Interim Results Presentation 2021

August 2021 Disclaimer

This presentation may contain forward-looking statements. Any such forward-looking statements are based on a number of assumptions about the operations of the Kaisa Group Holdings Ltd. (the “Company”) and factors beyond the Company's control and are subject to significant risks and uncertainties, and accordingly, actual results may differ materially from these forward-looking statements. The Company undertakes no obligation to update these forward-looking statements for events or circumstances that occur subsequent to such dates. The information in this presentation should be considered in the context of the circumstances prevailing at the time of its presentation and has not been, and will not be, updated to reflect material developments which may occur after the date of this presentation. The slides forming part of this presentation have been prepared solely as a support for discussion about background information about the Company. This presentation also contains information and statistics relating to the and property development industry. The Company has derived such information and data from unofficial sources, without independent verification. The Company cannot ensure that these sources have compiled such data and information on the same basis or with the same degree of accuracy or completeness as are found in other industries. You should not place undue reliance on statements in this presentation regarding the property development industry. No representation or warranty, express or implied, is made as to, and no reliance should be placed on, the fairness, accuracy, completeness or correctness of any information or opinion contained herein. It should not be regarded by recipients as a substitute for the exercise of their own judgment. Information and opinion contained in this presentation may be based on or derived from the judgment and opinion of the management of the Company. Such information is not always capable of verification or validation. None of the Company or financial adviser of the Company, or any of their respective directors, officers, employees, agents or advisers shall be in any way responsible for the contents hereof, or shall be liable for any loss arising from use of the information contained in this presentation or otherwise arising in connection therewith. This presentation does not take into consideration the investment objectives, financial situation or particular needs of any particular investor. It shall not to be construed as a solicitation or an offer or invitation to buy or sell any securities or related financial instruments. No part of it shall form the basis of or be relied upon in connection with any contract or commitment whatsoever. This presentation may not be copied or otherwise reproduced. This presentation does not constitute an offer or invitation to purchase or subscribe for any securities or financial instruments or to provide any investment service or investment advice, and no part of it shall form the basis of or be relied upon in connection with any contract, commitment or investment decision in relation thereto.

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2 Table of Contents

01. 1H2021 Results Highlights

02. Operational Review in 1H2021

03. 2H2021 Outlook

04. Financial Highlights & Liability Management in 1H2021

05. Appendix 01. 1H2021 Results Highlights 1H2021 Results Highlights

Contracted URP URP Pipeline² Sales Landbank Conversion

RMB 63.9 bn 31.1 mn sqm 1.1 mn sqm Over 53.7 mn sqm Site Area Hit new record high Completed nearly 50% Greater Bay Area: 76%2 Improved URP conversion lead time 213 URPs full year target T1 cities: 54%2 RMB73 bn saleable resources Greater Bay Area: 99%2 +77% yoy URPs: 47%2 Favorable urban renewal policies Ranked¹ 23th nationwide Cash and Revenue Core Net Profit Bank Dividend Deposits

Proposed interim dividend: RMB 30.1 bn RMB 3.9 bn RMB 48.7 bn +35% yoy +29% yoy +3% vs. FY2020 HKD 4 cents/share

Net Gearing Liabilities to Cash to Short- Three Red Ratio4 Assets Ratio5 term Debt Ratio6 Lines

93.7% 69.9% 1.53x All 3 Passed -240 bps vs. -20 bps vs. -0.03x vs. FY2020 FY2020 FY2020 1. CRIC 2021 TOP200 Chinese Developers-Attributable Contracted Sales Ranking 2. By saleable resources 3. Not yet converted into landbank 4. Net gearing ratio is calculated by dividing total borrowings (including short-term and long-term borrowings) minus cash and cash equivalents (including bank deposits, restricted cash and cash and bank balances) by total equity (excluding perpetual capital securities) 5. Liabilities to assets ratio excluding receipts in advance is calculated by subtracting receipts in advance(including contract liabilities) from total liabilities and dividing by total assets excluding perpetual capital securities minus receipts in advance (including contract liabilities) 5 6. Cash to short-term debt ratio is calculated by dividing cash and cash equivalents (excluding restricted cash and bank deposits) by short-term borrowings 02. Operational Review in 1H2021 Contracted Sales Hit Record High at RMB64 bn

Contracted Sales Up 77% YoY Contracted GFA Up 80% to 51% Sales from the Greater Bay to RMB64 bn 3.8 mn sqm Area (RMB mn) (000’ sqm) 6,165 : + : 24% 106,896 +27 Pan-Bohai, 10% CAG C % R AGR 88,120 + 77 4,642 +8 Western China, % 0% 70,059 3,837 3,806 12% 63,854 By Central Region Greater Bay 36,032 2,119 China, 7% Area, 51%

