China Merchants Land Limited announced that on 30 January 2019, the Company entered into the Operation Agreement with China Merchants Shekou Industrial Zone Co. Ltd. (CMSK) pursuant to which the Group will provide project operational support services to CMSK, including but not limited to taking charge of land acquisition, project development and sales, commencing from 30 January 2019 up to 31 December 2021 (both days inclusive). CMSK is the controlling shareholder of the Company holding approximately 74.35% of the issued share capital of the Company. Commencing from 30 January 2019 to 31 December 2021 (both days inclusive) which may be early terminated by either party by giving not less than 3 months' written notice to the other party, provided that unless there is a serious breach of contract by the Company, CMSK should not terminate the Operation Agreement during the term of the Operation Agreement.