China Merchants Land Limited at its AGM to be held on 25 May 2023 proposed payment of a final dividend of HKD 0.03 (equivalent to approximately RMB 0.027) per ordinary share out of the share premium account of the Company (the "Final Dividend") to shareholders of the Company whose names appear on the register of members of the Company on the record date fixed by the Board for determining the entitlements to the Final Dividend be and is hereby approved. Ex-dividend date 30 May 2023, Record date 02 June 2023 and Payment date 30 June 2023.