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China Overseas Grand Oceans Group Limited Announces Property Sales Results for March 2022 Author: China Overseas Grand Oceans Group Ltd.

(Hong Kong, 8 April 2022) China Overseas Grand Oceans Group Limited (the “Company”; Stock Code: 0081.HK) announced that, for March 2022, the property contracted sales of the Company and its subsidiaries (the “Group”) amounted to RMB3.303 billion and the contracted gross floor area (“GFA”) reached 318,300 square meters, with a year-on-year decrease of 53.7% and 40.8% respectively.

From January to March 2022, the total property contracted sales amounted to RMB9.158 billion and the total contracted GFA reached 852,500 square meters, with a year-on-year decrease of 41.0% and 26.5% respectively.

As at the end of March 2022, the property subscription sales amounted to RMB0.84 billion and the subscription GFA reached 62,400 square meters.

In March 2022, the Group acquired one new project in Shantou, Guangdong Province with an attributable GFA of 286,809 square meters and the total attributable land cost was RMB1.024 billion.

Note: In view of the uncertainties involved in investment and sales process, discrepancies may exist between the above figures and those disclosed in our regular reports. As such, the above is for reference only.

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