1H17 HIGHLIGHTS FINANCIAL REVIEW BUSINESS REVIEW APPENDIX

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1 COVER 1

2 AGENDA 1H17 HIGHLIGHTS FINANCIAL REVIEW BUSINESS REVIEW APPENDIX Highlights Financial Review Business Review Appendix CR Land Results 1H2017 2

3 1H17 HIGHLIGHTS Highlights Financial Review Business Review Appendix CR Land Results 1H2017 3

4 1H17 Results Highlights Further improved gross profit margin and DPS Revenue HK$35.3 bn 21.0% Rental income HK$4.0 bn 13.2% Core net profit HK$3.3 bn 48.1% Gross margin 34.9% 1.0 pt EPS HK73.8 cents 33.1% Interim DPS HK10.0 cents 8.7% Net gearing 41.5% 17.7 pt Contr. sales RMB63.2bn 13.8% *YoY performance CR Land Results 1H2017 4

5 FINANCIAL REVIEW Highlights Financial Review Business Review Appendix CR Land Results 1H2017 5

6 Income Statement Sustainable margin expansion (HK$ mn) 1H17 1H16 Change Turnover 35,259 44, % Development 29,087 39, % Investment Property 4,013 3, % Gross Profit 12,316 15, % Development 9,599 12, % Investment Property 2,498 2, % Gross Profit Margin 34.9% 33.9% 1.0pt Development 33.0% 32.5% 0.5pt Investment Property 62.3% 61.0% 1.3pt IP (excluding hotel) 70.2% 67.7% 2.5pt Attributable Net Profit 5,112 7, % Core Profit 3,253 6, % Core Net Profit Margin 9.2% 14.0% -4.8pt Net Profit Margin 14.5% 17.1% -2.6pt EPS - Basic (HK cents) % EPS - Fully Diluted (HK cents) % DPS (HK cents) % 16,000 14,000 12,000 10,000 8,000 6,000 4,000 2, Gross Profit (HK$ mn)/gp Margin 15,105 11,943 12, % 33.9% 32.2% 1H15 1H16 1H17 DPS (HK$ cents)/dps Growth Rate % 5.7% 2.4% 1H15 1H16 1H17 36% 35% 34% 33% 32% 31% 30% 10% 8% 6% 4% 2% 0% CR Land Results 1H2017 6

7 Balance Sheet Highlights Leverage flexible balance sheet to support sustainable growth (HK$ mn) 1H17 FY16 Change Cash and cash equivalents 45,176 46, % Total debt 105,754 79, % Net debt 60,578 33, % Total equity 146, , % Total capitalization 251, , % Total debt/ capitalization 42.0% 36.4% 5.6pt Net debt/ equity 41.5% 23.8% 17.7pt Total Debt / Capitalization Net Debt / Equity 50% 40% 41.0% 43.5% 36.8% 36.4% 42.0% 50% 40% 39.2% 38.7% 41.5% 30% 30% 22.6% 23.8% 20% 20% 10% 10% 0% 0% H H17 CR Land Results 1H2017 7

8 Balance Sheet Highlights Diversified financing channels supporting sector low funding cost Average funding cost lowered to 4.13%. Rating Agency CRL s Credit Rating Outlook BBB+ Stable Baa1 Stable BBB+ Stable AAA Stable (HK$ mn) 1H17 1H16 YoY Change Total Interest 2,362 2,205 7% Bank Charges % Less: Capitalisation (1,708) (1,779) -4% Exchange loss/ (gain) 884 (266) -432% Finance Costs on P/L 1, % 5.0% 4.5% 4.0% 3.5% 3.0% 2.5% 2.0% Average Funding Cost 4.63% 4.29% 4.23% 4.13% FY15 1H16 FY16 1H17 CR Land Results 1H2017 8

9 Debt Profile / Decomposition Optimized debt profile with reduced FX risk Debt Maturity Profile (HK$ mn) Total Debt Breakdown (HK$ mn) 30,000 25,000 20,000 15,000 10,000 5,000-8,026 19,867 14,953 6,500 7,924 7,453-5,098 3, ,491 4,295-3,491 3,490 3,535 1,636 2,469 1, ~ Onshore Offshore 5, % 90% 80% 70% 60% 50% 40% 30% 20% 10% 0% 70% 60% 50% 40% 30% 20% Bond 21,187 20% Bank Loans 84,567 80% Bank Loans vs. Bonds 64% Floating Rate 57,310 54% Fixed Rate 48,444 46% Fixed rate vs. Floating rate Non-RMB Percentage 46% 31% RMB 77,493 73% Non-RMB 28,261 27% Non-RMB vs. RMB 27% FY14 FY15 FY16 1H17 CR Land Results 1H2017 9

10 BUSINESS REVIEW Highlights Financial Review Business Review Appendix CR Land Results 1H

11 DP Revenue in 1H17 Unbalance delivery between 1H and 2H Development Revenue (HK$ mn) Revenue Breakdown by City Tier 120, ,000 80,000 60,000 40,000 20,000-94,019 98,727 81,759 64,818 39,153 32,827 24,985 29,087 12, % 80% 60% 40% 20% 0% 18% 14% 20% 18% 64% 70% 54% 64% 18% 16% 26% 18% H17 Tier 1 Tier 2 Tier 3 100% DP Revenue Split between 1H&2H 12,000 Booking ASP (RMB per sqm) 11,719 80% 60% 40% 20% 0% 81% 69% 65% 60% 19% 31% 35% 40% H 1H 11,500 11,000 10,500 10,000 9,500 10,902 10,790 10, H17 CR Land Results 1H

