Greentown China : UNAUDITED OPERATING DATA FOR THE TWELVE MONTHS ENDED 31 DECEMBER 2018

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.

GREENTOWN CHINA HOLDINGS LIMITED

(Incorporated in the Cayman Islands with limited liability)

(Stock Code: 03900)

UNAUDITED OPERATING DATA FOR

THE TWELVE MONTHS ENDED 31 DECEMBER 2018

The board of directors (the "Board") of Greentown China Holdings Limited (the "Company") is pleased to announce certain unaudited operating data of the Company and its subsidiaries (the "Group") for the twelve months ended 31 December 2018 as follows:

Greentown Group (including Greentown China Holdings Limited and its subsidiaries, together with its joint ventures and associates) sold 3,619 units with a saleable area of approximately 590,000 sqm in December 2018. Monthly sales** reached approximately RMB17.2 billion, with an approximate average selling price of RMB29,082 per sqm. From January to December 2018, Greentown Group recorded contracted sales of approximately RMB101.2 billion involving a saleable area of 3,980,000 sqm, of which approximately RMB55.7 billion was attributable to the Group (including Greentown China Holdings Limited and its subsidiaries). As at 31 December 2018, in addition to contracted sales, Greentown Group recorded subscription sales of RMB1.8 billion, of which approximately RMB1 billion was attributable to the Group.

In addition, in December 2018, the total saleable area of the properties sold pursuant to the projects under project management business of Greentown Group with the "Greentown" brand name (non-investment projects, referred to as "projects under project management") achieved approximately 530,000 sqm, with a total contracted amount of approximately RMB6.1 billion. From January to December 2018, the total contracted sales of the projects under project management reached approximately RMB55.2 billion, with a total saleable area of approximately 4,140,000 sqm.

Taking into account all of the above, for the twelve months ended 31 December 2018, Greentown Group recorded a total saleable area of approximately 8,120,000 sqm, with a total contracted sales amount of approximately RMB156.4 billion, representing a year-on-year in crease of approximately 6.9% from RMB146.3 billion last year.

* For identification purposes only ** Monthly sales included contracted sales and subscription sales of the month

The above-mentioned data is unaudited and is based on preliminary internal information of the Group, which may differ from figures to be disclosed in the audited or unaudited consolidated financial statements to be published by the Company on an annual or half-yearly basis due to various uncertainties during the process of collating such data. As such, the above data, which is preliminary in nature, is provided for investors' reference only. Investors are advised to exercise caution and not to place undue reliance on such data when dealing in the securities of the Company. In case of any doubt, investors should seek independent advice from professional or financial advisers.

By order of the Board Greentown China Holdings Limited

Fung Ching, Simon Company Secretary

Hangzhou, the PRC

7 January 2019

As at the date of this announcement, the Board comprises six executive directors, namely Mr Song Weiping, Mr Liu Wensheng, Mr Zhang Yadong, Mr Li Qingan,Mr Li Yongqian and Mr Li Jun, and four independent non-executive directors, namely Mr Jia Shenghua, Mr Ke Huanzhang, Mr Sze Tsai Ping, Michael, and Mr Hui Wan Fai.