Stable Development in Yangtze River Delta Region

2020 Annual Results Briefing 31 March 2021 Contents

1.Highlights 2.Business Operation 3.Financial Performance 4.Future Development Appendix

1 Disclaimer

By attending the meeting where this presentation is made, or by reading the presentation materials, you agree to be bound by the following limitations: The information in this presentation has been prepared by representatives of Sinic Holdings (Group) Company Limited (the "Company", and together with its subsidiaries, the "Group") for use in presentations by the Group at investor meetings for information purposes. No part of this presentation should form the basis of, or be relied on in connection with, any contract or commitment or investment decision whatsoever. 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 the information, or opinions contained herein. Neither the Company nor any of its directors, supervisors, officers, partners, employees, affiliates, agents, advisors or representatives shall have any responsibility or liability whatsoever (for negligence or otherwise) for any loss howsoever arising from any use of this presentation or its contents or otherwise arising in connection with this presentation. The information set out herein may be subject to updating, completion, revision, verification and amendment and such information may change materially. This presentation is based on the economic, regulatory, market and other conditions as in effect on the date hereof. It should be understood that subsequent developments may affect the information contained in this presentation, which neither the Company nor any of its directors, supervisors, officers, partners, employees, affiliates, agents, advisors or representatives is under an obligation to update, revise or affirm. The information communicated in this presentation contains certain statements that are or may be forward-looking. These statements typically contain words such as "will", "may", "expects", "forecasts", "plans" and "anticipates" and words of similar import. By their nature forward-looking statements involve risk and uncertainty because they relate to events and depend on circumstances that will occur in the future. There may be additional material risks that are currently not considered to be material or of which the Company and its advisors or representatives are unaware. Against the background of these uncertainties, readers should not rely on these forward-looking statements. The Company assumes no responsibility to update forward-looking statements or to adapt them to future events or developments. This presentation and the information contained herein does not constitute or form part of any offer for sale or subscription of or solicitation or invitation of any offer to buy or subscribe for any securities of the Company or any of its subsidiaries or affiliates in any jurisdiction. This presentation and the information contained herein is highly confidential and being furnished to you solely for your information and may not be reproduced or redistributed in any manner to any other person, in whole or in part. In particular, neither the information contained in this presentation nor any copy hereof may be, directly or indirectly, taken or transmitted into or distributed in the United States, Canada, Australia, Japan, Hong Kong or any other jurisdiction which prohibits the same except in compliance with applicable securities laws. Any failure to comply with this restriction may constitute a violation of U.S. or other national securities laws. No money, securities or other consideration is being solicited, and, if sent in response to this presentation or the information contained herein, will be accepted. By attending this presentation, you acknowledge that you will be solely responsible for your own assessment of the market and the market position of the Group and that you will conduct your own analysis and be solely responsible for forming your own view of the potential future performance of the business of the Group. Any decision to purchase securities in the context of a proposed offering of securities, if any, should be made solely on the basis of information contained in an offering circular or prospectus prepared in relation to such offering. By reviewing this presentation, you are deemed to have represented and agreed that you and any customers you represent are outside the United States. You are also deemed to have represented and agreed that you and any customers you represent are professional investors as defined in the Securities and Futures Ordinance (Chapter 571 of the Laws of Hong Kong) and any rules made thereunder.

2 1.Highlights

Wuxi Feicuiwan3 2020 Annual Results Highlights

Revenue Net gearing Ratio Total facilities Dividend payout ratio 28.1 billion 63.3% 90.7 billion 26.8%

Strong growth in revenue Robust Financial Position Diversified financing Clear dividend policy and net profit channels

• Recognised revenue • The net gearing ratio • H-to-H strategic cooperation • Annual dividend per share approximately RMB28.07 decreased to 63.6%, established with banks; the RMB14 cents per share billion, up 4.0% YoY maintaining the level within total credit facilities obtained • Dividend payout ratio is 26.8% 80% from financial institutions was of core attributable to owners • The cash-to-short-term debt RMB90.7 billion, increase of the parent • The core profit attributable to ratio was 1.2x 22.7% YoY. owners of the parent(1) was Existing onshore RMB approximately RMB1.87 billion, • corporate bonds of RMB 750 up 0.8 % YoY The weighted average cost of • million and offshore indebtedness was 9.1%, corporate bonds of USD 740 decreased by 0.1 ppt YoY million • Existing ABS of RMB1,180 million

Robust Financial Policy

(1) Core profit attributable to the owners represents profit attributable to the owners less the changes in fair value of investment properties (net of tax) and changes in fair value of financial assets/liabilities (net of tax). (2) The calculation of net gearing ratio is based on total indebtedness less cash and bank balances divided by total equity at the end of the year and multiplied by 100%. 4 2020 Operation Highlights

Total contracted sales Total land reserve SINIC 5S Three major 113.74 billion digital platforms 15.21 million sq.m

Maintain high-quality Adherence to quality Delicacy operation Rigorous land and provision of growth management acquisition strategy complete services • Total contracted sales • SINIC 5S landed and products • The efficiency, cost control, • As of December 31, 2020, the reached RMB113.74 billion; fully upgraded and operational Company has 150 projects attributable contracted sales • Won 52 product awards, capabilities have been • Total attributable land reserve is reached RMB50.42 billion, including 27 awards in the further developed about 15.21 million square up 11.8% YoY 15th Kinpan Awards • A total of three digital meters, first-tier and second-tier • Attributable contracted cities account for about 85.6% • The Group’s customers platforms have been built, average selling price was satisfaction rate is 89.9%; which were digital • 35 new projects in 2020, with RMB15,006 per sqm, up ranking 8 out of 110 real estate operation platform, core attributable planned area of 14.7% YoY companies by FG data platform and Internet 3.47 million square meters, a + procurement platform. total attributable investment of • Sustainable development: approximately RMB15.7 billion, established governance and an average land price of mechanisms and procedures approximately RMB4,527 per for the issuance of green, square meter socially responsible, sustainable development • 60% of the value is in the bonds, loans and other debt Yangtze River Delta and the instruments Greater Bay Area

5 2.Business Operation

Nanchang Heyuebingjiang 6 Contracted sales maintained significant growth with a more balanced structure

In 2020, the total contracted sales and the attributable contracted sales reached RMB113.7 billion and RMB50.4 billion respectively, representing a YoY increase of 24.4% and 11.8% respectively, in which the Greater Bay area and Yangtze River Delta region accounted for 52%, Tier-1 and Tier-2 cities’ sales represented 90%.The attributable sales area was 3,360,103 sq.m., and the attributable contracted average selling price was RMB15,006 per sq.m., representing a YoY increase of 14.7%. Attributable sales breakdown by regions 2019 2020 Central & Western China and others Central & Western China and Others 11% Jiangxi 17% Yangtze River Province Delta region 31% 11% 45.1 50.4 billion billion Jiangxi Greater Bay Province Yangtze River Area 54% Delta Region Greater Bay 24% 28% Area 24%

Attributable sales by city tier Percentation of Attributable Sales total Attributatble GFA Attributable ASP Tier-1 Region （RMB Million） attributable （m2） 2 New Tier-1 8% (RMB/m ) （1） sales cities 18% Jiangxi Province 15,551 31% 1,128,690 13,778 Greater Bay Area 12,041 24% 854,583 14,090 Yangtze River Delta region 14,443 28% 798,848 18,080 Central & Western China and others 8,385 17% 577,982 14,508 Tier-2 Total 50,420 100.0% 3,360,103 15,006 Tier-3 and others 64% 10%

