Gemdale Properties And Investment : UNAUDITED OPERATING STATISTICS FOR DECEMBER 2016 AND FISCAL YEAR 2016

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Gemdale Properties and Investment Corporation Limited 金地商置集團有限公司*

(Incorporated in Bermuda with limited liability)

(Stock Code: 535) UNAUDITED OPERATING STATISTICS FOR DECEMBER 2016 AND FISCAL YEAR 2016

The Board is pleased to announce that the Group's aggregate contracted sales for December 2016 amounted to approximately RMB1,265 million, with an aggregate contracted sales area of approximately 74,600 square meters. The average selling price for the aforesaid period amounted to approximately RMB17,000 per square meter. The Group's aggregate contracted sales for fiscal year 2016 amounted to approximately RMB20,150 million and aggregate contracted sales area amounted to approximately 1,123,500 square meters.

The above-mentioned sales data is unaudited and is based on preliminary internal information of the Group, which may differ from figures to be disclosed in the audited or unaudited consolidated financial statements to be published by the Company on an annual or interim basis due to various uncertainties during the process of collecting and collating such sales information. As such, the above data is provided for investors' reference only. Shareholders of the Company and potential investors are advised to exercise caution and not to place undue reliance on such information when dealing in the securities of the Company. When in doubt, investors are advised to seek professional advice from professional or financial advisers.

By Order of the Board

Gemdale Properties and Investment Corporation Limited Huang Juncan

Chairman and Executive Director

Hong Kong, 9 January 2017

As at the date of this announcement, the Board comprises four executive Directors, namely Mr. Ling Ke, Mr. Huang Juncan, Mr. Xu Jiajun and Mr. Wei Chuanjun; two non-executive Directors, namely Mr. Loh Lian Huat and Ms. Zhang Feiyun and three independent non-executive Directors, namely Mr. Hui Chiu Chung, Mr. Chiang Sheung Yee, Anthony and Mr. Hu Chunyuan.

* For identification purpose only