Hopson Development : UNAUDITED OPERATING STATISTICS FOR THE EIGHT MONTHS ENDED 31 AUGUST 2020

The 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 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 Bermuda with limited liability)

(Stock Code: 754)

website: http://www.irasia.com/listco/hk/hopson

UNAUDITED OPERATING STATISTICS

FOR THE EIGHT MONTHS ENDED 31 AUGUST 2020

The board of directors of Hopson Development Holdings Limited (the ''Company'', together with its subsidiaries, the ''Group'') (the ''Board'') hereby announces that the Group's gross contracted sales in aggregate for the eight months ended 31 August 2020 amounted to approximately RMB18,586 million, representing an increase of 27.1% as compared to approximately RMB14,621 million in the same period of 2019. Amongst which, property contracted sales amounted to approximately RMB17,872 million, representing an increase of 24.7%, compared to approximately RMB14,329 million in the same period in 2019; decoration contracted sales amounted to approximately RMB714 million, representing an increase of 144.5%, compared to approximately RMB292 million in the same period in 2019. For the eight months ended 31 August 2020, the Group recorded property contracted sales of approximately 1,056,695 square metres in gross floor area and an average property selling price of RMB16,913 per square metre, representing an increase of 19.6%, compared to the average selling price of RMB14,145 per square metre in the same period in 2019. In August, the Group recorded a single month's net gross contracted sales of approximately RMB3,063 million, among which, a single month's property contracted sales amounted to approximately RMB2,949 million, while a single month's decoration contracted sales amounted to approximately RMB114 million.

In light of the various uncertainties that may occur during the sales process, there may be variations between the above mentioned sales figures and the final figures disclosed in the Company's periodical sales reports. As such, the statistics contained in this announcement are approximate figures for reference only. The operating statistics contained in this announcement have not been audited. Detailed financial information will be disclosed in the annual report of the Company for the year ending 31 December 2020. Shareholders and potential investors of the Company are advised to exercise caution when dealing in the securities of the Company.

By order of the Board

Hopson Development Holdings Limited

Chu Kut Yung

Chairman

Hong Kong, 11 September 2020

As at the Announcement Date, the Board comprises eight Directors. The executive Directors are Ms. Chu Kut Yung (Chairman), Mr. Xi Ronggui (Chief Executive Officer), Mr. Au Wai Kin, Mr. Xie Bao Xin and Mr. Bao Wenge; and the independent non-executive Directors are Mr. Lee Tsung Hei, David, Mr. Tan Leng Cheng, Aaron and Mr. Ching Yu Lung.

• For identification purpose only