Yangtze River Delta, 20% FY2018 FY2019 FY2020 1H2020 1H2021 FY2018 FY2019 FY2020 1H2020 1H2021

Contracted ASP by Region National Ranking

(RMB/sqm) 26,409 u CRIC attributable contracted sales: th place from 20201 19,065 23 up 1 13,116 11,386 9,657 u CREIS attributable contracted GFA: 20th up 6 places from 20201

u CREIS attributable contracted sales : 21th up 2 places from 20201

W C e e s n t G t C r ra h e Y l in P a a C a a te n h n r g i -B B tz n o a e a h y a R i A iv B re e a a r y D R e l im 1. 2020 is full year’sta ranking. 7 Strong Recognized Revenue Growth at 34%

Recognized Revenue Recognized GFA Recognized ASP

(RMB mn) (‘000 sqm) (RMB/sqm) +1 : + 2,828 %19,200 16 : +1 51,194 C 2,548% 18,958 C 9% AG AGR R 43,849 2,097 : + 36,081 3% 18,103 + C +3 32 AG 4%27,666 %1,441 R 20,639 1,089 17,206 17,209

FY2018 FY2019 FY2020 1H2020 1H2021 FY2018 FY2019 FY2020 1H2020 1H2021 FY2018 FY2019 FY2020 1H2020 1H2021

63% Revenue from the Greater Bay Area 56% Revenue from Tier 1 Cities T3 cities, 5%

Pan-Bohai, 0.3%

Greater Bay T2 cities, 39% Area, 63% By Western China, By Region 10% City T1 cities, 56%

Central China, 11% Yangtze River Delta, 16%

8 High Quality Urban Renewal Pipeline¹ in the Greater Bay Area

Greater Bay Area New URPs No. of URPs Site Area² Professional Team Pipeline

15 projects 213 projects Over53.7mn sqm Over 99% 1090 persons

Geographic Distribution of URPs in the Greater Bay Area³

Shen深zh圳en Gu深an圳gzhou

12192 0p个ro项jec目ts 24 projects 2 占S地ite面 A积re：a:115,2.40 0m万n msqm(占 (比282%4)%) Site Area: 24.1 mn sqm (45%) 2 S可ale售a面ble积 G：F3A,:03020.1万 mmn s(占qm比(289%) Saleable GFA: 45.5 mn sqm (41%)

Guangzhou Dong深gu圳an 15 projects 2142 p0r个oje项c目ts Site Area: 4.9 mn sqm (9%) 占S地it面e A积re：a1: ,32.040 m万nm s2q (m占 (比6%2)4%) Saleable GFA: 15.6 mn sqm (14%) S可a售lea面bl积e ：GF3A,0: 070.2万 mmn2 (s占qm比 (268%%)) Zhongshan Hong Kong Huizhou , Foshan & Zhuhai Jiangmen Macao 7 projects 13 projects Site Area: 2.8 mn sqm (5%) Site Area: 3.1 mn sqm (6%) Saleable GFA: 4.7 mn sqm (4%) Saleable GFA: 5.7 mn sqm (5%)

1. Not yet converted into landbank 2. Expected saleable GFA in corresponding to the site area is around 110 mn sqm, subject to government approval and demolition arrangement 3. Excl. an URP with site area of 420,000 sqm and expected saleable GFA of 950,000 sqm in Ningbo, Zhejiang 9 Land Replenishment Driven By URP Conversion

Pan-Bohai Bay Rim, 7% Western u Attributable GFA: 2.46 mn sqm China, 18% u Attributable Ratio: 1H2021 79% by GFA By Greater T2&3 T1 Attributable By Bay Land Acquisition u Saleable resources: RMB 103.1 bn Cities, GFA Cities, Attributable Area, 50% 50% GFA u 63% Total 15 Attributable Consideration: RMB25.2 bn Yangtze new projects u Site Area: 1.86 mn sqm River Delta, 12%

u GFA converted: 1.13 mn sqm u Saleable resources: RMB 73 bn u 100% in GBA

No. Project Location Type 3 URPs 1 Shenzhen Hengling Old Village Longgang, Shenzhen Residential & Commercial Converted 2 Shixi Project Haizhu, Guangzhou Residential & Commercial 3 Kaisa Blissful Bay Chikan, Zhanjiang Residential & Commercial

2.81 mn sqm 2.46 mn sqm

Urban Urban Renewa… ↑ Higher Renewa… Urban Renewal 9% Proportion

from URP Public Public Recognized as the TOP1 YoY Bidding, Bidding, 66% 45% Excellent Enterprise of

