About CHINA RES LAND Company

China Resources Land was incorporated in the Cayman Islands on July 3, 1996, and 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 entered into an agreement with the seller, GainAhead Group Limited, to issue and allot 1,255,606,263 new shares to the seller at HK$2.2875 per share, acquiring 100% of the equity interests in BoomGo and KingRole held by the seller. Following this change, the number of shares issued by the issuer increased to 2,773,670,691. On January 20, 2006, the issuer and the seller, GainAhead Group Limited, entered into a placing and subscription agreement with JPMorgan. Under this agreement, JPMorgan acted as the placing agent for 300,000,000 shares at HK$3.725 per share on a best-efforts basis, raising net proceeds of approximately HK$1,095,000,000. After the placement, the number of shares issued by the company increased to 3,083,593,691. On November 20, 2006, the issuer entered into an agreement with the seller, Finetex International Limited, to issue and allot 186,104,218 new shares to Finetex International Limited at HK$6.448 per share, acquiring 100% of the equity interest in Cosmart held by the seller. As a result, the issuer obtained a 49% equity stake in China Resources New Town held by Cosmart, as well as full equity interests in Chengdu Development. Following this change, the number of shares issued by the issuer increased to 3,321,877,909. On May 8, 2007, the issuer and the seller, GainAhead Group Limited, entered into a placing and subscription agreement with Credit Suisse. Under this agreement, Credit Suisse acted as the placing agent for 400,000,000 new shares at HK$9.81 per share on a best-efforts basis, raising net proceeds of approximately HK$3,919,000,000. After the placement, the number of shares issued by the company increased to 3,741,811,909. On December 3, 2007, the issuer entered into an agreement with the seller, GainAhead Group Limited, to issue and allot 269,090,909 new shares to the seller at HK$16.83 per share, acquiring 100% of the issued share capital of Xunji Company held by the seller, thereby obtaining indirect interests in the Dalian land parcel (100%), as well as 60% of the land parcels in Hangzhou and Wuxi. Following this change, the number of shares issued by the issuer increased to 4,023,551,318. On June 6, 2008, the issuer entered into an agreement with the seller, GainAhead Group Limited, to issue and allot 675,799,850 new shares to the seller at HK$13.34 per share, along with cash payment of HK$197,000,000, acquiring 100% of the issued share capital of Chaoshun Group Limited held by the seller, thereby obtaining indirect interests in project land parcels (comprising the Beijing Mentougou Real Estate Project, Beijing Daxing Real Estate Project, Hanshan Real Estate Project, Chongqing Real Estate Project, Shenyang Dingxianghu Project, and Dalian Xinghai Bay Project) and Lizhi Furniture Group (engaged in furniture manufacturing and sales in China). Following this change, the number of shares issued by the issuer increased to 4,711,726,168. On May 19, 2009, the issuer and the seller, GainAhead Group Limited, entered into a placing and subscription agreement with Credit Suisse. Under this agreement, Credit Suisse acted as the placing agent for 300,000,000 new shares at HK$14.34 per share on a best-efforts basis, raising net proceeds of approximately HK$4,240,000,000. After the placement, the number of shares issued by the company increased to 5,021,753,668. On July 31, 2009, the issuer entered into an agreement with the seller, Zhengxin Investment Co., Ltd., to acquire 100% of the issued share capital of Xinri Co., Ltd. for cash amounting to HK$3,570,000,000, thereby obtaining full indirect interests in project land parcels (including the Shenyang China Resources Center Project, Shenyang Tiexi Project, Beijing China Resources Hotel Project, and Fuzhou Hongwan Project). This asset injection did not involve any change in equity, and the number of shares issued by the issuer remained unchanged. On September 20, 2010, the issuer entered into an agreement with the seller, Zhengxin Investment Co., Ltd., to issue and allot 348,239,279 new shares to the seller at HK$15.8827 per share, plus cash amounting to HK$237.042 million, acquiring 100% of the issued shares of Xunling Investment Co., Ltd. held by the seller, thereby obtaining full indirect interests in project land parcels (including the Hainan Shimaiwan Project, Wuhan Oak Bay Project, and Suzhou Kunshan Project in China). Following this change, the number of shares issued by the issuer increased to 5,385,677,947. On August 19, 2011, the issuer entered into an agreement with the seller, Zhengxin Investment Co., Ltd., to issue and allot 437,983,343 new shares to the seller at HK$12.7756 per share, plus cash amounting to HK$140.7 million, acquiring 100% of the issued shares of Xunshan Investment Co., Ltd. held by the seller, thereby obtaining full indirect interests in the Nanjing Yuefu Project, Changzhou International Community Project, and Zhengzhou Yingxiangcheng Project, as well as a 95.7% indirect interest in the Wuxi Yuefu Project. Following this change, the number of shares issued by the issuer increased to 5,825,918,790. On November 30, 2012, the issuer entered into an agreement with the seller, Zhengxin Investment Co., Ltd., to acquire 100% of the issued shares of Haiyu Investment Co., Ltd. for cash amounting to HK$2.117 billion, thereby obtaining a 55% indirect interest in the Nanning China Resources Center Project. This asset injection did not involve any change in equity, and the number of shares issued by the issuer remained unchanged. On December 8, 2014, the issuer entered into an agreement with the seller, Zhengxin Investment Co., Ltd., to issue and allot 699,595,789 new shares to the seller at HK$18.0104 per share, plus cash amounting to HK$479.5 million, acquiring 100% of the issued shares of Guande Enterprise Co., Ltd. held by the seller, thereby obtaining equity interests in the Shenzhen Dachongcun Project, Shenzhen Sanjiu Yinhu Project, Jinan Xinglong Project, Jinan Archives East Project, Shenzhen Diwangju Project, and China Resources Land (Shandong) Development Co., Ltd. Following this change, the number of shares issued by the issuer increased to 6,530,814,579. On May 12, 2015, the issuer and the seller, GainAhead Group Limited, together with the placing agents, entered into a placing, underwriting, and subscription agreement. Bank of China International, CICC, J.P. Morgan, and Morgan Stanley acted as placing agents for 400,000,000 new shares at HK$25.25 per share, raising net proceeds of approximately HK$10.1 billion. After the placement, the number of shares issued by the company increased to 6,930,939,579. Announcement dated July 26, 2022: Wu Bingqi has been appointed as General Manager.