(1) New Tier-1 cities include Chengdu, Chongqing, Nanjing, Suzhou, Hangzhou, Wuhan, Qingdao, Hefei 7 Diversified Geographic Distribution and High-quality Land Bank

• As of 31 December 2020, 150 projects were distributed in 4 regions By attributable area • The attributable land reserve area was 15.21 million sq.m., sufficient for almost Central & 3 years’ development Western China and others • Tier-1 and Tier-2 cities accounted for 85.6% of the total attributable area Jiangxi 16% Province • Attributable saleable resources reaches 260 billion 31%

Jiangxi Province The Yangtze River Delta Number of Projects 61 region Attributable GFA (㎡) 4,672,898 Number of 35 Yangtze River Delta Projects region (The number of projects in 20% Nanchang City accounted for 23.5% Attributable 3,060,163 GFA (㎡) of the total number of projects in Greater Bay Jiangxi Province) Area 33%

Core cities in Central and Central The Attributable area by city tier Western China and other regions and with high growth potential Yangtze Tier-1 Western （1） 3% Tier-3 and River New Tier-1 cities Number of Projects 28 China others Delta 15% 14% Attributable GFA (㎡) 2,520,987 Jiangxi region Province

The Guangdong-Hong Kong-Macao Greater Bay Area The Guangdong- Tier-2 Number of Projects 26 Hong Kong-Macao 68% Attributable GFA (㎡) 4,959,353 Greater Bay Area

New Tier-1 cities include Chengdu, Chongqing, Nanjing, Suzhou, Hangzhou, Wuhan, Qingdao, Hefei 8 Newly Acquired Land Bank Diversified the City Layout

• A total of 35 new projects in 2020, with a total planned GFA of 5.76 million sq.m. and attributable ratio of 60%, among which tier-1 and tier-2 cities represented 78%. Equity investment accounted for about 40% of the sales return in 2020. • Increased saleable resources of RMB47.4 billion New land reserve area by region New land reserve area by city tier

New projects •35 Yangtze （1） River Delta New-Tier 1 region Cities Attributable 19% 6% Tier-3 and •RMB 1.57 billion Investment others 22% Greater Bay area Attributable •3.47 million m2 31% GFA Jiangxi Province Central & Tier-2 Average Land 2 43% •RMB 4,527 /m Western 72% Cost China and others 7%

Estimated average GFA Attributable GFA Attributable land cost Land cost/ Regions Projects saleable price (Thousand m2) (Thousand m2) (RMB’0,000) (RMB/m2) (RMB) Jiangxi Province 14 2,928 1,486 565,945 3,810 11,892

Greater Bay Area 3 1,235 1,086 311,051 2,858 13,754 Central and Western China 3 375 257 109,705 4,262 12,230 and other regions The Yangtze River 15 1,219 646 586,957 9,090 20,177 Delta region Total 35 5,756 3,474 1,573,658 4,527 14,039

(1) New Tier-1 cities include Chengdu, Chongqing, Nanjing, Suzhou, Hangzhou, Wuhan, Qingdao, Hefei 9 Persevere in Quality and All-around Services

• Won 60+ brand and product awards: 2020 is the year for the launch of SINIC4.0 products. At the same time.we launched the ‘‘Sinic’s 5S Healthy Residential District’’, a new healthy residential system driven by five standards, which will give owners and customers a new living experience through fresh craftsmanship, experience, guarantee, services, namely over 800 items of 5S residential district standards in five categories. • Project quality evaluation score(1) 83.4, representing an increase of 2.2 points year-on-year

The 2nd (2020) LAIAWARD Real Estate Landscape Award Gardener's Cup 2020 World Habitat Architecture Planning and Design Award Wuxi Sinic ·Emerald Bay (Excellence Award) Hefei·Sinic·Hongyang·Huyu Time-Double Gold Award for Architecture and Landscape Chengdu·Sinic·Xiyue——Double Gold Award for Architecture and Landscape Nanchang Sinic East Park-Comprehensive Gold Award 2019-2020 Meishang Award Finalists Nanchang·Hongdaxinli·Heyue Riverside-Comprehensive Gold Award Hefei Sinic·Hongyang Shiguang——Extreme Architectural Aesthetics (Excellence Award) Pingtan·Sinic·Dingxin·Golden Bay-Comprehensive Gold Award Pingtan Sinic·Dingxin Golden Bay——Extreme Architectural Aesthetics (Excellence Award) Chengdu·Sinic·Dongyuan-Comprehensive Gold Award Nanchang Sinic·Jiang Yue-Landscape Design Special (Excellence Award) Wuxi·Sinic·Emerald Bay-Comprehensive Gold Award Hefei·Sinic·East Park-Double Gold Award for Architecture and Interior Other Excellent Design Awards 2019-2020 6th CREADAWARD Real Estate Design Award Pingtan·Sinic·Dingxin Golden Bay Sales Office——APDC Design Award|Interior Space Pingtan·Sinic·Dingxin·Golden Bay-Residential Project, Interior Design (Excellence Award) Excellence Award Pingtan·Sinic·Dingxin·Yuehai Bay-Landscape Design (Excellence Award) Chengdu·Sinic·Dongyuan-2020 Kerui Top 30 Cost-Effective Products Evaluation Nanchang·Sinic·Shuitou Jinyao Mansion-Landscape Design (Excellence Award) Wuxi·Sinic·Emerald Bay——Top 30 Quality Works Evaluation in 2020 Nanchang·Sinic·Jiang Yue-Landscape Design (Excellence Award) Chengdu·Sinic·East Park——Chengdu Housing and Real Estate Association Product Innovation Benchmark Project

10 (1) Third-party project quality assessment agencies: Shanghai Zhenchen, Shanghai Pingda, Yangzhou Chenli Customer Satisfaction Ranking among Top Ten in the Industry

As of 2020, Sinic has conducted customer satisfaction surveys for 6 consecutive years, enabling customers to evaluate every key service touchpoint

Overall customer satisfaction has remained stably high: has maintained In 2020, Sinic Holdings’ customer satisfaction score was 89.9 basically the same in 2019 and 2020 points, and customer satisfaction continued to rise for 5 The industry ranking has remained at the forefront: has stayed top 10 in the industry for the three years from 2018 to 2020, reaching top 10% in the industry consecutive years. In 2020, Sinic's overall satisfaction ranks 8th Getting close to the benchmarks: Since 2018, the gap has been reduced to among the 110 companies in Saiwei industry database, and it has less than 5 percentage points maintained a continuously excellent customer reputation in the industry. • Property service satisfaction is 94.8, ranking 1st among 112 Changes in real estate companies in Saiwei database industry ranking 13/69 9/80 6/93 8/110 • Maintenance service satisfaction is 86.1, ranking 5th among Gap with 104 real estate companies in Saiwei database -7 -4 -2 -3 benchmark

92 93 89 90 Total tracking Sinic 74,777 89 89 85 86 valid customer sample Benchmark in 2020

Industry top 10% 82 86 90 90

2017 2018 2019 2020

(1) According to the 2020 survey results of the third-party research organization Saiwei Consulting 11 Well Recognized by the Capital Markets

• Included in the Hang Seng Composite Index after only 3 months of listing on February 22, 2020 • Included in the Southbound Trading under Shenzhen Connect on 9 March 2020

