Corporate Newsletter Mar 2021

Contracted Sales - Feb 2021

In February 2021, the Group realized contracted sales of approximately RMB9.2 billion, up 259.5% year on year; contracted GFA aggregated approximately 555,412 sq. m., up 316.9% year on year. Contracted Sales by Region in 2M 2021 For the first two months of

2021, the Group achieved Greater Bay accumulated contracted sales of Area 51% approximately RMB17.5 billion,

up 160.7% year on year; Yangtze River contracted GFA aggregated Delta 24% approximately 1,038,222 sq. m., up 200.9% year on year. Pan-bohai Bay Rim 7% West Central China 8% 10%

Stock Performance Monthly Contracted Sales (RMB mn) Share Price: (3 Mar 2021)

HK$4.31 16,680 52 Week Range:

12,530 HK$2.06 – HK$4.55 11,790 9,215 10,969 Market Cap: 8,254 9,535 9,052 8,971 9,360 HK$26.4 bn 6,509 Issued Capital 4,800 (Share): 4,137 2,563 6,136 million shares

Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec

2020 2021

IR Department PR Representative - iPR Ogilvy Callis Lau [email protected] [email protected] 1 Company News

Kickoff of Shixi Village Redevelopment Project

Kaisa started working on Shixi Village Redevelopment Project in , Guangzhou in February. It is the Group's first urban renewal project converted in Guangzhou this year. The project is expected to have a saleable GFA of approximately 850,000 sq. m.. The average selling price of nearby projects reaches RMB70,000 per sq. m.. The project enjoys convenient transportation as it is accessible by a rail network at Shixi Station and Yangang Station of , Nanzhou Station and Dongxiaonan Station on Line 2 of the , and Daganwei Station which is under construction on Line 10 of the Guangzhou Metro.

Successful Conversion of An Urban Renewal Project in Zhanjiang, Province Kaisa has successfully converted an old village redevelopment project in Zhanjiang, Guangdong Province. The project is located in Tiaoshun Road, Chikan District, Zhanjiang, with a site area of approximately 30,000 sq. m. and a GFA of about 110,000 sq. m.. It will consist of residential and commercial facilities. The average selling prices at the nearby projects are from RMB10,000 to RMB18,000 per sq. m.. It is the Group's first urban renewal project in the city.

Kaisa Acquires a Residential Site in Chongqing Hi-tech Industrial Development Zone

In February, Kaisa won a bid for a residential site in Chongqing Hi-tech Industrial Development Zone for RMB750 million. The land parcel has a site area of 58,000 sq. m.. and a GFA of 86,000 sq. m..

Additional Launch of Nanjing Kaisa Eminent Residence Sold Out On 27 February, the last batch of 96 residential units at Nanjing Kaisa Eminent Residence sold out at launch. The products with size ranging from 122-142 sq. m. were sold at an average selling price of RMB 34,100 per sq. m.. The latest launch extended the strong performance of the project’s every launch.

2 Changsha Kaisa City Plaza Sold Over 80% of Units at Launch On 27 February, Changsha Kaisa City Plaza additionally launched residential units with GFA ranging from 106-166 sq. m. , sales revenue exceeded RMB200 million at launch. The project is located at the southeast side of Changsha South Station of High-speed Railway in Yuhua District, Changsha City, Hunan Province, facing the scenic Liuyang River with a straight-line distance of about 180 meters from Changsha South Station.

Kaisa Fully Redeems US$390 Million Worth of Senior Notes Due February 2021 Kaisa redeemed a total of approximately US$390 million worth of senior notes in February, including US$170 million of 6.75% senior notes and US$220 million of 11.75% senior notes which are both due in February 2021. Ping An Securities Initiates Coverage on Kaisa Ping An Securities has initiated coverage on Kaisa and rated the Company as “Recommend”, stating that:

1) Kaisa enjoys a leading position in urban renewal industry. Now that definite goals and measures for urban renewal have been set in the Chinese government’s 14th Five-year Plan and proposal for its vision of China in 2035, and Shenzhen has introduced urban renewal regulations, the Company is expected to benefit from the development opportunities presented by the policies;

2) The company has built a strong foothold in the Greater Bay Area, where the demand is strong. The Company is poised to tap huge market potential in the emergence of metropolitan areas. 3) On the back of increasing revenue from the completion of property projects which leads to increase in equity, as well as the acceleration of sales and the reduction in liabilities, the Company's financial indicators are expected to improve steadily and meet the requirement of "three red lines" gradually.

The brokerage estimated Kaisa’s net asset value at RMB8.63 per share. Kaisa Awarded “Caring Company” by The Hong Kong Council of Social Service Kaisa recently has been awarded the “Caring Company” logo and certificate by The Hong Kong Council of Social Service, signifying that the Group’s outstanding contributions to promote corporate social responsibility have been fully affirmed by the community. During the 2020 epidemic, Kaisa's volunteer team carried out many volunteering activities in Hong Kong with a total of more than 1,000 hours of service throughout the year. 3 Kaisa Honored “Best Investor Relations” and “Best Use of Debt” by Institutional Investor

Kaisa has honored “Best Investor Relations” and “Best Use of Debt” in “Global Fixed-Income Investor Relations 2020” by Institutional Investor, a renowned international financial magazine, in the real estate and construction sector.

There were 932 listed companies nominated in this year’s ranking. Over 1,110 bond and credit specialists from over 600 asset management firms were invited to vote in this event. The 5 criteria used for assessment include metrics such as transparency of balance sheet, proactive communication of shifts in strategy, clear calculations of debt covenants and other provisions, responsiveness to questions on ratings and proactive engagement with bondholders. Other than these, attributes like prudent, value-creating use of debt are also considered in the evaluation. A total of 45 outperforming companies were voted as the top 3 among their corresponding industries.

The annual ranking organized by Institutional Investor is regarded as an authoritative benchmark for the industry due to its rigorous rating, and it has become one of the grand occasions in international capital market. Institutional Investor conducts assessment of investor relations teams from companies globally with a view to acknowledging the outstanding performance of top companies and investors relations teams.

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