12 Contracted Sales in 1H17 Contracted Sales (RMB mn) Contracted Sales Breakdown by City Tier 120, ,000 85, , % 80% 18% 11% 11% 16% 80,000 60,000 40,000 20,000-66,306 69,210 55,571 63,219 33,787 37,000 25, % 40% 20% 0% 54% 52% 53% 64% 36% 37% 31% 18% H17 Tier 1 Tier 2 Tier 3 Contracted GFA (mn sqm) ASP (RMB per sqm) ,000 14,000 13,000 12,000 11,000 10,485 12,599 13,924 14, , H17 CR Land Results 1H

13 IP Business Overview Largest commercial IP portfolio in PRC among listed companies 120,000 IP Total Fair Value (HK$ mn) IP GFA Breakdown of by Asset Class (sqm mn) 100,000 24,486 80,000 17,180 22,524 16,754 Others 29% 60,000 25,982 40,000 20,000-72,370 72,617 73,528 81,785 53,258 FY14 FY15 FY16 16H 17H Hotel 7% Office 7% Commercial 57% Investment properties under construction Completed investment properties Commercial Office Hotel Others CR Land Results 1H

14 IP Overall Financial Review Fast growing recurrent income with margin expansion 8,000 6,000 4,000 2,000 0 IP Income and % of Total Revenue (HK$ mn) IP Gross Profit and % of Total GP (HK$ mn) 11.4% 12% 5, % 7.9% 10% 4, % 6.4% 6.6% 8% 14.3% 13% 3, % 12.3% 11.9% 6% 2,000 4% 16% 5,482 6,685 7,252 3,545 4,013 2% 1,000 3,398 3,986 4,398 2,162 2,498 0% H16 1H H16 1H17 25% 20% 15% 10% 5% 0% IP income IP income as % of total revenue IP GP IP GP as % of total GP Retail Sales (RMB mn) IP GP Margin 30,000 27,188 75% 71.5% 70.2% 25,000 70% 66.9% 67.7% 67.7% 20,909 33% 20,000 65% 16,101 16, % 62.3% 59.6% 60.6% 61.0% 15,000 12,256 60% 10,000 55% 5,000 50% 0 IP (Including Hotel) GP Margin IP (Excluding Hotel) GP Margin H16* 1H17* H16 1H17 *Exclude Shanghai Time Square CR Land Results 1H

15 IP Performance Shopping Mall Growing shopping mall portfolio with sector high occupancy Investment Properties Rental Income (RMB mn) Average Occupancy Rate (%) 1H17 1H16 YoY 1H17 1H16 Change Shenzhen Mixc % 99.2% 98.3% 0.9pt Hangzhou Mixc % 92.6% 94.6% -2.0pt Shenyang Mixc % 99.1% 93.8% 5.3pt Chengdu Mixc % 96.0% 96.1% -0.1pt Nanning Mixc % 99.5% 99.4% 0.1pt Zhengzhou Mixc % 80.5% 87.9% -7.4pt Chongqing Mixc % 92.0% 92.5% -0.5pt Wuxi Mixc % 85.2% 76.7% 8.5pt Qingdao Mixc % 90.8% 91.1% -0.3pt Hefei Mixc % 96.0% 92.6% 3.4pt Ganzhou Mixc % 96.2% 98.6% -2.4pt Wenzhou Mixc % 86.5% 81.6% 4.9pt Xi'an Xixian Mixc % - - Beijing Phoenix Plaza % 97.6% 98.4% -0.8pt Beijing Qinghe Hi % 99.4% 100.0% -0.6pt Hefei Shushan Hi % 100.0% 98.2% 1.8pt Ningbo Yuyao Hi % 96.1% 90.7% 5.4pt Shanghai Nanxiang Hi % 98.4% 99.4% -1.0pt Shandong Zibo Mixc One % 91.6% 90.0% 1.6pt Shenyang Tiexi Mixc One % 95.3% 88.4% 6.9pt Changsha Xingsha Mixc One % 98.4% 99.0% -0.6pt Shandong Rizhao Mixc One % - - Total / Average for Commercial 2,331 1,918 22% 94.2% 92.7% 1.5pt CR Land Results 1H

16 IP Financial Review for Malls Opened before the End of 2012 Improving efficiency = stronger operational and financial performance 7 Malls: 5 Mixc + 1 Mixc One + Beijing Phoenix Plaza. 1H17 1H16 YoY Change Total Rental Income (RMB mn) 1,480 1,309 13% Average Occupancy 97.6% 97.1% 0.5pt Yield on Cost 31.5% 28.8% 2.7pt Total Retail Sales (RMB mn) Shenzhen Mixc Hangzhou Mixc 10,227 Shenyang Mixc 8,055 Chengdu Mixc 27% Nanning Mixc Beijing Hi 5 CR Land Results 1H

17 IP Financial Review for Malls Opened in & after 2014 Ramping up new malls = big potential for growth 15 Malls: 8 Mixc + 7 Mixc One 1H17 1H16 YoY Change Total Rental Income (RMB mn) % Average Occupancy 92.5% 90.2% 2.3pt Yield on Cost 8.8% 8.6% 0.2pt Total Retail Sales (RMB mn) 6,078 4,201 45% Xi'an Xixian Mixc Performance on Opening Day 2017/4/21 Total Retail Sales (RMB mn) 6.02 Foot Traffic ('000) 176 Traffic Volume 3,000 Opening Rate 90% Xi an Xixian Mixc CR Land Results 1H