Award Date Awards Awarding agency Titanium Award 29 Dec 2020 The Asset Social Responsibility-Affordable Housing • Positive analyst coverage 2020 Galaxy International Annual Report Awards: International Galaxy Annual Investment bank / broker Rating Target price (HK$) 29 Dec 2020 "Annual Report-Graphic/Text-Silver Award" and Report Awards "Corporate Image-Silver Award" Equity research reports: Top 100 Research Centers 21 Dec 2020 Top 50 Newly Listed Companies CMBI Buy 4.95 in Hong Kong Stocks Best Investor Relations (Med-cap Enterprise) CCBI Buy 5.00 Best Investor Relations-Finance (Including Real Estate) 10 Dec 2020 Best Investor Relations-China IR Magazine BOCI Buy 5.14 Best Investor Relations Officer (Mid-cap Enterprise)-Ms. Venus Zhao Guotai Junan Buy 4.80 Best Listed Company in Greater China-Best IR Team 16 Nov 2020 Gelonghui Credit research reports and reviews: Award 2020 The 34th International ARC Annual Report Awards: International ARC Annual 24 Sep 2020 "Property Development: Residential" Category Bronze Report Awards BNP Paribas, Bank of China International, CMB International, Guotai Award-Chairman/Chairman's Report Junan, Standard Chartered, Barclays, Citi, Bofa. Four awards at the 6th Investor Relations Awards: Best Investor Relations Company (Newly Listed Company) 23 Sep 2020 Best Investor Conference HKIRA Best Investor Relations Officer-Ms. Zhao Hui Best Investor Relations Team-Ms. Venus Zhao and Ms. Olivia Zhao Best Investor Relations Innovation Award The 3rd China Excellent IR 13 Jan 2020 Best Leader Award-Ms. Venus Zhao Selection 2019 Golden Hong Kong Stocks Most Popular IPO Zhitong Finance, 9 Jan 2020 Companies by Investors Tonghuashun Finance

12 ESG – Commitment to Sustainable Development

Insisting on the strategy of deeper cultivation in cities and regions, consistently pursuing quality and services and service productization strategy. And continue to improve and improve the management of environmental, social and corporate governance matters, and promote the company's sustainable development process. Green Finance Green Promise Sustainalytics Second party opinion • Announced the Green, Socially Responsible, Sustainable • Built green standard chemical sites, standardize Development Finance Framework sewage discharge, dust and noise control of • Established a sustainable development financing working construction projects, and promote construction waste group to supervise project selection and ensure strong reduction and reuse monitoring and governance • Created a central park project in the Shanghai-Jiangsu • Successfully issued 250 million 364-day US dollars bonds, area to realize rainwater utilization which were subscribed by more than 110 institutional investors • Carried out the Sinic Jinyuan photovoltaic power from multiple countries and regions, and the senior notes were generation project in Qingyunpu District to achieve rated "B+" by the international rating agency Fitch (with a energy efficiency improvement and emission reduction "stable outlook") and rated BB- by Lianhe Ratings Global. • Cixi Dibo Bay and other projects implemented prefabricated construction to reduce on-site operations and material waste Commitment to sustainable development

• Fight the COVID-19 together, donated supplies to Wuhan anti- • Continue to improve ESG risk management and epidemic personnel to meet their daily needs internal control mechanisms • Supported disaster relief, carried out material disaster relief • Maintain communication with stakeholders and operations in Poyang, Duchang, and Pengze counties in Jiangxi promote materiality assessment Province, and promoted post-disaster reconstruction • Regular anti-fraud training is held to strengthen the • Industrial poverty alleviation, such as establishing a white lotus awareness of legal compliance industry support base to increase local white lotus production • Continue to optimize investor communication and sales. mechanisms and channels • Poverty alleviation through education, improve the learning ability of children in poverty-stricken areas; implement the college student scholarship program. • Social poverty alleviation and promotion of housing renovation Green, Socially Responsible, in old communities Sustainable Development Finance Framework Harmonious Society Responsible Management

13 3.Financial Performance

Guangzhou Haishizhouyue 14 Summary of Income Statement

(RMB million) 2020 2019 Change(%)

Revenue 28,069 26,985 +4.0%

Gross profit 6,860 7,999 -14.2%

Gross profit margin 24.4% 29.6% -5.2 ppt

Net profit 2,038 2,014 +1.2%

Net profit margin 7.3% 7.5% -0.2 ppt

Net profit attributable to owners of the parent 1,960 1,958 +0.1% Core net profit attributable to owners of the parent(1) 1,868 1,853 +0.8%

EBITDA(2) 7,467 8,296 -10.0%

EBITDA margin(3) 26.6% 30.7% -4.1 ppt

(1) Core net profit attributable to shareholders represents profit attributable to shareholders less changes in fair value of investment properties (net of tax) and changes in fair value of financial assets/liabilities (net of tax) (2) Earnings Before Interest,Taxes,Depreciation and Amortization (EBITDA) represent operating profit less fair value gains and losses of investment properties, fair value gains and 15 losses of financial assets or liabilities at fair value through current gains and losses, and interest income plus depreciation, amortization expenses and borrowing interest (3) EBITDA margin = EBITDA / Total income Steady Profit and Profit Margin

Revenue Recognized revenue from sale of properties RMB million RMBbillion 27,414 26,806 26,985 28,069 688 161 728 1,592 Parking

Commericals

8,389 Residential

8,416 156 25,053 1,376 25,998

6,857

2018 2019 2020 2018 2019 2020

Recognized GFA and ASP Recognised revenue from sale of properties (by region) Area: m2 / ASP: RMB

11,004 Yangtze River Central & Western China 2,699,724 and others, 9.5% 2,491,283 Delta region, 7.9% 7,493 9,929 Area Greater Bay 1,119,603 ASP Area, 15.0%

Jiangxi Province, 67.6%

2018 2019 2020

16 Profitability remains stable

Gross profit and gross profit margin EBITDA(2) and EBITDA margin(3) RMB million RMB million

9,000 37.3% 40.0%8,8748,8928,9108,9288,9468,9648,9829,000 40.0% 7,999 8,5688,5868,6048,6228,6408,6588,6768,6948,7128,7308,7488,7668,7848,8028,8208,8388,856 34.1% 8,2628,2808,2988,3168,3348,3528,3708,3888,4068,4248,4428,4608,4788,4968,5148,5328,550 8,296 7,467 7,9567,9747,9928,0108,0288,0468,0648,0828,1008,1188,1368,1548,1728,1908,2088,2268,244 30.7% 8,000 35.0%7,6507,6687,6867,7047,7227,7407,7587,7767,7947,8127,8307,8487,8667,8847,9027,9207,938 35.0% 29.6% 6,860 7,3447,3627,3807,3987,4167,4347,4527,4707,4887,5067,5247,5427,5607,5787,5967,6147,632 7,0387,0567,0747,0927,1107,1287,1467,1647,1827,2007,2187,2367,2547,2727,2907,3087,326 7,000 6,7326,7506,7686,7866,8046,8226,8406,8586,8766,8946,9126,9306,9486,9666,9847,0027,020 26.6% 30.0% 24.4% 30.0%6,4266,4446,4626,4806,4986,5166,5346,5526,5706,5886,6066,6246,6426,6606,6786,6966,714 6,1206,1386,1566,1746,1926,2106,2286,2466,2646,2826,3006,3186,3366,3546,3726,3906,408 6,000 5,8145,8325,8505,8685,8865,9045,9225,9405,9585,9765,9946,0126,0306,0486,0666,0846,102 25.0%5,5085,5265,5445,5625,5805,5985,6165,6345,6525,6705,6885,7065,7245,7425,7605,7785,796 25.0% 5,2025,2205,2385,2565,2745,2925,3105,3285,3465,3645,3825,4005,4185,4365,4545,4725,490 5,000 4,8964,9144,9324,9504,9684,9865,0045,0225,0405,0585,0765,0945,1125,1305,1485,1665,184 4,5904,6084,6264,6444,6624,6804,6984,7164,7344,7524,7704,7884,8064,8244,8424,8604,878 20.0%4,2844,3024,3204,3384,3564,3744,3924,4104,4284,4464,4644,4824,5004,5184,5364,5544,572 20.0% 3,9783,9964,0144,0324,0504,0684,0864,1044,1224,1404,1584,1764,1944,2124,2304,2484,266 4,000 3,143 3,6723,6903,7083,7263,7443,7623,7803,7983,8163,8343,8523,8703,8883,9063,9243,9423,960 2,867 3,3663,3843,4023,4203,4383,4563,4743,4923,5103,5283,5463,5643,5823,6003,6183,6363,654 15.0% 15.0%3,0603,0783,0963,1143,1323,1503,1683,1863,2043,2223,2403,2583,2763,2943,3123,3303,348 3,000 2,7542,7722,7902,8082,8262,8442,8622,8802,8982,9162,9342,9522,9702,9883,0063,0243,042 2,4482,4662,4842,5022,5202,5382,5562,5742,5922,6102,6282,6462,6642,6822,7002,7182,736 10.0%2,1422,1602,1782,1962,2142,2322,2502,2682,2862,3042,3222,3402,3582,3762,3942,4122,430 10.0% 2,000 1,8361,8541,8721,8901,9081,9261,9441,9621,9801,9982,0162,0342,0522,0702,0882,1062,124 1,5301,5481,5661,5841,6021,6201,6381,6561,6741,6921,7101,7281,7461,7641,7821,8001,818 1,2241,2421,2601,2781,2961,3141,3321,3501,3681,3861,4041,4221,4401,4581,4761,4941,512 1,000 5.0%1,0081,0261,0441,0621,0801,0981,1161,1341,1521,1701,1881,206918936954972990 5.0% 612630648666684702720738756774792810828846864882900 306324342360378396414432450468486504522540558576594 0 0.0% 10812614416218019821623425227028818365472900 0.0% 2018 2019 2020 2018 2019 2020