A China Urban Renewal for t

t M&A, three consecutive years r

i M&A,

b 22%

u 10% t

a 1H2020 1H2021 b 10 l e

G F A High Quality Landbank in Tier 1 & 2 Cities Drives Growth

Saleable Resources GFA Attributable Ratio Completed & sold yet recognized, 1% Under 1 construction, 31.14 RMB mn Completed 67% 734,661 60% mn sqm yet sold, 4% By construction status Greater Bay Area2 % T1 Cities3% Urban Renewal % Held for future development, 4 76%4 54%4 47% 35%

GFA Saleable Resources Region (‘000 sqm) (RMB mn) (%) (%)

Shenyang Greater Bay Area 19,234 (62%) 557,954 (76%)

Shenzhen 3,485 (11%) 199,961 (27%) Beijing Guangzhou 3,308 (11%) 145,512 (20%) Dalian Hong Kong 116 (<1%) 30,073 (4%) Qingdao Zhengzhou Xuzhou Nanjing Shanghai Yangtze River Delta 2,355 (7%) 65,660 (9%) Luoyang Hefei Suzhou Chengdu Ningbo Central China 4,021 (13%) 44,316 (6%) Wuhan Shaoxing Chongqing Western China 3,054 (10%) 43,367 (6%) Changsha Guiyang Guangzhou Pan-Bohai Bay Rim 2,481 (8%) 23,364 (3%) Foshan Huizhou Kunming Dongguan Zhongshan Total 31,145 (100%) 734,661 (100%) Shenzhen Zhuhai Hong Kong 1. By GFA 2. Include 2 projects in Hainan Sanya 3. Include Hong Kong projects 4. By saleable resources 11 Digital Technology Improves Operational Efficiency

Improved Digital Technology & Operational Management Drives Efficiency

Sales and Marketing Expense Ratio Administrative and Management Expense Ratio

Avg.~ 2.5% Avg.~ 4.8% -83 bps yoy -87 bps yoy

Expand Digital Sales & Marketing Online Platform To Drive Sales

1H2021 Contracted Sales: RMB 63.85 bn

Online sales transaction volume, 20% % of Sales Offline sales Kaisa Tmall flagship store transaction In Jan 2021, Kaisa Tmall Haofang live broadcast Kaisa“Home- volume, 80% platform set a record of 308,000 views in a single day purchase”App and the number of auction tickets reached 2,220, the launched corresponding saleable value is approx. RMB2.56 bn

12 Strong Commitment in Corporate Social Responsibilities

Continuous Actions Targeting Poverty Alleviation, Public Welfare and Education

u Donated RMB10 mn through u Donated RMB249 mn to various Charity Federation in charities in areas including education, July to aid the flood victims and for u Issued first White Paper on Rural poverty alleviation and public welfare in the post-flood reconstruction in the Revitalization 2021: Proposing 1H2021 Henan province Modernizing Rural Area by Enhancing u Infrastructure, Fostering Education and Kaisa’s Chairman Mr. Kwok Ying Shing Through Cross-sector Collaboration Ranked 19th on 2021 Forbes China Philanthropy List u Participated in the "Guangdong Poverty Alleviation Day" for 11 consecutive years and awarded "The Caring Enterprise with Outstanding Contribution to Guangdong Province’s Rural Revitalization” and "The Advanced Group in Guangdong Province’s Poverty Alleviation“ u The white paper summarizes Kaisa’s u Awarded TOP 10 Caring experience in assisting with rural u Issued first ESG report “Kaisa 2020 Enterprise by the 18th Shenzhen development in more than 110 projects Sustainability Report” Project Care u 18 projects obtained Green Building Certification with 2.98 mn sqm GFA, accumulated total 62 projects with 8.58 mn sqm GFA

13 Market Recognition and Awards

Award & Recognition Issued by

19th in 2021 TOP 20 Listed China Real Estate Enterprises 2021 TOP 10 Listed China Real Estate Enterprises – Investment EH Consulting Value 24th in 2021 TOP 100 China Real Estate Developers 1st in 2021 China Outstanding Urban Renewal Real Estate China Index Academy, China Real Estate TOP10 Research Company China Real Estate Association, China Real Estate Appraisal of 2021 TOP 10 China Real Estate Developers – Efficiency Shanghai E-house China R&D Institute 15th in 2021 TOP 100 China Real Estate Enterprise – Brand Value China Real Estate Business 2021 Best City Operator The Paper The 5th Golden Tangerine Awards of Time Finance – High Quality Time Finance Development Listed Company Award u Offshore rating: Moody’s B1/ S&P B/ Fitch B, Outlook Stable u Onshore rating: CCXI AA+/ China Lianhe Credit AA+/ Dagong Global Credit AA+, Outlook Stable

14 03. 2H2021 Outlook Focus On Operational Improvements On Four Key Aspects

1 Contracted Sales 2 Urban Renewal ü Speed up URP conversion ü Speed up project turnover ü Increase profitability through ü Boost contracted sales and higher URPs contribution revenue ü Capture opportunities raised from favorable urban renewal policies

