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Exchanges and Clearing Limited and The Stock Exchange of Hong Kong Limited take no responsibility for the contents of this announcement, make no representation as to its accuracy or completeness and expressly disclaim any liability whatsoever for any loss howsoever arising from or in reliance upon the whole or any part of the contents of this announcement.

(Incorporated in the Cayman Islands with limited liability) (Stock code: 1109)

VOLUNTARY ANNOUNCEMENT

LAND ACQUISITION UPDATE FOR THE TWO MONTHS ENDED 30 NOVEMBER 2018

China Resources Land Limited (the “Company”) is pleased to provide its shareholders update on land acquisitions carried out by the Company and its subsidiaries (the “Group”), for the two months ended 30 November 2018 (the “Land Acquisition Update”).

In October and November 2018, the Group acquired 9 land parcels in , , , , , , , and with total gross floor area (“GFA”) of approximately 1,845,371 square meters. The attributable land premium payable by the Group in respect of the relevant land acquisitions amounted to approximately RMB9,735 million.

Details of the Group’s land acquisitions in 2018 are set out in below table for reference:

Land Attributable Attributable Interest Total GFA Premium Land No. Month City Project Name GFA (%) (sqm) (RMB Premium (sqm) mn) (RMB mn) Luohu 1 Jan Shenzhen 70% 294,670 206,269 5,060 3,542 Sungang Project Qujiang New District Chang’an 2 Jan Xi’an 70% 182,048 127,434 1,073 751 South Rd Residential Gulou District Zhulu 3 Jan 100% 60,138 60,138 639 639 Factory Project Qujiang New District Laian 4 Jan Xi’an 100% 94,699 94,699 1,649 1,649 Centre East Commercial International Harbor 5 Jan Xi’an District Olympic 70% 359,231 251,462 731 511 Center South Project Shizhong District 6 Feb Xinglong South 100% 1,052,691 1,052,691 9,647 9,647 Project

Land Attributable Attributable Interest Total GFA Premium Land No. Month City Project Name GFA (%) (sqm) (RMB Premium (sqm) mn) (RMB mn) Jianggan District 7 Feb Changmu 50% 125,647 62,824 1,771 886 Residential Baoshan Meilan 8 Feb Shanghai 50% 89,011 44,506 2,585 1,293 Lake Project 9 Feb Guangzhou 14% 271,465 38,765 3,318 474 Xingnan Rd Project 10 Mar Shenzhen 51% 111,750 56,993 1,456 743 Sanjiu Hotel Project Yuelu District 11 Mar Xiufeng Rd C17 100% 139,557 139,557 859 859 Project Shapingba District 12 Mar 51% 293,591 149,731 1,850 943 Xiyong Residential Jingyue District 13 Mar Changchun 100% 114,676 114,676 517 517 Fuao Project Hi-Tech South 14 Mar Changchun District Tianmaohu 100% 88,728 88,728 568 568 West Project Jianan North District 15 Apr Xuchang 100% 350,256 350,256 1,429 1,429 Weiwu Rd Project Yuhang District 16 Apr Hangzhou Linping Mountain 50% 164,492 82,246 2,274 1,137 North Project New City District 17 Apr Hohhot 100% 185,066 185,066 623 623 Wantong Rd Project Lvshunkou District 18 Apr 100% 63,104 63,104 225 225 Shuishiying C03A Lvshunkou District 19 Apr Dalian 100% 51,792 51,792 187 187 Shuishiying C09A Shanghu District 20 Apr Changshu 100% 64,862 64,862 653 653 Feicui Rd Project Feidong County Cuo Town 21 Apr 100% 188,767 188,767 1,115 1,115 Zhenyanggang Rd Project Qujiang New 22 Apr Xi’an District Yanxiang Rd 49% 391,600 191,884 1,597 782 Project Development Zone 23 Apr 100% 241,612 241,612 1,041 1,041 Heping Rd Project 24 Apr Guangzhou Sanlian Village 20% 256,007 51,201 3,218 644 Project 25 Apr Project 100% 140,077 140,077 1,734 1,734 Nanhu Core CBD 26 May 50% 364,316 182,158 882 441 Project Hi-Tech District 27 May Hongsong Rd 22% 84,748 18,644 352 77 Project Daxing Yizhuang 28 May Beijing 100% 7,230 7,230 230 230 Meiyuan Project

