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China Overseas Land and Investment Limited Launches Second Phase Employee Share Option Scheme Author:China Overseas Land and Investment Ltd.

(Hong Kong, 24 November 2020) China Overseas Land and Investment Ltd. (“COLI” or the “Group”, stock code: 00688.HK) announces that following the first phase of a share option scheme on 29 June, 2018 where the company granted 107 million share options to 404 middle and senior management, the Company is launching the second phase of the share option scheme on 24 November, 2020, granting 285.84 million share options to approximately 1,131 middle and senior employees.

The Company has always been committed to creating value for shareholders. The share option scheme integrates the interests of the Company’s management with that of shareholders, and motivates core staff to be innovative, which is conducive to the stable development of the Company’s medium to long-term performance and to embody shareholders’ value.

The Group is listed as a pilot state-owned organization for the “Professional Manager” system in 2018, where the senior executives all signed a professional manager agreement pledging their commitment to effectively enhance the ethos of career community professionalism in middle to senior management

From January to October 2020, the Company achieved sales of RMB286.1 billion, ranking sixth in the sales ranking of CRIC, a real estate big data application service provider, with a year-on-year increase of 5.7%; the amount of attributable land investment from January to October was RMB108 billion, with an increase of 23.0% year-on-year. COLI has always adhered to a prudent financial strategy, maintaining a reasonable debt ratio and sufficient cash, without touching any of the “three red lines”.

In 2020, COLI was rated “low risk” in its environmental, social and governance (ESG) impact by Sustainalytics, a leading independent global provider of ESG ratings. COLI risk score was significantly reduced from 20 (medium risk) to 17 (low risk), the lowest risk score among mainland developers and ranked 3rd among 234 Real Estate Development companies globally.

In the backdrop of accelerating market consolidation and increasing industry concentration, COLI will continue its corporate vision “to be an Exceptional Global Property Development Corporation” and insist on being a company of “Four Excellences”, which are “good products, good service, good effectiveness, good citizenship”, to go beyond cycles, and come out a winner in a new round of Better and Faster Development.

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