Cost Control & Risk Cashflow 3 Management 4 ü Careful selection on investment ü Focus on improving liquidity opportunities ü Focus on deleveraging ü Improve cost control and risk management ü Continue to improve digital technology and operational management

16 On Track to Achieve 2021 Full Year Target of RMB130 bn

2021 Sales Target: 2H2021 To Be 1H2021 Completed, 49% RMB130 bn Completed, 51%

Expected Saleable Expected Saleable GFA No. of projects Resources in 2H2021 in 2H2021

RMB 127 bn 6.9 mn sqm 116 projects

Saleable Resources Composition

T3 cities, 9% Pan-Bohai, Residential 13% 86% Office and others Western China, 8% 7%

By By City Apartments By Region Greater Bay T1 cities, 38% Central 6% product China, 9% Area, 55%

Yangtze River T2 cities, 53% Delta, 16%

17 Expect to Convert URPs of Over 5 mn sqm GFA in 1-2 Years

ASP of Expected Saleable Saleable Area* No. Project Location Type Nearby Projects Resources (’000 sqm) (RMB/sqm) (RMB mn)

1 Shenzhen Shangxue Project Longgang, Shenzhen Industrial 180 54,000 9,720

2 Shenzhen Jianda Factory Project Longgang, Shenzhen Industrial 455 45,000 20,475 3 Gaungzhou Hainan Village Project Liwan, Guangzhou Resid. & Com.** 917 48,000 44,016

Expect URPs conversion 2H2021 1,552 74,211 4 Shenzhen Dapeng No.2 Industrial Zone Dapeng, Shenzhen Industrial 200 45,000 9,000

5 Shenzhen Meiqi Industrial Park Project Longgang, Shenzhen Industrial 128 35,000 4,480

6 Shenzhen Luohuwei Project Longgang, Shenzhen Resid. & Com.** 68 50,000 3,400

7 Guangzhou Chenyong Project Panyu, Guangzhou Resid. & Com.** 1,076 43,000 46,268 8 Foshan Baizhong Project Nanhai, Foshan Resid. & Com.** 135 20,000 2,700 9 Jiangmen Xiheli Project Xinhui, Jiangmen Resid. & Com.** 80 13,000 1,040

10 Shenzhen Longgang GK Project Longgang, Shenzhen Residential 82 42,000 3,444

11 Guangzhou Xinzhuang Project Huangpu, Guangzhou Resid. & Com.** 665 27,000 17,955 High-tech , 12 Kunming Shagouwei Project Resid. & Com.** 385 15,000 5,775 Kunming Shenzhen Shutianpu Reserved Land 13 Guangming, Shenzhen Residential 29 65,000 1,885 Project 14 Shenzhen Pinghu Hongzhuling Project Longgang, Shenzhen Residential 300 53,000 15,900

15 Shenzhen Pinghu Songyuan Village Project Longgang, Shenzhen Residential 60 48,000 2,880

16 Shenzhen Banxuegang 04 Project Longgang, Shenzhen Residential 620 44,000 27,280

Expect URPs conversion in next 1-2 yrs 3,828 142,007

Total 5,380 216,218

*Subject to government’s final approval and demolition & compensation arrangement ** Residential & Commercial 18 Emerging New Businesses Diversify Revenue Channels

Opening of Shenzhen Hualang School in September

ü Kaisa’s first K-12 school in China to be launched in September 2021 ü Shenzhen Hualang School is a K-12 school with a total area of 54,000 sqm and GFA of 96,000 sqm ü The school adopts a small-class system, led by a team of famous principals and excellent teachers

Opening of Shenzhen Golden Bay Theme Park in September

ü Kaisa Golden Bay International Park is a world- class beach-side resort located in Shenzhen Dapeng Golden Bay, including theme parks, top tier international hotels, shopping malls and apartments etc. ü The theme park includes water world, fire world, children world, ocean world and ice world.

ü The theme park has introduced 100 high-standard amusement facilities, including the world’s only 360-degree underground sightseeing theater

19 04. Financial Highlights & Liability Management in 1H2021 Achieved Exceptional Core Net Profit Growth

Core Net Profit Up 29% YoY to RMB3.9 bn

(RMB mn) + 3,932 29% 3,051 2,693 +13%

1H2019 1H2020 1H2021

Driven by strong revenue and stable margin

Net Profit Margin Revenue Up 35% YoY to RMB30.1 bn Remained Stable at 10.2%

(RMB mn) +3 13.8% 5% 30,065 +11 % 10.6% 10.2% 22,297 20,105

1H2019 1H2020 1H2021 1H2019 1H2020 1H2021

21 All-time High Cash Level Enhances Liquidity

Cash and Bank Deposits: High Quick Ratio1 RMB48.7 bn

(RMB mn) +3% 2.0x 1.9x 47,113 48,736

36,978 1.3x 1.1x 1.0x 22,924

FY2018 FY2019 FY2020 1H2021 FY2017 FY2018 FY2019 FY2020 1H2021

1. Quick ratio is calculated by dividing cash, restricted cash and short-term bank deposits by short-term borrowings 22 1H2021 Financial Highlights