18 IP New Malls in Pipeline 2H Guilin Ningbo Shijiazhuang Shenzhen Qianhai Suzhou Shandong Linyi Hefei Luyang Harbin Jiangsu Kunshan Mixc 5 Mixc One 2018 Taiyuan Jinan Xiamen Guangxi Liuzhou Shenzhen Nanshan Nantong Chongqing Hangzhou Xiaoshan Mixc 2 Mixc One 2H17 Shanghai Jiangsu Taizhou Shenzhen Beijing Miyun Mixc 1 Mixc One 1H No. of malls Total GFA (mn sqm) CR Land Results 1H

19 Office & Hotel Financial Review Investment Properties Rental Income RMB mn Average Occupancy Rate % 1H17 1H16 % YoY 1H17 1H16 % YoY Beijing CR Building % 95.5% 96.1% -0.6pt Shenzhen CR Building % 99.8% 100.0% -0.2pt Shenyang CR Building % 91.6% 93.0% -1.4pt Chengdu CR Building % 86.1% 83.3% 2.8pt Nanning CR Building % 80.9% 80.0% 0.9pt Hangzhou CR Building % 66.4% 41.7% 24.7pt Shanghai Times Square Office % 79.2% 95.0% -15.7pt Beijing Phoenix Plaza Office % 94.4% 93.4% 1.0pt Beijing Hi5 Office % 100.0% 100.0% 0.0pt 20 Gresham Street Office % - - Shenzhen Grand Hyatt Hotel % 86.1% 74.1% 12.0pt Shimei Bay Le Meridien Hotel % 66.0% 64.1% 1.9pt Shenyang Grand Hyatt Hotel % 48.8% 40.4% 8.4pt Dalian Grand Hyatt Hotel % 47.3% 37.3% 9.9pt Xiaojing Bay Le Meridien Hotel % - - Zibo Sheraton Hotel % - - Hangzhou Park Hyatt % - - Total / Average for Office % 87.6% 85.9% 1.7pt Total / Average for Hotel % 58.0% 55.2% 2.9pt CR Land Results 1H

20 Land Bank Development Property as of 30 Jun mn sqm GFA vs mn sqm GFA as of 31 Dec 2016 DP Land Bank Breakdown by City Tier 25% 11% 12% 25% Tier 1 Tier 2 64% 63% Tier 3 1H17 FY16 Central China Region: 4.6 mn sqm, 11.4% Northeast China Region: 3.5 mn sqm, 8.5% West China Region: 7.9 mn sqm, 19.5% South China Region: 10.0mn sqm, 24.7% North China Region: 7.1 mn sqm, 17.6% East China Region: 7.3 mn sqm, 18.1% CR Land Results 1H

21 Land Bank Investment Property as of 30 Jun mn sqm GFA vs mn sqm GFA as of 31 Dec 2016 IP Land Bank Breakdown by City Tier 21% 28% 23% 26% Tier 1 Tier 2 51% 51% Tier 3 1H17 FY16 Central China Region: 0.45 mn sqm, 6.0% Northeast China Region: 0.38 mn sqm, 5.1% West China Region: 0.59 mn sqm, 7.9% South China Region: 2.49mn sqm, 33.4% North China Region: 1.99 mn sqm, 26.8% East China Region: 1.55 mn sqm, 20.7% CR Land Results 1H

22 APPENDIX Highlights Financial Review Business Review Appendix CR Land Results 1H

23 Booking of Development Property Revenue in 1H17 No. Projects Revenue (HK$ mn) GFA (sqm) ASP Booked (HK$/sqm) Total: 29,087 2,473,928 11,757 1 Beijing Huazhong Garden 62 2,882 21,536 2 Beijing Others 38 1,561 24,626 3 Beijing Park Land 98 2,770 35,390 4 Beijing Dream Bay ,864 5 Beijing Oak Bay 3,438 47,990 71,642 6 Qinhuangdao Oak Bay 28 3,602 7,836 7 Tianjin Oak Bay ,867 12,624 8 Zhengzhou City Crossing ,278 7,002 9 Tangshan Oak Bay ,199 9, Qingdao City Crossing ,406 25, Zibo Oak Bay ,608 7, Zibo Central Park 77 7,752 9, Zibo The Arch 17 2,067 8, Zibo Mixc One Apartment 35 4,097 8, Jinan Central Park ,325 11, Jinan CR City 2, ,831 8, Weihai City Crossing ,687 9, Yantai City Crossing 5 2,532 2, Rizhao City Crossing 30 5,256 5, Rizhao CR Plaza ,186 6,725 CR Land Results 1H

24 Booking of Development Property Revenue in 1H17 No. Projects Revenue (HK$ mn) GFA (sqm) ASP Booked (HK$/sqm) 21 Linyi City Crossing ,156 4, Shanghai Bound of Bund 962 9, , Shanghai Central Park ,431 15, Shanghai Oak Bay , Shanghai Eternal Palace 53 2,500 21, Changzhou Int'l Community ,773 6, Hangzhou Foothill Palace ,045 19, Hangzhou MIXc Residence 48 1,855 26, Nanjign Top Mansion , Nanjing Int'l Community 2, ,866 17, Nantong City Crossing ,017 6, Nantong Oak Bay ,778 9, Ningbo Central Park , Ningbo CR Plaza , Suzhou Int'l Community 63 8,905 7, Suzhou Oak Bay ,640 16, Suzhou The Arch 58 10,381 5, Suzhou The Bound of Kunyu ,878 22, Taizhou Int'l Community ,787 7, Wenzhou Top Mansion 108 7,400 14,622 CR Land Results 1H

