Agenda

I. 2019 ANNUAL RESULTS HIGHLIGHTS II. FINANCIAL REVIEW III. BUSINESS REVIEW IV. STRATEGY & ESG V. APPENDIX

华润置地有限公司 Resources Land Limited http://www.crland.com.hk/ CR Land Results 2019 2 I. 2019 ANNUAL RESULTS HIGHLIGHTS

华润置地有限公司 Land Limited http://www.crland.com.hk/ CR Land Results 2019 3 2019 Annual Results Summary Well-balanced and high-quality growth

Revenue Rental Income Attr. Net Profit

RMB 147.7 bn RMB 12.0 bn RMB 28.7 bn 21.9% yoy 26.3% yoy 18.3% yoy

Core Net Profit EPS DPS

RMB 21.65 bn RMB 4.12 RMB 1.066 12.2% yoy 17.7% yoy 0.7% yoy

Contr. Sales Funding Cost Net Gearing

RMB 242.5 bn 4.45 % 30.3 % 15.1% yoy -2bps yoy -3.6pt. yoy

华润置地有限公司 Limited http://www.crland.com.hk/ CR Land Results 2019 4 2019 Annual Results Highlights

Development Investment Investment & Financial 01 Property 02 Property 03 Land bank 04 Strength

Top 10 in contracted sales with Leading in scale and overall Optimized land bank structure, Maintained sector highest balanced scale and margin. strength; outstanding investment rhythm and credit rating, sector lowest performance from malls both in geographic exposure, diversified funding cost and healthy operation and newly opened. land bank channels. balance sheet.

Achieved contracted sales of Rental income reached RMB12.0 Land bank was replenished by Average funding cost dropped to RMB242.5 billion, up 15% YoY; billion; average opening rate of acquiring of 20.20 million ㎡ 4.45%; average debt tenor customer satisfaction increased new malls was 96%. GFA; increased market share in extended from 3.7 yeas to 5.4 to 85%. Jing-Jin-Ji, Yangzi Delta and Big years. Bay areas.

华润置地有限公司 China Resources Land Limited http://www.crland.com.hk/ CR Land Results 2019 5 Results Highlights – IP Malls Leading in Overall Strength

With nearly 20 years of experience in commercial , the Group has accumulated leading expertise in the value chain. “Investment & Position – Design & Construction – Leasing – Operation – Talent Training Strategy“ systematically supported higher return and market leading brand recognition of mall portfolio.

Investment & Position Design & Construction Leasing Operation Market leading brand recognition

No.1 in “Top 20 most influential Projects are all Insight into the changing Nearly 4,000 The first mall operator companies in ” successfully positioned demands of the retail cooperative brands in China to introduce a for the mid- to high-end market; product R&D with high loyalty; membership system; for 3 consecutive years. market in the local and innovation, biggest Chinese the total number of retailing sector with professional design, landlord housing members exceeded 10 hardware and software construction and cost international brands million in 2019, with installed to match the capabilities; with most international their identities across High asset return local ‘consumption the ability to turn luxury brands stores geography boundaries. upgrade’ trend. outstanding business opened. Return on historical cost ideas into business scenarios. Malls at matured stage

Malls at stable stage

Talent Pool and Training Strategy Malls at cultivation A talent training system helps to build a reserve of talents for business development stage

华润置地有限公司 China Resources Land Limited http://www.crland.com.hk/ CR Land Results 2019 6 Results Highlights – IP Malls’ Efficiency Further Increased

Efficiency of malls in operation further increased demonstrated by strong same store performance • Milestone achieved in multiple malls and number of high-quality malls continued to increase: 4 realized annual retail sales exceeding RMB4bn, 7 realized annual retail sales between RMB 2-4bn, and 11 realized annual retail sales between RMB 1-2bn; • Malls in the stable period continued to lead the market: 8 projects ranked 1st in the city in terms of retail sales while 18 projects ranked top 3; MixC and MixC moved up to 2nd in the city with continuous optimization; • Malls at incubation stage quickly occupied the market: 6 out of 9 malls opened in 2018 ranked city top 3 in terms of retail sales.

Same Store Performance* Increasing number of high-quality malls 4 annual retail sales 7 annual retail sales 11 annual retail sales Retail Sales （RMB bn） exceeded RMB 4bn between RMB 2-4bn between RMB 1-2bn

Shenzhen MixC Qingdao MixC 3bn Milestone Hi5 1bn Milestone

Shenyang MixC 5bn Milestone MixC World 3bn Milestone Wenzhou MixC 1bn Milestone

Rental Income （RMB bn） MixC Chongqing MixC Tiexi MixC One 1bn Milestone MixC 4bn Milestone MixC Zhengzhou MixC 1bn Milestone

Shanghai MixC 2bn Milestone Zibo MixC One 1bn Milestone

Xiamen MixC 2bn Milestone Taiyuan MixC 1bn Milestone

Foot traffic （mn ppl） MixC 2bn Milestone Shijiazhuang MixC 1bn Milestone

Xixian MixC One 1bn Milestone

Wuxi MixC 1bn Milestone

Xiaoshan MixC One 1bn Milestone *Malls opened in and before 2017. Ganzhou MixC

华润置地有限公司 China Resources Land Limited http://www.crland.com.hk/ CR Land Results 2019 7 Results Highlights – IP Shining Newly Opened Malls

Excellent performance of 11 newly opened malls in 2019 • Average opening rate of 8 brand new malls and 3 renovated malls was 96%, among which 8 malls are asset heavy ones; • Opening day retail sales of 8 malls exceeded RMB 10mn; • Jinan MixC, Wujiang MixC One, Hefei Luyang MixC One and Suzhou Kunshan MixC One beat the record in CR Land history on the opening day.

Suzhou Wujiang MixC One Hefei Luyang MixC One

RMB 19.07mn RMB 20.45mn Opening day retail sales Opening day retail sales 158 brand names 100% Newly introduced to Wujiang Opening rate 25 brand names Newly introduced to Suzhou

Jinan MixC Suzhou Kunshan MixC One

RMB 36.65mn RMB 22.82mn Opening day retail sales Opening day retail sales 436 Shops 36% brand names Opened on the day Newly introduced to Kunshan 250,000 Foot traffic on the day

华润置地有限公司 China Resources Land Limited http://www.crland.com.hk/ CR Land Results 2019 8 Results Highlights – IP enhanced asset-light mall business

• 28 asset-light malls, of which 19 projects were in operation by the end of 2019;

• Explored operation models for different types of malls, accumulated renovation experience, realized better yield and increased MixC brand awareness in cities located in both western China (Lanzhou MixC) and lower tier cities.

Before & After of Fuzhou Cangshan MixC Li Before & After of Xiamen Siming MixC Li

华润置地有限公司 China Resources Land Limited http://www.crland.com.hk/ CR Land Results 2019 9 Results Highlights – Optimized Land Bank Structure

01. Optimize land bank structure

• Improved operational efficiency, accelerated asset turnover, balanced destock of different types of products, attributable contracted sales of commercial products increased 7.3% YoY; • Allocate resources with a strategic-driven and city- and project- specific approach.

02. Optimize investment rhythm

• Identify market changes and manage investment rhythm with a dynamic approach.

03. Optimize geographic exposure

• Focus on market share penetration in three key regions, namely Beijing-Tianjin-Hebei, Yangtze River Delta and the Big Bay Area, plus regional hub cities and related city clusters, with an aim to become market leader in each region.

华润置地有限公司 China Resources Land Limited http://www.crland.com.hk/ CR Land Results 2019 10 Results Highlights – Diversified Land Bank Channels

Explored diversify land bank channels: out of 82 projects acquired in 2019, there were 30 projects from urban redevelopment, collectively owned land, culture and sport synergy, tailored asset and TOD etc. channels while 6 from M&A.

1. Urban Redevelopment 2. Culture & Sport Synergy Low cost, large scale, primary location Low cost, high return Professional and experienced team Accumulated experience in stadium 1 2 construction and operation

3. Collectively-owned land 4. Tailored Asset Low cost, SOE first 3 4 Better payment arrangement, First mover advantage project quality guaranteed Acquired premium IP project in Beijing 5 6 5. M&A 6. TOD SOE reform opportunity, CR Group synergy Low cost, Capability of operating mixed-used large scale project better brand recognition with TOD projects Acquired 4 TOD projects

华润置地有限公司 China Resources Land Limited http://www.crland.com.hk/ CR Land Results 2019 11 Results Highlights – Finance Management Strengths

Low financial risk and high financial flexibility to support sustainable growth • Health balance sheet with net gearing ratio dropped to 30.3%; • Optimized financing channels with sector-low average cost of funding at 4.45% while average debt tenor extended to 5.4 years; • Record low non-RMB net debt exposure; • Maintained sector highest credit rating.

Decreased net gearing ratio Rating Agency Credit Rating Outlook 33.9%  30.3% BBB+ Stable Extended average debt tenor Baa1 Stable 3.7 years  5.4 years BBB+ Stable Record low non-RMB net debt exposure 23%  8% AAA Stable

Net gearing ratio Debt tenor Cost of funding

华润置地有限公司 China Resources Land Limited http://www.crland.com.hk/ CR Land Results 2019 12 II. FINANCIAL REVIEW

华润置地有限公司 China Resources Land Limited http://www.crland.com.hk/ CR Land Results 2019 13 Income Statement

Both development property and investment property drove up revenue • DP revenue increased 21%; • IP rental income boosted 26% YoY, which supported IP fair value appreciation; • GPM of DP normalized to 36.5%, which is still at the highest level in the sector, while GPM of IP rose to 66.5%, up 0.6 pt. YoY; • Core net profit achieved RMB21.65 billion, up 12.2% YoY; • EPS up 17.7% YoY to RMB4.12.

