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(incorporated in Hong Kong with limited liability) (Stock Code: 81)

UNAUDITED OPERATING STATISTICS FOR NOVEMBER 2019

The board of directors (the “Board”) of Overseas Grand Oceans Group Limited (the “Company”) is pleased to announce certain unaudited operating statistics of the Company and its subsidiaries (the “Group”) and its associates and joint ventures (collectively, the “China Overseas Grand Oceans Series of Companies”) as follows:

For November 2019, the property contracted sales of the China Overseas Grand Oceans Series of Companies amounted to HK$5,534,000,000 and the contracted GFA reached 448,500 square meters. From January to November 2019, the total property contracted sales amounted to HK$56,799,000,000 and the total contracted GFA reached 4,517,500 square meters. As at the end of November 2019, the property subscription sales amounted to HK$1,476,000,000 and the subscription GFA reached 100,200 square meters.

In November 2019, the Group acquired five new projects in Shantou, Guangdong Province, Jilin, Jilin Province, Xuzhou, Jiangsu Province and Hohhot, Inner Mongolia with an attributable GFA of 793,189.00 square meters and the total attributable land cost was RMB2,569,950,000. Details of the new projects acquired during the period from 1 January to 30 November 2019 are set out in the following:

Attributable Attributable Land Area Total GFA Attributable No. Date City Name of Project Land Cost Interest (m2) (m2) GFA (m2) (RMB mn) 1 08/03/2019 Guilin Diecai Project 100% 30,654.00 70,131.00 70,131.00 245.92

Tianning Economic 2 15/03/2019 Changzhou 100% 99,951.00 297,298.00 297,298.00 530.00 Development Zone Project #1

3 15/03/2019 Quanzhou Jinjiang Chidiannan Project #1 100% 90,403.00 290,111.00 290,111.00 1,383.00

4 27/03/2019 Xuzhou Quanshan District Project #1 100% 45,953.00 136,452.00 136,452.00 583.10

5 16/04/2019 Shaoxing Yuecheng District Project 100% 40,372.00 101,669.00 101,669.00 1,062.00 Tianning Economic 6 18/04/2019 Changzhou 100% 95,480.00 276,495.00 276,495.00 2,330.00 Development Zone Project #2 7 29/04/2019 Lanzhou Qilihe District Project (Note 1) 60% 107,312.00 480,185.00 288,111.00 1,652.40

8 30/04/2019 Quanzhou Jinjiang Chidiannan Project #2 100% 19,807.00 59,024.00 59,024.00 266.00

9 06/05/2019 Jilin Fengman District Project 100% 195,389.00 632,824.00 632,824.00 1,011.51

10 10/06/2019 Hohhot Xincheng District Project #1 100% 44,822.00 107,897.00 107,897.00 469.68

11 10/06/2019 Hohhot Xincheng District Project #2 100% 25,548.00 67,419.00 67,419.00 269.13

12 10/06/2019 Hohhot Xincheng District Project #3 100% 69,552.00 162,036.00 162,036.00 448.42

13 28/06/2019 Hefei Binhu District Project (Note 1) 60% 150,459.00 409,275.00 245,565.00 1,842.58

14 28/06/2019 Nanning Wuxiang New District Project 40.8% 166,655.00 472,230.00 192,669.84 496.92

15 10/07/2019 Qingyuan Feilai Lake Project 100% 54,552.00 180,660.00 180,660.00 617.00

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Chongchuan District Project #1 16 12/07/2019 Nantong 60% 50,477.00 140,212.00 84,127.20 729.59 (Note 1) Chongchuan District Project #2 17 12/07/2019 Nantong 60% 53,783.00 156,112.00 93,667.20 898.07 (Note 1) Chongchuan District Project #3 18 12/07/2019 Nantong 60% 38,204.00 118,532.00 71,119.20 684.46 (Note 1)

19 26/08/2019 Project 100% 31,209.00 62,737.00 62,737.00 136.23

20 05/09/2019 Quanzhou Jinjiang Chidiannan Project #3 100% 53,227.00 159,146.00 159,146.00 630.00

21 23/10/2019 Project 100% 39,484.00 111,348.00 111,348.00 258.86

22 30/10/2019 Yangzhou Guangling District Project #1 100% 113,682.00 259,996.00 259,996.00 895.81

23 30/10/2019 Yangzhou Guangling District Project #2 100% 48,169.00 120,532.00 120,532.00 469.17

24 04/11/2019 Shantou Haojiang District Project 100% 80,041.00 353,592.00 353,592.00 1,228.00

25 04/11/2019 Jilin Gaoxin District Project 100% 41,013.88 118,435.00 118,435.00 355.72

26 05/11/2019 Xuzhou Quanshan District Project #2 100% 39,160.00 134,864.00 134,864.00 423.00

27 08/11/2019 Xuzhou Quanshan District Project #3 100% 16,560.00 57,382.00 57,382.00 170.20

28 18/11/2019 Hohhot Xincheng District Project #4 100% 45,176.00 128,916.00 128,916.00 393.03

Total： 1,887,094.88 5,665,510.00 4,864,223.44 20,479.80

Notes: 1. Project stake has been adjusted and the land will be developed in form of cooperation project. 2. The above table does not include the property portfolio acquired by the Company from China Overseas Holdings Limited mentioned in the announcement dated 29 May 2019 of the Company and published on the websites of Hong Kong Exchanges and Clearing Limited and the Company.

The above-mentioned operating 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 operating information. As such, the above data is provided for investors’ reference only. Shareholders and investors are advised to exercise caution and not to place undue reliance on such information when dealing in the securities of the Company. When in doubt, shareholders and investors are advised to seek professional advice from professional or financial advisers.

For and on behalf of CHINA OVERSEAS GRAND OCEANS GROUP LIMITED Yan Jianguo Chairman and Non-Executive Director Hong Kong, 5 December 2019

As at the date of this announcement, the Board comprises eight directors, of which three are executive directors, namely Mr. Zhang Guiqing, Mr. Paul Wang Man Kwan and Mr. Yang Lin; two non-executive directors, namely Mr. Yan Jianguo and Mr. Billy Yung Kwok Kee, and three independent non-executive directors, namely Dr. Timpson Chung Shui Ming, Mr. Jeffrey Lam Kin Fung and Mr. Dantes Lo Yiu Ching.

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