25 Booking of Development Property Revenue in 1H17 No. Projects Revenue (HK$ mn) GFA (sqm) ASP Booked (HK$/sqm) 41 Wuxi CR Int'l Community ,375 7, Wuxi Top Mansion 53 3,032 17, Wuxi Oak Bay 72 14,955 4, Xuzhou Top Mansion 49 4,152 11, Xuzhou Oak Bay ,601 7, Yangzhou Oak Bay , Yancheng Oak Bay 19 3,167 5, Shenyang City Crossing 23 1,422 15, Shenyang The Arch , Shenyang CR Plaza 58 6,824 8, Shenyang Huanggu CR Plaza ,972 8, Shenyang Bound of Mukden 18 3,232 5, Shenyang Oak Bay ,833 5, Shenyang Park Lane Manor 15 2,255 6, Shenyang Central Park ,897 15, Harbin Fun Square , Harbin The Arch 16 3,656 4, Dalian Koala Community 16 2,980 5, Dalian Maritime 66 8,010 8, Dalian CR Plaza 1, ,629 13,678 CR Land Results 1H

26 Booking of Development Property Revenue in 1H17 No. Projects Revenue (HK$ mn) GFA (sqm) ASP Booked (HK$/sqm) 61 Dalian Oriental Xanadu 28 1,171 24, Changchun Oak Bay 32 3,398 9, Changchun The Arch ,383 9, Anshan Oak Bay 41 7,150 5, Anshan Park Lane Manor , Shen Zhen CR City , Shen Zhen Yinhu Blue Mountain , Huizhou Xiaojing Bay Garden 160 5,595 28, Nanning Park Lane Manor ,189 25, Liuzhou The Arch , Hainan Shimei Bay Palace ,625 24, Fuzhou Oak Bay 17 2,185 7, Xiamen Oak Bay 39 2,531 15, Chengdu Twenty-Four City ,346 15, Chengdu Ginkgo Park 10 2,800 3, Chengdu Oak Bay 72 25,381 2, Chengdu Phoenix City 26 8,164 3, Chengdu Jinyue Bay 97 4,666 20, Chengdu CR Int'l Community 63 4,696 13, Chengdu Emerald Forest 93 10,997 8,490 CR Land Results 1H

27 Booking of Development Property Revenue in 1H17 No. Projects Revenue (HK$ mn) GFA (sqm) ASP Booked (HK$/sqm) 81 Chengdu Triumphant Plaza 30 3,525 8, Chengdu Park Lane Manor 89 15,191 5, Chengdu Jade City ,420 9, Mianyang Central Park ,042 4, Xi'an Twenty-Four City 15 1,223 12, Xi'an Mixc Residential ,893 7, Guiyang CR Int'l Community ,356 5, Kunming Central Park ,977 7, Chongqing Twenty-Four City 1, ,682 11, Chongqing Central Park 42 15,300 2, Chongqing Triumphant Plaza ,838 7, Wuhan Oak Bay 37 4,354 8, Wuhan Central Park 13 1,755 7, Wuhan Palace Glorious 18 3,191 5, Wuhan Xanadu ,818 10, Wuhan Landmark Residence , Hefei Oak Bay 39 13,448 2, Hefei Xiyun Manor 30 6,783 4, Hefei Park Lane Manor 23 3,224 7, Hefei Xanadu ,136 10,171 CR Land Results 1H

28 Booking of Development Property Revenue in 1H17 No. Projects Revenue (HK$ mn) GFA (sqm) ASP Booked (HK$/sqm) 101 Hefei French Annecy , Hefei Palace Glorious , Hefei City Crossing 1, ,978 13, Changsha Phoenix City 40 8,948 4, Changsha CR Plaza ,129 8, Changsha Oak Bay 59 10,054 5, Nanchang Oak Bay , Ganzhou City Crossing ,414 9, Car Park Commercial 125 3,849 32,487 CR Land Results 1H

29 Contracted Sales in 1H17 No. Project Gross Sales in 1H17 (RMB mn) Gross GFA Sold (sqm) ASP in 1H17 (RMB/sqm) ASP in 1H16 (RMB/sqm) Change Total 63,218 4,367,625 14,474 13,973 4% Attributable 54,886 3,889,331 0% North China Region 13, ,368 16,284 16,565-2% 1 Beijing Oak Bay 764 9,890 77,290 73,460 5% 2 Beijing Positano Vita ,826 38,943 30,296 29% 3 Beijing Park Land 112 3,266 34,161 40,736-16% 4 Beijing Others ,619 11,595-26% 5 Beijing Miyun Oak Bay 90 4,088 22,033 19,626 12% 6 Beijing Dream Bay 1,379 37,407 36,869 33,269 11% 7 Beijing Crown Land 24 1,140 20,629 21,090-2% 8 Beijing CR City 2,286 30,996 73,763 30, % 9 Jinan Central Park 1, ,354 12,409 10,885 14% 10 Jinan City Crossing 1,002 74,611 13,436 13,747-2% 11 Qingdao City Crossing 1,320 54,878 24,048 25,100-4% 12 Shijiazhuang City Crossing 1,034 64,618 16,000 12,632 27% 13 Tianjing Oak Bay ,863 14,474 10,898 33% 14 Taiyuan Park Lane Manor ,773 10,799 10,173 6% 15 Taiyuan City Crossing 1, ,861 10,936 9,050 21% 16 Zibo The Arch 35 4,156 8,519 5,141 66% 17 Zhengzhou City Crossing ,648 9,504 13,801-31% 18 Rizhao City Crossing 70 12,634 5,544 7,267-24% 19 Linyi City Crossing ,320 4,647 5,167-10% 20 Rizhao CR Plaza ,731 5,563 6,590-16% CR Land Results 1H

