China Resources Land : VOLUNTARY ANNOUNCEMENT-LAND ACQUISITION UPDATE FOR THE MONTH ENDED 31 AUGUST 2020

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(Incorporated in the Cayman Islands with limited liability)

(Stock code: 1109)

VOLUNTARY ANNOUNCEMENT

LAND ACQUISITION UPDATE

FOR THE MONTH ENDED 31 AUGUST 2020

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 month ended 31 August 2020 (the "Land Acquisition Update").

In August 2020, the Group acquired 6 land parcels in Changsha, Chongqing, Xiamen, Guangzhou and Haikou with total gross floor area ("GFA") of approximately 1,318,943 square meters. The attributable land premium payable by the Group of the land acquisition amounted to approximately RMB12.19 billion.

Details of the Group's land acquisitions in August 2020 are set out in below table for reference:

																Total			Attributable			Land			Attributable
													Interest									Land
	No.			Month			City			Project Name					GFA			GFA			Premium
									(%)									Premium
															(sqm)			(sqm)			(RMB mn)
																						(RMB mn)
1			Aug		Changsha		Yuelu District Lianshan	100%		161,977		161,977		1,215		1,215
				Road Residential Project
										Jiulongpo District
2			Aug		Chongqing		Dayangshi Residential	100%		174,914		174,914		1,930		1,930
										Project
										Xiang'an District No.2
3			Aug		Xiamen		Binhai East Avenue	100%		113,600		113,600		2,685		2,685
				Commercial and Residential
										Project
4			Aug		Guangzhou		Zengcheng District Xintang	60%		599,346		359,608		4,124		3,970
				Lijiao Residential Project
										Longhua District Pobo
5			Aug		Haikou		Poxiang Area Residential	100%		73,037		73,037		820		820
										Project
										Qiongshan District
6			Aug		Haikou		Binjiangxincheng Phase II	100%		196,069		196,069		1,570		1,570
				Commercial and Residential
										Project

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-yearlybasis. 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

China Resources Land Limited

LI Xin

President

PRC, 11 September 2020

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