(RMB mn) FY19 FY18 Change Development Property Revenue Rental Income Revenue 147,736 121,189 21.9% RMB mn RMB mn Development 127,199 105,148 21.0% +21% +26%

Investment Property 12,028 9,519 26.3% 127,199 12,028 Gross Profit 56,000 52,582 6.5% 105,148 9,519 Development 46,397 45,111 2.9% Investment Property 7,993 6,270 27.5% Gross Profit Margin 37.9% 43.4% -5.5pt FY18 FY19 FY18 FY19 Development 36.5% 42.9% -6.4pt Core Net Profit EPS Investment Property 66.5% 65.9% 0.6pt RMB mn RMB IP (excluding hotel) 72.2% 72.8% -0.6pt +12% +17% Attributable Net Profit 28,672 24,238 18.3% 21,647 4.12 Core Net Profit 21,647 19,296 12.2% 19,296 3.50 Core Net Profit Margin 14.7% 15.9% -1.3pt Attributable Net Profit Margin 19.4% 20.0% -0.6pt EPS (RMB) 4.12 3.50 17.7% DPS (RMB) 1.066 1.059 0.7% FY18 FY19 FY18 FY19 华润置地有限公司 China Resources Land Limited http://www.crland.com.hk/ CR Land Results 2019 14 Balance Sheet

Healthy balance sheet reflected further improved operation and finance management efficiency. Increased efficiency in working capital and cash management by accelerating inventory turnover, strengthening centralized cash management and enhancing cash management in escort accounts etc. enable the Group to further expand its contracted sales, rental income and land acquisition in 2019 while total debt was up 1.8% YoY slightly, net interest-bearing debt to equity ratio (including minority interests) was down 3.6 pt. YoY and cash and cash equivalents dropped 10.2% YoY.

RMB mn FY19 FY18 Change EBITDA/Interests 8.9x 8.6x 8.8x 8.4x Cash and cash equivalents 63,699 70,969 -10.2%

Total debt 134,545 132,212 1.8%

Net debt 70,845 61,242 15.7% FY16 FY17 FY18 FY19 Total equity 233,473 180,705 29.2%

Total capitalization 368,017 312,916 17.6% Net Debt/Equity 35.9% 33.9% Total debt / capitalization 36.6% 42.3% -5.7pt 30.3% 23.8% Net debt / equity 30.3% 33.9% -3.6pt

EBITDA / interests 8.4x 8.8x -0.4x

FY16 FY17 FY18 FY19

华润置地有限公司 China Resources Land Limited http://www.crland.com.hk/ CR Land Results 2019 15 Debt Profile

Further optimized debt profile: stuck to high-quality and low-risk financing strategy with market leading financing quality, lower cost of funding, lower credit risk and lower foreign exchange risk

• Sector-low average cost of funding at 4.45%, down 0.02pt YoY;

• Non-RMB debt composition percentage dropped 8 percentage points to 26%, non-RMB net debt exposure declined dramatically to 8%;

• Average debt tenor extended to 5.4 years with lower average cost of funding, only RMB 21.3 billion debt due in 2020.

Avg. Funding Cost Debt Breakdown RMB bn

4.47% 4.45% 132 135 132 135 132 135 4.23% 4.16% Bonds 26% 27% Floating Rate 62% 58% RMB 66% 74%

Bank Loans 74% 73%

Fixed Rate 38% 42% Non-RMB 34% 26%

FY16 FY17 FY18 FY19 FY18 FY19 FY18 FY19 FY18 FY19

Non-RMB Net Debt Exposure Debt Maturity Profile Average Debt Tenor RMB bn 5.4 26% Onshore Offshore 31.6 23% 23% 4.1 4.2 29.1 3.7 21.3 13.9 22.0 16.6 17.6 8.4 8% 15.8 12.9 6.6 17.7 7.1 12.9 12.5 11.0 6.2 5.8

FY16 FY17 FY18 FY19 2020 2021 2022 2023 2024 2025-2044 FY16 FY17 FY18 FY19 华润置地有限公司 China Resources Land Limited http://www.crland.com.hk/ CR Land Results 2019 16 III. BUSINESS REVIEW

华润置地有限公司 China Resources Land Limited http://www.crland.com.hk/ CR Land Results 2019 17 DP – Booking

• Sector highest level of DP GPM: achieved RMB127.2 billion DP revenue and GPM normalized to 36.5% due to mix change;

• Focused on higher tier cities as always: booking from Tier 1 and Tier 2 cities increased to 89%, up 3 pt. YoY and Top 10 cities contributed 59% of the total DP revenue.

DP Revenue Recognized GFA Booking ASP Top 10 Cities RMB bn mn sqm RMB per sqm In terms of DP revenue 127.2 105.1 7.3 7.2 7.5 17,294 16,882 89.5 6.1 85.4 11,719 12,407 No. City % of DP Revenue 1 Shenzhen 11%

2 Chengdu 8%

FY16 FY17 FY18 FY19 FY16 FY17 FY18 FY19 FY16 FY17 FY18 FY19 3 Beijing 7% 6% Revenue Breakdown GP Margin DP Cost Composition 4 by City Tiers by City Tiers RMB per sqm 5 5% 9,657 10,599 Tier 1 48.3% 6 5% 26% 30% 30% 45% Land 38% 42% 36.5% 7 5% 32.0% 29.2% Construction Tier 2 54% 8 4% 59% 59% 41% 43% 42% Interest 9 Nanjing 4% Other Tier 3 20% 14% 15% 12% 11% 11% 4% 4% 10 Qingdao 4% FY16 FY17 FY18 FY19 Tier一线 1 Tier二线 2 Tier三线 3 Overall整体 FY18 FY19 华润置地有限公司 China Resources Land Limited http://www.crland.com.hk/ CR Land Results 2019 18 DP – Contracted Sales

• ASP and volume growth supported contracted sales increase: achieved RMB242.5 billion contracted sales, up 15.1% YoY, annual target accomplished and Top 10 positioning in sector maintained;

• Top 5 cities in terms of contracted sales covered 3 tier 1 cities and contribution from tier 1 and 2 cities was above 80%.

Contracted Sales Contracted GFA Contracted Sales in Diff. Measurements RMB bn mn sqm

13.2 Contracted Sales 242.5 12.0 FY19 % yoy 210.7 10.2 RMB bn 172.3 7.8 108.0 1 Gross 242.5 15.1% 2 Attributable 163.0 1.8%

FY16 FY17 FY18 FY19 FY16 FY17 FY18 FY19 Top 5 Cities in terms of Contr. Sales Contracted ASP Contracted Sales Value Breakdown RMB per sqm by City Tiers Cities % of Contr. Sales

17,572 18,304 26% 1 Beijing 8.5% 16,903 Tier 1 37% 31% 30% 13,924 2 Shenzhen 7.5% 58% Tier 2 52% 55% 59% 3 Hangzhou 6.7% 4 Shanghai 5.6% Tier 3 11% 14% 11% 16% FY16 FY17 FY18 FY19 FY16 FY17 FY18 FY19 5 Shenyang 3.9% 华润置地有限公司 China Resources Land Limited http://www.crland.com.hk/ CR Land Results 2019 19 IP – Mall, Office and Hotel

• Benefited from ramping up IP rental income, RMB12 billion in 2019, up 26% YoY, IP fair value reached to RMB156.5 billion, while cap rate used in re-valuation kept stable; • Rental income from mall achieved RMB9.15 billion, up 33% YoY, constituted 76% of total IP rental income and 72% of total IP fair value; • Office focused on Tier 1 and 2 cities, and realized RMB1.39 billion rental income, up 12% YoY; • Revenue of 9 Hotels in operation was RMB1.49 billion, up 5% YoY.

IP Rental Income IP Fair Value Breakdown RMB mn RMB bn

+26% 156.5 156.5 126.9 19% 126.9 12,028 99.2 19% 99.2 Mall 85.1 85.1 9,519 19% Under 24% 81% 76% 72% construction 7,646 81% 84% 81% Office 81% 6,270 Completed 76% 23% Other 16% 19% 21% FY16 FY17 FY18 FY19 FY16 FY17 FY18 FY19

Cap Rate Used in Re-valuation FY19 Shopping Mall Onshore Office Offshore Office FY16 FY17 FY18 FY19 Completed 5.5%-7.5% 5.25%-7.0% 4.4% Under construction 5.3%-7.5% N/A

华润置地有限公司 China Resources Land Limited http://www.crland.com.hk/ CR Land Results 2019 20 IP – Mall Leading in Overall Strength

• 88 asset-heavy malls with total GFA of 10.13 million square meters, of which 42 malls are in operation with total GFA of 5.16 million square meters and GLA of 3.17 million square meters. • Retail sales reached RMB64.6 billion, up 37% YoY, while same store sales growth was 18%; • Nearly 4,000 cooperative brands, the largest domestic landlord of international brands; • Total number of members exceeded 10 million, up 61% YoY.

Footprint of Asset-heavy Malls 东北 3 in operation 大区 3 under construction Retail sales: RMB64.6 billion, up 37% YoY Same store sales growth: 18% 9 in operation 华北 9 under construction 大区 22 malls: RMB 1bn+ retail sales 6 malls: RMB 3bn+ retail sales 4 in operation 华西 6 under construction 大区

Cooperative brands: nearly 4,000 Shops in operation: 13,000

华东 12 in operation largest domestic landlord of Int’l brands 大区 10 under construction

华中 7 in operation 大区 4 under construction Total members: 10 million, up 61% YoY Annual total foot traffic: 585 million ppl Daily foot traffic: 1.60 million ppl 华南 7 in operation 大区 14 under construction 华润置地有限公司 China Resources Land Limited http://www.crland.com.hk/ CR Land Results 2019 21 IP – Mall Increasing Efficiency and Return Profile

• Rental income growth of asset heavy malls was 36%, ave. occupancy rate improved to 94.8% and GPM expanded to 75.1%;

• Improved operation efficiency led to better return profile for malls in different stages: malls in mature stage, stable stage and cultivation stage realized ave. return on historical cost 33.4%, 13.1% and 14.6% respectively, up 2.3 pt., 1.9 pt. and 1.7 pt. respectively.

