Stock Code: 600383

Stock Abbreviation: Gemdale Announcement No.:

2022-021

Gemdale Corporation

The Science of Living

Announcement on Sales and Project Acquisition Condition of the

Company in April 2022

The Board of Directors and all directors of the Company guarantee that there are no false records, misleading statements or major omissions in the announcement, and bear individual and joint responsibility for the truthfulness, accuracy and completeness of the content.

In April 2022, the Company achieved a contracted area of 466,000 square meters, a 68.25% decrease compared with last year; and a contracted amount of RMB12.50 billion, a 60.53% decrease compared with last year.

From January to April 2022, the Company achieved a cumulative contracted area of 2.298 million square meters, a 48.31% decrease compared with last year; and a cumulative contracted amount of RMB58.01 billion, a 42.17% decrease compared with last year.

Recent new projects of the Company are as follows:

Lot 019 is located in Xianjiahu Street, Yuelu District, Changsha City. It is adjacent to Enrui Lushan Mingyuan in the east, CIFI Neoteric Metropolis in the south, Gufeng Road in the west and Xianjiahu Road in the north. The project covers an area of 12,369 square meters, with a plot ratio of 5.8 and a plot ratio-based construction area of 71,737 square meters. The land parcel is used for urban residential and commercial purposes. The land usage term is 70 years for residential use and 40 years for commercial use. The total transaction price of the project is RMB274 million.

This announcement is hereby made.

By order of the Board of Gemdale Corporation

May 9, 2022

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Gemdale Corporation published this content on 09 May 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 30 May 2022 02:15:16 UTC.