Yuexiu Property : ANNOUNCEMENT - UNAUDITED SALES STATISTICS AS AT 31 JULY 2020 AND NEW LAND ACQUISITIONS IN JULY

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(Incorporated in Hong Kong with limited liability)

(Stock code: 00123)

ANNOUNCEMENT

UNAUDITED SALES STATISTICS AS AT 31 JULY 2020 AND

NEW LAND ACQUISITIONS IN JULY

The board of directors ("Board") of Yuexiu Property Company Limited ("Company") is pleased to announce the unaudited sales statistics as at 31 July 2020 and new land acquisitions in July as follows:

In July 2020, the value of the Company's contracted sales (including contracted sales by joint venture projects) amounted to approximately RMB6,439 million, representing a year-on- year increase of approximately 68%. The corresponding gross floor area ("GFA") amounted to approximately 262,900 sq.m., representing a year-on-year increase of approximately 33%.

The value of the aggregate contracted sales (including contracted sales by joint venture projects) of the Company for the period from January to July 2020 ("Accumulated Contracted Sales") amounted to approximately RMB44,000 million, representing a year-on-year increase of approximately 8%. The corresponding GFA of the Accumulated Contracted Sales amounted to approximately 1,781,900 sq.m., representing a year-on-year decrease of approximately 3%. The value of the Accumulated Contracted Sales accounted for approximately 55% of the 2020 contracted sales target of RMB80.2 billion.

NEW LAND ACQUISITIONS IN JULY

In July 2020, the Company acquired an effective equity interest of 41.90% in relation to a land parcel in Chengdu by way of cooperation. The land parcel is located in Science City Section, Tianfu New District, Chengdu and the GFA of the land parcel is 300,700 sq.m.(including the underground area of 91,300 sq.m.). It is planned for residential and commercial land uses. The amount of land premium attributable to the effective interest of the Company was approximately RMB819 million. The project company is required to carry out certain supplementary construction work which will be transferred to the designated governmental department at nil consideration. The cost of the supplementary construction attributable to the effective interest of the Company is estimated to be approximately RMB167 million.

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The above-mentioned data are unaudited and are based on the summary of internal information of the Company, which may differ from the figures to be disclosed in the audited or unaudited financial statements to be published by the Company on an annual or semi-annual basis due to various uncertainties during the process of collection and collating of such information. As such, the above data are provided for investors' reference only. 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

Yuexiu Property Company Limited

Yu Tat Fung

Company Secretary

Hong Kong,6 August 2020

As at the date of this announcement, the Board comprises:

Executive Directors:	LIN Zhaoyuan (Chairman), LIN Feng, LI Feng, CHEN
	Jing and LIU Yan
Non-Executive Directors:	OUYANG Changcheng

Independent Non-executive Directors: YU Lup Fat Joseph, LEE Ka Lun and LAU Hon Chuen Ambrose

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