Seazen Group Limited — Capital/Financing Update 2021

Jan 8, 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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SEAZEN GROUP 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 DECEMBER 2020

UNAUDITED OPERATING STATISTICS

The board (the “ Board ”) of directors (the “ Directors ”) of Seazen Group Limited (the “ Company ”, together with its subsidiaries, the “ Group ”) is pleased to announce that in December 2020, the Group achieved contracted sales of approximately RMB31.055 billion, and contracted sales area of approximately 3,198,500 sq.m.

The aggregate contracted sales from January to December 2020 amounted to approximately RMB250.963 billion. The aggregate sales area was approximately 23,488,500 sq.m.

The aggregate rental income[#] of Wuyue Plazas from January to December 2020 amounted to approximately RMB5.309 billion[##] .

LAND ACQUISITION

A subsidiary of the Company obtained the land parcel No. JN19(251)：2020-064 in Chengdu City, Sichuan Province* (四川省成都市編號為JN19(251)：2020-064號地塊), by way of open tender auction. The land parcel is located at Sections 4 and 5, Wufu Village, Shaheyuan Street, Jinniu District, Chengdu City* (成都市金牛區沙河源街道五福村4、5組). It occupies a transferred land area of 21,788.20 sq.m., and is planned for residential use with a plot ratio of ≥1.0 and ≤2.0. Land premium of RMB581,739,600 shall be paid by the Group.

• Rental income includes property management fee

Wuyue Plazas, self-owned and operated by the Company, has implemented the 50% rental reduction policy that lasts for 67 days effective from 25 January 2020 for all merchants. Meanwhile, during the period from 1 April to 31 May 2020, the Company provided the 50% rental reduction policy to support those merchants, in aspects such as theaters, educational training, fitness and KTV, which suffered delayed opening due to epidemic control. For the asset-light projects entrusted for operation, the Company shall implement the same policy on the premise of consistent communication with the owners.

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A subsidiary of the Company obtained a land parcel, namely Guanghua New City Land 22 mu, in Wenjiang District, Chengdu City, Sichuan Province* (四川省成都市溫江區光華新城22畝地塊), by way of acquisition. The land parcel is located at Sections II, III and IV, Hongguang Village, Yongquan, Wenjiang District, Chengdu City* (成都市溫江區涌泉紅光村二、三、四組). It occupies a transferred land area of 15,057.94 sq.m., and is planned for residential use with a plot ratio of ≤2.5. Consideration for the transaction of RMB308,281,100 shall be paid by the Group.

A subsidiary of the Company obtained the land parcel No. 2020-WG-39-1 in Taicang City, Suzhou, Jiangsu Province* (江蘇省蘇州太倉市編號為2020-WG-39-1號地塊), by way of open tender auction. The land parcel is located in Xueyuan Road South and Yuelu Road West, Hightech Zone, Taicang City* (太倉市高新區學院路南、岳鹿路西). It occupies a transferred land area of 44,157.40 sq.m., and is planned for residential use with a plot ratio of >1.0 and ≤2.0. Land premium of RMB1,028,880,000 shall be paid by the Group.

A subsidiary of the Company obtained the land parcel No. 2020-22-01 in Changzhou City, Jiangsu Province* (江蘇省常州市編號為2020-22-01號地塊), by way of open tender auction. The land parcel is located in south of Xincheng Avenue and west of Huaqing Road, Jintan District, Changzhou City* (常州市金壇區鑫城大道南側、華青路西側). It occupies a transferred land area of 61,440.00 sq.m., and is planned for commercial and residential uses with a plot ratio of >1.0 and <2.0. Land premium of RMB611,520,000 shall be paid by the Group.

A subsidiary of the Company obtained the land parcels Nos. 2028 and 2029 in Qidong City, Nantong, Jiangsu Province* (江蘇省南通啓東市編號為2028號及2029號地塊), by way of open tender auction. The project is located in Zhongyang Avenue North and east of Jianshe Road, Qidong City* (啓東市中央大道北、建設路東側). It is planned for commercial, educational and residential uses. In particular, the land parcel No. 2028 occupies a transferred land area of 81,534.20 sq.m. with a plot ratio of ≥1.62 and ≤1.79; and the land parcel No. 2029 occupies a transferred land area of 93,471.00 sq.m. with a plot ratio of ≥1.5 and ≤1.66. Land premium totaling RMB2,067,630,000 shall be paid by the Group.

A subsidiary of the Company obtained the land parcel No. LTC2020-14 in Lianyungang City, Jiangsu Province* (江蘇省連雲港市編號為LTC2020-14號地塊), by way of cooperation. The land parcel is located in Jianshe Middle Road North and Tongguan South Road West, Haizhou District, Lianyungang City* (連雲港市海州區建設中路北、通灌南路西). It occupies a transferred land area of 41,478.00 sq.m., and is planned for residential use with a plot ratio of ≥1.0 and ≤2.2. Land premium of RMB332,214,000 shall be paid by the Group.