Mall Rental Income Mall Occupancy Rate Mall GPM RMB mn +0.7pt +0.8pt +36%

9,323 94.0% 94.1% 94.8% 72.1% 74.3% 75.1% 6,852 5,011

FY17 FY18 FY19 FY17 FY18 FY19 FY17 FY18 FY19

Return profile of malls in diff. stage Mature Stage Stable Stage Cultivation Stage Years opened 5yr+ 3-5yr 1-2yr Composition 6 MixC + 4 MixC One 6 MixC + 4 MixC One 13 MixC + 9 MixC One FY19 FY18 Change FY19 FY18 Change FY19 FY18 Change Rental income (RMB mn) 4,055 3,678 10.3% 2,226 1,895 17.5% 3,042 1,280 137.7% Occupancy rate 96.0% 95.9% 0.2 pt 95.1% 92.7% 2.4 pt 94.1% 93.9% 0.3 pt GPM 80.8% 80.6% 0.2 pt 70.2% 66.0% 4.2 pt 71.0% 68.4% 2.6 pt Ave. return on historical cost 33.4% 31.1% 2.3 pt 13.1% 11.2% 1.9 pt 14.6% 12.9% 1.7 pt Retail sales (RMB mn) 28,666 26,036 10.1% 15,882 12,794 24.1% 20,038 8,464 136.7%

Shanghai MixC, an unconsolidated project, is included in calculation on this slide. 华润置地有限公司 China Resources Land Limited http://www.crland.com.hk/ CR Land Results 2019 22 IP – Mall Opening Schedule

• Only Chengdu MixC Phase II and 2 asset-light malls are planned to open in 2020, 14 and 11 new malls are planned to open in 2021 and 2022 respectively;

• By the end of 2022, the Group will have 88 malls in operation and 28 malls will come on stream after 2022.

After 5 New and 1 Phase II 116 11.9 2024

2024 10 New 111 11.3

2023 13 New and 1 Phase II 101 10.4

Nanjing Nanjing Shenyang Qingdao Nanning Shenzhen Fuzhou Haikou Wuhan Sanshan- Songshan Shantou 2022 Yanziji Huanggu Laoshan Wuxiang Sungang 88 9.0 jie Lake

5 MixC 5 MixC One Chong- Nanning Taizhou Beijing Xi’an Shanghai Shenzhen Nanjing Shantou qing Guiyang Zhong- Yantai Nanchang MixC Lanzhou Yaojia- 2021 Laian Suhewan Qianhai Qiaobei 77 7.8 Dadukou shan Road Phase II yuan

4 MixC 6 MixC One Chengdu Hangzhou Shenyang MixC East Ningbo 2020 Changbai 64 6.5 Phase II Station No. of Total GFA malls (mn sqm) 华润置地有限公司 China Resources Land Limited http://www.crland.com.hk/ CR Land Results 2019 23 IP – Office

• As of 31 December 2019, the Group had 35 office projects with GFA 2.49 mn ㎡, of which 14 offices were in operation with 0.78 mn ㎡; • Office business realized RMB1.4 billion rental income, up 12% YoY; • Ave. return on historical cost of onshore office reached 10.6%, up 0.8 pt. YoY; • Office focused on prime location in Tier 1 and 2 cities, proportion of projects in tier 1, 2 and 3 were 49%, 49% and 2%; • The only one project in tier 3 city is Xiong’an Green Building Show Center strategically acquired in 2019.

Shenzhen Nanshan Fin&Tech City Beijing Phoenix Plaza Beijing Hi 5

Shenzhen CR Building Nanning CR Building Beijing CR Building Xiong ’an Project 华润置地有限公司 China Resources Land Limited http://www.crland.com.hk/ CR Land Results 2019 24 IP – Hotel

• As of 31 December 2019, the Group had 32 hotels with 10,241 rooms, of which 9 hotels were in operation with 2,661 rooms; • Hotel business realized RMB1.49 billion revenue, up 5% YoY; • Ave. occupancy rate reached 69.9%, up 3.7 pt. YoY; • Benefited from efficiency improvement, GOP reached RMB540 million, up 9% YoY, and operation profit reached RMB84.80 million, up 24% YoY, ave. return on historical cost achieved 6.9%, up 0.4 pt. YoY; • The Group will continuously promote its own hotel brand - Kapok. As the new flagship project, Beijing Daxing Airport Kapok Hotel, located at Daxing airport integrated service building, will open soon.

Hotels in Operation Beijing Daxing Airport Kapok Hotel

Shenzhen Grand Hyatt Shenzhen Luohu Kapok Shimei Bay Le meridien

Xiaojing Bay Le meridien Shenzhen Bay Kapok Shenyang Grand Hyatt

Dalian Grand Hyatt Hangzhou Park Hyatt Zibo Sheraton 华润置地有限公司 China Resources Land Limited http://www.crland.com.hk/ CR Land Results 2019 25 Land Bank – Strategy and New Land Acquisitions in 2019

Land bank strategy: following the national strategy of developing three key regions, namely the Beijing-Tianjin-Hebei region, the Yangtze River Delta and the --Macao Greater Bay Area, the Group increased quality resources allocation in the key regions, implemented a strategic urban cascade layout, coupled with further market penetration. • Disciplined investment to control land cost in 2019 and 82 acquired land parcels – Attributable land premium allocated to tier 1 and 2 cities were 81%, attributable land premium allocated to Big Bay Area, Yangze Delta and Jing-Jin-Ji Area were 20%, 22% and 13% respectively; – Total GFA 20.20 mn sqm: GFA 17.84 mn sqm for DP and GFA 2.36 mn sqm for IP; – Total land premium RMB142.4 billion: attributable land premium RMB 93.4 billion and total land premium for IP RMB10.3 billion; – Ave. land cost RMB7,050 /sqm: RMB7,083 /sqm for DP and RMB6,808 /sqm for IP; • Explored diversify land bank channels – City Development and Operation: successfully replicate Shenzhen Bay model in Xi’an, Chengdu and Qingdao to acquire 5 projects; – collective land: acquired Beijing Yinghai leasing apartment project and Hexie Yinzuo commercial project at low cost; – M&A: acquired 6 projects in Beijing, Tangshan and Taiyuan; – TOD: acquired 4 projects in Ningbo and Wuxi.

Xi’an 3 Centers Projects Universiade Stadium Project in Chengdu Qingdao Lanwan Sports Center 华润置地有限公司 China Resources Land Limited http://www.crland.com.hk/ CR Land Results 2019 26 Land Bank –New IP Projects Acquisitions in 2019

• Stuck to strategic-driven approach, focus on tier 1 and 2 cities, penetrated local market with “1 MixC plus several MixC One” model;

• The Group acquired 3 quality commercial projects in Beijing and 1 in Shenzhen during 2019.

Beijing 0% land price premium Beijing Haidian Xibeiwang Project Tailored asset transaction Large population base Innovative transaction around the project； model “Customization – GFA 75,000 ㎡ presale - collective development” ; Connected to metro and next to Zhongguancun; GFA 76,500 ㎡

Beijing Tongzhou Dongxia Park Project 1.03% land price premium Shenzhen Houhai Project 0% land price premium 500 meter east to Beijing Center of Nanshan government, connected to , prime metro station, expected commercial and traffic population inflow in near facilities; future; GFA 166,000 ㎡ GFA 90,000 ㎡ 华润置地有限公司 China Resources Land Limited http://www.crland.com.hk/ CR Land Results 2019 27 Land Bank – DP

• DP land bank is sufficient to support scale growth of the Group. By the end of 2019, the Group had total GFA of 58.52 million ㎡ DP land bank, up 17% YoY, and attributable GFA of 41.67 million ㎡, accounted for 71% of the total GFA;

• Land bank in tier 1 and 2 cities made up 67% percent of total GFA, and the Group increased its exposure in tier 3 cities located in city clusters with industry support and population inflow;

• Lank bank in three key regions, Yangtze Delta Area, Big Bay Area and Jing-Jin-Ji Area were 13%, 10% and 9% of the total DP land bank respectively.

DP Land Bank Breakdown by City Tier DP Land Bank Breakdown by Region Million ㎡ 58.52 11% 50.14 8% Tier 1 12% 59% Tier 2 60% 20%

19% 13% 33% Tier 3 28% 16%

FY18 FY19 21%

华润置地有限公司 China Resources Land Limited http://www.crland.com.hk/ CR Land Results 2019 28 Land Bank – IP

• IP business focused on tier 1 and tier 2 cities and the Group adopted a strategic-driven land bank approach for IP;

• By the end of 2019, the Group had total GFA of 10.16 million ㎡ IP land bank, up 8% YoY, and attributable GFA of 6.94 million ㎡, accounted for 68% of the total GFA;

• Land bank in tier 1 and 2 cities made up 82% percent of total GFA;

• Mall is the most important part of IP business with 52% of the IP total land bank, while the proportion of office and hotel were 22% and 11% respectively.

IP Land Bank Breakdown by City Tier IP Land Bank Breakdown by Region Million ㎡

10.16 9.43 5% Tier 1 20% 24%

25% Tier 2 65% 58% 11% 29% 8% Tier 3 15% 18%

FY18 FY19 22%

华润置地有限公司 China Resources Land Limited http://www.crland.com.hk/ CR Land Results 2019 29 Land Bank – Urban Redevelopment

The Urban Redevelopment Project is an important channel to replenish land in the core cities of the Big Bay Area. The Urban Redevelopment Project has a set of advantages, including large volume, primary location, and a higher GPM than the open market. As a pioneer, the Group has a professional team of more than 350 people, and has successfully delivered the largest and most exemplary project in Guangdong Province – Shenzhen Nanshan CR City. Total GFA of urban renewal projects will be nearly 9 million square meters in next three years, which will strongly support the continuous growth of the Group’s scale and profitability.

