Shui On Land Limited reported unaudited group sales results for the fourth quarter and for the year ended 31 December 2022. For the fourth quarter of 2022, contracted property sales amounted to RMB 2,380 million, comprising residential property sales of RMB 1,310 million and commercial property sales of RMB 1,070 million. Total gross floor area (GFA) of contracted property sales were 108,700 square metres (sq. m.) and 1,043 units of carpark. The average selling price of the signed contracts respecting property sales for the fourth quarter of 2022 was RMB 21,900 per sq. m.

For the year 2022, accumulated contracted property sales amounted to RMB 27,219 million, comprising residential property sales of RMB 25,783 million and commercial property sales of
RMB 1,436 million. Aggregated GFA sold for contracted property sales reached 383,800 sq. m. with the average selling price of RMB 70,900 per sq. m. In addition, 2,473 units of carpark were
sold in the year of 2022. In addition to the contracted property sales reported, as of 31 December 2022, the Group had recorded a total of RMB 1,427 million of subscribed sales, which is expected to be subsequently turned into contracted property sales in the following months.