毛利润毛利率 EBITDA EBITDA margin

Net profit and net profit margin Core net profit and profit margin attributable to owners RMB million of the parent 2,4702,4752,4802,4852,4902,4952,500 7.5% 7.6% RMB million 8.0% 2,3752,3802,3852,3902,3952,4002,4052,4102,4152,4202,4252,4302,4352,4402,4452,4502,4552,4602,465 6.9% 2,2802,2852,2902,2952,3002,3052,3102,3152,3202,3252,3302,3352,3402,3452,3502,3552,3602,3652,370 7.3% 6.7% 2,1902,1952,2002,2052,2102,2152,2202,2252,2302,2352,2402,2452,2502,2552,2602,2652,2702,275 2,014 7.4% 2,0952,1002,1052,1102,1152,1202,1252,1302,1352,1402,1452,1502,1552,1602,1652,1702,1752,1802,185 7.0% 2,0002,0052,0102,0152,0202,0252,0302,0352,0402,0452,0502,0552,0602,0652,0702,0752,0802,0852,090 1,9051,9101,9151,9201,9251,9301,9351,9401,9451,9501,9551,9601,9651,9701,9751,9801,9851,9901,995 1,853 1,868 1,8101,8151,8201,8251,8301,8351,8401,8451,8501,8551,8601,8651,8701,8751,8801,8851,8901,8951,900 2,038 7.2% 6.0% 1,7151,7201,7251,7301,7351,7401,7451,7501,7551,7601,7651,7701,7751,7801,7851,7901,7951,8001,805 1,6201,6251,6301,6351,6401,6451,6501,6551,6601,6651,6701,6751,6801,6851,6901,6951,7001,7051,710 1,5251,5301,5351,5401,5451,5501,5551,5601,5651,5701,5751,5801,5851,5901,5951,6001,6051,6101,615 7.0% 1,4301,4351,4401,4451,4501,4551,4601,4651,4701,4751,4801,4851,4901,4951,5001,5051,5101,5151,520 3.8% 5.0% 1,3351,3401,3451,3501,3551,3601,3651,3701,3751,3801,3851,3901,3951,4001,4051,4101,4151,4201,425 1,2401,2451,2501,2551,2601,2651,2701,2751,2801,2851,2901,2951,3001,3051,3101,3151,3201,3251,330 6.6% 6.8% 1,1451,1501,1551,1601,1651,1701,1751,1801,1851,1901,1951,2001,2051,2101,2151,2201,2251,2301,235 4.0% 1,0501,0551,0601,0651,0701,0751,0801,0851,0901,0951,1001,1051,1101,1151,1201,1251,1301,1351,140 1,0001,0051,0101,0151,0201,0251,0301,0351,0401,045955960965970975980985990995 860865870875880885890895900905910915920925930935940945950 6.6% 317 3.0% 765770775780785790795800805810815820825830835840845850855 555 670675680685690695700705710715720725730735740745750755760 575580585590595600605610615620625630635640645650655660665 6.4% 480485490495500505510515520525530535540545550555560565570 2.0% 385390395400405410415420425430435440445450455460465470475 290295300305310315320325330335340345350355360365370375380 6.2% 195200205210215220225230235240245250255260265270275280285 1.0% 100105110115120125130135140145150155160165170175180185190 1015202530354045505560657075808590955 0 6.0% 0.0% 2018 2019 2020 2018 2019 2020 净利润净利率 Core net profit Core net profit margin attributable to owners of the parent

(1) CAGR represents the compound average growth rate of total operating income (2) Earnings Before Interest,Taxes,Depreciation and Amortization (EBITDA) represent operating profit less fair value gains and losses of investment properties, fair value gains 17 and losses of financial assets or liabilities at fair value through current gains and losses, and interest income plus depreciation, amortization expenses and borrowing interest (3) EBITDA margin = EBITDA / Total income Summary of Balance Sheet

(RMB million) 2020.12.31 2019.12.31 Change

Total assets 96,628 96,224 +0.4%

Cash and bank balances 17,535 16,599 +5.6%

Total debt 29,662 26,573 +11.6%

Net interest-bearing liabilities 12,127 9,974 +21.6%

Total equity 19,064 14,896 +28.0%

Equity attributable to owners of the parent 9,865 8,167 +20.8%

Net gearing ratio (1) 63.6% 67.0% -3.4 ppt

Current ratio (x) 1.2 1.2 -

(1) Net gearing ratio = (total debt - cash and bank balances) / total equity 18 Obviously Improved Financial Ratios

EBITDA(1) /Interest on borrowing Cash(2)/Short-term debt

3.8x 3.1x 1.4x 1.2x 2.4x 1.1x

2018.12.31 2019.12.31 2020.12.31 2018.12.31 2019.12.31 2020.12.31

Total debt/EBITDA(1) Total Income /Total debt 101.6% 7.7x 94.6%

4.0x 3.2x 38.1%

2018.12.31 2019.12.31 2020.12.31 2018.12.31 2019.12.31 2020.12.31

(1) Earnings Before Interest,Taxes,Depreciation and Amortization (EBITDA) represent operating profit less fair value gains and losses of investment properties, fair value gains and losses of financial assets or liabilities at fair value through current gains and losses, and interest income plus depreciation, amortization expenses and borrowing interest (2) Including cash and cash equivalents, restricted cash and secured deposits 19 Continuously Improving Financial Structure

Debt maturity Net gearing ratio Short-term debt RMB million 67.0% 11,645 14,095 5% 7% 7% 21% 25% RMB Corporate 57% Bonds 63.6% 34% Total debt 48% USD Senior Notes 29,662 30% 34% Trust and Asset 31% Management (2) Banks

