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China Overseas Land and Investment Limited Announces Property Sales Results for November 2020

Time: 2020-12-07 10:04:15  Source: China Overseas Holdings Limited

(Hong Kong, 4 December 2020) China Overseas Land and Investment Limited (the “Company”; Stock Code: 0688.HK) announced that, for November 2020, 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 RMB34.828billion and the corresponding gross floor area (“GFA”) sold was approximately 1,728,900 square meters.

From January to November 2020, the accumulated contracted property sales of the China Overseas Series of Companies amounted to approximately RMB320.936 billion and the accumulated corresponding GFA sold was approximately 17,146,200 square meters.

In November 2020, the Company (together with its subsidiaries (collectively, the “Group”)) acquired 4 land parcels in Nanjing, Harbin, Zhuhai and Shenzhen with aggregate attributable gross floor area (“GFA”) of approximately 951,620.83 square meters. The land premium payable by the Group in respect of the relevant land acquisitions amounted to approximately RMB13,388.76 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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