Strong Pipeline

19 30.55 mn. ㎡ Key Projects Total GFA

98% 71% Total GFA in Total GFA in Big Bay Area Shenzhen and Guangzhou

Shenzhen Nanshan CR City Shenzhen Luohu Hubei Project • Successful large scale urban redevelopment case ; • Explore China solution in high-density cities; • Biggest urban redevelopment project in Guangdong. • First phase land parcel, 0.23 million ㎡, is estimated to come on stream in 2020. 华润置地有限公司 China Resources Land Limited http://www.crland.com.hk/ CR Land Results 2019 30 X Strategy – Property Management

• With a vision to "become the most trustworthy asset manager in China", the Group’s property management business improved its customer satisfaction to 86, reaching the industry's outstanding quantile, by dedicating to performance benchmark, service quality, operation efficiency; • "Yue +" technology operation management system was launched to realize the scientific and technological operation of engineering services; • By the end of 2019, the Group’s property management business achieved growth in area under management by 40.8% YoY to 140 million ㎡, of which 11 million ㎡ was commercial property area and 39.9 million ㎡ was third party property area. • Revenue increased by 31.5% to RMB5.78 billion in 2019, of which residential and other property management revenue reached RMB3.81 billion, up 35.8% YoY, investment property management revenue was RMB1.97 billion, up 24.0% YoY. • Operating profit reached RMB408 million, up 27.7% YoY.

Area under mgt. Commercial area under mgt. Third party area under mgt. (million ㎡) (million ㎡) (million ㎡)

customer satisfaction Revenue Revenue from commercial property (RMB bn) (RMB bn) “Yue+” APP

华润置地有限公司 China Resources Land Limited http://www.crland.com.hk/ CR Land Results 2019 31 X Strategy – Senior Housing and Rental Apartment

Leasing Apartment Focused on prime location in core cities, leasing apartment business has the Group has expanded its geographical exposure to 13 cities, acquired 33 projects with 28,000 units, of which 18 projects were in operation with over 91% occupancy rate 6 months after opening. Projects return mattered and the Group actively explored collective land and rental land opportunities, like Beijing Daxing Yinghai project acquired in 2019 with land cost as low as RMB4,025 per ㎡.

Shenzhen Baishizhou Youchao Shenzhen North Train Station Shenyang Senior Housing Beijing Daxing Yinghai Apartment Youchao Apartment Project Senior Housing Project Senior Housing Focused on the three metropolitan areas, especially on key cities in Big Bay Area. While actively building up the core competence in operation and brand influence, the Group tried to integrate education, medical care, senior care, rehabilitation (nursing) and research into a "five in one" innovative model, which has initially closed the loop for the value chain in health care business. By the end of 2019, senior housing business has stepped into 12 cities and acquired 18 projects with 7,778 beds, of which 6 projects were in operation with 2,725 beds.

华润置地有限公司 China Resources Land Limited http://www.crland.com.hk/ CR Land Results 2019 32 X Strategy – City Development and Operation

• While actively cooperating with the urban planning and development strategy, enhancing mutual trust between the government and enterprises, New Projects in Big Bay Investment by Gov. (new project, RMB bn.) improving ecological and humanistic space in the city, and building a company’s brand reputation, it also compliments to our main business in terms of project acquisition. • In 2019, the Group successfully obtained the operation right of Shenzhen Talent Park. The Dasha River Ecological Park, constructed by the Group and Revenue in 2019 Total Projects in Big Bay opened in 2019, was widely praised by the society. Shenzhen Houhai city (RMB bn.) area planning and construction helped the Group to win one land parcel in Shenzhen Bay area.

Shenzhen Dasha River Ecological Park Shenzhen Houhai City Area Planning and Construction 华润置地有限公司 China Resources Land Limited http://www.crland.com.hk/ CR Land Results 2019 33 IV. STRATEGY & ESG

华润置地有限公司 China Resources Land Limited http://www.crland.com.hk/ CR Land Results 2019 34 Recognized Clear Strategy and Unique Business Model

Vision Better Quality Better City

Strategic Position: an integrated operator in city investment, development and operation Strategy Business Model: DP + IP + X

DP Top 10 in China with quality products and services +

Action IP IP business leader in China + Synergize with the core businesses, focus on development quality, and X continuously explore new engines to support the company's sustainable development

华润置地有限公司 China Resources Land Limited http://www.crland.com.hk/ CR Land Results 2019 35 Strong Track Record Support Share Price Appreciation

200 Revenue 147.7 RMB bn 121.2 83.4 93.5 101.9 CAGR 57.2 71.3 36.2 14.6 22.4 29.7 0 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019

50 Attributable Net Profit 28.7 CAGR RMB bn 19.7 24.2 14.2 16.7 8.6 11.7 11.7 3.9 5.2 6.7 0 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019

2 DPS RMB 1.06 1.07 CAGR 0.84 0.46 0.60 0.21 0.27 0.22 0.27 0.35 0.39 0 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 CR Land Share Price Performance +308% vs.HSI ^HSI +96%

2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019

华润置地有限公司 China Resources Land Limited http://www.crland.com.hk/ CR Land Results 2019 36 ESG – Establish a Community of Interests among Stakeholders

The Group has been selected as the constituent of Hang Seng To improve systematic ESG management structure and

Corporate Sustainability Index HSSUS-30 for 2 consecutive years, performance on a realistic and step-by-step approach. The Board established a dedicated committee to manage corporate social participated GRESB for 6 consecutive years and maintained 4 Star responsibility issues including ESG in 2019. in GRESB in 2019. From an environmental perspective, the Group

focuses on integrating the concept of environmental protection

into the process of project development and business operations

to minimise the adverse effect on the environment. In 2019,

environmental investment of the Group reached RMB19 million

and 65 projects won Green Building certificate, area of which was

about 10 million ㎡.

Environmental Investment Green Building RMB mn Certificated Area ‘000 ㎡ 18.9 19.0 10,321

4,816

FY18 FY19 FY18 FY19

华润置地有限公司 China Resources Land Limited http://www.crland.com.hk/ CR Land Results 2019 37 V. APPENDIX

华润置地有限公司 China Resources Land Limited http://www.crland.com.hk/ CR Land Results 2019 38 Schedule for Bookable Area in FY20-FY22 Area to be consolidated

City Tier 2020 2021 2022 (mn sqm) Tier 1 0.7 0.5 0.3 Tier 2 7.5 9.1 9.7 Tier 3 1.8 4.4 3.6 Total 10.0 14.0 13.6

华润置地有限公司 China Resources Land Limited http://www.crland.com.hk/ CR Land Results 2019 39 Land Acquisition in 2019

Attributable Land No. Month City Projects Interest Total GFA Land Premium AV Premium (%) (Sqm) (RMB Million) (RMB Million) (RMB/Sqm)

1 Jan Shanwei Central Business District Mixed-used Project 100% 1,247,234 2,120 1,081 1,700 2 Jan Changchun Changchun New District He'an East Residential Project 100% 214,276 969 969 4,522 3 Jan Lanzhou High-tech District Qilihe Zone Pengjiaping Project 100% 1,039,423 2,993 2,993 2,879 4 Jan Beijing Chaoyang District Dongbaxiang Dandian Village R2 Residential Project 33% 87,237 2,060 680 23,614 5 Jan Yibin Lingang Economic Development Zone Lingang New Town Mixed-used Project 100% 655,988 1,674 1,674 2,552 6 Jan Shenyang Qingchenshan Road North Residential Project 100% 59,752 251 251 4,200 7 Jan Wuxi Xinwu District Yangyaowan Project 100% 237,765 2,751 1,375 11,569 8 Jan Shanghai Jing'an District Shimen 1st Road Project 40% 88,966 5,802 2,321 65,216 9 Feb Qingdao Huangdao Smart Ocean Town Project Phase 1-2 41% 75,923 225 92 2,968 10 Mar Zhangjiakou Xiahuayuan Project 100% 52,024 49 49 948 11 Mar Hangzhou Xiaoshang District Qianjiang Century City M-04 18% 312,872 10,099 1,818 32,277 12 Apr Dalian Lvshun District Shuishiying Street A Project 100% 88,125 314 314 3,563 13 Apr Suzhou Changshu Gaoxin District Changkun Road East Side Project 50% 151,796 1,749 875 11,522 14 Apr Suzhou Changshu Gaoxin District Yinghuan Road West Side Residential Project 50% 69,018 820 410 11,881 15 Apr Shenyang Tiexi District Shuangfu Mechanism Residential Project 100% 59,097 366 366 6,200 16 Apr Ha'erbin Songbei District Wanda West Project 100% 222,583 2,013 2,013 9,042 17 Apr Wenzhou Lucheng District Qidu Street 03-B-22 Project 50% 84,740 1,153 577 13,606 18 Apr Dalian Ganjinzi District Dalian Bay Shide A District Project 100% 370,095 2,919 2,919 7,886 19 Apr Dalian Ganjinzi District Dalian Bay Shide B/C District Project 100% 396,837 3,136 3,136 7,902 20 May Xuzhou Development Zone High Tech Road East Residential Project 100% 203,841 913 913 4,478 21 May Shenyang Heping District Northeast Design Institute Commercial and Residential Project 100% 142,393 740 740 5,200

华润置地有限公司 China Resources Land Limited http://www.crland.com.hk/ CR Land Results 2019 40 Land Acquisition in 2019