2019.12.31 2020.12.31 <1y 1-2y 2-5y

Total borrowings by currency Secured vs unsecured Debt channel structure 29,662 RMB million RMB million 26,573 3% 16% 163 USD Senior Notes 5,637 0.6% 1,771 812 67 19.0% 6.7% 5,839 RMB Corporate 0.3% 4% 7% 3.0% 19.7% 36% Bonds 26% Trust and Asset Management 25,694 23,862 24,801 Banks (2) 96.7% 93.3% 80.4% 23,824 80.3% 57% 51%

2019.12.31 2020.12.31 2019.12.31 2020.12.31 2019.12.31 2020.12.31 港币 USD RMB Secured Unsecured

(1) Net gearing ratio = (total borrowings - cash and bank balances) / total equity (2) Including channel financing 20 Diversified Financing Channels

Diversified financial channels Diversified financial channels Four credit ratings

•Newly entered whitelist in 2020: Agricultural Bank of China, Postal Savings Bank of China, With excellent operation, stable financial position and good credit Huaxia Bank, Shanghai Pudong Development Bank prospects, the Group was well recognized by four major international •As of 31 December 2020, the company’s total credit facilities from financial institutions were rating agencies in 2020 RMB90.7 billion, including 72% of unused and undrawn credit facilities of RMB65.2 billion 907 Credit rating：B+（Stable） 739 Granted in June 2020

652 Unused 497 Used Credit rating：B2（Stable） 242 255 Granted in June 2020

2019.12.31 2020.12.31 •Bond issuance： •Onshore：RMB751 billion corporate bonds; debt repayment through refinancing •Offshore：US$990 million senior notes were publicly issued Credit rating：B（Stable） Size (100 Rating Granted in June 2020 Issue time Term (year) Issuance rate Rating agency Rating time million) results 2018.10 34 2+1 7.00% Lianhe Credit Rating AA+ 2020.06 RMB 2019.04 417 2+1 7.50% Lianhe Credit Rating AA+ 2020.06 2020.12 300 3+2 7.00% Lianhe Credit Rating AA+ 2020.12 Post- year end 2021.03 255 2+1 7.00% Lianhe Credit Rating AA+ 2021.03 Credit rating: AA+（Stable） 2020.03 280 364 days 11.75% - - - Granted in June 2020 US$ 2020.06 210 2 10.50% Fitch B+ 2020.06 2020.10 250 364 days 9.50% Fitch B+ 2020.10 Fitch/ Post- year end 2021.01 250 364 days 8.50% B+/BB- 2021.01 Lianhe Ratings Global ABS：1.18 billion ABS with interest rate of 6-7.5% Credit rating：BB-（Positive） Term Time Size (100 million) Issuance rate Rating agency Rating results Rating time Granted in October 2020 (year)

2020.07 4.9 1 6%/7% Lianhe Credit Rating AAA/AA+ 2020.07

2020.10 6.9 2 7%/7.5% Lianhe Credit Rating AAA/AA+ 2020.10

21 Financing costs continue to decrease

Continuous optimization of overseas financing costs, widely recognized by offshore investors

First issued USD senior notes Second issued USD senior in 364 days with a coupon rate notes in 364 days with a coupon 11.75% of 11.75%, which was rate of 9.5%, The book’s peak oversubscribed more than 1 was over US$1.5 billion, 10.50% billion U.S. dollars, get 4 times achieving close to 6 times over-subscription oversuscription 9.50% 8.50% March 2020 June 2020 October 2020 January 2021

First issued USD 210 million 2- First issued Green USD bonds China year senior notes with a coupon with a coupon of 8.50%. Orders Singapore Germany rate of 10.5%, with orders exceeded 2 billion U.S. dollars Switzerland ESG exceeded US$ 1.5 billion dollars and received over-subscription HK investors Israel Taiwan 42% and received 7 times over- of over 8 times. Other subscription Korea investors UK 58%

Onshore RMB corporate bonds keep in low costs and developed new Three red lines- Level Yellow financing channels ABS Current Whether it meets Change Index level the standard YoY Corporate Bond Coupon Rate 7% - 7.5% Net debt-to-equity ratio 63.6% √ -3.4ppt

Debt-to-asset ratio (excluding 73.2% X -2.8ppt ABS Coupon Rate 6% - 7.5% presales)

ü The average financing cost was 9.1%, down 0.1 percentage point Debt-to-cash ratio 1.2x √ - ü Onshore financing costs decreased by 50 basis points YoY to 8.7% ü Strive to achieve all three indicators green within one year ü Diversified financing channels ü The financing cost of new overseas borrowings decreased by 200 basis ü Lower financing costs points YoY to 10.5% ü Improve credit conditions

22 4.Future Development

Fuzhou Sinic-Yuerongshoufu 23 Future Development Strategy- deeper cultivation in cities and regions Ø Consolidate Jiangxi's market position and deepen the existing Yangtze River Delta area, Greater Bay area, Central and Western China core cities and other regions. Ø No longer simply pursuing business scale but placing equal importance on the quality of operation and economic efficiency, and further optimizing the Company’s land reserve structure through continuous optimization of investment methods and cooperation models. Investment priority work Diversified land acquisition methods Land acquisition Improve plate map and Establish customer sample Forming a standardized by consolidation industries investment map database system of products 20% Quarterly nationwide clean-up data Customer demand list, dig into Reverse Verification of “Product” ( provincial capitals, prefecture-level customer value sensitive points Value Based on “Land-Customer” cities, counties) Further get through the market Establish the calibration relationship cognition and judgment of the Standardizing product between the conclusion of city map investment-marketing line and form a recommendations and working and the assessment of project profit more effective circle system. together to enhance product Mergers and acquisitions Public margin. competitiveness 30% tender 50% Strict land acquisition standards Market safety Strict Standard Control 2:8 Principles Cash Flow First ü Project positioning, product allocation, customer ü Speed up the landing of standardized products and ü Location selection: 80% in the ü Priority projects which contribute selection with locality as the principle (project configurations, so as to synchronize polishing areas Yangtze River Delta, Greater Bay to the Group ’s cash flows centered on the range of 3-5 km) ü Standardization of operations, decision nodes of Area, 20% in other key cities ü Priority in fast-paced projects ü Jumping out of regional positioning, targeting pre-investment evaluation, cycle, localization and ü City selection: 80% in primary and upstream plate, and introducing external delivery secondary lines, 20% in third-tier customer groups should be fully demonstrated, ü Control of land cost and avoid high premium and and other cities such as clear spillover effects, outstanding high land price； ü Selection of product lines: 80% for attractiveness of urban planning and cash ü Tamping before investment to improve the first and second-time upgrader timetable (such as rail transit, school district value, convertibility of regional project management projects, 20% for first-time buyer etc.). indicators and top products ü Pay attention to the relationship between supply ü Strictly control the positioning, configurations and and demand, especially the competition between product selection before investment supply and demand during the listing period

24 Future Development Strategy- consistently pursuing quality and services

Ø Insist on the ‘‘craftsman’’ sentiment and spirit of Sinic’s products, polishing every project. Insist on ‘‘Sinic’s 5S Healthy Residential District’’ standards, adhere to the creation of a customer-oriented product and service system. While considering scale, cost, and speed, further improve product landing quality, customer service capabilities, and service innovation capabilities. Ø Insist on continuous hard work in products + services, do more and harder in the market. Persevere in focus, and become ingenuity, as always, polish every detail of the product with ingenuity, and stick to every promise to customers with the original intention Syndergies with property management business High-quality property management services enable us to gain wide market recognition and high customer satisfaction

Onsite and related services Co-marketing service Display and visitor Recommend potential buyers to management services developers

Pre-delivery service Preliminary planning Material preparation, staff and Design Consulting Dispatch and delivery, and Service inspection assistance Security, energy saving, fire safety, etc.

