xi'an		Logistics Park Commercial	100%		368,011		368,011		1,368		1,368
										and Residential Project
3			Jul		Shenyang		Sujiatun District Jiuli East	100%		204,146		204,146		1,102		1,102
				Residential Project
										Hi-tech District Commercial
4			Jul		Ji'ning		and Residential Project	36%		213,358		76,809		659		237
										Phase II
										Jiangyin Chengjiang Street
										Yongfengyu No.72
5			Jul		Wuxi		Commercial and Residential	100%		467,626		467,626		4,318		4,318
										and No.73 Residential
										Project
										Dadong District Yulin
6			Jul		Shenyang		Avenue No.3 Residential	100%		114,962		114,962		621		621
										Project
7			Jul		Nanning		Qingxiu District Nanhuan	50%		2,461		1,231		14		7
				Road Commercial 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 Aug 2020

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. Shen Tongdong and Mr. Wu Bingqi; 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.