Modern Land China : UNAUDITED OPERATING STATISTICS FOR THE TWO MONTHS ENDED 28 FEBRUARY 2021

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MODERN LAND (CHINA) CO., LIMITED ຅˾ໄุ€ʕ਷Ϟࠢʮ̡

(Incorporated in the Cayman Islands with limited liability)

(Stock Code: 1107)

UNAUDITED OPERATING STATISTICS FOR THE TWO MONTHS

ENDED 28 FEBRUARY 2021

The board (the "Board") of directors (the "Director(s)") of Modern Land (China) Co., Limited (the "Company", together with its subsidiaries, the "Group") is pleased to announce the Group's unaudited operating statistics for the two months ended 28 February 2021 as follows:

• • For the two months ended 28 February 2021, contracted sales of the Group amounted to approximately RMB5,643.37 million, of which, contracted sales of properties amounted to approximately RMB5,598.23 million, whereas contracted sales of car parking spaces amounted to approximately RMB45.14 million. Gross floor area ("GFA") sold for properties was approximately 550,036 square metres ("sq.m."), with an average selling price of approximately RMB10,178 per sq.m..

• • In February 2021, contracted sales of the Group amounted to approximately RMB3,207.73 million, of which, contracted sales of properties amounted to approximately RMB3,185.18 million, whereas contracted sales of car parking spaces amounted to approximately RMB22.55 million. GFA sold for properties was approximately 307,449 sq.m., with an average selling price of approximately RMB10,360 per sq.m..

The above-mentioned operating statistics are unaudited and are based on preliminary internal information of the Group, which may differ from the figures to be disclosed in the audited or unaudited consolidated financial statements to be published by the Company on an annual or half yearly basis due to various uncertainties during the process of collecting such sales statistics.

As such, the above statistics are provided for investors' reference only, and do not constitute, nor should they be construed as, an invitation or solicitation to sell or purchase any securities or financial products of the Company. They should not be used as a basis for research reports, and are not intended to, nor should they constitute any investment advice. Investors are advised to exercise caution and not to place undue reliance on such information when dealing in the securities of the Company. When in doubt, investors are advised to seek professional advice from professional or financial advisors.

In order to enhance its transparency and strengthen its corporate governance, the Company has begun to announce the contracted sales figures on a monthly basis since September 2014.

By order of the Board Modern Land (China) Co., Limited

Zhang Peng

President and Executive Director

Hong Kong, 2 March 2021

As at the date of this announcement, the Board comprises nine Directors, namely executive Directors: Mr. Zhang Lei, Mr. Zhang Peng and Mr. Chen Yin; non-executive Directors: Mr. Fan Qingguo, Mr. Chen Zhi-wei and Mr. Zeng Qiang; and independent non-executive Directors: Mr. Cui Jian, Mr. Hui Chun Ho, Eric and Mr. Gao Zhikai.