Attributable Land No. Month City Projects Interest Total GFA Land Premium AV Premium (%) (Sqm) (RMB Million) (RMB Million) (RMB/Sqm)

22 May Ningbo Metro Line 3 Children's Park Station Commercial and Residential Project 51% 25,423 325 166 12,800 23 May Yichang East Station Commercial and Residential Project 25% 883,016 2,419 605 2,740 24 May Chengdu Longquanyi District Shiling Area Residential Project 100% 397,611 1,775 1,775 4,465 25 May Changzhou Tianning District Zhongwu Avenue South Commercial and Residential Project 70% 96,477 885 620 9,173 26 May Wuhan Dongxihu District No. 135 Residential Project 34% 141,943 743 253 5,236 27 May Xiangzhou District No. 13 Beiwei Residential Project 100% 61,263 935 935 15,269 28 May Wenzhou Lucheng District Hengdu North Project 50% 199,615 1,600 800 8,015 29 May Guiyang Baiyun District Heishitou Commercial and Residential Project 100% 339,085 2,392 2,392 7,053 30 Jun Xuzhou Development Zone High Tech Road East Residential Project 50% 72,028 170 85 2,363 31 Jun Shenyang Heping District Northeast Design Institute Commercial and Residential Project 51% 105,602 698 356 6,606 32 Jun Ningbo Metro Line 3 Children's Park Station Commercial and Residential Project 49% 37,753 262 128 6,940 33 Jun Yichang East Station Commercial and Residential Project 49% 587,599 502 246 854 34 Jun Chengdu Longquanyi District Shiling Area Residential Project 70% 29,515 205 143 6,935 35 Jun Changzhou Tianning District Zhongwu Avenue South Commercial and Residential Project 42% 463,409 2,725 1,145 5,881 36 Jun Wuhan Dongxihu District No. 135 Residential Project 65% 79,375 11,350 7,378 142,992 37 Jun Zhuhai Xiangzhou District No. 13 Beiwei Residential Project 100% 107,165 243 243 2,268 38 Jun Wenzhou Lucheng District Hengdu North Project 50% 214,138 7,340 3,670 34,277 39 Jun Guiyang Baiyun District Heishitou Commercial and Residential Project 51% 513,003 4,373 2,230 8,524 40 Jul Beijing Haidian District Xisanqi Commercial Project 100% 61,701 1,037 1,037 16,807 41 Jul Shenyang Huanggu District Shuichang West Residential Project 100% 77,630 380 380 4,900 42 Jul Kunming Wuliduo Phase III A16、A19 60% 280,704 2,707 1,624 9,642

华润置地有限公司 China Resources Land Limited http://www.crland.com.hk/ CR Land Results 2019 41 Land Acquisition in 2019

Attributable Land No. Month City Projects Interest Total GFA Land Premium AV Premium (%) (Sqm) (RMB Million) (RMB Million) (RMB/Sqm)

43 Jul Shanghai Minhang District Luheng Road Leasing Apartment Project 100% 50,321 495 495 9,840 44 Jul Shantou Longhu District East Coast Xincheng Xinxi Residential Project 100% 211,929 1,290 1,290 6,087 45 Jul Hefei Binhu District Chengdu Road Project 100% 188,134 2,059 2,059 10,945 46 Jul Nanning Xixiangtang District Nanmian Urban redevelopment Phase II 100% 53,006 267 267 5,035 47 Jul Dalian Pulandian District Pakelande A/B District Residential 100% 331,170 431 431 1,300 48 Jul Handan Lianpo Dajie Residential Commercial and Other 4 Projects 30% 867,139 1,642 493 1,893 49 Aug Lanzhou Chengguan District Yantan Yaner Bay Commercial Residential Project 100% 447,602 1,457 1,457 3,254 50 Aug Nantong Chongchuan District Yuanchuang Dongyue Residential 100% 126,000 2,226 2,226 17,668 51 Aug Shenyang Jinji Rd North No.1 100% 230,940 1,039 1,039 4,500 52 Aug Suzhou Wujiang District HuaGang No.2 Commercial Residential Project 100% 197,220 1,763 1,763 8,940 53 Sep Tianjing Jingnan District Lishuang Road East Side Residential Project 49% 186,605 1,667 817 8,933 54 Sep Shenzhen Nanshan District Shenzhen Bay Plaza Commercial and Cultural Project 100% 166,250 4,660 4,660 28,030 International Trade and Logistics Park Olympic Center South Side Xingwei Road Commercial 55 Sep Xi'an 70% 85,876 254 178 2,961 Project 56 Sep Qingdao Jiaozhou CR Ciry Project 79% 238,783 583 461 2,443 57 Sep Wuhan Xinzhou District Minfang Road West Side Residential Project 50% 115,042 262 131 2,276 58 Sep Xi'an International Trade and Logistics Park Olympic Center South Side Commercial Project 70% 260,748 858 601 3,292 59 Sep Baoding Jingxiu District Tiyuchang Street Project 50% 152,206 638 319 4,192 60 Oct Ningbo Jiangbei District Wantou Huanhu Residential Project 33% 269,442 2,209 736 8,200 61 Oct Beijing Xibeiwang Commercial Project 100% 77,725 2,459 2,459 31,638 62 Oct Beijing Tongzhou District Lucheng Zhen Dongxiayuan Commercial Project 50% 70,008 978 489 13,970 63 Oct Ningbo Haishu District Guidao No. 4 Liuxi New Village Station Project 51% 51,537 969 494 18,800

华润置地有限公司 China Resources Land Limited http://www.crland.com.hk/ CR Land Results 2019 42 Land Acquisition in 2019

Attributable Land No. Month City Projects Interest Total GFA Land Premium AV Premium (%) (Sqm) (RMB Million) (RMB Million) (RMB/Sqm)

64 Oct Tianjin Baodi District Baodi South Station Commercial Residential Project 49% 191,158 591 289 3,089 65 Nov Dongguan International Business District Commercial and Residential Project 100% 395,151 4,512 4,512 11,417 66 Nov Tangshan Lubei Disrtrict Jiantou Xi Lake Project 20% 517,414 2,128 426 4,113 67 Nov Nanjing Weiyuanzhou Senior Housing Project 51% 239,984 1,180 602 4,915 68 Nov Changchun Gaoxin South District Superior Sreet West Residential Project 49% 92,364 501 245 5,423 69 Nov Huhhot Xincheng District Daqingshan Street South No.2 Residential Project 100% 110,121 479 479 4,350 70 Nov Shenzhen Pingshan District Biling Street Residential Project 50% 132,560 2,042 1,021 15,404 71 Nov Changchun Changchun New District Gongyuan Jiuli No.2 Residential Project 100% 158,303 647 647 4,087 72 Nov Songbei District Mixc Manor East No.2 Residential Project 100% 94,193 732 732 7,772 73 Dec Shenyang Tiexi District University of Technology Residential Project 30% 130,148 1,380 414 10,600 74 Dec Beijing Daxing District Yinghai Town Collectively-owned Land Rental Housing Project 25% 152,097 612 150 4,025 75 Dec Baoding Xiong An New District Green Building Exhibition Center 53% 56,220 46 24 822 76 Dec Jining Gaoxin District Project Phase I 36% 340,697 866 312 2,542 77 Dec Taiyuan Coal Gasification Project 50% 716,950 3,668 1,834 5,116 78 Dec Langfang 74 Mu Residential Project 100% 98,762 519 519 5,255 79 Dec Shanghai Minhang Bridge Rental Housing Residential Project 100% 84,116 345 345 4,100 80 Dec Wuhan Xuehua Beer Factory Project 100% 744,411 3,834 3,834 5,150 81 Dec Chengzhong District Jinglan Aquatic Sports Complex Project 51% 845,698 3,278 1,672 3,876 82 Dec Changchun Nanguan District Bingbing Road 65 Project 100% 105,630 694 694 6,566 Total 20,204,692 142,442 93,390 7,050

华润置地有限公司 China Resources Land Limited http://www.crland.com.hk/ CR Land Results 2019 43 Booking of Development Property Revenue in 2019

Revenue GFA ASP Booked No. Projects (RMB ‘000) (Sqm) (RMB/Sqm) Total 127,198,557 7,534,789 16,882 1 Beijing Crown Land 3,638,896 50,737 71,721 2 Beijing Miyun CR Oak Bay 190,927 16,195 11,789 3 Beijing Positano Vita 2,018,901 55,335 36,485 4 Beijing Others 276,051 4,293 64,307 5 Beijing City Next 2,441,703 40,225 60,701 6 Beijing Oak Bay 267,291 4,017 66,534 7 Changzhou CR Int'l Community 891,878 107,231 8,317 8 Chengdu Twenty-Four City 3,815,830 316,735 12,047 9 Chengdu Park Land 235,372 32,128 7,326 10 Chengdu Jinyue Bay 2,113,093 185,320 11,402 11 Chengdu Triumphant Plaza 101,299 4,731 21,412 12 Chengdu Master Mansion 1,104,135 123,222 8,961 13 Chengdu Shiguangli 2,372,577 179,425 13,223 14 Dalian Infintas Hill 2,032,339 89,402 22,733 15 Dalian Twenty-Four City 2,314,284 192,601 12,016 16 Dalian Maritime 1,520,927 119,343 12,744 17 Dalian Top Mansion 272,102 27,783 9,794

华润置地有限公司 China Resources Land Limited http://www.crland.com.hk/ CR Land Results 2019 44 Booking of Development Property Revenue in 2019

