China Overseas Grand Oceans : UNAUDITED OPERATING STATISTICS FOR JANUARY 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 JANUARY 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 January 2020, the property contracted sales of the China Overseas Grand Oceans Series of Companies amounted to RMB2,825,000,000 and the contracted GFA reached 272,600 square meters. As at the end of January 2020, the property subscription sales amounted to RMB745,000,000 and the subscription GFA reached 54,200 square meters.

In January 2020, the Group acquired one new project in Taizhou, Jiangsu Province with an attributable GFA of 225,857.00 square meters and the total attributable land cost was RMB1,065,000,000. Details of the new project acquired during the period from 1 January to 31 January 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
				Total：	99,056.00	225,857.00	225,857.00	1,065.00

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

Yan Jianguo

Chairman and Non-Executive Director

Hong Kong, 6 February 2020

As at the date of this announcement, the Board comprises eight directors, of which three are executive directors, namely Mr. Zhang Guiqing, Mr. Paul Wang Man Kwan and Mr. Yang Lin; 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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