Land Attributable Attributable Interest Total GFA Premium Land No. Month City Project Name GFA (%) (sqm) (RMB Premium (sqm) mn) (RMB mn) 39 Shouson Hill Rd 29 May Hong Kong 100% 6,416 6,416 4,837 4,837 Residential Yinzhou District No.2 Caihong North 30 May 100% 18,453 18,453 133 133 Rd, Leasing Apartment Gulou District No.206 Zhongshan 31 Jun Nanjing 100% 3,772 3,772 67 67 North Rd Sanpailou Project Zhengdong New District High-speed 32 Jun Zhengzhou 60% 716,491 429,895 1,582 949 Railway New Times Square Project 33 Jun Nanzhuang Rd 100% 45,947 45,947 461 461 Project Beilun District 34 Jun Ningbo 100% 53,568 53,568 670 670 ZB02-02-08 Project Economic Development Zone 35 Jun Changzhou 51% 193,307 98,587 1,230 627 Changqing Rd Residential Project Fengtai District 36 Jun Beijing Xiaowayao Village 50% 290,836 145,418 4,980 2,490 Project Shapingba District 37 Jun Chongqing Xiyong Group M 100% 357,369 357,369 1,193 1,193 Project Jingyue District 38 Jun Changchun 100% 219,296 219,296 1,191 1,191 Huaao Project Lucheng District 39 Jun Wenzhou 100% 276,385 276,385 3,070 3,070 Qidu Rd Project Liaozhong District 40 Jun 100% 115,695 115,695 116 116 Yigao Project Changping Town 41 Jun Hengjiangxia 100% 39,997 39,997 456 456 Village Project Tong'an District 42 Jul 100% 53,780 53,780 915 915 Meiyang Rd Project Xiang'an District 43 Jul Xiamen Xinchengzhong Rd 33% 73,720 24,328 1,397 461 Project Jiangsha Rd and 44 Jul 100% 156,874 156,874 1,026 1,026 Huasheng Rd Project International Harbor District Olympic 45 Jul Xi‘an 70% 248,531 173,972 608 426 Center Residential Project Yuhu District 46 Jul 50% 385,327 192,663 1,469 735 KG2018005 Project

Land Attributable Attributable Interest Total GFA Premium Land No. Month City Project Name GFA (%) (sqm) (RMB Premium (sqm) mn) (RMB mn) Yuhu District 47 Jul Jieyang 50% 328,535 164,267 1,315 658 KG2018007 Project Sanlin Square 48 Jul Shanghai 100% 26,264 26,264 480 480 Project Honggutan New 49 Aug District City 100% 740,941 740,941 3,074 3,074 Crossing Project 50 Aug Guangzhou 100% 163,075 163,075 2,595 2,595 Phenix Road Project Zengcheng District 51 Aug Guangzhou Zhongxin Town 029 100% 78,091 78,091 866 866 Project Qingxi Town Liheng 52 Aug Dongguan 100% 89,452 89,452 1,078 1,078 Road Project 53 Aug Duanzhou 1st Road 100% 55,789 55,789 267 267 Project Qishi Town 54 Aug Dongguan Tielukeng Village 100% 146,590 146,590 1,205 1,205 Project Sujiatun District 55 Aug Shenyang Chuangxin Road 100% 397,564 397,564 1,312 1,312 North Project 56 Aug Qingtao 41% 90,562 37,130 122 50 Binhai Road Songjiang Indutrial 57 Aug Shanghai District Leasing 100% 50,804 50,804 183 183 Apartment Project Baiyun District 58 Aug Guangzhou Jiahe Road Xinke 100% 30,422 30,422 740 740 Village Project Chengnan New District 59 Aug Fuyang 80% 1,271,603 1,017,282 2,145 1,716 Shuangqingwan Park South Project Jinshan Lake 60 Aug 33% 652,456 215,310 3,269 1,079 Commercial Project Songbei District 61 Aug Zhongyuan Road 100% 150,240 150,240 930 930 Project 62 Aug Xiyuan Restaurant 51% 160,820 82,018 635 324 Project Daiyue District 63 Aug Taian 40% 194,528 77,811 236 94 Beihuang Project Wudong Lake New District Commercial 64 Sep Ezhou 50% 1,801,523 900,762 2,511 1,256 and Residential Project Daoli District Qunli No.6 Road 05 65 Sep Harbin 100% 113,955 113,955 676 676 Commercial and Residential Project

