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

(Hong Kong, 4 November 2022) China Overseas Grand Oceans Group Limited (the “Company”; Stock Code: 0081.HK) announced that, for October 2022, the property contracted sales of the Company and its subsidiaries (the “Group”) amounted to RMB3.317 billion and the contracted gross floor area (“GFA”) reached 296,200 square meters, with a year-on-year decrease of 17.2% and 20.9% respectively.

From January to October 2022, the total property contracted sales amounted to RMB32.815 billion and the total contracted GFA reached 3.10 million square meters, with a year-on-year decrease of 45.3% and 35.2% respectively.

As at the end of October 2022, the property subscription sales amounted to RMB1.414 billion and the subscription GFA reached 109,500 square meters.

In October 2022, the Group acquired one new project in Hefei, Anhui Province with an attributable GFA of 177,812.52 square meters and the total attributable land cost was RMB1.157 billion.

From 1 January to 31 October 2022, the Group newly acquired a total attributable GFA of 1.937 million square meters with the total attributable land cost of RMB8.262 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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