30 Contracted Sales in 1H17 No. Project Gross Sales in 1H17 (RMB mn) Gross GFA Sold (sqm) ASP in 1H17 (RMB/sqm) ASP in 1H16 (RMB/sqm) Change 21 Weihai City Crossing ,874 8,763 8,474 3% 22 Yantai City Crossing ,235 8,963 7,788 15% 23 East China Region 13, ,057 15,911 15,884 0% 24 Changzhou Int'l Community 1, ,434 8,932 7,884 13% 25 Hangzhou Foothill Palace ,954 21,222 19,091 11% 26 Hangzhou MIXc Residence ,347 14,488 12,329 18% 27 Ningbo Tuscany Lake Valley 101 5,066 19,864 16,314 22% 28 Ningbo Top Mansion ,646 28, Nanjing Top Mansion 187 4,448 42,072 30,539 38% 30 Nanjing Int'l Community 111 2,621 42,448 24,168 76% 31 Nanjing Park Lane Manor ,819 19,419 17,766 9% 32 Nantong City Crossing ,449 10,248 7,332 40% 33 Nantong Oak Bay 66 12,210 5,405 6,761-20% 34 Shanghai Jing'an Prime Land 1,570 17,360 90,455 85,607 6% 35 Shanghai The Bound of Bund 947 9,761 96,981 84,387 15% 36 Shanghai Oak Bay ,537 31,074 27% 37 Shanghai Central Park ,031 15,037 38,728-61% 38 Shanghai Eternal Palace 156 4,902 31,798 28,139 13% 39 Shanghai Mixc Residential ,212 23,962 35,775-33% 40 Suzhou Oak Bay ,729 15,970 14,582 10% CR Land Results 1H

31 Contracted Sales in 1H17 No. Project Gross Sales in 1H17 (RMB mn) Gross GFA Sold (sqm) ASP in 1H17 (RMB/sqm) ASP in 1H16 (RMB/sqm) Change 41 Suzhou The Bound of Kunyu ,227 23,535 20,216 16% 42 Suzhou Int'l Community ,517 18,381 14,958 23% 43 Suzhou The Arch 51 10,107 5,074 14,575-65% 44 Suzhou Jinyue Bay 176 7,710 22,831 23,968-5% 45 Suzhou Red Oak Mansion ,097 17,994 16,806 7% 46 Taizhou Int'l Community ,035 7,360 3,820 93% 47 Wuxi CR Int'l Community ,581 12,709 10,184 25% 48 Wuxi Top Mansion 57 3,166 17,987 13,214 36% 49 Wuxi Oak Bay ,114 8,944 7,649 17% 50 Xuzhou Top Mansion ,372 10,022 10,029 0% 51 Xuzhou Oak Bay ,982 9,548 7,265 31% 52 Xuzhou The Arch ,676 10,469 8,393 25% 53 Yancheng Oak Bay 12 4,583 2,717 5,420-50% 54 South China Region 15, ,664 29,148 27,195 7% 55 Fuzhou Oak Bay 56 8,225 6,762 10,777-37% 56 Fuzhou Mixc Residential 62 2,872 21,625 18,484 17% 57 Fuzhou Palace Glorious ,956 16,135 14,810 9% 58 Guilin Central Park ,410 7,003 6,516 7% 59 Guangzhou Tianhe 2,467 57,101 43,198 39,507 9% 60 Hainan Shimei Bay Palace ,949 23,767 15,552 53% CR Land Results 1H

32 Contracted Sales in 1H17 No. Project Gross Sales in 1H17 (RMB mn) Gross GFA Sold (sqm) ASP in 1H17 (RMB/sqm) ASP in 1H16 (RMB/sqm) Change 61 Haikou City Crossing 1,473 93,392 15, Liuzhou The Arch ,100 9,694 9,013 8% 63 Shantou City Crossing ,578 17,951 15,320 17% 64 Shen Zhen CR City 2,616 30,537 85,668 65,284 31% 65 Shen Zhen Bay Top Mansion 3,871 26, , ,828 23% 66 Shen Zhen Yinhu Blue Mountain 1,079 14,271 75,625 68,899 10% 67 Huizhou Xiaojing Bay Garden 237 9,021 26,236 12, % 68 Xiamen Oak Bay 69 5,192 13,231 13,902-5% 69 Nanning City Crossing ,292 13,716 22,369-39% 70 Nanning Twenty-Four City ,304 6,397 7,432-14% 71 West China Region 8, ,912 9,499 8,137 17% 72 Chengdu Jinyue Bay 1,196 72,516 16,494 15,415 7% 73 Chengdu Jade City ,645 11,997 8,998 33% 74 Chengdu Twenty-Four City 1,171 99,652 11,754 9,343 26% 75 Chengdu Emerald Forest 95 10,953 8,681 7,522 15% 76 Chengdu Triumphant Plaza 24 3,382 7,238 10,286-30% 77 Chengdu CR Int'l Community ,203 8,710 5,913 47% 78 Chengdu Park Land ,359 7,223 6,188 17% 79 Chengdu Time Lane , Chongqing Twenty-Four City 1, ,013 13,121 10,562 24% CR Land Results 1H