A subsidiary of the Company obtained the land parcel of Huai Ziran (Pu) Gua 2020 No. 13 in Huaian City, Jiangsu Province* (江蘇省淮安市編號為淮自然（浦）掛2020第13號地塊), by way of open tender auction. The land parcel is located in south of Juyi Capital and west of Qinghe Road, Qingjiangpu District, Huaian City* (淮安市清江浦區巨一首府南側、清河路西側). It occupies a transferred land area of 30,222.00 sq.m., and is planned for commercial and residential uses with a plot ratio of >1.0 and ≤2.3. Land premium of RMB505,000,000 shall be paid by the Group.

A subsidiary of the Company obtained the land parcel No. XG20139 in Xuyi County, Huaian City, Jiangsu Province* (江蘇省淮安市盱眙縣編號為XG20139號地塊), by way of open tender auction. The land parcel, representing Land No. 1, is located in east of Xuyi County Branch of Rural Commercial Bank* (盱眙縣農商行東側). It occupies a transferred land area of 21,674.00 sq.m., and is planned for commercial use with a plot ratio of >1.0 and ≤1.9. Land premium of RMB32,750,000 shall be paid by the Group.

A subsidiary of the Company obtained the land parcels Nos. 2020H1, 2020H2 and 2020H3 in Siyang County, Suqian City, Jiangsu Province* (江蘇省宿遷市泗陽縣編號為2020H1號、2020H2 號及2020H3號地塊), by way of open tender auction. The project is located in south of Wencheng Road and west of Yanghe Road, Siyang County* (泗陽縣文城路南側、洋河路西側). It occupies a transferred land area of 107,912.00 sq.m., and is planned for residential and commercial service uses with a plot ratio of >1.0 and ≤2.8. Land premium totaling RMB396,576,600 shall be paid by the Group.

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A subsidiary of the Company obtained the land parcel Nos. 2018-19 in Jiashan County, Jiaxing City, Zhejiang Province* (浙江省嘉興市嘉善縣編號為2018-19號地塊), by way of joint bidding at an open tender auction. The land parcel is located in Phase IV of Huimin Street Development Zone, east of Siming Road, north of Jiashantang and south of Yongfeng Road, Jiashan County* (嘉 善縣惠民街道開發區四期，四明路東側、嘉善塘北側、永豐路南側). It occupies a transferred land area of 29,791.00 sq.m., and is planned for residential use with a plot ratio of ≥1.0 and ≤2.2. Land premium of RMB304,404,400 shall be paid by the Group.

A subsidiary of the Company obtained the land parcels of Changding (2020) No. 22, Changding (2020) No. 23, Changding (2020) No. 24, Changding (2020) No. 25 and Changding (2020) No. 26 in Changde City, Hunan Province* (湖南省常德市編號為常鼎(2020)22號、常鼎(2020)23 號、常鼎(2020)24號、常鼎(2020)25號及常鼎(2020)26號地塊), by way of open tender auction. In particular, Changding (2020) No. 22 is located in southeast corner of the intersection between Binjiang Avenue and Yongfeng Road, Jiangnan Cheng District, Changde City* (常德市江南城 區濱江大道與永豐路交匯處東南角), which occupies a transferred land area of 77,007.39 sq.m. and is planned for residential and commercial uses, with a plot ratio of ≥2.2 and ≤2.7; Changding (2020) No. 23 is located in southeast corner of the intersection between Binjiang Avenue and Fuguang Road, Jiangnan Cheng District, Changde City* (常德市江南城區濱江大道與福廣路交匯 處東南角), which occupies a transferred land area of 63,917.25 sq.m. and is planned for residential and commercial uses, with a plot ratio of ≥2.3 and ≤2.8; Changding (2020) No. 24 is located in southeast corner of the intersection between Binjiang Avenue and Yongji Road, Jiangnan Cheng District, Changde City* (常德市江南城區濱江大道與永吉路交匯處東南角), which occupies a transferred land area of 67,074.38 sq.m. and is planned for residential and commercial uses, with a plot ratio of ≥2.3 and ≤2.8; Changding (2020) No. 25 is located in northwest corner of the intersection between Yangming Avenue and Linyuan Road, Jiangnan Cheng District, Changde City* (常德市江南城區陽明大道與臨沅路交叉處西北角), which occupies a transferred land area of 49,631.24 sq.m. and is planned for residential and commercial uses, with a plot ratio of ≥3.0 and ≤3.5; and Changding (2020) No. 26 is located in northeast corner of the intersection between Yangming Avenue and Linyuan Road, Jiangnan Cheng District, Changde City* (常德市江南城區 陽明大道與臨沅路交叉處東北角), which occupies a transferred land area of 53,597.67 sq.m. and is planned for residential, commercial as well as commercial and financial uses, with a plot ratio of ≥3.0 and ≤3.5. Land premium totaling RMB1,311,250,000 shall be paid by the Group.