Land Attributable Attributable Interest Total GFA Premium Land No. Month City Project Name GFA (%) (sqm) (RMB Premium (sqm) mn) (RMB mn) Xindu District 66 Sep Chengdu Banzhuyuan Town 100% 109,674 109,674 549 549 Residential Project Wanbailin District 67 Sep Changfeng West 65% 40,361 26,235 322 210 Road Project Zengcheng District Licheng Road 68 Sep Guangzhou 25% 399,957 99,989 4,995 1,249 Sanlian Village Residential Project Xiangfang District Tongxiang Road Ziyun Mansion 69 Sep Harbin 100% 93,500 93,500 630 630 North Commercial and Residential Project Haicang District 70 Sep Xiamen 33% 95,000 31,635 2,380 793 2018HP02 Project Nanguan District South Lake Middle 71 Sep Changchun 100% 21,581 21,581 108 108 Road West Residential Project Nanguan District South Lake Middle 72 Sep Changchun 100% 29,096 29,096 54 54 Road East Commercial Project New City District Xingfuli Westnorth 73 Oct Hohhot 100% 183,844 183,844 492 Commercial and 492 Residential Project Songjiang District 74 Oct Shanghai Sijing Town Plot 100% 40,333 40,333 125 125 07-09 Longquanyi District 75 Oct Chengdu Crown Lake Sports 100% 785,165 785,165 3,284 3,284 Center Project Changping District Qiliqu Commercial 76 Nov Beijing 5% 137,271 6,864 2,657 133 and Residential Project Zhengding New Shijia- District Chongren 77 Nov 100% 130,400 130,400 833 833 zhuang Road Residential Project Guangming New District Matian 78 Nov Shenzhen Road Nanguang 100% 92,398 92,398 2,220 2,220 Highway Residential Project Hengli Town 79 Nov Guangzhou 100% 104,908 104,908 1,218 1,218 Lingshan Island 2018NJY-11

Land Attributable Attributable Interest Total GFA Premium Land No. Month City Project Name GFA (%) (sqm) (RMB Premium (sqm) mn) (RMB mn) Commercial and Residential Project Hi-tech South District Chaoran 80 Nov Changchun 100% 264,459 264,459 1,039 1,039 Road East Residential Project Lucheng District 81 Nov Wenzhou Shuixin Cailanzi 20% 106,593 21,319 1,958 392 Project Total: 18,265,748 13,251,549 119,204 84,600

The preliminary figures disclosed above are derived from the Group’s internal management records and subject to change and may differ from those appear in the audited and unaudited financial statements of the Group to be published on yearly and half-yearly basis. They shall not be taken as a measure or indication of the Group’s current or future operating or financial performance. As such they are strictly for information only and not for any other purpose. Investors are advised not to place any reliance on the information disclosed herein but to exercise due caution when dealing in the securities of the Company. The Land Acquisition Update does not constitute, nor should it be construed as, an offer or solicitation for the purchase or sale of any securities or financial instruments of the Company or any of its subsidiaries or associates. Any investor who is in doubt is advised to seek advice from professional advisors.

By Order of the Board Resources Land Limited TANG Yong Chief Executive Officer

PRC, 10 December 2018

As at the date of this announcement, the executive directors of the Company are Mr. Wu Xiangdong, Mr. Tang Yong, Mr. Li Xin, Mr. Zhang Dawei, Mr. Xie Ji and Mr. Shen Tongdong; the non-executive directors of the Company are Mr. Yan Biao, Mr. Chen Ying, Mr. Wang Yan and Mr. Chen Rong; and the independent non-executive directors of the Company are Mr. Andrew Y. Yan, Mr. Ho Hin Ngai, Bosco, Mr. Wan Kam To, Peter, Mr. Zhong Wei and Mr. Sun Zhe.