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(Hong Kong, December 5, 2019) China Overseas Development Co., Ltd. (the "company"); Share code: 0688. HK) announced that the company, together with its subsidiaries, joint ventures and associated companies (collectively referred to as "China Overseas series companies") had contracted property sales of about HK $24.807 billion in November, and the corresponding floor area sold was about 1107000 square meters.

From January to November in 2019, the cumulative contract property sales of overseas Chinese companies are about HK $343.212 billion, and the corresponding cumulative sales area is about 16.3677 million square meters.
In November 2019, the company (together with its subsidiaries (collectively referred to as "the group") acquired six plots in Beijing, Shenzhen, Changchun, Ningbo, Harbin and Hong Kong, with a total floor area of about 978243.19 square meters. The land transfer fee payable by the group for relevant land acquisition is about RMB 16857.53 million.

Note: there are various uncertainties in the process of sales and investment. The above sales and new land reserve data may differ from the figures disclosed in the periodic report. Therefore, the above data are for reference only.