A subsidiary of the Company obtained the land parcel No. DEB2020088 in Shangrao City, Jiangxi Province* (江西省上饒市編號為DEB2020088號地塊), by way of joint bidding at an open tender auction. The land parcel is located in south of Weiyi Road and east of Wujing Road, Shangrao City* (上饒市惟義路以南、五經路以東). It occupies a transferred land area of 74,433 sq.m., and is planned for residential use with a plot ratio of >1.5 and ≤2.2. Land premium of RMB271,794,300 shall be paid by the Group.

A subsidiary of the Company obtained the land parcels of Yun Chu Gua (2020) No. 107 and Yun Chu Gua (2020) No. 108 in Yunfu City, Guangdong Province* (廣東省雲浮市編號為雲出掛 (2020)107號及雲出掛(2020)108號地塊), by way of open tender auction. In particular, Yun Chu Gua (2020) No. 107 is located in northeast of the intersection between Jinshan Avenue and Fumin Road, Urban Area, Yunfu City (southeast of the Frog Mountain)* (雲浮市市區金山大道與富民路 交匯處東北側(青蛙山東南側)), which occupies a transferred land area of 119,612.61 sq.m. and is planned for residential and commercial service uses, with a plot ratio of ≤3.5; and Yun Chu Gua (2020) No. 108 is located in east of Huanshi West Road, Urban Area, Yunfu City, and adjacent to the Frog Mountain* (雲浮市市區環市西路東側青蛙山旁), which occupies a transferred land area of 58,856.21 sq.m. and is planned for commercial service use, with a plot ratio of ≤2.1. Land premium totaling RMB800,235,100 shall be paid by the Group.

A subsidiary of the Company obtained the land parcel No. 2020G018 in Pingtan County, Fuzhou City, Fujian Province* (福建省福州市平潭縣編號為2020G018號地塊), by way of open tender auction. The land parcel is located in north of Zhuyu Lake Middle Road and west of Yaozhu South Road, Pingtan County* (平潭縣竹嶼湖中路北側、瑤竹南路西側). It occupies a transferred land area of 140,000.00 sq.m., and is planned for residential, commercial as well as commercial and financial uses with a plot ratio of >1.0 and ≤ 2.75. Land premium of RMB1,070,000,000 shall be paid by the Group.

3

A subsidiary of the Company obtained the land parcels Nos. 2020A-51, 2020A-52, 2020A-53 and 2020A-54 in Rizhao City, Shandong Province* (山東省日照市編號為2020A-51號、2020A-52 號、2020A-53號及2020A-54號地塊), by way of open tender auction. In particular, the land parcel No. 2020A-51 is located in south of Xinghai Road and east of Dongguan South Road, Rizhao City* (日照市興海路以南、東關南路以東), which occupies a transferred land area of 48,742.13 sq.m. and is planned for commercial use (compatible with business use), with a plot ratio of ≤2.5; the land parcel No. 2020A-52 is located in north of Xinghai Road and east of Heyang Road, Rizhao City* (日照市興海路以北、和陽路以東), which occupies a transferred land area of 95,890.60 sq.m. and is planned for residential use (compatible with commercial use), with a plot ratio of ≤2.4; the land parcel No. 2020A-53 is located in north of Xinghai Road and west of Danyang Road, Rizhao City* (日照市興海路以北、丹陽路以西), which occupies a transferred land area of 45,619.50 sq.m. and is planned for residential use (compatible with commercial use), with a plot ratio of ≤2.4; and the land parcel No. 2020A-54 is located in north of Xinghai Road and east of Heyang Road, Rizhao City* (日照市興海路以北、和陽路以東), which occupies a transferred land area of 15,839.10 sq.m. and is planned for commercial use, with a plot ratio of ≤1.2. Land premium totaling RMB884,450,000 shall be paid by the Group.

A subsidiary of the Company obtained the land parcels Nos. 2020-90 and 2020-91 in Dongying City, Shandong Province* (山東省東營市編號為2020-90號及2020-91號地塊), by way of open tender auction. In particular, the land parcel No. 2020-90 is located in south of Huanghe Road and west of Xiangshan Road, Dongying City* (東營市黃河路以南、香山路以西), which occupies a transferred land area of 144,577.71 sq.m. and is planned for residential and commercial uses, with a plot ratio of ≥1.52 and ≤1.99; and the land parcel No. 2020-91 is located in south of Yantai Road and west of Xiangshan Road, Dongying City* (東營市煙台路以南、香山路以西), which occupies a transferred land area of 172,626.59 sq.m. and is planned for residential use, with a plot ratio of ≥1.3 and ≤1.5. Land premium totaling RMB803,000,000 shall be paid by the Group.

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 the reference of shareholders and potential investors of the Company 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 professionals or financial advisers.

By order of the Board Seazen Group Limited Wang Xiaosong Chairman

PRC, 8 January 2021

As at the date of this announcement, the Directors are Mr. Lv Xiaoping and Mr. Lu Zhongming as executive Directors, Mr. Wang Xiaosong, Mr. Qu Dejun and Mr. Zhang Shengman as non-executive Directors, 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 and is provided for identification purpose only.

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