China Overseas Land & Investment : Announcements and Notices - Property Sales Update (for the Twelve Months Ended 31 December 2018)

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(incorporated in Hong Kong with limited liability)

(Stock Code: 688)

PROPERTY SALES UPDATE

FOR THE TWELVE MONTHS ENDED 31 DECEMBER 2018

China Overseas Land & Investment Limited (the "Company") is pleased to announce certain operating data of the Company, together with its subsidiaries, joint ventures and associates (collectively, the "China Overseas Series of Companies") for the twelve months ended 31 December 2018 (the "Property Sales Update"). This announcement (with the appendix containing the Property Sales Update) is also available on the website of the Company (www.coli.com.hk).

Please be informed that the Property Sales Update has been prepared based on internal management records of the China Overseas Series of Companies which have not been audited nor reviewed by external auditors, and as such the data contained therein is for investors' information only. Such data may differ from the figures to be disclosed in the audited or unaudited consolidated financial statements to be published by the Company on an annual, semi-annual or quarterly basis due to various uncertainties during the process of collection and collating of such data. The Property Sales Update does not constitute, nor should it be construed as, an offer or solicitation for the purchase or sale of any securities or financial instruments of the Company or any of its subsidiaries, joint ventures or associates. It does not and is not intended to provide any investment service or investment advice.

Shareholders of the Company and potential investors should exercise caution when investing or dealing in the securities of the Company. You are also recommended to consult your own professional or financial advisers if you are in any doubt as to your investment positions.

By Order of the Board

China Overseas Land & Investment Limited

Yan Jianguo

Chairman and Chief Executive Officer

Hong Kong, 7 January 2019

As at the date of this announcement, Mr. Yan Jianguo (Chairman and Chief Executive Officer), Mr. Luo Liang and Mr. Guo Guanghui are the executive directors; Mr. Chang Ying is the non-executive director; and Mr. Lam Kwong Siu, Dr. Fan Hsu Lai Tai, Rita and Mr. Li Man Bun, Brian David are the independent non-executive directors of the Company.

Appendix

PROPERTY SALES UPDATE

FOR THE TWELVE MONTHS ENDED 31 DECEMBER 2018

For December 2018, the contracted property sales of China Overseas Land & Investment Limited (the "Company"), together with its subsidiaries, joint ventures and associates (collectively, the "China Overseas Series of Companies") amounted to approximately HK$28.402 billion and the corresponding gross floor area ("GFA") sold was approximately 1,235,800 square meters.

From January to December 2018, the accumulated contracted property sales of the China Overseas Series of Companies amounted to approximately HK$301.240 billion and the accumulated corresponding GFA sold was approximately 15,934,500 square meters.

In addition, as at 31 December 2018, the China Overseas Series of Companies had recorded subscribed property sales of approximately HK$36.803 billion, which are expected to be turned into contracted property sales in the following months.

The following tables illustrate the contracted property sales and the corresponding GFA sold of the China Overseas Series of Companies for December 2018 and for the year from January to December 2018:

Table 1: Contracted property sales of and the corresponding GFA sold by the China Overseas Series of Companies for December 2018

Contracted property sales (HK$'00 million)	Contracted area sold GFA ('0000 sq.m.)
The Company and its subsidiaries
Regional Breakdown(Note)
Hua Nan Region	32.12	10.98
Hua Dong Region	95.31	23.02
Hua Bei Region	23.50	6.14
Northern Region	19.78	14.91
Western Region	21.81	14.02
Hong Kong and Macau	0.29	0.01
Sub-total for the Company and its subsidiaries	192.81	69.08
Joint ventures and associates of the Company	71.64	40.02
China Overseas Grand Oceans Group Limited	19.57	14.48
Total	284.02	123.58

Table 2: Contracted property sales of and the corresponding GFA sold by the China Overseas Series of Companies for the year from January to December 2018

Contracted property sales (HK$'00 million)	Contracted area sold GFA ('0000 sq.m.)
The Company and its subsidiaries
Regional Breakdown(Note)
Hua Nan Region	359.90	138.24
Hua Dong Region	411.22	155.86
Hua Bei Region	575.45	244.42
Northern Region	383.96	293.25
Western Region	261.10	169.11
Hong Kong and Macau	55.18	2.51
Sub-total for the Company and its subsidiaries	2,046.81	1,003.39
Joint ventures and associates of the Company	460.19	190.22
China Overseas Grand Oceans Group Limited	505.40	399.84
Total	3,012.40	1,593.45

Note:

The regional breakdown shown in the above Table 1 and Table 2 is based on the locations of the regional headquarters responsible for the management of the relevant development projects, and is for reference only. The updates for cities covered in each region are set out in the annual report and interim report of the Company.