Country Garden : GRANT OF SHARE OPTIONS

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.

COUNTRY GARDEN HOLDINGS COMPANY LIMITED 碧桂園控股有限公司

(Incorporated in the Cayman Islands with limited liability)

(Stock Code: 2007)

GRANT OF SHARE OPTIONS

This announcement is made by Country Garden Holdings Company Limited (the "Company") pursuant to Rule 17.06A of the Rules Governing the Listing of Securities (the "Listing Rules") on The Stock Exchange of Hong Kong Limited (the "Stock Exchange").

The board of directors (the "Board") of the Company hereby announces that on 26 March 2021, the Company has offered to grant to an executive director of the Company, namely Mr. MO Bin (the "Grantee") of 11,698,466 share options (the "Share Options" , each a "Share Option") under the share option scheme adopted by the Company on 18 May 2017 (the "Share Option Scheme") which, subject to the acceptance of the Share Options by the Grantee, will enable the Grantee, upon full exercise of all such Share Options, to subscribe for 11,698,466 new shares of HK$0.1 each (the "Share(s)") in the share capital of the Company for the subscription price per Share Option set out below (all subject to adjustments under the terms of the Share Option Scheme in accordance with Rule 17.03(13) of the Listing Rules), the Shares representing approximately 0.0531% of the issued share capital of the Company as at the date of this announcement.

Details of the Share Options granted are set out below:

Date of grant : 26 March 2021 (the "Date of Grant")

Subscription price of Share Options : HK$9.7300 per Share Option, representing the higher of: (i) the granted closing price of HK$9.7300 per Share as stated in the daily quotations sheets issued by the Stock Exchange on the Date of Grant; (ii) the average closing price of HK$9.3940 per Share as stated in the daily quotations sheets issued by the Stock Exchange for the five business days immediately preceding the Date of Grant; and (iii) the nominal value per Share

Total number of Share Options granted	:	11,698,466 Share Options (each Share Option shall entitle the
holder of the Share Option to subscribe for one Share)
Closing price of the Shares on the Date	:	HK$9.7300 per Share
of Grant
Average closing price of the Shares for	:	HK$9.3940 per Share
the five business days immediately
preceding the Date of Grant
Validity period of the Share Options	:	From the date of acceptance of the offer for the grant of Share
Options by the Grantee to 25 March 2031 (both days inclusive)
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Exercise period

:The Share Options are exercisable during the period commencing from 26 March 2021 to 25 March 2031 (both days inclusive)

The name of the Grantee and the number of the Share Options granted to him are as follows:Grantee

Number of Share Options granted

MO Bin

11,698,466

The grant of the Share Options to the above Grantee has been approved by the independent non-executive directors of the Company in accordance with Rule 17.04 of the Listing Rules.

By Order of the Board

Country Garden Holdings Company Limited

MO Bin

President and Executive Director

Foshan, Guangdong Province, the PRC, 26 March 2021

As of the date of this announcement, the executive directors of the Company are Mr. YEUNG Kwok Keung (Chairman), Ms. YANG Huiyan (Co-Chairman), Mr. MO Bin (President), Ms. YANG Ziying, Mr. YANG Zhicheng, Mr. SONG Jun and Mr. SU Baiyuan. The non-executive director of the Company is Mr. CHEN Chong. The independent non-executive directors of the Company are Mr. LAI Ming, Joseph, Mr. SHEK Lai Him, Abraham, Mr. TONG Wui Tung, Mr. HUANG Hongyan and Mr. TO Yau Kwok.

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