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China Overseas Land and Investment Limited Announces Property Sales Results for February 2021

Time: 2021-03-05 11:00:47  Source: China Overseas Holdings Limited

(Hong Kong, 4 March 2021) China Overseas Land and Investment Limited (the “Company”; Stock Code: 0688.HK) announced that, for February 2021, the contracted property sales of the Company, together with its subsidiaries, joint ventures and associates (collectively the “China Overseas Series of Companies”) amounted to approximately RMB23.561 billion and the corresponding gross floor area (“GFA”) sold was approximately 1,126,000 square meters.

From January to February 2021, the accumulated contracted property sales of the China Overseas Series of Companies amounted to approximately RMB50.579 billion and the accumulated corresponding GFA sold was approximately 2,542,700 square meters.

In February 2021, the Company (together with its subsidiaries (collectively, the “Group”)) acquired 2 land parcels in Guangzhou and Fuzhou with an aggregate attributable GFA of approximately 228,115.00 square meters. The land premium payable by the Group in respect of the relevant land acquisitions amounted to approximately RMB4,766.73 million.

Note: In view of the uncertainties involved in investment and sales process, discrepancies may exist between the above figures and those disclosed in our regular reports. As such, the above is for reference only.

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