CHINA OVERSEAS PROPERTY HOLDINGS LIMITED ANNOUNCED INTERIM RESULTS FOR THE SIX MONTHS ENDED 30 JUNE 2024

CHINA OVERSEAS PROPERTY HOLDINGS LIMITED ANNOUNCED INTERIM RESULTS FOR THE SIX MONTHS ENDED 30 JUNE 2024

Profit attributable to ordinary equity holders increased by 16.0% An interim dividend of HK8.5 cents per share for the first half of 2024.

China Overseas Property Holdings Limited (the "Company" or "COPL",stock code:02669) is pleased to announce the interim results of the Company and its subsidiaries (collectively, the "Group") for the six months ended 30 June 2024on 27 August 2024.

In the first half of 2024, the Group had a cumulative presence in 168cities, and had 2,118property projects under management, covering Hong Kong and Macau. The business types include residential premises and non-residential premises, covering business complexes, office buildings, commercial complexes, hotels, industrial parks, logistics parks, aviation, high-speed rail, hospitals, schools, government properties, urban services, parks, ports, roads and bridges, bus terminuses and other public facilities. Through providing high-quality and sophisticated services to the customers and maximising customer satisfaction, we strive to preserve and add value to the properties under our management and to solidify our strong brand recognition as a renowned property management service provider for mid- tohigh-end properties in our core stream business.

During the six months ended 30 June 2024, total revenue increased by 9.0% to RMB6,838.4 million (2023: RMB6,274.8 million).

PROPERTY MANAGEMENT SERVICES

We continued to diversify our property management portfolio, expand the coverage of non-residential areas, and further diversify our product portfolio consisting of commercial complexes, offices, shopping centers, hotels, industrial parks, logistic parks, aviation, high-speed rail, hospitals, schools, government properties, urban services, parks, ports, roads and bridges, bus terminuses and other public facilities. Now we have 2,118property management projects with service area of nearly 422.7 million square meters.

During the six months ended 30 June 2024,revenue from property management servicesincreased by 14.2% from last year to RMB5,165.9 million (2023: RMB4,522.9 million).

VALUE-ADDED SERVICES TO RESIDENTS

In respect of value-added services to residents sub-segment, our services cover (i) community asset management services (such as rental assistance, agency and custody for real estate transactions, common area rental assistance, one-stop shop asset management services to the property owners and rental of self-owned properties); (ii) home living service operations (to meet the various needs of residents of the properties, including housing ecology, home improvement, new retail, home services, tourism and leisure, education and training, health and elderly care, automotive services, platform services, etc.); and (iii) commercial service operations (to meet the needs of business users).

For the six months ended 30 June 2024, revenue from the residents sub-segment constituted 10.1% (2023: 9.9%) of total revenue, and increased by 10.3% to RMB687.4 million (2023: RMB623.1 million).

VALUE-ADDED SERVICES TO NON-RESIDENTS

Value-added services to non-residents sub-segment cover engineering, vetting of building plans, facilities and equipment evaluation proposals, pre-delivery, move-in assistance, delivery inspection, engineering service quality monitoring and consulting services, etc. for property developers and other property management companies.

For the six months ended 30 June 2024, revenue from the non-residents sub-segmentwasRMB911.5 million, constituted 13.3%of total revenue.

CAR PARKING SPACES TRADING BUSINESS

Through acquiring unfettered rights and ability to control and coordinate the sales of the car parking spaces at the properties under the Group's management, the Group can create greater ease and value to the residents of such properties, and thereby enhance the Group's overall management of the amenities within such properties. This in turn also enable the Group to take advantage of its existing abundance of cash balance and increase the shareholders' value.

During the six months ended 30 June 2024, segment revenue from the car parking spaces trading business marginally increased by 1.1% to RMB73.5 million (2023: RMB72.7 million) from last period.

The Group adopts prudent financial policies, with effective financial and cash management under centralised supervision, and maintains appropriate leverage with adequate cash balances. As at 30 June 2024, net working capital amounted to RMB4,006.7 million (At 31 December 2023: RMB3,565.6 million).Bank balances and cash wasRMB5,005.3 million.

2024 is an important milestone for fulfilling the "14th Five-Year Strategic Plan" of the Group. As a top property management enterprise, COPL leveraged its resource endowment, brand advantages, economics of scale and long-term accumulated operating strengths, to reinforce its leading position. It will spearhead the demonstration of pursuing a synergistic balance of being "service-minded, result-oriented and scalability-based", and determine to promote "The China Overseas Proprietary Methodology in the Modernisation of Property Management" ("COPMPM") to consolidate the foundation of high-quality development and market orientation, and sets quadruple roles with serving a better life as the core objective. Firstly, as an explorer for city services, we combine various property management portfolios that are managed separately into an integrated service capability. Secondly, as a promotor for the development of the entire industry chain, we actively consolidate internal and external resources. Thirdly, as a guardian who safeguards a better living, we advocate renovations of old community buildings and supporting facilities, improve urban micro-space and stimulate residents' public service consumption. Fourthly, as a developer of co-construction, co-governance and co-usage, we build a community ecology with owners and a project commitment charter with suppliers. Entering into a new phase of industry development, the service targets of property management enterprises have been extended from small communities or neighbourhoods (being the basic units of urban construction) to large cities formed by countless basic units. We will vigorously develop the integrated operation of urban space, and co-exist with the logic of urban system. We will strive to become not only the manager of urban buildings, but also the operator of urban basic services and a dedicatedparticipant in upgrading urban services, with a view to promoting the unity of the three dynamics: the grassroots governance of the government, the management of owners' rights and interests, and the commercial behavior of enterprises.

AboutChina Overseas Property Holdings Limited

China Overseas Property Holdings Limited is a subsidiary of China Overseas Holdings Limited under China State Construction Engineering Corporation and an avant-garde in the property management industry in China with first-class qualifications. COPL started its property management services in Hong Kong in 1986, and have gained over 30 years of cultivation in Hong Kong and Macau, COPL set foot in the Mainland China market in 1991. On 23 October 2015, COPL was listed on the Main Board of the Stock Exchange of Hong Kong Limited (Stock Code: 2669.HK).

For further information, please contact:

China Overseas Property Holding Limited

Corporate Communication Department

Tel:(852) 2988 0600 | Email:copl.ir@cohl.com

Website:http://www.copl.com.hk