Shimao : 2021 February Investor’s Newsletter

Investor's Newsletter for February 2021

(March 5, 2021) Shimao Group Holdings Limited ("Shimao Group" or the "Company", and its subsidiaries, together the "Group", stock code: 813.HK) is pleased to announce certain unaudited operating statistics for February 2021.

From January to February
Contracted sales (RMB billion)	Y-o-Y change	Contracted sold area (sq. m.)	Y-o-Y change
2021	37.018	+121.6%	2,101,987	+119.3%
2020	16.709	958,713

In February 2021, the Group's contracted sales was RMB17.001 billion, the contracted sold area was 968,076 sq.m., representing year-on-year increases of 161.4% and 159.4% respectively. The average selling price for February was RMB17,561 per sq.m..

The Group's aggregated contracted sales for January and February 2021 amounted to RMB37.018 billion and the aggregated contracted sold area amounted to 2,101,987 sq.m., representing year-on-year increases of 121.6% and 119.3% respectively. The average selling price for the two months ended February 28, 2021 was RMB17,611 per sq.m..

News in brief:

• 1. The 2020 Annual Meeting of Shimao Group was successfully held. On February 7, the 2020 Annual Meeting of Shimao Group was held at Shanghai. Under the pandemic situation, this meeting was held both "online & offline". While summarizing the Group's results in 2020, the meeting also strengthened its direction of development and focus on stability, to be well poised for a good start of achieving "quality growth for five consecutive years". Mr. Hui Wing Mau, Chairman of Shimao Group, delivered an inspiring speech, pointing out the direction for Shimao to firmly follow the path of "quality growth". Mr. Hui Sai Tan, Jason, Vice Chairman and President of Shimao Group, stressed that Shimao will stick with the main development direction of "quality growth" along with the "Giant Aircraft Strategy" and the spirit of "steady advancement", fully upgrading the role from city operator to city empowerment.

• 2. Shimao Services (873.HK), the Company's subsidiary, was included in the Hang Seng Composite Index. On February 26, Hang Seng Indexes Company Limited announced the results of its review of the Hang Seng Family of Indexes for the quarter ended 31 December 2020. Shimao Services has been selected as a constituent stock of the Hang Seng Composite Index by Hang Seng Indexes Company Limited, with effect from 15 March 2021. Being enlisted as a constituent stock of the HSCI, it represents Shimao Services fulfills preliminary conditions to becoming a candidate for the "Shanghai Connect" and "Shenzhen Connect" Program. Such inclusion will expand the shareholder base and increase trading liquidity of the shares of Shimao Services, resulting in enhanced value of investment and reputation of the company in the capital market.

3. The sales centers of Shimao remained "No Closing during the Spring Festival". In response to the policy of staying local during the Chinese New Year, the sales centers of Shimao remained "No Closing during the Spring Festival". During the holidays, Mr. Hui Sai Tan, Jason, ViceChairman and President of Shimao Group, led the management team to visit projects to conduct in-depth investigation on the market as well as the multi-dimensional situation of projects. Mr. Hui recognized the determination our front-line staff in upholding "No Closing during the Spring Festival", conveying the belief of fighting in the New Year and encouraging everyone to stick with the spirit of "steady advancement". Starting from New Year's Eve, projects across the country have successively launched a series of New Year's home purchasing promotion events, providing quality services for potential New Year new home buyers. During the Spring Festival, several regions of Shimao achieved record-high sales with significant year-on-year growth, to be well poised for a good start of achieving quality growth in the new year.

4.

Shimao's diversified businesses were ready to resurge the consumption interest in the New Year.

In the context of "staying local during the Chinese New Year", the domestic consumption has reached a new record due to "Spring Festival Economy". Given the advantages of diversified businesses, Shimao brought unique vibrancy to the hot "Spring Festival Economy". In respect of hotel business, InterContinental Shanghai Wonderland achieved a new record-high revenue during the Spring Festival and was also shortlisted for the "The Top 10 Most Popular Hotels" in the latest "Spring Festival Travel Consumption Trends" released by Ctrip. The revenue of other hotels across the country, such as The Yuluxe Sheshan, Shanghai, A Tribute Portfolio Hotel and Conrad Xiamen, has also hit new records. In respect of commercial and entertainment business, Shanghai Shimao Plaza and Jinan Shimao Plaza both achieved good sales during the holidays. Shanghai Shimao Smurfs Park has become a popular destination for family excursions. On the third day of the first lunar month, the passenger flow in a single day reached a new record high since the park opened. In respect of culture business, the Fujian Shimao Maritime Silk Road Museum, which was officially opened in January this year, entered the first peak season since the opening, fully demonstrating the influence of a grand cultural feast.

-End-

*All the above figures are unaudited and meant for reference only, and are not intended, nor should be construed, to be an investment advice. Investors should exercise caution when interpreting these data.

Shimao's Project at A Glance - Hangzhou Shimao Classic Chinese Chic (Real Scene

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For more info about Shimao Group, please visit our websites:www.shimaogroup.comor www.shimaogroup.hk

For enquiries, please contact Shimao IR Team：

IR Head: Andy Li, ACG, ACS <[e-mail]>

Senior IR Manager: Fu Xiaochuan <[e-mail]>

Sandy Lau <[e-mail]>