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Seazen Group Limited Capital/Financing Update 2017

May 4, 2017

49637_rns_2017-05-04_ea84bab0-2eb0-4601-bc68-37f3bbb8363c.pdf

Capital/Financing Update

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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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Future Land Development Holdings Limited 新城發展控股有限公司

(incorporated in the Cayman Islands with limited liability)

(Stock Code: 1030)

UNAUDITED OPERATING STATISTICS AND LAND ACqUISITION INFORmATION FOR APRIL 2017

Unaudited Operating Statistics

The board (the “ Board ”) of directors (the “ Directors ”) of Future Land Development Holdings Limited (the “ Company ”, together with its subsidiaries, the “ Group ”) is pleased to announce that in April 2017, the Group achieved contracted sales of approximately RMB9,110 million, and contracted sales area of approximately 647,900 sq.m. The average selling price of contracted sales (Note (1)) for April 2017 was approximately RMB15,550 per sq.m. (Note (2)) .

For the first four months ended April 30, 2017, the Group achieved accumulated contracted sales of approximately RMB32,249 million. Accumulated contracted sales area amounted to approximately 2,274,100 sq.m. (Note (3) ).

Notes:

  • (1) The average selling price of contracted sales shown above excludes contracted sales of car parks.

  • (2) The contracted sales in April 2017 include a contracted sales area of approximately 114,300 sq.m. from joint ventures and the contracted sales amounted to approximately RMB2,759 million.

  • (3) The accumulated contracted sales achieved in the first four months of 2017 include approximately 491,500 sq.m. of contracted sales area from joint ventures and the contracted sales amounted to approximately RMB10,709 million.

Land Acquisition

Recently, Future Land Holdings Group Real Estate Development Co., Ltd.* (新城控股集團房地 產開發有限公司), a subsidiary of the Company, won the bid for the state-owned construction land use rights in respect of the land parcel No. FD2-14-22 in Xi’an City, Shanxi Province at a total consideration of RMB253,900,000. The land parcel is located in the west of Tiantai Road and north of Fengming Road (Kunming Road) in Fengdong New Town in Xi’an City* (西安市灃東新城天 台路以西、灃明路(昆明路)以北), and occupies a net site area of 54,606.12 sq.m. It is planned for residential and commercial services use. The land use rights have been granted for a term of 70 years for residential use and a term of 40 years for commercial services use, with a plot ratio of ≥2.5 and ≤3.0.

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Recently, Shanghai Future Land Wanjia Real Estate Co., Ltd.* (上海新城萬嘉房地產有限公司), a subsidiary of the Company, won the bid for the state-owned construction land use rights in respect of the land parcel No. A062-1/03 in Sub-zone A of Lianglu Zone in Yubei District, Chongqing City* (重慶市渝北區兩路組團A分區) at a total consideration of RMB844,000,000. The land parcel is located in Lianglu Zone in Yubei District, Chongqing City, and occupies a transferred land area of 45,575 sq.m. It is planned for type II residential use. The land use rights have been granted for a term of 40 years for commercial use and a term of 50 years for residential use, with a plot ratio of ≤3.42.

Guangzhou Dingjia Real Estate Co., Ltd.* (廣州鼎佳房地產有限公司), a subsidiary of the Company, won the bid for the state-owned construction land use rights in respect of the land parcel No. TD2017(SS)WG0006 in Foshan City, Guangdong Province at a total consideration of RMB1,037,900,000. The land parcel is located to the east of Jianshe One Road, South-West Street in Sanshui District, Foshan City* (佛山市三水區西南街道建設一路東側), and occupies a transferred land area of 47,253 sq.m. It is planned for urban residential use and commercial services use (wholesale & retail use, accommodation & catering use, commercial & financial use, other commercial services use). The land use rights have been granted for a term of 40 years for commercial services use and a term of 70 years for residential use, with a plot ratio of >1.0 and ≤3.5.

A subsidiary of the Company obtained the land parcel No. J-15, F-21, 22, 23 in Yuelu District, Changsha City, Hunan Province by way of cooperation. The land parcel is located in Meixihu Area in Yuelu District, Changsha City, spanning to Huba Road (planned road) and Meixihu Road West Extension (planned road) in the southeast, Hujiu Road (planned road) in the northwest, Fanzhou Road in the northeast, with Huanhu Road (planned road), Wuzhou Road (planned road) and Meixihu Road passing through the center* (長沙市岳麓區梅溪湖片區內,東南臨近湖八路(規 劃路)及梅溪湖路西延線(規劃路),西北臨近湖九路(規劃路),東北臨泛舟路,中間有環湖 路(規劃路)、五洲路(規劃路)及梅溪湖路穿過). The land parcel occupies a site area of 119,862 sq.m. and a planned gross floor area of 498,605 sq.m. It is planned for residential and commercial use. The land use rights have been granted for a term of 70 years for residential use and 40 years for commercial use. The consideration payable is RMB1,105,000,000.

A subsidiary of the Company obtained the land parcel No. TF4-1, TF4-2-1 in Gaoxin District, Hefei City, Anhui Province by way of cooperation. The land parcel spans to Jimingshan Road in the east, Wangjiangxi Road in the south, Houdian Road in the west and the site boundary in the north* (東至雞鳴山路、南至望江西路、西至候店路、北至用地界線) and occupies a transferred land area of 104,760 sq.m. It is planned for residential use and the land use rights have been granted for a term of 70 years for residential use, among which the plot ratio is 2.2 for land parcel TF4-1 and 2.0 for land parcel TF4-2-1. The consideration payable is RMB276,000,000.

A subsidiary of the Company obtained the land parcel No. 2014-G108 in Huaiyin District, Jinan City, Shandong Province by way of acquisition. The land parcel is located south of Jingshi Road and east of the planned Zibo Road in Huaiyin District, Jinan City* (濟南市槐蔭區經十路南側、規 劃淄博路東側), and occupies a site area of 18,932 sq.m. It is planned for commercial and business use. The land use rights have been granted for a term of 40 years for commercial and service use, with a plot ratio of 3.0 to 5.5. The consideration payable is RMB240,000,000.

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The sales data as disclosed above 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 half-yearly basis due to various uncertainties during the process of collating such sales information. As such, the above data is provided for shareholders and potential investors of the Company for referential purposes only. Shareholders and potential investors of the Company 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, shareholders and potential investors of the Company are advised to seek professional advice from professional or financial advisers.

By order of the Board Future Land Development Holdings Limited WANG Zhenhua Chairman

PRC, May 4, 2017

As at the date of this announcement, the Directors are Mr. Wang Zhenhua, Mr. Lv Xiaoping, Mr. Lu Zhongming, Mr. Liu Yuanman and Mr. Chan Wai Kin as executive Directors, Mr. Wang Xiaosong as non-executive Director, and Mr. Chen Huakang, Mr. Zhu Zengjin and Mr. Zhong Wei as independent non-executive Directors.

  • Denotes English translation of a Chinese Company or entity or address or vice versa and is provided for identification purpose only.

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