Hong Kong Exchanges and Clearing Limited and The Stock Exchange of Hong Kong Limited take no responsibility for the contents of this announcement, make no representation as to its accuracy or completeness and expressly disclaim any liability whatsoever for any loss howsoever arising from or in reliance upon the whole or any part of the

contents of this announcement.

(Incorporated in Hong Kong with limited liability)

(Stock code: 00123)

ANNOUNCEMENT

UNAUDITED SALES STATISTICS AS AT 31 JANUARY 2020

AND NEW LAND ACQUISITIONS IN JANUARY

The board of directors ("Board") of Yuexiu Property Company Limited ("Company") is pleased to announce the unaudited sales statistics as at 31 January 2020 and new land acquisitions in January as follows:

In January 2020, the value of the Company's contracted sales (including contracted sales by joint venture projects) amounted to approximately RMB3,056 million, representing a year-on-year decrease of approximately 35%. The corresponding gross floor area ("GFA") amounted to approximately 116,400 sq.m., representing a year-on-year decrease of approximately 37%.

NEW LAND ACQUISITIONS IN JANUARY

No new land was acquired in January 2020.

The above-mentioned data are unaudited and are based on the summary of internal information of the Company, which may differ from the figures to be disclosed in the audited or unaudited financial statements to be published by the Company on an annual or semi-annual basis due to various uncertainties during the process of collection and collating of such information. As such, the above data are provided for investors' reference only. 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 advisers.

By Order of the Board

Yuexiu Property Company Limited

Yu Tat Fung

Company Secretary

Hong Kong, 6 February 2020

As at the date of this announcement, the Board comprises:

Executive Directors:

LIN Zhaoyuan (Chairman), LIN Feng, LI Feng, CHEN Jing and

LIU Yan

Non-Executive Directors:

OUYANG Changcheng

Independent Non-executive

YU Lup Fat Joseph, LEE Ka Lun and LAU Hon Chuen Ambrose

Directors:

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Yuexiu Property Co. Ltd. published this content on 06 February 2020 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 06 February 2020 09:22:06 UTC