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China Overseas Land & Investment Ltd. (hereinafter referred to as “China Overseas”, stock code: 0688.HK) becomes a constituent stock of the Hang Seng Index on 10 December, 2007. China Overseas is also a constituent stock of Hang Seng China-Affiliated Corporations Index, Hang Seng Mainland Composite Index, Hang Seng Composite Index, Hang Seng Properties Sub-Index, Hang Seng Properties & Construction Index and Hong Kong Hang Seng Index. It turns to a new page for China Overseas.

The selection criteria of Hang Seng Index constituent stocks is very stringent, with relatively high requirements on total market value and turnover ranking of the selected company, its financial performance and its influence and position in the industry.  Therefore, the inclusion of China Overseas in Hang Seng Index not only demonstrates the recognition of the Company by international and regional investors but also proves the strength and image of the Company.

Historically, China Overseas has been focusing on its core businesses. Through its intensive efforts, the Company has been repeatedly making achievements in the Hong Kong and China market.

Following the financial crisis in Asia, China Overseas assessed the situation and grasped the opportunity to recover from the adversities. The Company has strategically shifted its investment focus to Mainland China. It has endured the difficult times and kept itself ready for meeting future challenges. The Company has subsequently engaged itself in the highly dynamic property market in Mainland China and captured the opportunity of fast economic growth in China as well as creating the famous brand of “China Overseas Property”. Its property business has achieved cross-regional operation and large-scale development within a short time and completed the nationwide strategic layout with Zhujiang River Delta, Yangtze River Delta, Bohai Rim, Hong Kong and Macau as the core. The Company’s management and control system, governance standard and operations have changed completely with remarkable results. From 2001 to 2006, China Overseas achieved a compound growth of 41.5% in profits and successfully realized its reconstruction. In July 2005, China Overseas restructured its construction business which was spun off for listing in Hong Kong in the name of China State Construction International Holdings Limited (stock code: 3311.HK), enhancing its strategic focus on the property business.

The outstanding performance of China Overseas has been recognized by the market and chased by investors. The Company’s share price rose as high as HK$21 with a market value of exceeding HK$160 billion. Accumulating dual development experience in the Mainland, Hong Kong and Macau, the Company has enjoyed a compound competitive edge and has become a weathervane and leading stock of the China property concept in the international capital market. At present, the Company has a land bank of more than 20 million square metres in 21 economically active cities, including Beijing, Shanghai, Guangzhou, Shenzhen, Chengdu, Changchun, Xian, Nanjing, Suzhou, Zhongshan, Foshan, Ningbo, Chongqing, Hangzhou, Qingdao, Zhuhai, Dalian, Shenyang, Tianjin, Hong Kong and Macau with planned total investment of exceeding HK$100 billion, which can meet the development need for the next four to five years.

Positioned as the only Chinese-funded company amongst Hang Seng Index constituent stocks in the perfect competition industry without any monopoly industry background and resources, China Overseas has complied with market rules: starting from scratch, operating in a standardized way, competing fairly and striving for achieving excellence so as to rapidly expand the property business. This has enabled “China Overseas Property” to achieve healthy and fast growth, starting a new chapter in state-owned asset value preservation and addition. With its inclusion into Hang Seng Index as the benchmark, China Overseas has embarked on a new phase of development targeting for more promising advancements.

Looking ahead, by taking advantage of its inclusion in Hang Seng Index as a turning point, China Overseas will continue to implement the concept of “Sustainability, Value-adding, Harmony and Win-win” to actively grasp market opportunities. Besides, it will continue to improve the management process, human resources, operation model and product structure, increase its core competitiveness, maintain and consolidate its market position as a leading China property concept stock in the international capital market. Meanwhile, it will continue to offer satisfactory returns to investors and the market with a view to achieving multi-level, establishing harmony and win-win among the Company and shareholders, owners, partners, staff and the community.