Sino Ocean : Unaudited Operating Statistics for November 2021

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UNAUDITED OPERATING STATISTICS

The Board of Directors (the '' Board'' ) of Sino-Ocean Group Holding Limited (the '' Company'' ) is pleased to announce certain unaudited operating statistics of the Company and its subsidiaries (the '' Group'' ) for the month of November 2021 as follows:

Contracted Sales

The contracted sales of the Company, together with its subsidiaries, joint ventures and associates for November of 2021 amounted to approximately RMB15.05 billion; contracted sales GFA amounted to approximately 843,600 sq.m.; contracted average selling price was approximately RMB17,800/sq.m..

From January 2021 to November 2021, the accumulated contracted sales amounted to approximately RMB120.73 billion; accumulated contracted sales GFA amounted to approximately 6,716,000 sq.m.; accumulated contracted average selling price was approximately RMB18,000/sq.m..

The above-mentioned operating data is unaudited and is based on preliminary internal information of the Group, which may differ from figures to be disclosed in the audited or unaudited consolidated financial statements to be published by the Company on a regular basis due to various uncertainties during the process of collating such operating information. As such, the above data is provided for reference only. Shareholders and 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, shareholders and investors are advised to seek professional advice from professional or financial advisers.

By order of the Board

Sino-Ocean Group Holding Limited

CHUNG Kai Cheong

Company Secretary

Hong Kong, 8 December 2021

As at the date of this announcement, the Board of the Company comprises Mr. LI Ming, Mr. WANG Honghui and Mr. CUI Hongjie as executive directors; Ms. HUANG Xiumei, Mr. ZHAO Peng, Mr. HOU Jun, Mr. CHEN Ziyang and Mr. ZHAN Zhong as non-executive directors; and Mr. HAN Xiaojing, Mr. SUEN Man Tak, Mr. WANG Zhifeng, Mr. JIN Qingjun and Ms. LAM Sin Lai Judy as independent non-executive directors.