33 Contracted Sales in 1H17 No. Project Gross Sales in 1H17 (RMB mn) Gross GFA Sold (sqm) ASP in 1H17 (RMB/sqm) ASP in 1H16 (RMB/sqm) Change 81 Chongqing Central Park 36 12,224 2,953 5,757-49% 82 Chongqing The Arch ,564 7,665 7,006 9% 83 Chongqing City Crossing ,728 11, Guiyang CR Int'l Community ,443 8,651 6,778 28% 85 Kunming Central Park ,485 7,269 7,423-2% 86 Mianyang Central Park ,791 5,190 4,653 12% 87 Xi'an Twenty-Four City ,061 7,366 6,016 22% 88 Xi'an Mixc Residential ,854 7,058 7,688-8% 89 Northeast Region 3, ,209 8,970 8,716 3% 90 Dalian Maritime ,438 10,504 11,552-9% 91 Dalian Oriental Xanadu 52 3,286 15,863 22,112-28% 92 Dalian CR Plaza ,017 8,533 11,463-26% 93 Shenyang City Crossing 139 4,290 32,378 16,466 97% 94 Shenyang Park Lane Manor ,130 8,445 10,662-21% 95 Shenyang Huanggu CR Plaza 94 10,147 9,229 8,904 4% 96 Shenyang Twenty-Four City ,601 7,046 7,079 0% 97 Shenyang Crown Land ,177 10,493 9,211 14% 98 Anshan Park Lane Manor ,123 5,875 5,612 5% 99 Central China Region 4, ,678 10,658 7,766 37% 100 Hefei City Crossing ,847 11,637 11,757-1% CR Land Results 1H

34 Contracted Sales in 1H17 No. Project Gross Sales in 1H17 (RMB mn) Gross GFA Sold (sqm) ASP in 1H17 (RMB/sqm) ASP in 1H16 (RMB/sqm) Change 101 Hefei Oak Bay 26 13,472 1,966 4,137-52% 102 Hefei Palace Glorious 17 6,324 2,760 4,937-44% 103 Hefei Xanadu ,225 17,753 10,448 70% 104 Changsha Oak Bay 30 7,707 3,873 5,704-32% 105 Changsha CR Plaza ,014 7,654 5,550 38% 106 Nanchang Palace Glorious ,470 9, Nanchang The Arch 80 3,535 22,642 9, % 108 Wuhan Xanadu ,088 9, Wuhan Palace Glorious 12 5,174 2,231 4,105-46% 110 Wuhan Jade City 2, ,210 12,460 10,572 18% 111 Ganzhou City Crossing ,612 9,349 7,166 30% 112 Others 3, ,491 8,046 8,697-7% 113 Car Park Commercial 144 4,246 33,798 23,263 45% *Others:41 old projects with the stock less than 20,000sqm were group into Others. Region total subtract these projects. CR Land Results 1H

35 Land Acquisition in 1H17 No. Month City Project Interest Total GFA Land Attributable AV Premium Land Premium (Rmb/sqm) (%) (sqm) (RMB mn) (RMB mn) 1 Jan Harbin Xiang Fang District No.8 Project 100% 72, ,582 2 Feb Changsha Yuhua District Project 100% 113, ,154 3 Feb Zhengzhou Huiji District No.248 Project 100% 42, ,952 4 Feb Shenyang Tiexi District Medicine Factory Project 100% 242,684 1,558 1,558 6,420 5 Mar Nanjing Jianye District Yuzui Plot 4% 864,000 7, ,495 6 Mar Jinan Lixia District CBD Project 89% 974,298 4,530 4,032 4,650 7 Mar Tianjin Beichen District Tianchong Project 100% 108,700 1,900 1,900 17,479 8 Mar Tangshan Fenghuang New City Plot A % 166, ,455 9 Mar Tangshan Fenghuang New City Plot B 100% 150, , Mar Hefei Xinzhan District Dongfang Road Project 100% 190,300 1,474 1,474 7, Mar Hefei Xinzhan District Dazhong Road Project 100% 164,400 1,294 1,294 7, Mar Beijing Chaoyang District Jinzhan CBD Plot603 34% 92,332 2, , Mar Tangshan Lunan District Nanxin Road Project 100% 95, , Apr Lanzhou Hi-Tech District Qilihe Park Project 100% 353,309 1,592 1,592 4, May Chongqing Beibei District I Section Project 100% 231, , May Ganzhou Hetao Old District Wenfeng Road Project 100% 59, , May Beijing Lize CBD D07/08 Project 25% 160,000 4,340 1,085 27, May Nanning Xixiang Tang District Project 100% 412,100 1,434 1,434 3, May Hong Kong NOS.1,2,3 and 4 Chancery Lane, Central 100% 4, , May Xuzhou Quanshan District Residential Project 100% 301,600 2,167 2,167 7, June Guangzhou Guanggang New City Project % 186,033 4, , June Nanchang Honggutan District Zaoshan Road Project 21% 180, , June Chongqing Ba nan District Lijiatuo G Plot 100% 427,467 1,924 1,924 4, June Hangzhou Xiaoshan District Olympic Center Project 100% 177,617 1,596 1,596 8,986 Total: 5,772,301 43,652 27,458 7,562 CR Land Results 1H