P&L and Profitability (RMB mn) Balance Sheet and Credit Metrics (RMB mn)

1H2021 1H2020 Change% 1H2021 FY2020 Change%

Revenue 30,065 22,297 +34.8% Total assets 319,112 309,899 +3.0% Recognized revenue from 27,666 20,639 +34.0% property sales Cash and bank deposits 48,736 47,113 +3.4%

Gross profit 9,278 7,539 +23.1% Restricted cash 5,787 6,249 -7.4%

Gross profit margin 30.9% 33.8% -2.9 ppts LT & ST bank deposits 4,586 4,786 -4.2%

EBITDA 12,296 8,420 +46.0% Total equity 81,450 78,719 +3.5%

Net profit 3,079 2,359 +30.5% Perpetual capital securities 1,350 1,350 -

Profit attributable to owners of Contract liabilities 51,545 49,706 +3.7% 3,003 2,769 +8.5% the company Total borrowings 123,778 121,471 +1.9% Net profit margin 10.2% 10.6% -0.4 ppts Net borrowings 75,042 74,358 +0.9% Profit attributable to owners of 10.0% 12.4% -2.4 ppts the company margin Liability to asset ratio¹ 74% 75% -1 ppts

ü Strong Growth Momentum ü High Cash Level ü Healthy Profit Margin ü Increase in Liquidity ü Scale Expansion

1. Liability to asset ratio is calculated by dividing total liabilities by total assets

23 Improved Credit Metrics

Three Red Lines All Passed   >1X <100%  1.53X <70% 93.7% 69.9%

… 1 … 2 … 3 N e t C L a ia sh Improved Liabilitiebs to assets ratio Improved Net Gearing Ratio1 ili t excluding receiptsti in advance

300.0% 83.7% 236.2% 80.9%

75.9% 144.0% 96.1% 70.1% 93.7% 69.9%

FY2017 FY2018 FY2019 FY2020 1H2021 FY2017 FY2018 FY2019 FY2020 1H2021

1. Net gearing ratio is calculated by dividing total borrowings (including short-term and long-term borrowings) minus cash and cash equivalents (including bank deposits, restricted cash and cash and bank balances) by total equity (excluding perpetual capital securities) 2. Liabilities to assets ratio excluding receipts in advance is calculated by subtracting receipts in advance(including contract liabilities) from total liabilities and dividing by total assets excluding perpetual capital securities minus receipts in advance (including contract liabilities) 3. Cash to short-term debt ratio is calculated by dividing cash and cash equivalents (excluding restricted cash and bank deposits) by short-term borrowings 24 Stable Debt Level and Extended Maturity Profile

Total Borrowings Breakdown – Stable Total Borrowings at RMB123.8 bn Maturity

(RMB bn) YTM Funding +2% < 1 Yr 1-2 Yrs 2-5 Yrs > 5 Yrs Total 123.8 (RMB bn) Cost 121.5 Onshore 9.2 19.2 16.1 2.3 46.8 7.3% Bank 117.2 2.9 14.2 11.3 2.3 30.7 borrowings Non-bank 6.3 5.0 4.8 - 16.1 110.5 borrowings Offshore 15.9 9.1 52.0 - 77.0 9.6% Senior notes 14.9 8.4 48.3 - 71.6 Bank borrowings 1.0 0.7 3.7 - 5.4 and others FY2018 FY2019 FY2020 1H2021 Total 25.1 28.3 68.1 2.3 123.8 8.7%

57% Borrowings with Maturity >2 yrs Total Borrowings Breakdown – Up 10%YoY Funding Channels

>5 yrs, 2% >5 yrs, 4% >5 yrs, 3% >5 yrs, 2% Onshore non- bank Total Borrowings: borrowings, 2-5 yrs, 44% RMB123.8 bn 2-5 yrs, 49% 2-5 yrs, 45% 2-5 yrs, 55% 13%

Offshore Onshore bank Offshore, senior borrowings, 62% 1-2 yrs, 27% notes, 1-2 yrs, 22% 1-2 yrs, 32% 25% 1-2 yrs, 23% 58%

