Redco Properties Group Limited — Capital/Financing Update 2021

Apr 1, 2021

Hong Kong Exchanges and Clearing Limited and The Stock Exchange of Hong Kong Limited take no responsibility for the contents of this announcement, make no representation as to its accuracy or completeness and expressly disclaim any liability whatsoever for any loss howsoever arising from or in reliance upon the whole or any part of the contents of this announcement.

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REDCO PROPERTIES GROUP LIMITED 力 高 地 產 集 團 有 限 公 司

(Incorporated in the Cayman Islands with limited liability) (Stock Code: 1622)

UNAUDITED OPERATING FIGURES

FOR THE THREE MONTHS ENDED 31 MARCH 2021

The board of directors (the “ Board ”) of Redco Properties Group Limited (the “ Company ”) is pleased to announce that the Company, its subsidiaries (the “ Group ”) and joint ventures achieved contracted sales of approximately RMB9,364 million with the contracted gross floor area of approximately 1,094,400 square meters for the three months ended 31 March 2021.

The preliminary figures disclosed above are unaudited and are based on preliminary internal information of the Group and are subject to change and may differ from those in the audited or unaudited financial statements of the Group to be published by the Company on yearly and halfyearly basis. They shall not be taken as a measure or indication of the Group’s current or future operating or financial performance. As such, they are strictly for the investors’ reference only and not for any other purpose. Investors are advised not to place any reliance on the information disclosed herein but to exercise due caution when dealing in the securities of the Company. Any investor who is in doubt is advised to seek advice from professional advisors.

By Order of the Board Redco Properties Group Limited Wong Yeuk Hung Chairman

Hong Kong, 1 April 2021

As at the date of this announcement, the executive directors of the Company are Mr. Wong Yeuk Hung, Mr. Huang Ruoqing and Mr. Tang Chengyong; and the independent non-executive directors of the Company are Dr. Wong Yau Kar, David GBS, BBS, JP, Mr. Chau On Ta Yuen SBS,BBS and Mr. Yip Tai Him