About CHINA RES LAND Company

China Resources Land was incorporated in the Cayman Islands on July 3, 1996. Its shares were listed on the Hong Kong Stock Exchange in November 1996, under the stock code 01109.HK. On November 18, 2005, the issuer signed an agreement with the seller GainAheadGroupLimited to allocate and issue 1,255,606,263 new shares to the seller at a price of HK$2.2875 per share to acquire 100% of its shares in BoomGo and KingRole. After the change, the number of issuer shares increased to 2,773,670,691 shares. On January 20, 2006, the issuer and seller GainAheadGroupLimited entered into a placement and subscription agreement with JPMorgan. JPMorgan represented the placement of 300,000,000 shares in the form of balance underwriting at a price of HK$3.725 per share. The net proceeds of the subscription were approximately HK$1,095,000,000, and the number of shares of the after-sale company increased to 3,083,593,691 shares. On November 20, 2006, the issuer signed an agreement with the seller FineTeX International Limited to distribute and issue 186,104,218 new shares to FineTeX International Limited at a price of HK$6.448 per share to acquire 100% of Cosmart's shares, thereby obtaining 49% of the share capital interest in Huarun Xinzhen held by Cosmart and the full share capital interest in Chengdu Development. After the change, the number of issuer shares increased to 3,321,877,909 shares. On May 8, 2007, the issuer and seller GainAheadGroupLimited entered into a placement and subscription agreement with CreditSuisse. CreditSuisse represented the placement of 400,000,000 new shares in the form of balance underwriting at a price of HK$9.81 per share. The net proceeds of the subscription were approximately HK$3,919,000,000, and the number of shares of the after-sale company increased to 3,741,811,909 shares. On December 3, 2007, the issuer signed an agreement with the seller GainAheadGroupLimited to allocate and issue 269,0909 new shares to the seller at a price of HK$16.83 per share to acquire 100% of the issued share capital of Xunji, thereby obtaining indirect rights in 100% of the Dalian plot and 60% of the Hangzhou and Wuxi plots. After the change, the number of issuer shares increased to 4,023,551,318 shares. On June 6, 2008, the issuer signed an agreement with the seller GainAheadGroupLimited to allocate and issue 675,799,850 new shares to the seller at a price of HK$13.34 per share, and pay HK$197,000,000 in cash to acquire 100% of the issued share capital of Chaoshun Group Co., Ltd., thereby obtaining the project plot (from Beijing Mentougou Real Estate Project in China, Beijing Daxing Real Estate Project, Han Steel Real Estate Project, Chongqing Real Estate Project, Shenyang Dingxianghu Project, and Dalian Xinghai Bay Joint interests between project composition) and Inspiring Furniture Group (engaged in furniture manufacturing and sales business in China). After the change, the number of issuer shares increased to 4,711,726,168 shares. On May 19, 2009, the issuer and seller GainAheadGroupLimited entered into a placement and subscription agreement with CreditSuisse. CreditSuisse represented the placement of 300,000,000 new shares at a price of HK$14.34 per share in the form of balance underwriting. The net proceeds from the subscription were approximately HK$4,240,000,000, and the number of shares of the after-sale company increased to 5,021,753,668 shares. On July 31, 2009, the issuer signed an agreement with the seller Zhengxin Investment Co., Ltd. to acquire 100% of the issued share capital of Xinri Co., Ltd. in cash, to obtain all indirect rights in the project plot (including the Shenyang Huarun Center Project in China, the Shenyang Tiexi Project, the Beijing Huarun Hotel Project, and the Fuzhou Hongwan Project). The asset injection did not involve a change in equity, and the number of issuer shares remained unchanged. On September 20, 2010, the issuer signed an agreement with the seller Zhengxin Investment Co., Ltd. to distribute and issue 348,239,279 new shares to the seller at a price of HK$15.8827 per share, plus HK$2370.42 million in cash, to acquire 100% of the issued shares of Xunling Investment Co., Ltd., thereby obtaining all indirect rights in the project plot (including the Shimei Bay project in Hainan, China, the Wuhan Oak Bay project, and the Suzhou Kunshan project). After the change, the number of issuer shares increased to 5,385,677,947 shares. On August 19, 2011, the issuer signed an agreement with the seller Zhengxin Investment Co., Ltd. to allocate and issue 437,983,343 new shares to the seller at a price of HK$12.7756 per share, plus HK$1,407 million in cash, to acquire 100% of the issued shares of Xunshan Investment Co., Ltd., thereby obtaining all indirect rights in the Nanjing Yuefu Project, Changzhou International Community Project, and the Zhengzhou Impression City Project, as well as 95.7% indirect rights in the Wuxi Yuefu Project. After the change, the number of issuer shares increased to 5,825,918,790 shares. On November 30, 2012, the issuer signed an agreement with the seller Zhengxin Investment Co., Ltd. to acquire 100% of the issued shares of Haiyu Investment Co., Ltd. in cash of HK$2.117 billion, thereby obtaining 55% indirect interest in the Nanning China Resources Center project. The asset injection did not involve a change in equity, and the number of issuer shares remained unchanged. On December 8, 2014, the issuer signed an agreement with the seller Zhengxin Investment Co., Ltd. to distribute and issue 699,595,789 new shares to the seller at a price of HK$18.0104 per share, plus 4795 million yuan in cash, to acquire 100% of the issued shares of Guande Enterprise Co., Ltd., thereby obtaining the rights of Shenzhen Dachong Village Project, Shenzhen Sanjiu Silver Lake Project, Jinan Xinglong Project, Jinan Archives East Project, Shenzhen Imperial Palace Project, and China Resources Land (Shandong) Development Co., Ltd. After the change, the number of issuer shares increased to 6,530,814,579 shares. On May 12, 2015, the issuer and seller GainAheadGroupLimited entered into a placement, underwriting and subscription agreement with the placement agent. BOC International, CICC, J.P. Morgan and Morgan Stanley placed 400,000,000 new shares at a price of HK$25.25 per share. The net subscription proceeds were approximately HK$10.1 billion, and the number of shares of the after-sale company increased to 6,930,939,579 shares. Announcement on July 26, 2022: Wu Bingqi assumed the position of general manager.