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(Hong Kong, 8 October 2020) China Overseas Land and
Investment Limited (the “Company”; Stock Code: 0688.HK) announced that, for September
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 RMB34.892 billion and the
corresponding gross floor area (“GFA”) sold was approximately 1,575,100 square meters.

From January to September 2020, the accumulated contracted
property sales of the China Overseas Series of Companies amounted to
approximately RMB257.186 billion and the accumulated corresponding GFA sold was
approximately 13,706,700 square meters.

In September 2020, the Company (together with its subsidiaries
(collectively, the “Group”)) acquired 7 land parcels in Beijing, Wuxi, Jinan,
Dongguan and Xiamen with aggregate attributable gross floor area (“GFA”) of
approximately 1,152,897.09 square meters. The land premium payable by the Group
in respect of the relevant land acquisitions amounted to approximately RMB14,873.44
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.