China Overseas Grand Oceans : UNAUDITED OPERATING STATISTICS FOR FEBRUARY 2020

Hong Kong 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 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 Hong Kong with limited liability)

(Stock Code: 81)

UNAUDITED OPERATING STATISTICS FOR FEBRUARY 2020

The board of directors (the "Board") of China Overseas Grand Oceans Group Limited (the "Company") is pleased to announce certain unaudited operating statistics of the Company and its subsidiaries (the "Group") and its associates and joint ventures (collectively, the "China Overseas Grand Oceans Series of Companies") as follows:

For February 2020, the property contracted sales of the China Overseas Grand Oceans Series of Companies amounted to RMB1,150,000,000 and the contracted GFA reached 75,700 square meters. From January to February 2020, the total property contracted sales amounted to RMB3,975,000,000 and the total contracted GFA reached 348,300 square meters. As at the end of February 2020, the property subscription sales amounted to RMB888,000,000 and the subscription GFA reached 74,000 square meters.

In February 2020, the Group acquired one new project in Zibo, Shandong Province with an attributable GFA of 161,241.00 square meters and the total attributable land cost was RMB241,100,000. Details of the new projects acquired during the period from 1 January to 29 February 2020 are set out in the following:

				Attributable	Land Area	Total GFA	Attributable	Attributable
No.	Date	City	Name of Project	Land Cost
Interest	(m2)	(m2)	GFA (m2)
								(RMB mn)
1	16/01/2020	Taizhou	Hailing District Project	100%	99,056.00	225,857.00	225,857.00	1,065.00
2	17/02/2020	Zibo	Wenchanghu District Project	100%	77,374.00	161,241.00	161,241.00	241.10
				Total：	176,430.00	387,098.00	387,098.00	1,306.10

The above-mentioned operating data is unaudited and is based on preliminary internal information of the Group, which may differ from figures to be disclosed in the audited or unaudited consolidated financial statements to be published by the Company on an annual or half-yearly basis due to various uncertainties during the process of collating such operating information. As such, the above data is provided for investors' reference only. Shareholders and investors are advised to exercise caution and not to place undue reliance on such information when dealing in the securities of the Company. When in doubt, shareholders and investors are advised to seek professional advice from professional or financial advisers.

For and on behalf of

CHINA OVERSEAS GRAND OCEANS

GROUP LIMITED

Zhuang Yong

Chairman and Executive Director

Hong Kong, 5 March 2020

As at the date of this announcement, the Board comprises eight directors, of which three are executive directors, namely Mr. Zhuang Yong, Mr. Yang Lin and Mr. Paul Wang Man Kwan; two non-executive directors, namely Mr. Yan Jianguo and Mr. Billy Yung Kwok Kee, and three independent non-executive directors, namely Dr. Timpson Chung Shui Ming, Mr. Jeffrey Lam Kin Fung and Mr. Dantes Lo Yiu Ching.

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