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    1109   KYG2108Y1052

CHINA RESOURCES LAND LIMITED

(1109)
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China Resources Land : VOLUNTARY ANNOUNCEMENT-LAND ACQUISITION UPDATE FOR THE MONTH ENDED 31 AUGUST 2020

09/11/2020 | 04:45am EDT

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 31 AUGUST 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 August 2020 (the "Land Acquisition Update").

In August 2020, the Group acquired 6 land parcels in Changsha, Chongqing, Xiamen, Guangzhou and Haikou with total gross floor area ("GFA") of approximately 1,318,943 square meters. The attributable land premium payable by the Group of the land acquisition amounted to approximately RMB12.19 billion.

Details of the Group's land acquisitions in August 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)

1

Aug

Changsha

Yuelu District Lianshan

100%

161,977

161,977

1,215

1,215

Road Residential Project

Jiulongpo District

2

Aug

Chongqing

Dayangshi Residential

100%

174,914

174,914

1,930

1,930

Project

Xiang'an District No.2

3

Aug

Xiamen

Binhai East Avenue

100%

113,600

113,600

2,685

2,685

Commercial and Residential

Project

4

Aug

Guangzhou

Zengcheng District Xintang

60%

599,346

359,608

4,124

3,970

Lijiao Residential Project

Longhua District Pobo

5

Aug

Haikou

Poxiang Area Residential

100%

73,037

73,037

820

820

Project

Qiongshan District

6

Aug

Haikou

Binjiangxincheng Phase II

100%

196,069

196,069

1,570

1,570

Commercial and 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, 11 September 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.

This is an excerpt of the original content. To continue reading it, access the original document here.

Disclaimer

China Resources Land Limited published this content on 11 September 2020 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 11 September 2020 08:44:03 UTC


ę Publicnow 2020
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Number of Analysts 25
Average target price 47,07 HKD
Last Close Price 33,70 HKD
Spread / Highest target 102%
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Managers and Directors
NameTitle
Xin Li Co-President & Executive Director
Da Wei Zhang Vice Chairman & Co-President
Shi Qing Guo Chief Financial Officer & Executive Director
Xiang Ming Wang Chairman
Tong Dong Shen Chief Information Officer