China Overseas Land & Investment : Announcements and Notices - Appointment of Executive Director

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(incorporated in Hong Kong with limited liability)

(Stock Code: 688)

APPOINTMENT OF EXECUTIVE DIRECTOR

The board of directors (the "Board") of China Overseas Land & Investment Limited (the "Company") is pleased to announce that Mr. Guo Guanghui ("Mr. Guo") has been appointed as the executive director of the Company effective from 12 June 2018.

Mr. Guo, aged 45, graduated from Nanjing University of Science & Technology, holder of a master's degree, and is a senior accountant and a non-practising member of The Chinese Institute of Certified Public Accountants. He joined the Company and its subsidiaries in 2006 and is currently the Vice President of the Company. Mr. Guo has about 23 years' management experience in corporate finance and accounting.

Save as disclosed herein, Mr. Guo has not held any directorship in any other listed companies in the past three years and does not have any relationship with any directors, senior management or substantial or controlling shareholders (as defined in the Rules Governing the Listing of Securities on The Stock Exchange of Hong Kong Limited (the "Listing Rules")) of the Company.

As at the date of this announcement, Mr. Guo has personal interests in 150,000 shares of China State Construction Engineering Corporation Limited (an associated corporation of the Company within the meaning of Part XV of the Securities and Futures Ordinance ("SFO")). Save as disclosed above, Mr. Guo does not have, and is not deemed to have, any interest in the shares of the Company within the meaning of Part XV of the SFO.

There is currently no service contract signed between the Company and Mr. Guo for services as director. However, Mr. Guo has entered into employment contract and a letter of appointment as director with the Company. Mr. Guo is not appointed for a specific term of office. He will be subject to retirement by rotation and re-election at annual general meetings of the Company in accordance with the New Articles of Association of the Company. Mr. Guo will hold office until the conclusion of the next following annual general meeting of the Company and will then be eligible for re-election.

As at the date of this announcement, Mr. Guo will be entitled to receive a fixed annual emolument of approximately HK$2,100,000 and discretionary bonuses pegged to performance. His emolument will be determined by the Board with reference to the Company's standards for emoluments, his job responsibilities, the prevailing market conditions and the Company operating performance and profitability.

Save as disclosed herein, there is no matter relating to the appointment of Mr. Guo that needs to be brought to the attention of the shareholders of the Company, nor is there any information requiring to be disclosed pursuant to Rule 13.51(2)(h) to (v) of the Listing Rules.

By Order of the Board

China Overseas Land & Investment Limited

Yan Jianguo

Chairman and Chief Executive Officer

Hong Kong, 12 June 2018

As at the date of this announcement, Mr. Yan Jianguo (Chairman and Chief Executive Officer), Mr. Luo Liang and Mr. Guo Guanghui are the executive directors; Mr. Chang Ying is the non-executive director; and Mr. Lam Kwong Siu, Dr. Fan Hsu Lai Tai, Rita and Mr. Li Man Bun, Brian David are the independent non-executive directors of the Company.