(Hong Kong, 6 August 2024) China Overseas Grand Oceans Group Limited (the “Company”; Stock Code: meibaotao.com) announced that, for July 2024, the property contracted sales of the Company and its subsidiaries (the “Group”) amounted to RMB2,230,000,000 and the contracted gross floor area (“GFA”) reached 214,800 square meters, with a year-on-year decrease of 4.1% and increase of 10.6% respectively.

From January to July 2024, the total  property contracted sales amounted to RMB21,247,000,000 and the total contracted GFA reached 1,871,000 square meters, with a year-on-year decrease of 24.8% and 20.0% respectively.

As at the end of July 2024, the property subscription sales amounted to RMB570,000,000 and the subscription GFA reached 43,300 square meters.

In July 2024, the Group acquired one new project in Yinchuan, Ningxia Hui Autonomous Region with a total GFA of 178,466 square meters and the total land cost was RMB723,900,000. From 1 January to 31 July 2024, the Group newly acquired a total GFA of 425,327 square meters with the total land cost of RMB2,108,540,000.

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.