Sinic : UNAUDITED OPERATING DATA FOR THE EIGHT MONTHS ENDED 31 AUGUST 2020

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Sinic Holdings (Group) Company Limited

(Incorporated in the Cayman Islands with limited liability)

(Stock Code: 2103)

UNAUDITED OPERATING DATA FOR THE EIGHT MONTHS ENDED

31 AUGUST 2020

The board of directors (the "Board") of Sinic Holdings (Group) Company Limited (the "Company") is pleased to announce that the contracted sales amount of the Company and its subsidiaries (the "Group"), together with its joint ventures and associates, for the eight months ended 31 August 2020 was approximately RMB61.41 billion and the contracted sales area was approximately 4,317,500 sq.m., with an average selling price of RMB14,224 per sq.m., of which approximately RMB9.31 billion was recorded in August 2020.

The preliminary data disclosed above is unaudited and is based on the summary of management information of the Group and its joint ventures and associates, which may differ from the data to be disclosed in the audited or unaudited financial statements to be published by the Company on yearly or half-yearly basis or are subject to changes due to various uncertainties during the process of collection and collating of such preliminary data. The information shall not be taken as a measure or an indication of the Group's current or future operating or financial performance. As such, the information disclosed in this announcement is strictly for information only and not for any other purposes. Shareholders of the Company and potential investors should exercise caution and not to place undue reliance on such information when investing or dealing in the securities of the Company. Persons who are in doubt as to their investment positions should consult their professional advisers.

By order of the Board

Sinic Holdings (Group) Company Limited

ZHANG Yuanlin

Co-Chairman

Hong Kong, 21 September 2020

As at the date of this announcement, the Board of the Company comprises Mr. ZHANG Yuanlin, Mr. CHEN Kai and Ms. TU Jing as executive Directors, and Mr. TAM Chi Choi, Mr. AU YEUNG Po Fung and Mr. LIU Xin as independent non-executive Directors.