FG Consulting’s surveys on customer satisfaction 1 2018 2019 2020 High-quality service brings high level-of Many properties under management have been customer satisfaction, brand image and recognized by many city-level signature expansion capabilities 95.7% 92.7% 94.8% properties 桐乡濮园珠海翠湖香山桃花源 Ranked among all Chinese property management companies in the same period of investigation： ü Wuhan Jinyintan Hospital 1st 4th 1st ü Sinic Center ……

Note：1. The source of the information is the annual survey conducted by Beijing FG Consulting Co., Ltd. (a leading customer satisfaction survey and research company in China) 25 Future Development Strategy- consistently pursuing quality and services Insist on quality management- main projects

Jiangxi Province Greater Bay Area Yangtze River Delta Central, Western China Region and others Hangzhou-Cixijiangyuechaoqi

Nanchang-Heyuebinjiang Huizhou-Xinlihuayuan Changsha-Xinliboyuan

Located in the Binjiang area of Nanchang, the core area Located at the intersection of Shuikou Crown Road Located in Cixi Xionghushan Street, next to Xincheng Located at the intersection of Xiangjiang Middle of Nanchang in the future, it enjoys the river view of and Qinghu Road in Huicheng District, Huizhou City, Avenue, the main axis of the city, surrounded by Road and Yinjiachong Road, Tianxin District, Ganjiang River. Only about 200 meters away from the it has convenient transportation and close to the abundant educational resources; beside Wuyue Plaza, it Changsha City, 100 meters to the east, Guangsha Dongxin Station of Metro Line 4 and is located on the Third Ring East Road. It also has rich river view park enjoys about 700,000 square meters of bustling Road in the east, Gancheng Garden in the north, Yanjiang Express Road. 5 commercial parcels and high- resources., four Sceneries in two districts, such as commercial center; close to about 18,000 square Xiangjiang River in the west, Jiangwan Community quality medical resources an multiple schools nearby Wetland Municipal Park meters of municipal park GFA：About 280,00028 sq.m GFA： About 230,000 sq.m GFA： About 1.23 million sq.m GFA：About 220,000 sq.m Unit type: 115-159 sq.m Plot area：70,000 sq.m Plot area：550,000 sq.m Plot area：120,000 sq.m Land cost：About RMB 6,300 per sq.m ASP：RMB 14,500 per sq.m ASP：RMB 19,235 per sq.m ASP：RMB 20,000 per sq.m ASP: RMB 15,826 per sq.m

Nanchang-Xinlicheng Guangzhou-Zhouyue Suzhou-Yunyuboyuan Wuhan-Xinlicheng Located in the West African purchase-restricted Located in Xintang Town on the west extension of Located in the Taihu Lake National Tourism Located at the intersection of Nanjiao Road and section of Jiulong Lake, along Longxing Street, and the central axis of Zengcheng, Guangzhou. It is the Resort in Wuzhong, Suzhou, backed by Third Ring Road in Hongshan District. Convenient next to Metro Line 4 (under construction) Yufeng Street core of the Guangdong-Hong Kong-Macao Greater Qionglong Mountain and facing the vast Taihu transportation is the third ring road at the entrance, Station, the location is superior, the transportation is Bay Area and the hub of the eastern Guangzhou Lake, with a beautiful and pleasant environment. close to the double subway, and the surrounding convenient, and the supporting resources are transportation hub. It takes 30 minutes to the The project is close to Central West Line and education, commerce, and medical resources are surrounded. Enjoy 8 ideals and let life fall in love. Zhujiang New Town CBD and 30 minutes to the Metro Line 5, with convenient transportation. complete Guangzhou-Shenzhen International Airport. 武汉-新力城 GFA：About 750,000 sq.m GFA：About 185,000 sq.m GFA：About 490,000 sq.m Plot area：44,331 sq.m GFA：About 420,000 sq.m Plot area：About 90,000 sq.m Unit type：114-130 sq.m Unit type：90-141 sq.m High-rise bungalow ：93-138 sq.m Volume rate：1.5 ASP: RMB 20,211per sq.m ASP：RMB 17,782 per sq.m ASP： To be determined ASP：RMB 24,638 per sq.m 26 Future Development Strategy- Refine management strategy

Ø We are committed to further improving our management and development model through ‘‘Real Estate + Internet’’, to improve per capita efficiency, establish effective incentive mechanism and management mechanism. Ø Through the implementation of digital modules and setting higher industry management standards, with the efforts of refined management, further improve operating efficiency. Improved development "Real Estate + Internet" Digital Transformation Get more quality efficiency Overall Speed up the first projects In 2020, a total of three digital platforms was built-digital operation management opening cycle platform, core master data platform, Internet + procurement platform Company growth Virtuous In July 2020, the digital operation platform was launched to achieve the optimization cycle effect of promoting turnover, locking profits, fine management and control, to reduce costs and increase efficiency with three dimensions of comprehensive Increased profit margins budget management, business planning, Increase in profit Cash flow breakeven is and digital risk control. Increase in available funds accelerating Improved ability to acquire land and bid Peak funding reduction

Selling and Administrative In August 2020, Sinic signed a strategic cooperation agreement with Alibaba, and expenses rates dropped In August 2020, Sinic signed a tripartite launched the Internet procurement platform strategic cooperation agreement with (New Tesco) in November, which improved the SAP and Deloitte to jointly build a smart previous pain points such as difficulty in enterprise/project-level master data bidding, complicated warehousing, and long platform to realize the unification of core processes, and greatly improved efficiency, it basic data of companies, projects, was the first in the industry. Sinic will work with organizations, etc., and provide a solid Alibaba in the future to carry out foundation for company data 6.1% comprehensive cooperation in the digital standardization transformation of future communities, smart 5.5% parks, new retail, and real estate companies

2019 2020

27 Future Development Strategy- Refine management strategy n In 2021, the total attributable saleable value is expected to be RMB 85 billion, and the regional layout will be more diversified, among which tier-1 and tier-2 cities accounts for 93%.

Central, Western China Yangtze River and others New Tier-1 Delta Region 19% 23% 30% Tier-3 and Greater Bay others area 7% Nanchang-Bocui Zhongyang 22% Changsha-Yuehujun Tier-2 Jiangxi 70% Province 29%

30 Huizhou-Zhenyuan 43 Yangzhou-zhenyuan % %

70 57 % %

Hangzhou-Yuyingfengyuan Guangzhou-zhouyue New Old 1H 2H

28 Future Development Strategy

Prudent financial policies, More optimized financing management

Ø Actively optimize and broaden its financing channels: successfully issued three onshore USD bonds in 2020, and the coupon rate has been gradually reduced; Ø The four major rating agencies have successively given a “stable” or “positive” outlook to Sinic Holdings, continue to increase H-to-H cooperation with financial institution, and maintain an excellent credit image. Ø Further expand and deepen its cooperation with banks on the basis of the existing banking cooperation- obtained credit facilities from a number of financial institutions in 2020 and developed new financing channels asset-backed securities (“ABS”).

Insist on high standards of corporate governance and ESG governance

Ø Continue to enhance its market influence and brand competitiveness through high standards of corporate governance and ESG governance to safeguard the Group’s compliance and sustainable development, and to build an all-round lifestyle platform underpinned by a happy community. Ø The Company’s Green, Socially Responsible, Sustainable Development Finance Framework (the ‘‘Framework’’) reinforces Sinic’s commitment to sustainable development and aligns our financing strategy with global best practices in ESG bond issuance.