Onshore,

M <1 yr, 27% <1 yr, 26% <1 yr, 19% <1 yr, 20% Offshore bank 38% a

t borrowings and u

r others, 4%

i FY2019 FY2020 1H2020 1H2021 t y

C 25 o m p o s i t i o n Diversified Onshore & Offshore Funding Channels

Financing Onshore Financing Highlight Channels u First time issued RMB300 mn onshore corporate bond for long-term rental housing in June (from the RMB3 bn quota obtained in 2020) Corporate Bond u Issued RMB1.5 bn ABS & ABN Quota Obtained in 2020 Issue size Tenor Coupon rate (RMB mn) (RMB mn) (year) Bank Loan Corporate Bond 3,000 300 1+1 7% ABS 4,643 1,042 1 7-7.5% ABN 6,000 495 1 7.5% Total 13,643 1,837 ABS & ABN u Obtained unused bank facilities of RMB140 bn

Offshore Financing Highlight

Right Issue: Equity Financing u Completed “1 for 7” rights issue in May u Raised HK$2.59 bn with over 3x oversubscribed Offshore Bond u Further deleveraging via equity funding channel u Improved capital structure Offshore Bonds & Bank Loans: Bank Loan u Issued US$2.38 bn and repaid US$1.89 bn offshore bonds u Obtained bank loan of HK$1.4 bn (~US$180 mn) at a cost of HIBOR+210bps u Project Structured New borrowings’ weight average maturity extended to 3.7 years Financing u Obtained US$1.2 bn quota for early refinancing of the 8.50% senior notes due June 2022

26 Proactive Liability Management Improved Offshore Debt Structure

Completed Exchange Offer and Unmodified Dutch Auction Tender Offer in May

u Par-to-par exchanged US$500 mn of the 9.375% 2024 bonds to a new notes due 2025 u Concurrent tendered US$304 mn at par of the 9.375% 2024 bonds via Unmodified Dutch Auction1 u Exchange received US$1.58 bn which is 3x oversubscribed and the new notes saw close to 6x over-subscription

Highlights ü Largest exchange and new issue transaction in the property space in recent years ü Reduced 2024 bonds maturity wall from US$3.05 bn to US$2.25 bn, lowering refinancing risk ü Exchange and new issue to extend maturity profile ü Flattened yield curve beyond 2024 ü Market recognition for our credit strength

1. Accepting investors submitted price

27 Market Recognition Drives Active Equity and Bonds Trading

Included in Multiple Indexes Boosts Equity and Bonds Trading Volume

Constituent of:

Equity: Bond:

Hang Seng Stock Connect Greater Bay Area Markit iBoxx USD Asia ex-Japan China High Index Series Yield Index Hang Seng Composite LargeCap & MidCap Morningstar Emerging Markets Corporate Index Bond Index Hang Seng Composite Index FTSE Emerging Markets Corporate Index Hang Seng Stock Connect Hong Kong Index ICE BofA High Yield Index FTSE Emerging Markets All Cap China A Bloomberg Barclays High Yield Index Inclusion US RIC Index

28 05. Appendix 1H2021 Earnings

(RMB bn) 1H2021 1H2020 %Change

Revenue 30.1 22.3 +35.0% -Sales of properties 27.7 20.6 +34.0% -Rental income 0.2 0.2 - -Property management services 1.0 0.6 +66.7% -Hotel and catering operations 0.1 0.07 +42.9% -Cinema, department store and cultural center operations 0.1 0.04 150% -Water-way passenger and cargo transportation 0.2 0.2 - -Healthcare 0.3 0.2 +50% -Others 0.5 0.4 +25% Cost of sales 20.8 14.8 +40.5% Gross profit 9.3 7.5 +24.0% Gross profit margin 30.9% 33.8% -2.9 ppts Net profit 3.1 2.4 +29.2% Net profit margin 10.2% 10.6% -0.4 ppts Profit attributable to owners of the Company 3.0 2.8 +7.1%

30 Balance Sheet

(RMB bn) As of 30 Jun 2021 As of 31 Dec 2020 % Change

Total assets 319.1 309.9 +3.0%

Total liabilities 237.7 231.2 +2.8%

Net current asset 110.4 102.5 +8.0%

Total equity 81.4 78.7 +3.5%

Cash and bank deposits 48.7 47.1 +3.4%

Cash ratio1 1.9x 2.0x -0.1x

Liabilities to assets ratio after 70.1% excluding receipts in advance2 69.9% -0.2 ppts

Net gearing ratio3 93.7% 96.1% -2.4 ppts

Interest coverage ratio4 1.9x 1.6x +0.2x

Net debt/EBITDA 3.1x 4.2x -1.1x

1. Cash ratio is calculated by dividing cash, restricted cash and short-term bank deposits by short-term borrowings 2. Liabilities to assets ratio excluding receipts in advance is calculated by subtracting receipts in advance(including contract liabilities) from total liabilities and dividing by total assets excluding perpetual capital securities minus receipts in advance (including contract liabilities) 3. Net gearing ratio is calculated by dividing total borrowings (including short-term and long-term borrowings) minus cash and cash equivalents (including bank deposits, restricted cash and cash and bank balances) by total equity (excluding perpetual capital securities) 4. Interest coverage ratio is calculated by dividing EBITDA by interest expense

