(Hong Kong, 5 July 2024) China Overseas Grand Oceans Group Limited (the “Company”; Stock Code: meibaotao.com) announced that, for June 2024, the property contracted sales of the Company and its subsidiaries (the “Group”) amounted to RMB4,080,000,000 and the contracted gross floor area (“GFA”) reached 360,200 square meters, with a year-on-year decrease of 12.5% and 2.3% respectively.

From January to June 2024, the total  property contracted sales amounted to RMB19,017,000,000 and the total contracted GFA reached 1,656,200 square meters, with a year-on-year decrease of 26.7% and 22.8% respectively.

As at the end of June 2024, the property subscription sales amounted to RMB689,000,000 and the subscription GFA reached 52,100 square meters.

In June 2024, the Group acquired two new projects in Xuzhou, Jiangsu Province and Hefei, Anhui Province with a total GFA of 159,202 square meters and the total land cost was RMB1,164,590,000. From 1 January to 30 June 2024, the Group newly acquired a total GFA of 246,861 square meters with the total land cost of RMB1,384,640,000.

In the first half of 2024, the Group acquired the remaining equity interests in two cooperative projects in Changzhou, Jiangsu Province for a total consideration of RMB501,462,917.88, details of which were disclosed in the announcement of the Company dated 28 May 2024.

Note: In view of the uncertainties involved in investment and sales process, discrepancies may exist between the above figures and those disclosed in our regular reports. As such, the above is for reference only.