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(Hong Kong, 6 January 2021) China Overseas Land and
Investment Limited (the “Company”; Stock Code: 0688.HK) announced that, for December
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 RMB39.787 billion and the
corresponding gross floor area (“GFA”) sold was approximately 2,026,900 square meters.

From January to December 2020, the accumulated contracted property
sales of the China Overseas Series of Companies amounted to approximately RMB360.723
billion and the accumulated corresponding GFA sold was approximately 19,173,100
square meters.

In December 2020, the Company (together with its subsidiaries
(collectively, the “Group”)) acquired 7 land parcels in Hong Kong, Dalian,
Shijiazhuang, Shenyang, Kunming, Nanchang and Jinan with an aggregate
attributable GFA of approximately 1,130,301.43 square meters, of which one will
be developed in form of cooperation project. The land premium payable by the
Group in respect of the relevant land acquisitions amounted to approximately RMB10,452.63
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.