36 Land Bank for DP as of 30 June 2017 No. Project Residential GFA (sqm) Interest Attributable GFA(sqm) Total 40,405,408 n/a 34,968,705 1 North China Region 7,117,520 n/a 6,134,750 2 Beijing Miyun Oak Bay 58,560 97% 56,997 3 Beijing Positano Vita 85, % 85,060 4 Beijing CR City 171,983 33% 56,754 5 Beijing Future Tech City Project 383,768 60% 230,261 6 Beijing Oak Bay 65,391 99% 64,447 7 Beijing Fengtai Yalin East Project 213,186 24% 51,165 8 Beijing Crown Land 104,359 26% 27,133 9 Beijing Chaoyang Jinzhan 608 Project 92,332 34% 92, Jinan CBD Project 787,408 89% 700, Jinan CR City 141, % 141, Jinan City Crossing 237, % 237, Linyi City Crossing 446, % 446, Qingdao City Crossing 253,844 97% 247, Qingdao Liaoyang Road Project 598,695 65% 389, Rizhao City Crossing 111, % 111, Rizhao CR Plaza 56, % 56, Shijiazhuang City Crossing 76, % 76, Taiyuan City Crossing 634, % 634, Taiyuan Normal University Project 582, % 582,047 CR Land Results 1H

37 Land Bank for DP as of 30 June 2017 No. Project Residential GFA (sqm) Interest Attributable GFA(sqm) 21 Taiyuan Park Lane Manor 209,656 50% 104, Tangshan Phoenix New City East Project 192, % 192, Tangshan Phoenix New City West Project 215, % 215, Tangshan Oak Bay 101, % 101, Tangshan Nanxin Road Project 93, % 31, Tianjin Oak Bay 345,564 99% 345, Tian Beichen Gaofeng Road Project 107, % 107, Weihai Bay 225, % 225, Yantai City Crossing 28, % 28, Zhengzhou 248 Plot Project 53, % 53, Zhengzhou City Crossing 123,373 n/a 123, Zhengzhou Economic Development Zone Project 157, % 157, Zibo City Crossing 48, % 48, Zibo Oak Bay 27, % 27, East China Region 7,310,027 n/a 5,459, Changzhou Int'l Community 541, % 541, Hangzhou MIXc Residence 31, % 31, Hangzhou Olympic Exhibition Centre Project 177, % 177, Hangzhou Centre Project 45,400 45% 20, Nanjing Int'l Community 546,814 60% 328,088 CR Land Results 1H

38 Land Bank for DP as of 30 June 2017 No. Project Residential GFA (sqm) Interest Attributable GFA(sqm) 41 Nanjing Park Lane Manor 55, % 55, Nanjing Jianye District Project 560,000 4% 22, Nantong City Crossing 230,624 55% 126, Nantong Oak Bay 34, % 34, Ningbo Eastern New City Project 100, % 100, Ningbo Ouchi Station Project 113,712 51% 57, Ningbo Wantou Project 255,200 33% 84, Shanghai Eternal Palace 36, % 36, Shanghai Tangqiao Project 185,200 30% 55, Shanghai The Bound of Bund 24, % 24, Shanghai Mixc Residential 88,444 50% 44, Shanghai Oak Bay 32, % 32, Shanghai Jing'an Prime Land(10#) 141,100 50% 70, Shanghai Jing'an Prime Land(9#) 221,272 50% 110, Shanghai Central Park 188, % 188, Shanghai Su River Bay 82,000 50% 41, Suzhou Red Oak Mansion 24, % 24, Suzhou Jinyue Bay 175, % 175, Suzhou Kunshan CR Int'l Community 102,979 51% 52, Suzhou Ludang Road Project 355, % 355,700 CR Land Results 1H

39 Land Bank for DP as of 30 June 2017 No. Project Residential GFA (sqm) Interest Attributable GFA(sqm) 61 Suzhou Wujiang The Arch 314,252 50% 157, Suzhou Oak Bay 57, % 57, Suzhou Chang an Road Project 94, % 94, Taizhou CR Int'l Community 341, % 341, Wenzhou Binjiang Project 119, % 119, Wuxi Taihu CR Int'l Community 119,800 60% 71, Wuxi Oak Bay 350, % 350, Wuxi IKEA East Project 401, % 401, Wuxi Top Mansion 156, % 156, Xuzhou The Arch 138,575 50% 69, Xuzhou Oak Bay 158, % 158, Xuzhou Top Mansion 75, % 75, Yancheng Oak Bay 127, % 127, Yangzhou Oak Bay 39,114 n/a 39, Xuzhou Quanshan District Xinxin North Road Project 377, % 377, South China Region 9,960,809 n/a 8,166, Foshan The Light of New City 401,258 35% 140, Foshan New City Tengchong Village 332,982 35% 332, Fuzhou Honglu Project 380, % 380, Fuzhou B&Q Project 312,022 70% 218,415 CR Land Results 1H

