Greenland Hong Kong : Discloseable Transaction Acquisition of Properties At Tongxiang Economic Development Zone, Zhejiang Province

Hong Kong Exchanges and Clearing Limited and The Stock Exchange of Hong Kong Limited take no responsibility for the contents of this announcement, make no representation as to its accuracy or completeness and expressly disclaim any liability whatsoever for any loss howsoever arising from or in reliance upon the whole or any part of the contents of this announcement.

綠地香港控股有限公司

(incorporated in the Cayman Islands with limited liability)

The Board is pleased to announce that on 30 August 2017, the Confirmation Letters were entered into by the Exchange Centre and the Purchaser, an indirect wholly-owned subsidiary of the Company, confirming that the Purchaser has won the bids for the acquisition of the Properties at the Total Consideration through a listing-for-sale by Tongxiang Land Bureau held at the Exchange Centre.

As the highest applicable percentage ratio (as defined in the Listing Rules) for the Acquisition exceeds 5% but is less than 25%, the Acquisition constitutes a discloseable transaction for the Company and is subject to the announcement and reporting requirements (but not the Shareholders' approval requirement) under Chapter 14 of the Listing Rules.

On 30 August 2017, the Confirmation Letters were entered into by the Exchange Centre and the Purchaser, an indirect wholly-owned subsidiary of the Company, confirming that the Purchaser has won the bids for the acquisition of the Properties at the Total Consideration through a listing-for-sale by Tongxiang Land Bureau held at the Exchange Centre.

The principal terms of the Confirmation Letters and listing-for-sale are summarized below:

Property A

30 August 2017

1. The Purchaser, as purchaser

2. Tongxiang Land Bureau, as seller

3. The Exchange Centre, as the entity organising the listing-for-sale process

The parcel of land located at the east side of Renmin Road, the north side of Fazhan Avenue, Tongxiang Economic Development Zone, Zhejiang Province, the PRC (中國浙江省桐鄉經濟 開發區人民路東側、發展大道北側) with a total site area of approximately 82,256 sq. m. and a gross plot ratio of more than 1.3 but less than 2.5. The Property A has a land use right of 70 years for urban residential land use as well as 40 years for business and finance office use, and wholesale and retail commercial use.

The Consideration A, namely approximately RMB404,000,000 (equivalent to approximately HK$476,679,600), was the bid price submitted by the Purchaser for the acquisition of the Property A at the listing-for-sale on 30 August 2017, which was determined by the Purchaser with reference to the minimum bidding price stipulated by the Tongxiang Land Bureau, the expected bidding prices of the prospective bidders and the development potential of the Property A.

A deposit of RMB75,000,000 (equivalent to approximately HK$88,492,500) was paid by the Purchaser on 30 August 2017. The Purchaser also paid the Security Money A to the Tongxiang Land Bureau on 30 August 2017 to guarantee the due performance by the Purchaser of its obligation under the underlying contracts to be entered into by the Purchaser and the Tongxiang Land Bureau for the transfer of the land use right of the Property A to the Purchaser. The Security Money A will be refunded to the Purchaser in the following manner after the due performance of such obligations by the Purchaser:

1. 70% of the Security Money A (without any interest accrued thereon) will be refunded if the construction work for the said project commences within 5 months from the date of the Confirmation Letter A; and

2. balance of the Security Money A (without any interest accrued thereon) will be refunded if the construction work for the said project is completed within 30 months from the date of commencement of the construction work.

The balance of the Consideration A shall be paid by 29 September 2017.

Property B

30 August 2017

1. The Purchaser, as purchaser

2. Tongxiang Land Bureau, as seller

3. The Exchange Centre, as the entity organising the listing-for-sale process

The parcel of land located at the east side of Renmin Road, the south side of Fazhan Avenue, Tongxiang Economic Development Zone, Zhejiang Province, the PRC (中國浙江省桐鄉經濟 開發區人民路東側、發展大道南側) with a total site area of approximately 33,978 sq. m. and a gross plot ratio of more than 1.3 but less than 2.5. The Property B has a land use right of 70 years for urban residential land use as well as 40 years for business and finance office use, and wholesale and retail commercial use.

The Consideration B, namely approximately RMB142,000,000 (equivalent to approximately HK$167,545,800), was the bid price submitted by the Purchaser for the acquisition of the Property B at the listing-for-sale on 30 August 2017, which was determined by the Purchaser with reference to the minimum bidding price stipulated by the Tongxiang Land Bureau, the expected bidding prices of the prospective bidders and the development potential of the Property B.

A deposit of RMB25,000,000 (equivalent to approximately HK$29,497,500) was paid by the Purchaser on 30 August 2017. The Purchaser also paid the Security Money B to the Tongxiang Land Bureau on 30 August 2017 to guarantee the due performance by the Purchaser of its obligation under the underlying contracts to be entered into by the Purchaser and the Tongxiang Land Bureau for the transfer of the land use right of the Property B to the Purchaser. The Security Money B will be refunded to the Purchaser in the following manner after the due performance of such obligations by the Purchaser:

1. 70% of the Security Money B (without any interest accrued thereon) will be refunded if the construction work for the said project commences within 5 months from the date of the Confirmation Letter B; and

2. balance of the Security Money B (without any interest accrued thereon) will be refunded if the construction work for the said project is completed within 30 months from the date of commencement of the construction work.

The balance of the Consideration B shall be paid by 29 September 2017.

Property C

30 August 2017

1. The Purchaser, as purchaser

2. Tongxiang Land Bureau, as seller

3. The Exchange Centre, as the entity organising the listing-for-sale process

The parcel of land located at the north side of Fazhan Avenue, the west side of Zhenhua Road, Tongxiang Economic Development Zone, Zhejiang Province, the PRC (中國浙江省桐鄉經濟 開發區發展大道北側、振華路西側) with a total site area of approximately 21,394 sq. m. and a gross plot ratio of more than 1.3 but less than 2.5. The Property C has a land use right of 70 years for urban residential land use as well as 40 years for wholesale and retail commercial use.

The Consideration C, namely approximately RMB127,000,000 (equivalent to approximately HK$149,847,300), was the bid price submitted by the Purchaser for the acquisition of the Property C at the listing-for-sale on 30 August 2017, which was determined by the Purchaser with reference to the minimum bidding price stipulated by the Tongxiang Land Bureau, the expected bidding prices of the prospective bidders and the development potential of the Property C.

A deposit of RMB25,000,000 (equivalent to approximately HK$29,497,500) was paid by the Purchaser on 30 August 2017. The Purchaser also paid the Security Money C to the Tongxiang Land Bureau on 30 August 2017 to guarantee the due performance by the Purchaser of its obligation under the underlying contracts to be entered into by the Purchaser and the Tongxiang Land Bureau for the transfer of the land use right of the Property C to the Purchaser. The Security Money C will be refunded to the Purchaser in the following manner after the due performance of such obligations by the Purchaser:

1. 70% of the Security Money C (without any interest accrued thereon) will be refunded if the construction work for the said project commences within 5 months from the date of the Confirmation Letter C; and

2. balance of the Security Money C (without any interest accrued thereon) will be refunded if the construction work for the said project is completed within 24 months from the date of commencement of the construction work.

The balance of the Consideration C shall be paid by 29 September 2017.