Revenue GFA ASP Booked No. Projects (RMB ‘000) (Sqm) (RMB/Sqm) 18 Dalian CR Plaza 146,796 7,697 19,073 19 Fuqing Central Park 1,828,051 142,570 12,822 20 Fuzhou Mixc Residential 822,835 26,498 31,053 21 Fuzhou Oak Bay 156,948 5,512 28,475 22 Fuzhou Palace Glorious 1,303,791 86,590 15,057 23 Guangzhou CR Tianhe (Jinglun) 5,362,969 106,003 50,592 24 Guangzhou CR Tianhe (Pengshi) 2,215,031 49,093 45,119 25 City Crossing 592,975 70,518 8,409 26 Harbin Landmark Residence 980,780 66,384 14,774 27 Harbin Central Park 1,086,071 85,753 12,665 28 Haikou CR Centre 3,814,844 215,373 17,713 29 Hainan Shimei Bay 282,327 25,112 11,243 30 Hefei City Crossing 157,360 32,236 4,881 31 Hefei Xanadu 951,998 83,042 11,464 32 Jinan CR City 361,992 25,805 14,028 33 Jinan City Crossing 2,057,904 149,095 13,803 34 Linyi City Crossing 560,115 94,751 5,911 35 Liuzhou City Crossing 640,208 65,360 9,795

华润置地有限公司 China Resources Land Limited http://www.crland.com.hk/ CR Land Results 2019 45 Booking of Development Property Revenue in 2019

Revenue GFA ASP Booked No. Projects (RMB ‘000) (Sqm) (RMB/Sqm) 36 Mianyang Central Park 1,685,916 248,236 6,792 37 Nanchang Palace Glorious 968,015 91,407 10,590 38 Nanjing Int'l Community 4,756,795 162,907 29,199 39 Nanjing Top Mansion 139,862 13,668 10,233 40 Nanning Twenty-Four City 804,360 73,285 10,976 41 Nanning City Crossing 148,381 4,605 32,219 42 Nantong CR City Crossing 869,783 92,839 9,369 43 Ningbo Toscana Villas 157,824 16,415 9,615 44 Qingdao CR City 1,821,883 54,793 33,250 45 Qingdao City Crossing 2,890,449 95,596 30,236 46 Shantou CR City Crossing 1,352,372 88,628 15,259 47 Shantou City Crossing 524,968 31,274 16,786 48 Shanghai Jing'an Prime Land 5,982,861 92,057 64,991 49 Shanghai Eternal Palace 174,163 6,894 25,263 50 Shanghai Bound of Bund 230,789 3,192 72,294 51 Shanghai Oak Bay 105,966 1,144 92,597 52 Shanghai Central Park 196,805 13,044 15,088 53 Shenzhen CR City 9,468,392 125,662 75,348

华润置地有限公司 China Resources Land Limited http://www.crland.com.hk/ CR Land Results 2019 46 Booking of Development Property Revenue in 2019

Revenue GFA ASP Booked No. Projects (RMB ‘000) (Sqm) (RMB/Sqm) 54 Shenzhen Yinhu Blue Mountain 1,225,785 23,433 52,310 55 Shenzhen Bay Top Mansion 3,372,499 25,489 132,310 56 Shenyang The Eighth Courtyard 677,174 57,802 11,715 57 Shenyang Twenty-Four City 1,438,964 176,411 8,157 58 Shenyang Jade City 630,359 82,836 7,610 59 Shenyang Crown Land 2,099,541 178,717 11,748 60 Shenyang Chang'an Lane 854,112 60,691 14,073 61 Shijiazhuang City Crossing 195,749 12,839 15,247 62 Suzhou Top Mansion 1,875,281 129,262 14,508 63 Suzhou Top Mansion East 1,212,600 97,889 12,387 64 Taiyuan City Crossing 1,845,808 184,498 10,004 65 Tangshan Oak Bay 1,427,165 107,600 13,264 66 Tianjin Oak Bay 766,464 83,722 9,155 67 Weihai City Crossing 606,487 57,650 10,520 68 Wenzhou Mixc World Residence 4,123,749 131,229 31,424 69 Wuxi Jiangnan Prime Land 2,800,885 200,693 13,956 70 Wuxi Oak Bay 866,540 79,183 10,943 71 Wuxi Top Mansion 270,601 13,033 20,762

华润置地有限公司 China Resources Land Limited http://www.crland.com.hk/ CR Land Results 2019 47 Booking of Development Property Revenue in 2019

Revenue GFA ASP Booked No. Projects (RMB ‘000) (Sqm) (RMB/Sqm) 72 Wuhan Jade City 1,445,211 126,506 11,424 73 Wuhan Crown Land 2,996,990 155,307 19,297 74 Wuhan Crown Land Star 543,399 63,757 8,523 75 Wuhan Taoyuan Lane 154,898 7,654 20,238 76 Wuhan Palace Glorious 167,315 14,017 11,937 77 Xi'an Twenty-four City 475,971 44,208 10,767 78 Yancheng Oak Bay 932,200 100,484 9,277 79 Changchun Park Mansion 1,010,128 100,197 10,081 80 Changchun Landmark Residence 782,374 79,103 9,891 81 Changchun Palace Glorious 1,148,829 116,044 9,900 82 Taoyuan Lane 583,957 87,873 6,645 83 Changsha CR Plaza 207,989 29,066 7,156 84 Zhengzhou City Crossing 1,152,729 81,478 14,148 85 Zhengzhou Palace Glorious 406,881 22,564 18,033 86 Chongqing Twenty-Four City 872,297 76,221 11,444 87 Chongqing Crown Land 689,161 65,643 10,499 88 Chongqing Lan Shan Wang 761,855 81,402 9,359 89 Zhuhai Hengqin Grand Mixc 2,393,090 61,496 38,914 90 Zibo the Arch 229,801 30,532 7,526 Others (projects with revenue less than RMB100 million) 2,743,539 386,492 7,099

华润置地有限公司 China Resources Land Limited http://www.crland.com.hk/ CR Land Results 2019 48 Contract sales in 2019

Gross Sales Gross GFA Sold ASP No. Projects (RMB mn) (Sqm) (RMB/Sqm) Total 242,500 13,248,349 18,304 North China Region 52,728 2,531,963 20,825 1 Beijing Crown Land 2,144 36,622 58,553 2 Beijing Dream Land 1,457 40,899 35,626 3 Beijing Qiliqu Project 1,300 26,136 49,727 4 Beijing Positano Vita 521 16,761 31,100 5 Beijing CR City 1,406 47,555 29,573 6 Beijing Oak Mansion 2,795 54,657 51,142 7 Beijing City Future 1,186 20,166 58,812 8 Beijing Oak Mansion 6,630 124,577 53,219 9 Jinan Shizhongqu Xinglongxin 3,165 183,080 17,286 10 Jinan CR Plaza 3,162 178,491 17,713 11 Linyi City Crossing 865 151,473 5,712 12 Qingdao Ocean Smart City 579 51,555 11,233 13 Qingdao CR City 4,773 183,551 26,001 14 Qingdao City Crossing 928 41,916 22,133 15 Taiyuan City Crossing 1,701 130,557 13,030 16 Taiyuan Crown Land 1,667 115,350 14,453 17 Taiyuan Park Lane Manor 549 48,543 11,305

华润置地有限公司 China Resources Land Limited http://www.crland.com.hk/ CR Land Results 2019 49 Contract sales in 2019

Gross Sales Gross GFA Sold ASP No. Projects (RMB mn) (Sqm) (RMB/Sqm) 18 Taian Beihuang 634 75,396 8,409 19 Tangshan Oak Bay II 1,856 143,680 12,919 20 Tangshan Oak Bay I 1,032 78,495 13,149 21 Tianjin Nankai Top Mansion 1,824 54,182 33,663 22 Tianjin Xinmei Jiangjinxiuli 1,829 54,805 33,364 23 Zhengzhou New Century 735 55,091 13,348 24 Tianjin Zhongchu Zhengrong 1,435 49,476 28,998 Other Projects（North China Region) 8,556 568,949 15,037 East China Region 72,927 3,057,850 23,849 25 Changzhou Oak Mansion 1,876 140,833 13,321 26 Hangzhou Yuhang City North Centre 3,198 124,815 25,623 27 Hangzhou Mixc World Centre 1,267 46,576 27,209 28 Hangzhou Yuqing City 1,552 71,796 21,621 29 Hangzhou Central Station Plaza 673 19,768 34,043 30 Nanjing Int'l Community 1,305 64,440 20,247 31 Nanjing Jianye District Yuzui Project 2,057 51,684 39,795 32 Nantong City Crossing 511 51,938 9,845 33 Ningbo Top Mansion II 1,179 49,815 23,675 34 Ningbo City Next 2,338 82,299 28,414

华润置地有限公司 China Resources Land Limited http://www.crland.com.hk/ CR Land Results 2019 50 Contract sales in 2019

Gross Sales Gross GFA Sold ASP No. Projects (RMB mn) (Sqm) (RMB/Sqm) 35 Shanghai Jing'an Prime Land 3,968 44,706 88,750 36 Shanghai Mixc 1,232 35,003 35,210 37 Suzhou Jinyue Bay 529 22,040 23,997 38 Suzhou Taihu Xincheng Oak Mansion 2,899 183,597 15,788 39 Wenzhou Jinyue Lan Bay 1,249 50,608 24,674 40 Wenzhou Lucheng Mixc Mansion 2,189 70,891 30,874 41 Wenzhou Ludao Mixc World 4,912 239,571 20,503 42 Wuxi Park Land 1,365 62,346 21,889 43 Wuxi Jiangnan Prime Land 2,338 148,169 15,779 44 Wuxi Top Mansion 1,518 72,690 20,885 45 Xuzhou Heping Road Mixc Mansion 2,385 229,493 10,392 46 Xuzhou Crown Land 1,832 139,999 13,089 47 Xuzhou Gulou Ziyun Mansion 781 59,305 13,161 48 Hangzhou Chengpin Project 9,300 197,235 47,152 49 Jiaxing Lissom Loch 1,681 125,659 13,378 50 Nanjing Hi-tech District G27 834 33,373 25,005 51 Nanjing Jiangxinzhou Project 1,891 42,089 44,920 52 Suzhou Yonglan Park 629 34,445 18,273 Other Projects (East China Region) 15,439 562,664 27,439

