China Overseas Land & Investment : Announcements and Notices - Inside Information - Property Sales Update (for the Five Months Ended 31 May 2018)

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(incorporated in Hong Kong with limited liability)

(Stock Code: 688)

INSIDE INFORMATION

PROPERTY SALES UPDATE

FOR THE FIVE MONTHS ENDED 31 MAY 2018

This announcement is made by China Overseas Land & Investment Limited (the "Company")

pursuant to the Inside Information Provisions under Part XIVA of the Securities and Futures Ordinance (Cap. 571 of the Laws of Hong Kong) and Rule 13.09(2)(a) of the Rules Governing the Listing of Securities on The Stock Exchange of Hong Kong Limited (the

"Listing Rules").

The Company wishes to provide to its shareholders in the appendix to this announcement the property sales update which contains certain operating data of the Company, together with its subsidiaries, joint ventures and associates (collectively, the "China Overseas Series of Companies") for the five months ended 31 May 2018 (the "Property Sales Update"). This announcement (with the appendix containing the Property Sales Update) is also available on the website of the Company (www.coli.com.hk).

Please be informed that the Property Sales Update has been prepared based on internal management records of the China Overseas Series of Companies which have not been audited nor reviewed by external auditors, and as such the data contained therein is for investors' information only. Such data may differ from the figures to be disclosed in the audited or unaudited consolidated financial statements to be published by the Company on an annual, semi-annual or quarterly basis due to various uncertainties during the process of collection and collating of such data. The Property Sales Update does not constitute, nor should it be construed as, an offer or solicitation for the purchase or sale of any securities or financial instruments of the Company or any of its subsidiaries, joint ventures or associates. It does not and is not intended to provide any investment service or investment advice.

Shareholders of the Company and potential investors should exercise caution when investing or dealing in the securities of the Company. You are also recommended to consult your own professional or financial advisers if you are in any doubt as to your investment positions.

By Order of the Board

China Overseas Land & Investment Limited

Yan Jianguo

Chairman and Chief Executive Officer

Hong Kong, 6 June 2018

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

Appendix

PROPERTY SALES UPDATE

FOR THE FIVE MONTHS ENDED 31 MAY 2018

For May 2018, the contracted property sales of China Overseas Land & Investment Ltd. (the "Company"), together with its subsidiaries, joint ventures and associates (collectively, the "China Overseas Series of Companies") amounted to approximately HK$26.732 billion and the corresponding gross floor area ("GFA") sold was approximately 1,455,000 square meters.

From January to May 2018, the accumulated contracted property sales of the China Overseas Series of Companies amounted to approximately HK$112.712 billion and the accumulated corresponding GFA sold was approximately 6,173,900 square meters.

In addition, as at 31 May 2018, the China Overseas Series of Companies had recorded subscribed property sales of approximately HK$39.618 billion, which are expected to be turned into contracted property sales in the following months.

The following tables illustrate the contracted property sales and the corresponding GFA sold of the China Overseas Series of Companies for May 2018 and for the period from January to May 2018:

Table 1: Contracted property sales of and the corresponding GFA sold by the China Overseas Series of Companies for May 2018

Table 2: Contracted property sales of and the corresponding GFA sold by the China Overseas Series of Companies for the period from January to May 2018

Note:

The regional breakdown shown in the above Table 1 and Table 2 is based on the locations of the regional headquarters responsible for the management of the relevant development projects, and is for reference only. The updates for cities covered in each region are set out in the annual report and interim report of the Company.