31 Land Acquisition in 1H2021

Attributable Attributable Acquisition Site Area Total GFA Way of No. Location Shareholding % GFA Consideration Land Use Time （sqm） (sqm) Acquisition （sqm） （RMB mn） , 1 Jan 2021 100% 116,204 493,296 493,296 2,271 Residential M&A Guangdong Huizhou, Residential & 2 Jan 2021 100% 40,000 104,000 104,000 262 Public Bidding Guangdong Commercial 3 Feb 2021 Chongqing 100% 57,460 86,190 86,190 750 Residential Public Bidding Zhanjiang, Residential & 4 Feb 2021 100% 26,676 110,045 110,045 331 Urban Renewal Guangdong Commercial Guangzhou, 5 Feb 2021 55% 1,013,800 945,618 520,090 8,415 Residential Urban Renewal Guangdong Chengdu, Residential & 6 Mar 2021 100% 50,538 101,076 101,076 1,304 Public Bidding Sichuan Commercial Shenzhen, Residential & 7 Mar 2021 100% 24,781 187,870 187,870 1,668 Urban Renewal Guangdong Commercial 8 Apr 2021 Chongqing 100% 62,405 93,608 93,608 1,000 Commercial Public Bidding 9 Apr 2021 Chongqing 100% 31,493 78,733 78,733 920 Residential Public Bidding Shenyang, 10 Apr 2021 63% 130,657 261,315 164,628 1,445 Residential Public Bidding Liaoning Residential & 11 Apr 2021 Wuxi, Jiangsu 49% 50,732 91,773 44,969 322 M&A Commercial Shenzhen, 12 May 2021 100% 21,051 67,360 67,360 2,544 Residential Public Bidding Guangdong Residential & 13 Jun 2021 Hefei, Anhui 100% 147,147 259,647 259,647 2,301 Public Bidding Commercial Chengdu, 14 Jun 2021 100% 28,912 86,737 86,737 840 Residential Public Bidding Sichuan Foshan, 15 Jun 2021 40% 54,379 163,139 65,256 842 Residential Public Bidding Guangdong Total 1,856,237 3,130,406 2,463,505 25,215

32 URPs Converted in 1H2021

Shenzhen Hengling Old Village Guangzhou Shixi Project Zhanjiang Kaisa Blissful Bay • Southeast of the • Shixi Community, intersection of , Minfeng Road and Guangzhou • Tiaoshun Road, Minrong Road in • and Location Chikan District, Minzhi Community, of Zhanjiang Location Longhua District, Location , Shenzhen Nanzhou Station and • Near Minzhi Station, Dongxiaonan Station of • Old village to Line Line Type of URP residence & 5 2, Daganwei Station of commercial Metro Line 10 • Old village to Site Area Type of URP 26,676 residence Old village to residence • Type of URP • (sqm) & commercial Site Area 24,781 Saleable GFA (sqm) • Site Area • 110,000 1,013,800 (sqm) (sqm) • Saleable GFA 85,000 Saleable Value (sqm) • Saleable GFA 930,000 • 1,650 (sqm) • (RMB mn) Saleable Value 5,950 (RMB mn) • Saleable Value 65,100 A complex (RMB mn) • • • A complex integrated integrated residential, serviced • A complex integrated Planned Use residential, serviced Planned Use apartments and Planned Use residential and apartments and commercial units commercial units commercial units

33 Key Projects Expected to Be Launched in 2H2021

Shenzhen Kaisa Fengming Watefront Shenzhen Kaisa Lakeside Residence

• Intersection of Jiangangshan Avenue and Wolong 4th Road, Baoan District, Shenzhen • Northwest corner of the intersection of South Luyin Location Location Road and Dongzong Road, Shijing Street, • Near Shenzhen Metro line 9 Wolong Station and Pingshan District Jiangangshan Station

Site Area (sqm) • 21,051 Site Area (sqm) • 37,254

Saleable GFA (sqm) • 36,220 Saleable GFA (sqm) • 168,380 Saleable Value (RMB mn) • 3,490 Saleable Value (RMB mn) • 5,082 A mountain view high-quality residential project Planned Use • with complementary commercial facilities Planned Use • Residential with commercial auxiliary facilities

The first quality project in the high-end Significance • Significance • First project in Pingshan district, Shenzhen residential area of Jiangangshan

