About China Overseas Building Construction Limited

China Overseas Land & Investment Limited (referred to as “the Company”) is a member of China State Construction Engineering Corporation. The Company was founded in Hong Kong in 1979 and listed on the Hong Kong Stock Exchange in 1992 (Stock code: 00688.HK, “COLI”). The Company was selected as one of the Hang Seng Index Constituents in 2007. The Company has 42 years of property development and commercial property management operation experience, developing business in Hong Kong, Macau and 80 cities in Mainland, as well as in countries such as the US, the UK, Australia and Singapore. In 2020, the Company’s total assets reached RMB823.6 billion; net assets amounted to RMB328.4 billion and contracted property sales were RMB360.72 billion; net profit amounted to RMB43.9 billion, upholding its profitability at an industry-leading level. The Company was awarded “China Blue Chip Real Estate Developer” for 18 consecutive years and “Leading Brand of China Real Estate Company” for 17 consecutive years, also being recognized as a constituent stock of Hang Seng Corporate Sustainability Index for 11 years in a row. In July 2020, the Company was included in the newly established Hang Seng ESG50 Index. During the year, the brand value of COLI reached RMB121.6 billion, ranking first in the real estate industry. The credit ratings of the Company assigned by the three major international rating agencies were: A- (Fitch), Baa1 (Moody’s), and BBB+ (Standard & Poor’s). The Company maintained the highest credit rating in the industry. As the largest office developer and operator in mainland China, the Company is capable of leading the industry in design, development, construction and operation. Hua Yi Design, a wholly-owned subsidiary of the Company, ranked as one of the top 100 design institutes in China. Another subsidiary, China State Grand Wealth Investment Limited (中建宏達), has obtained the special-grade qualification as main contractor for construction of housing projects. Throughout over 40 years of development, the Company has established three major businesses — “Residential Development”, “Urban Services” and “Design Services”. “Residential Development” Back in the early 1980s, the Company entered the residential development business in Hong Kong and was a pioneer as well as a leader in the real estate industry in China. For over 40 years, the Company has developed and launched five generations of exquisite residences and has accumulated more than 1,700 development projects in the Mainland, Hong Kong, Macau, New York, Sydney and Singapore. The completed development and construction area has exceeded 200 million sq m. The Company’s projects have accumulated 58 “Tien-yow Jeme Civil Engineering Prize – Outstanding Residential Community Awards” (35 gold awards, 23 individual awards), 8 “China Construction Engineering Luban Prize” and 18 International Property Awards. In order to cater for the demands of customer groups in the new era, the Company hinges on green product, intellectualization and industrialization to optimize the quality of the products. In close partnership with technological companies including Huawei, the Company maintained its leading position in the development and application of smart community and smart home, building the world’s first 5G community, Zhen Ru Mansion, in Shanghai; the Company participated in compiling several national construction standards such as “Smart Community Construction Code” and “Smart Building Design Standard”. In line with the development trend of pre-fabricated buildings and residential industrialization, the Company actively promotes the practice of pre-fabricated residential construction and residential industrialization. Together with China State Hailong Construction Technology Co., Ltd, also known as “National Housing Industrialization Base” and “National High-tech Enterprise”, the Company develops and constructs over one million sq m of pre-fabricated residential projects in Hong Kong, Macau and the Mainland.