29 Appendix

Nanchang Hongda-Sinic: Heyuebingjiang 30 Shareholding Structure

Family Trust1 Employee Incentive Trust Public Investors 78.99% 4.20% 16.81%

Sinic Holdings (Group) Co., Ltd. (2103.HK) (Cayman Islands) 100% 100% Forest Resources Developments Li Yue Co., Ltd. Limited 100% 100% Li Yue (HK) Holdings Ltd. Icons Electronics Limited

Offshore Onshore 100.0% Sinic Management (China)

100.0%

Sinic Real Estate (China)

100% 100% 100% 100% 100% 100% Chengdu Guangzhou Huizhou Hunan Suzhou Jiangxi Sinic Sinic Sinic Lichuang Zaiyue Sinic Land2 (China) (China) (China) (China) (China) (China)

Source: Company Prospectus and Disclosure 1 The investment decision maker and property grantor of the Family Trust is Mr. Zhang Yuanlin (the chairman and Executive Director of the Company), and the beneficiaries of the Family Trust are Mr. Zhang and his family members 31 2 Shanghai Daichuang Industrial Co., Ltd., a wholly-owned subsidiary of Sinic Holdings, holds 20% of Jiangxi Sinic Land Stable Real Estate Market in Jiangxi Province Rooted in Jiangxi Province, where the economy is growing rapidly, the Company will continue to plant roots in local market and further strengthen its market position Real Estate Market Potential in Jiangxi Province(1) 2013-2020 GDP of Nanchang(2) Population of Nanchang City at the (3) ● Sound economy, population base and market development Unit: RMB 100 million End of the Period of 2013-2020 Unit: 10 thousand people 566 – In 2020, Jiangxi Province's GDP reached RMB 2.60 trillion, an increase of 3.6% over the 5,596 5,794 previous year, higher than the national level 5,275 560 5,003 – In recent years, the permanent population of Jiangxi Province has increased year by 554 year, and the trend of net population inflow has laid a good foundation for the development 4,355 of the real estate market 4,000 546 – The average price of commercial housing in Nanchang in 2020 was RMB 13,257 per square meter, and the transaction area was 4.52 million square meters 537 530 ● 2021 real estate market outlook:

– Integrated City Connections: The policies will continue to be optimized and the transportation construction will continue to play its role in Jiangxi. The investment in transportation construction will continue to operate at a high level; the effect of transportation upgrades will be further significant, and foreign exchanges will continue to deepen 2015 2016 2017 2018 2019 2020 2015 2016 2017 2018 2019 2020 – Nanchang Development Plan: The Jiangxi Provincial Government has launched the "Greater Nanchang Urban Development Plan", with the center of Nanchang city and Ganjiang District as the core, the urban construction has embarked on a rapid Average selling price in the main urban area of Nanchang in recent development track (4) – Policy Environment of Nanchang: Still adhere to the positioning of "Houses are for years habitation, not for speculation", and implement policies such as "Three restrictions in housing" to ensure the rigid demand of residents and maintain market stability. In April Unit: RMB/ M2 2020, Nanchang fully relaxed its household registration policy and became the first 13,257 provincial capital city with a “zero threshold” for household registration in China. This action will have a positive impact on the property market. 12,016

● SINIC's advantages in Jiangxi are second to none: 7,707 8,106 8,276 6,639 6,955 – Performance of Real Estate Enterprises in commercial housing transaction in 6,225 Nanchang: SINIC ranked first – As of December 31, 2020, the Company’s attributable land reserve in Jiangxi was 4.67 million square meters, accounting for 30.7% of the total land reserve, which was mainly located in core areas, such as Nanchang and Honggutan New District, where the location is superior, and the development potential is huge.

2013 2014 2015 2016 2017 2018 2019 2020

Sources: (1) Provided by Wind Information and Company; (2) National Bureau of Statistics; (3) National Bureau of Statistics; (4) National Bureau of Statistics 32 Huge Potential in the Greater Bay Area

Focusing on developing other areas with high economic growth, especially in the rapidly developing Greater Bay Area, which has a large amount of high-quality land resources The Greater Bay Area is included in the national strategy with prominent prospects(1)

● The Greater Bay Area plan is incorporated into the national strategy: Attributable GFA (thousand – At the “NPC & CPPCC Sessions” held in March 2017, the “Guangdong-Hong Kong- Guangzhou 233 Macao Greater Bay Area” was included in the State Council’s government work square meters) report, and was raised to the national strategic level ● The prospects of the Greater Bay Area are highly anticipated: Attributable GFA Qingyuan (thousand square 29 – The Guangdong-Hong Kong-Macao Greater Bay Area had a GDP of RMB 11.5 meters) trillion in 2020, accounting for 10% of the national GDP. It is positioned as a world- Attributable GFA class bay area in policy, but its per capita GDP is still significantly lower than that of Huizhou (thousand square 4,227 the world’s three major bay areas. In the future, the industrial innovation and meters) increasingly enhanced road network are expected to improve coordinated development and lead the rapid economic growth of the Guangdong-Hong Kong- Macao Greater Bay Area – Accelerating the coordinated development of the Greater Bay Area is expected to accelerate the population migration to the Greater Bay Area city circle and increase the number of permanent residents. At the same time, the Greater Bay Area's planning for education and scientific research is also expected to improve the Qingyuan population quality – In 2020, the transaction volume of commercial residential buildings in the Greater Guangzhou Bay Area was approximately RMB 1.36 trillion, a year-on-year increase of 18%. The transaction volume was approximately 60 million square meters, flat with that of last year, with an average price of approximately RMB 22,368 per square meter. – Huizhou is the only city in the Shenzhen-neighboring area with no restrictions Huizhou on purchases. In addition, when the Shenzhen-Huizhou intercity rail is completed in the future, Shenzhen-Huizhou will enter the "1 hour metropolitan circle" and be benefited from the spillover benefits of Shenzhen. Attributable GFA Shenzhen Shenzhen (thousand square 202 ● SINIC has seized land resources in the Greater Bay Area: Zhongshan meters) – As of December 31, 2020, the Company’s attributable land reserve in Greater Bay Area was 4.96 million square meters, accounting for 32.6% of the total Zhuhai land reserve; most of the projects are located in core and high-growth areas Attributable GFA such as Guangzhou, Shenzhen, and Huizhou, where the geographical Zhuhai (thousand square 180 locations are superior Attributable GFA meters) (2) – In 2020, The Company ranks fourth in Huizhou, with a market share of 3.7% Zhongshan (thousand square 88 meters)

Sources: (1) Provided by Wind Information and Company; (2) National Bureau of Statistics; (3) National Bureau of Statistics; (4) National Bureau of Statistics (5) Ranks of CRIC, CREIS and EH Consulting and some local media in 2019 33 Stable Development in Yangtze River Delta region

The Company has a large amount of high-quality land resources in the rapidly developing Yangtze River Delta region to support the sustainable long-term development in the future

● Strategic position of the Yangtze River Delta: Attributable GFA – As an important intersection of the "Belt and Road" and the Yangtze Nanjing (thousand square 136 River Economic Belt, the Yangtze River Delta region is at an meters) advantageous position of important international trade routes and occupies an important strategic position in the national modernization and all-round opening up – In 2019, the deliberation of the "Outline of the Integrated Regional Attributable GFA Development of the Yangtze River Delta" confirmed the national Suzhou (thousand 960 Attributable strategic position of the Yangtze River Delta square meters) Shanghai GFA (thousand 59 square meters) ● Real estate market outlook:

– In 2020, the transaction volume in the Yangtze River Delta region was RMB 1.67 trillion, a transaction volume of 8,119 million square meters, Attributable and an average price of RMB 20,609 per square meter. The transaction Hefei GFA (thousand 304 Nanjing volume increased by 7% year-on-year. square meters) – City size: The GDP of the Yangtze River Delta urban agglomeration in Hefei Shanghai 2020 reached RMB 20.5 trillion, accounting for 20.18% of the total of Suzhou Attributable China, a year-on-year increase of 6.55%, which was 4 percentage points Wuxi higher than the national growth rate. With a population of approximately Ningbo Ningbo GFA (thousand 157 227 million people, it is also among the world’s six largest urban Zhuji square meters) agglomerations Wenzhou – City connections: The Yangtze River Delta region is promoting Xuzhou transportation integration. There are more than 200 high-speed rail train Hangzhou Attributable routes passing through many cities, which shows the high degree of Attributable GFA Wenzhou GFA (thousand 100 connectivity between cities. In addition, the government service Xuzhou (thousand square 102 square meters) "Integrated Online Platform" is opened and the entire region will be meters) benefited from the integration of the neighboring cities – Policy environment: Implement the policy of stabilizing land prices and housing prices, and introduce policies to attract talents Attributable GFA Wuxi (thousand 502 ● SINIC has seized land resources in the Yangtze River square meters) Delta:

– The Company expanded to the Yangtze River Delta region in 2017. As Attributable GFA of December 31, 2020, the Company's attributable land reserve in this Hangzhou (thousand 114 Attributable region was 3.06 million square meters, accounting for 20.1%; most of square meters) Zhuji GFA (thousand 463 the projects are located in core cities such as Shanghai, Suzhou, square meters) Hangzhou, Wuxi, Nanjing, and Wenzhou City, where the locations are favorable

Source: (1) CRIC, 58 Anjuke Real Estate Research Institute and other market research reports 34

Sources: (1) Provided by Wind Information and Company; (2) National Bureau of Statistics; (3) National Bureau of Statistics; (4) National Bureau of Steady Improvement in the Central and Western Regions and Other Regions with High Growth Potential

After the outbreak of COVID-19, cities in the central and western regions recovered quickly, with average selling prices increasing significantly year-on-year Attributable GFA Wuhan (thousand square 727 ● Strategic status of cities in the central and western regions: meters) – Wuhan: The only sub-provincial city in the six central provinces, a megacity in the central region, and one of the nine central cities approved by the State Council. In 2018, the State explicitly required to lead the development of urban agglomerations in the middle reaches of the Yangtze River with Wuhan as the center. – Changsha: The capital of Hunan provincial, an important central city in the middle Attributable GFA reaches of the Yangtze River, a pilot zone of comprehensive supporting reform of "building environment-friendly and resource-efficient society” across the country, and a Chengdu (thousand square 352 national comprehensive transportation hub. meters) – Chengdu: The capital of Sichuan Province, a sub-provincial city, a megacity, a core city in the Chengdu metropolitan area, an important central city in western China approved by the State Council, an important national high-tech industrial base, a commercial logistics center and a comprehensive transportation hub. ● Real estate market outlook:

– Wuhan: In 2020, Wuhan suffered a decline in the first quarter due to the outbreak of COVID-19, and rebounded rapidly in the later period of the outbreak. As of December 31, 2020, the transaction volume of Wuhan was 1.7 million square meters, and the average Chengdu price was RMB 14,819 per square meter with an increase of 15.4% year-on-year. – Changsha: In 2020, the transaction volume of Changsha was 1.3 million square meters, Wuhan and the average transaction price was RMB 9,789 per square meter, with an increase of 14.4% year-on-year. – Chengdu: In 2020 the transaction volume of Chengdu was 2.4 million square meters, and the average transaction price was 13,797 per square meter, with an increase of 14.2% year-on-year. Changsha Fuzhou ● SINIC has seized land resources in the Midwest:

– As of December 31, 2020, the Company's attributable land reserve was 2.52 million square meters, accounting for 16.6%; most of the projects are located in core cities such as Changsha, Wuhan, and Chengdu, with superior geographical locations. In addition, the Company also developed other regions with high growth potential such as Shandong and Fuzhou. Shandong as one of the provinces with the largest population, Attributable GFA volume and price there have been stable. It is a typical close market. Changsha 579 (thousand square meters) Attributable GFA Fuzhou (thousand square 233 meters)

Sources: CRIC, 58 Anjuke and other market research reports 35 New Land Reserve in 2020

Attributable planned GFA (Thousand Projects Equity interest Planned GFA(Thousand sq.m) sq.m) Greater Bay Area 88% 1,235 1,086 203 mu, Xuetangpai, Huizhou City 80% 530 424 242 mu, Lin Village, Fang Village, Huizhou City 100% 490 490 127 mu, Zhongkai District, Huizhou City 80% 215 172 Central, Western China and others 69% 375 257 Yuerongshoufu, Changle District, Fuzhou City 100% 140 140 51.5 mu, Beihai Road, Fangzi District, Weifang City 48% 86 42 Dawangling Project, Furong District, Changsha City 51% 149 76 Jiangxi Province 51% 2,928 1,486 Nancheng Yujing Wan, Fuzhou City 100% 139 139 100.84 mu, Chongren County, Fuzhou City 43% 161 70 115.36 mu, Tourist Highway, Jinxi County, FuzhouCity 50% 159 79 Dongyuan, Ganzhou City 100% 159 159 25 mu, Taihe County, Jian City 100% 38 38 Project of 231 mu, Leping City 45% 275 124 Phase 1 of Changhuyignyue, Jixian County, Nanchang city 52% 142 73

70 mu, east of Fengling Road, Qinglan New District, Jinxian County, Nanchang City 52% 84 43

258 mu, Jiulong Lake, Nanchang City 18% 874 157 98.75 mu, Yingbin Avenue, Nanchang County, Nanchang City 50% 175 87 238 mu, Wangcheng Town, Xinjian District, Nanchang City 52% 373 192 73 mu, Xinjian District, Nanchang City 100% 115 115 92 mu, Xinjian District, Nanchang City 100% 183 183 40mu, Zhangshu, Yichun City 50% 52 26 Yangtze River Delta Region 53% 1,219 646 183mu, South of Cixi, Ningbo City 40% 147 59 Project of 70 mu, Haimen, Nantong City 25% 64 16 Project of 40 mu, Pingyao, Yuhang District, Hangzhou City 100% 37 37 Project of 84 mu, Pingyao, Yuhang District, Hangzhou City 100% 77 77 Jianghusiji, Suzhou City 50% 137 69 70.95 mu, Guanting, Beishan Road, Songyang County, Lishui City 25% 79 20 Duhuichengpin, Nanjing City 33% 263 87 50 mu, Yuyao City 100% 59 59 20 mu, Tangxia Town, Ruian City 51% 39 20 55 mu, Hailing District, Taizhou City 100% 50 50 Land parcel B5 of 32 mu, South of Taihu Avenue, Xinzhuang, Yixing, Wuxi City 50% 38 19 Land parcel B5 of 37 mu, South of Taihu Avenue, Xinzhuang, Yixing, Wuxi City 50% 49 25 Land parcel B5 of 59 mu, South of Taihu Avenue, Xinzhuang, Yixing, Wuxi City 50% 58 29 Haiyangguan East Road, Gulou District, Xuzhou City 50% 80 40 Puyuan, Yangzhou City 100% 40 40 Total 60% 5,756 3,474

36 Thank You! Q&A

Contact: [email protected]