Shenzhen Kaisa Marine Guangzhou Kaisa Baiyun City Plaza Mangrove Bay • Intersection of Honghua Road and Xiangzhang • Guangzhou Baiyun New Town West Extension Location Road, , Shenzhen District, adjacent to Guangzhou Metro Xiaoping Station and the large-scale integrated • Adjacent to Fubao Station of Metro Line 3 Location transportation hub of Baiyun Railway Station under construction Type of URP • Old commercial & residential • Near Baiyun Mountain, a national 5A-level scenic spot Site Area (sqm) 9,500 • Type of URP • Old village to residence

Saleable GFA (sqm) • 40,670 Site Area (sqm) • 179,000 Saleable GFA (sqm) • 500,000 Saleable Value (RMB mn) • 3,662 Saleable Value (RMB mn) • 30,000

• A residential project with complementary • The large-scale integrated project will be developed Planned Use in 3 phases and will consist of high-end residential commercial facilities to be developed in 1 phase Planned Use flats, a star-rated hotel, an office building, serviced apartments and a commercial complex • Obtain high-quality land bank through the Significance Kaisa’s first urban village redevelopment project acquisition of Shenzhen Oceanus Group Significance • in Guangzhou 34 Proven Track Record of URPs Conversion u Successfully converted 43 URPs with 16 mn sqm GFA since established u URPs mainly located in Tier 1 cities including Shenzhen, Guangzhou, Shanghai and Hong Kong u Successfully converted 26 URPs with GFA of over 5 mn sqm since 2017 GFA No. of Year Projects Type of URP Location converted URPs (‘000 sqm) converted Shenzhen Nam Tai Inno Park Old factory Guangming, Shenzhen 2017 Shenzhen Nam Tai Technology Center Old factory Bao’an, Shenzhen 697 3 Shenzhen Nam Tai Inno Valley Old factory Bao’an, Shenzhen Guangzhou Kaisa Baiyun City Plaza Old village Baiyun, Guangzhou 2018 Shenzhen Kaisa Dongmen New World Distressed assets Luohu, Shenzhen 595 3 Zhuhai Lake View Waldorf Garden (Phase 3) Old village Xiangzhou, Zhuhai Shanghai Kaisa City Plaza (Phase 4-7) Old village Jiading, Shanghai Old commercial & Shenzhen Kaisa Marine Mangrove Bay Futian, Shenzhen residential Shenzhen Tongda Huixuan Old factory Longhua, Shenzhen 2019 Shenzhen Kaisa Sky-high Summit Old factory Guangming,Shenzhen 787 8 Shenzhen Kaisa Yuebanshan Old factory Bao’an, Shenzhen Shenzhen Kaisa Metropolis Plaza Distressed assets Longgang, Shenzhen Shenzhen Futian Dongshan Project (Phase 1) Old residential Futian, Shenzhen Huizhou Kaisa Jade Garden Old village ,Huizhou Hong Kong Sai Wan Project Old building Sai Wan, Hong Kong Shenzhen Sanshun Pharmaceutical Factory Project Old factory Luohu, Shenzhen Shenzhen Kaisa Shenwei Old factory Nanshan, Shenzhen Guangzhou Kaisa Phoenix Riverview Residence Old village Nansha, Guangzhou 2020 Guangzhou Xiajing Village Project Old village Zengcheng,Guangzhou 1,927 9 Shenzhen Nanmendun Project Old village Longgang, Shenzhen Huizhou Zhongkai Project Old village Zhongkai, Huizhou Shenzhen Xiaxue Village Project Old village Longgang, Shenzhen Hong Kong The Concerto Old building Kowloon, Hong Kong Shenzhen Hengling Old Village Old village Longgang, Shenzhen 2021 Guangzhou Shixi Project Old village Haizhu, Guangzhou 1,125 3 Zhanjiang Kaisa Blissful Bay Old village Chikan, Zhanjiang Conversion since 2017 5,131 26

35 Shareholding Structure (As of 30 June 2021)

· Founder and chairman · Over 20 years of industry experience · Responsible for overall strategy, investment planning and human resources strategy

Funde Sino Life Kwok Family Other public investors Insurance Co., Ltd. 21.92% 39.01% 39.07%

Hotel and catering Sales of properties Rental income Property management Others operations

n Generate revenue from n Management and n Provide property n Operation of five-star n Cultural & leisure, sale of residential operation of management services hotels, boutique shipping business, properties, villas, commercial properties n Accounting for 3.3% of business hotel chains, health care and service apartments, to generate income revenue in 1H2021 and serviced technology to bring commercial and n Accounting for 0.5% of apartments synergy for future integrated commercial revenue in 1H2021 n Accounting for 0.5% of property development buildings etc, revenue in 1H2021 n Accounting for 3.7% of n Accounting for 92.0% revenue in 1H2021 of revenue in 1H2021

Property Related Businesses Contribute 96.3% of Total Revenue in 1H2021

36 THANKS!

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