华润置地有限公司 China Resources Land Limited http://www.crland.com.hk/ CR Land Results 2019 51 Contract sales in 2019

Gross Sales Gross GFA Sold ASP No. Projects (RMB mn) (Sqm) (RMB/Sqm) Region 48,151 1,796,065 26,809 53 Dongguan Park Land 651 37,224 17,492 54 CR Land Yueli 889 49,743 17,878 55 Fuqing Central Park 891 72,879 12,220 56 Fuzhou Palace Glorious 519 33,193 15,621 57 Guangzhou CR Tianhe (Jinglun) 564 6,666 84,654 58 Guilin City Crossing 912 107,745 8,467 59 Haikou CR Crossing 541 26,712 20,261 60 Hainan Shimei Bay Palace 1,111 50,065 22,194 61 Xiaojing Bay Garden 1,838 127,701 14,392 62 Liuzhou City Crossing 975 88,627 11,001 63 Liuzhou CR Plaza 560 65,787 8,508 64 Nanning Enjoy Ages 1,218 95,921 12,694 65 Nanning CR Plaza 1,294 109,086 11,866 66 Shenzhen Park Land 800 16,942 47,197 67 Shen Zhen CR City 3,434 35,011 98,082 68 Shenzhen Qianhai Center 4,848 50,978 95,108 69 Shen Zhen Bay Top Mansion 8,881 49,566 179,179 70 Zhuhai Henqin Mixc World 1,551 36,640 42,333

华润置地有限公司 China Resources Land Limited http://www.crland.com.hk/ CR Land Results 2019 52 Contract sales in 2019

Gross Sales Gross GFA Sold ASP No. Projects (RMB mn) (Sqm) (RMB/Sqm) 71 Da Land Songhu Top Mansion 1,698 63,815 26,605 72 Xiamen Qianhai Bay 547 16,333 33,504 Other Projects（South China Region) 14,429 655,429 22,014 West China Region 26,237 2,273,487 11,540 73 Chengdu Twenty-Four City 2,752 187,161 14,705 74 Chengdu Shiguanghui 601 45,515 13,206 75 Guiyang CR Int'l Community 2,042 207,274 9,852 76 Kunming Top Mansion 1,993 120,094 16,597 77 Lanzhou Glory Landscape 1,031 100,578 10,249 78 Xi'an Qujiang Jiuli 2,165 141,979 15,252 79 Xi'an Future City（Gangrun I） 643 63,185 10,173 80 Xi'an Future City（Gangrun II） 977 86,405 11,304 81 Xi'an Top Mansion 2,212 103,341 21,408 82 Yibin Park Land 889 95,048 9,353 83 Chongqing Park Land 2,017 154,735 13,038 84 Chongqing Kunyu Mansion 1,159 124,156 9,337 85 Chongqing Lan Shan Wang 1,560 155,298 10,048 86 Chongqing Run Xi Shan 877 99,793 8,783 87 Chongqing Splendid City 923 85,971 10,731

华润置地有限公司 China Resources Land Limited http://www.crland.com.hk/ CR Land Results 2019 53 Contract sales in 2019

Gross Sales Gross GFA Sold ASP No. Projects (RMB mn) (Sqm) (RMB/Sqm) Other Projects（West China Region) 4,395 502,954 8,738 Middle China Region 17,020 1,496,040 11,377 88 Ganzhou Oak Mansion 837 120,654 6,939 89 Hefei Oak Manor 702 54,162 12,970 90 Hefei Oriental Pearl 776 65,454 11,861 91 CR Fuyang Centre 2,356 250,290 9,413 92 Nanchang Mixc One 937 67,166 13,956 93 Nanchang Top Mansion 2,158 120,606 17,890 94 Wuhan Jade Center 1,168 76,747 15,216 95 Wuhan Crown Land 3,279 151,619 21,629 96 Changsha Crown Land 658 63,637 10,339 97 Changsha Tao Yuan Li 763 116,290 6,560 Other Projects（Central China Region) 3,385 409,415 8,268 Northeast China Region 25,437 2,092,944 12,154 98 Dalian Half Moutain View Manor 676 29,267 23,097 99 Dalian Dalian Bay 515 30,940 16,657 100 Dalian Twenty-Four City 1,664 119,105 13,971 101 Dalian Oriental Project 561 50,189 11,180 102 Shenyang Parkland 2,072 170,767 12,133

华润置地有限公司 China Resources Land Limited http://www.crland.com.hk/ CR Land Results 2019 54 Contract sales in 2019

Gross Sales Gross GFA Sold ASP No. Projects (RMB mn) (Sqm) (RMB/Sqm) 103 Harbin Oak Mansion 1,016 69,529 14,606 104 Harbin Ziyun Mansion II 560 37,310 14,998 105 Huhhot Park Lane Manor I 1,291 125,143 10,319 106 Huhhot Park Lane Manor II 685 53,622 12,779 107 Shenyang The Eighth Courtyard 788 62,724 12,567 108 Shenyang Twenty-Four City 908 105,164 8,633 109 Shenyang Oak Mansion 1,886 151,139 12,475 110 Shenyang Chang'an Lane 886 70,205 12,618 111 Changbai CR Plaza 890 60,362 14,737 112 Changchun Park Lane 689 58,494 11,775 113 Changchun Crown Land 1,985 154,917 12,813 114 Changchun Oak Mansion East 942 67,590 13,944 115 Changchun Chang'an Lane 622 48,249 12,887 116 Changchun Palace Glorious East 617 55,346 11,142 Other Projects (Northeast China Region) 6,185 572,883 10,796 Other projects: Projects with sales less than RMB 500 million and projects that not operated by CRL.

华润置地有限公司 China Resources Land Limited http://www.crland.com.hk/ CR Land Results 2019 55 IP in Operation as of 2019 Total GFA Attributable GFA No. Project Asset Type Interest (Sqm) (Sqm) 1 Zhengzhou Mixc 181,622 100% 181,622 Commercial Commercial 119,175 100% 119,175 Car Park Car Park 62,447 100% 62,447 2 Shanghai Times Square 90,842 100% 90,842 Commercial Commercial 47,930 100% 47,930 Office Office 33,806 100% 33,806 Car Park Car Park 9,106 100% 9,106 3 Shanghai Nanxiang Hi5 34,462 100% 34,462 Hi5 Commercial 26,078 100% 26,078 Car Park Car Park 8,384 100% 8,384 4 Hangzhou Mixc 425,484 60% 255,290 The Mixc Commercial 175,530 60% 105,318 Office Car Park 58,292 60% 34,975 Car Park Office 191,662 60% 114,997 5 Wuxi Mixc 233,100 60% 139,860 The Mixc Commercial 123,107 60% 73,864 Car Park Car Park 109,993 60% 65,996 6 Ningbo Yuyao Hi5 136,858 100% 136,858 Hi5 Commercial 83,036 100% 83,036 Car Park Car Park 53,822 100% 53,822

华润置地有限公司 China Resources Land Limited http://www.crland.com.hk/ CR Land Results 2019 56 IP in Operation as of 2019 Total GFA Attributable GFA No. Project Asset Type Interest (Sqm) (Sqm) 7 Shenzhen Mixc 303,484 100% 303,484 The Mixc Commercial 139,000 100% 139,000 Shenzhen CR Building Office 41,311 100% 41,311 Grand Hyatt Hotel Hotel 67,506 100% 67,506 Car Park Car Park 55,667 100% 55,667 8 Nanning Mixc 268,693 55% 147,781 The Mixc Commercial 182,300 55% 100,265 Car Park Car Park 69,258 55% 38,092 CR Building Office 17,135 55% 9,424 9 Chengdu Mixc 293,910 100% 293,910 The Mixc Commercial 132,500 100% 132,500 Chengdu CR Building Office 69,130 100% 69,130 Car Park Car Park 92,280 100% 92,280 10 Chongqing Mixc 374,973 100% 374,973 The Mixc Commercial 223,771 100% 223,771 Car Park Car Park 151,202 100% 151,202 11 Shenyang Mixc 379,288 100% 379,288 The Mixc Commercial 166,106 100% 166,106 Shenyang CR Building Office 59,583 100% 59,583 Car Park Car Park 96,559 100% 96,559 Grand Hyatt Hotel Hotel 57,040 100% 57,040

华润置地有限公司 China Resources Land Limited http://www.crland.com.hk/ CR Land Results 2019 57 IP in Operation as of 2019 Total GFA Attributable GFA No. Project Asset Type Interest (Sqm) (Sqm) 12 Hefei Shushan Hi5 66,141 100% 66,141 Hi5 Commercial 48,660 100% 48,660 Car Park Car Park 17,481 100% 17,481 13 Qingdao Mixc 378,612 97% 368,503 The Mixc Commercial 264,245 97% 257,190 Car Park Car Park 114,367 97% 111,313 14 Zibo Mixc One 250,705 100% 250,705 Mixc One Commercial 154,805 100% 154,805 Car Park Car Park 95,900 100% 95,900 15 Shenyang Tiexi Mixc One 255,728 100% 255,728 Mixc One Commercial 143,481 100% 143,481 Car Park Car Park 112,247 100% 112,247 16 Hefei Mixc 301,933 100% 301,933 The Mixc Commercial 181,000 100% 181,000 Car Park Car Park 120,933 100% 120,933 17 Changsha Xingsha Mixc One 71,126 100% 71,126 Mixc One Commercial 50,260 100% 50,260 Car Park Car Park 20,866 100% 20,866 18 Ganzhou Mixc 213,846 55% 117,615 The Mixc Commercial 139,913 55% 76,952 Car Park Car Park 73,933 55% 40,663

