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        China Overseas Grand Oceans Group Limited Announces Property Sales Results for May 2023 Author: China Overseas Grand Oceans Group Ltd.

        (Hong Kong, 6 June 2023) China Overseas Grand Oceans Group Limited (the “Company”; Stock Code: 0081.HK) announced that, for May 2023, the property contracted sales of the Company and its subsidiaries (the “Group”) amounted to RMB3,901,000,000 and the contracted gross floor area (“GFA”) reached 310,600 square meters, with a year-on-year increase of 6.1% and decrease 17.3% respectively.

        From January to May 2023, the total property contracted sales amounted to RMB21,278,000,000 and the total contracted GFA reached 1,776,600 square meters, with a year-on-year increase of 35.2% and 16.1% respectively.

        As at the end of May 2023, the property subscription sales amounted to RMB889,000,000 and the subscription GFA reached 60,800 square meters.

        In May 2023, the Group acquired one new project in Yinchuan, Ningxia Hui Autonomous Region with a total GFA of 189,465 square meters and the total land cost was RMB848,450,000. From 1 January to 31 May 2023, the Group newly acquired a total GFA of 286,601 square meters with the total land cost of RMB1,508,510,000.

        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.

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