华润置地有限公司 China Resources Land Limited http://www.crland.com.hk/ CR Land Results 2019 58 IP in Operation as of 2019 Total GFA Attributable GFA No. Project Asset Type Interest (Sqm) (Sqm) 19 Wenzhou Mixc 231,538 51% 118,084 The Mixc Commercial 137,527 51% 70,139 Car Park Car Park 94,011 51% 47,946 20 Rizhao Mixc One 134,914 100% 134,914 Mixc One Commercial 91,571 100% 91,571 Car Park Car Park 43,343 100% 43,343 21 Hangzhou Xiaoshan Mixc One 184,330 100% 184,330 Mixc One Commercial 92,389 100% 92,389 Car Park Car Park 91,941 100% 91,941 22 Taiyuan Mixc 337,999 100% 337,999 The Mixc Commercial 209,987 100% 209,987 Car Park Car Park 128,012 100% 128,012 23 Chongqing Danzishi Mixc One 108,523 100% 108,523 Mixc One Commercial 58,440 100% 58,440 Car Park Car Park 50,083 100% 50,083 24 Nantong Mixc 284,410 55% 156,426 The Mixc Commercial 130,059 55% 71,532 Car Park Car Park 154,351 55% 84,893 25 Liuzhou Mixc 195,782 55% 107,680 The Mixc Commercial 122,653 55% 67,459 Car Park Car Park 73,129 55% 40,221

华润置地有限公司 China Resources Land Limited http://www.crland.com.hk/ CR Land Results 2019 59 IP in Operation as of 2019 Total GFA Attributable GFA No. Project Asset Type Interest (Sqm) (Sqm) 26 Shijiazhuang Mixc 311,826 100% 311,826 The Mixc Commercial 182,072 100% 182,072 Car Park Car Park 129,754 100% 129,754 27 Xiamen Mixc 207,473 100% 207,473 The Mixc Commercial 130,783 100% 130,783 Car Park Car Park 76,690 100% 76,690 28 Shenzhen Bay Mixc 254,837 100% 254,837 The Mixc Commercial 76,000 100% 76,000 Car Park Car Park 178,837 100% 178,837 29 Xi'an Mixc 219,940 100% 219,940 The Mixc Commercial 124,583 100% 124,583 Car Park Car Park 95,357 100% 95,357 30 Shanghai Mixc 253,021 50% 126,511 The Mixc Commercial 169,561 50% 84,781 Car Park Car Park 61,560 50% 30,780 Office Office 21,900 50% 10,950 31 Beijing Miyun Mixc One 150,317 97% 146,193 Mixc One Commercial 107,222 97% 104,280 Car Park Car Park 43,095 97% 41,913 32 Shenzhen Mixc World 347,760 100% 347,760 Mixc World Commercial 227,760 100% 227,760 Car Park Car Park 120,000 100% 120,000

华润置地有限公司 China Resources Land Limited http://www.crland.com.hk/ CR Land Results 2019 60 IP in Operation as of 2019 Total GFA Attributable GFA No. Project Asset Type Interest (Sqm) (Sqm) 33 Taizhou Mixc 47,156 100% 47,156 The Mixc Commercial 20,706 100% 20,706 Car Park Car Park 26,450 100% 26,450 34 Suzhou Wujiang Mixc One 123,579 50.0% 61,790 Mixc One Commercial 91,287 50.0% 45,644 Car Park Car Park 32,292 50.0% 16,146 35 Suzhou Kunshan Mix One 170,021 51.0% 86,711 Mixc One Commercial 101,399 51.0% 51,714 Car Park Car Park 68,622 51.0% 34,997 36 Jinan Mixc 306,457 55.0% 168,551 The Mixc Commercial 188,220 55.0% 103,521 Car Park Car Park 118,237 55.0% 65,030 37 Linyi Mixc 169,682 100.0% 169,682 Mixc One Commercial 105,132 100.0% 105,132 Car Park Car Park 64,550 100.0% 64,550 38 Harbin Songbei Mixc One 118,280 100.0% 118,280 Mixc One Commercial 89,280 100.0% 89,280 Car Park Car Park 29,000 100.0% 29,000 39 Guilin Mixc 139,416 100.0% 139,416 The Mixc Commercial 95,455 100.0% 95,455 Car Park Car Park 43,961 100.0% 43,961

华润置地有限公司 China Resources Land Limited http://www.crland.com.hk/ CR Land Results 2019 61 IP in Operation as of 2019 Total GFA Attributable GFA No. Project Asset Type Interest (Sqm) (Sqm) 40 Hefei Luyang Mixc One 99,080 100.0% 99,080 Mixc One Commercial 75,316 100.0% 75,316 Car Park Car Park 23,764 100.0% 23,764 41 London 20 Gresham Street 22,557 100% 22,557 Office Office 22,557 100% 22,557 42 Xiamen CR Building 95,952 100% 95,952 Block A Office 56,028 100% 56,028 Block B Office 39,924 100% 39,924 43 Hefei CR Building 65,000 100% 65,000 Office Office 65,000 100% 65,000 44 Shenzhen CR building 201,514 100% 201,514 Office Block B Office 56,369 100% 56,369 Office Block C Office 79,922 100% 79,922 Office Block D Office 65,223 100% 65,223 45 Dalian Grand Hyatt Hotel 77,179 55% 42,448 Hotel Hotel 59,237 55% 32,580 Car Park Car Park 17,942 55% 9,868 46 Huizhou Le Meridien Hotel 84,340 65% 54,821 Hotel Hotel 66,712 65% 43,363 Commercial Commercial 17,628 65% 11,458 47 Shenzhen Luohu Kapok Hotel Hotel 14,000 100.0% 14,000 48 Shenzhen Bay Kapok Hotel Hotel 33,500 100.0% 33,500

华润置地有限公司 China Resources Land Limited http://www.crland.com.hk/ CR Land Results 2019 62 IP in Operation as of 2019 Total GFA Attributable GFA No. Project Asset Type Interest (Sqm) (Sqm) 49 Zibo Sheraton Hotel Hotel 42,709 100.0% 42,709 50 Hangzhou Park Hyatt Hotel Hotel 46,030 60.0% 27,618 51 Hefei Grand Hyatt Hotel Hotel 48,584 100.0% 48,584 52 Car Park 192,125 183,218 Car Park Car Park 172,475 164,283 Commercial Commercial 6,953 6,953 Others Others 12,697 11,982 53 Others 1,272,875 1,075,441 Commercial Commercial 419,128 328,572 Office Office 415,598 401,233 Car Park Car Park 66,246 65,346 Hotel Hotel 42,000 42,000 Others Others 329,903 238,290 Total 10,853,512 9,330,645 Includes: Commercial 5,472,009 4,654,918 Office 1,101,778 1,045,435 Hotel 477,318 408,900 Others 3,802,407 3,221,392

华润置地有限公司 China Resources Land Limited http://www.crland.com.hk/ CR Land Results 2019 63 Launch Schedule for IP in 2020-2022

GFA No. Projects Operation (Sqm) 1 Chengdu Mixc (Ph. 2) 2020 158,400 2 Hangzhou East Station Mixc One 2020 32,529 3 Shenyang Changbai Mixc One 2020 73,206 4 Ningbo Mixc One 2020 55,355 5 Shenzhen Qianhai Mixc 2021 72,811 6 Ningbo Mixc 2021 137,552 7 Chongqing Dadukou Mixc One 2021 82,071 8 Taizhou Mixc (ph.2) 2021 86,999 9 Shantou Mixc 2021 185,960 10 Guiyang Mixc One 2021 100,101 11 Shanghai Suhewan Project 2021 47,085 12 Nanning Road Mixc One 2021 74,246 13 Yantai Mixc One 2021 122,300 14 Nanchang Mixc 2021 55,223 15 Xi'an Lai'an Centre Project 2021 74,434 16 Nanjing Qiaobei Mixc One 2021 70,576 17 Beijing Yaojiayuan Project 2021 46,374 18 Lanzhou Mixc 2021 152,200

华润置地有限公司 China Resources Land Limited http://www.crland.com.hk/ CR Land Results 2019 64 Launch Schedule for IP in 2020-2022

GFA No. Projects Operation (Sqm)

19 Wuhan Mixc 2022 183,952 20 Nanning Wuxiang Mixc One 2022 57,804 21 Shantou Mixc One 2022 45,411 22 Fuzhou Mix 2022 89,602 23 Shenyang Huanggu Mixc 2022 94,934 24 Shenzhen Sungang Project 2022 78,788 25 Haikou Mixc 2022 114,579 26 Nanjing Yanziji Mixc One 2022 210,177 27 Nanjing Sanshan Street Mixc 2022 83,657 28 Qingdao Laoshan Mixc One 2022 71,380 29 Dongguan Songshan Lake Mixc One 2022 101,000 Total rental area to be added in 2020-2022 2,758,706

华润置地有限公司 China Resources Land Limited http://www.crland.com.hk/ CR Land Results 2019 65 Disclaimer

• All information and data herein are intended for reference and general information purposes only.

• All opinions included constitute China Resources Land Limited (“CR Land”) or its subsidiaries, associated or affiliated companies’ judgment as of the date hereof and are subject to change without notice.

• CR Land cannot and does not represent, warrant or guarantee the accuracy, validity, timeliness, completeness, reliability or otherwise of any information contained in the materials herein.

• CR Land, its subsidiaries and affiliates hereby disclaim (i) all express, implied, and statutory warranties of any kind to user and/or any third party including warranties as to accuracy, timeliness, completeness, or fitness for any particular purpose; and (ii) any liability whatsoever for any loss howsoever arising from or in reliance upon the whole or any part of the information and data contained herein.

华润置地有限公司 China Resources Land Limited http://www.crland.com.hk/ CR Land Results 2019 66