40 Land Bank for DP as of 30 June 2017 No. Project Residential GFA (sqm) Interest Attributable GFA(sqm) 81 Fuzhou Mixc Residential 479, % 479, Fuzhou Oak Bay 96, % 96, Fuzhou Palace Glorious 117, % 117, Guangzhou Tianhe 163,897 60% 163, Guangzhou Huijin Center 374,549 33% 124, Guangzhou Suihua Project 276,070 17% 45, Guangzhou CM Top Mansion 189,951 33% 62, Guangzhou Guanggang New City 218 Project 186,033 17% 31, Guilin City Crossing 355, % 355, Haikou Longhua District Project 648, % 648, Hainan Shimei Bay Palace 770, % 770, Huizhou Xiaojing Bay Garden 1,364,749 65% 887, Liuzhou City Crossing 332, % 332, Nanning Twenty-Four City 123,494 51% 62, Nanning City Crossing 143,169 55% 143, Nanning Zhongshan Road Project 232,446 50% 232, Nanning Xixiangtang District Nanmian Project 412, % 412, Xiamen Oak Bay 34, % 34, Shantou Ocean Bay 293, % 293, Shantou City Crossing 214,376 51% 109,332 CR Land Results 1H

41 Land Bank for DP as of 30 June 2017 No. Project Residential GFA (sqm) Interest Attributable GFA(sqm) 101 Shenzhen CR City 682, % 682, Shenzhen Qianhai City Crossing 225,955 50% 225, Shenzhen Bay Top Mansion 115,675 n/a 115, Shenzhen Yinhu Blue Mountain 50, % 15, Zhuhai Henqin Mixc World 649,045 30% 649, West China Region 7,876,933 n/a 7,694, Chengdu Emerald Forest 82, % 82, Chengdu Twenty-Four City 614, % 614, Chengdu Pheonix City 20, % 20, Chengdu Park Land 372,512 51% 189, Chengdu CR Int'l Community 467, % 467, Chengdu Jinyue Bay 186, % 186, Chengdu Triumphant Plaza 41, % 41, Chengdu Oak Bay 52, % 52, Chengdu Park Lane Manor 30, % 30, Guiyang CR Int'l Community 1,029, % 1,029, Kunming Wuliduo Project 355, % 355, Kunming Central Park 44, % 44, Mianyang Central Park 277, % 277, Chongqing Twenty-Four City 502, % 502,500 CR Land Results 1H

42 Land Bank for DP as of 30 June 2017 No. Project Residential GFA (sqm) Interest Attributable GFA(sqm) 121 Chongqing Triumphal Plaza 64, % 64, Chongqing Mixc One 386, % 386, Chongqing Central Park 42, % 42, Chengdu City Crossing 41, % 41, Chengdu Time Lane 193, % 193, Chengdu Longwan Mansion 152, % 152, Chongqing Liangjiang New District Project 729, % 729, Chongqing Beibei District Project 310, % 310, Chongqing Banan District Project 555, % 555, Xi'an Twenty-Four City 857, % 857, Lanzhou Hi-tech District Project 450, % 450, Northeast Region 3,453,027 n/a 3,387, Anshan Park Lane Manor 162, % 162, Dalian Twenty-Four City 717, % 717, Dalian Maritime 143, % 143, Dalian Kaola Community 24,199 60% 14, Dalian CR Plaza 105,695 60% 63, Dalian Jinyue Bay 170, % 170, Harbin Palace Glorious 85, % 85, Harbin Central Park 247, % 247,745 CR Land Results 1H

43 Land Bank for DP as of 30 June 2017 No. Project Residential GFA (sqm) Interest Attributable GFA(sqm) 141 Shenyang Twenty-Four City 465, % 465, Shenyang Huanggu CR Plaza 121, % 121, Shenyang Oak Bay 42, % 42, Shenyang Park Lane Manor 55, % 55, Shenyang Crown Land 152, % 152, Shenyang Jade City 208,700 n/a 208, Shenyang Tiexi District Project 243, % 243, Changchun Palace Glorious 264, % 264, Changchun Park Mansion 149, % 149, Central China Region 4,596,898 n/a 4,067, Ganzhou City North Project 349, % 349, Ganzhou City Crossing 131,074 55% 72, Ganzhou Oak Mansion 67, % 67, Hefei City Crossing 105, % 105, Hefei Xanadu 159, % 159, Hefei Palace Glorious 40, % 40, Hefei Oak Bay 29, % 29, Hefei Park Lane Manor 566, % 566, Nanchang Palace Glorious 138, % 138, Nanchang Gezaoshan Project 180,840 21% 138,694 CR Land Results 1H

44 Land Bank for DP as of 30 June 2017 No. Project Residential GFA (sqm) Interest Attributable GFA(sqm) 161 Wuhan Jade City 550, % 550, Wuhan City Crossing 245,294 51% 125, Wuhan Xanadu 60,059 51% 30, Wuhan Kunyu Mansion 696,699 60% 418, Wuhan Palace Glorious 50, % 50, Wuhan Jade Centre 358, % 358, Changsha Pheonix City 38, % 38, Changsha Shuguang South Project 137, % 137, Changsha Oak Bay 24, % 24, Changsha Landmark Residence 264, % 264, Changsha Leifeng East Project 333, % 333, Car Park Commercial 90,194 n/a 58, Others 345, % 310,954 *Others:40 old projects with the stock less than 20,000sqm were group into Others. CR Land Results 1H

45 Schedule for Bookable Area in Bookable Area (sqm) No. Project 2017E 2018E 2019E 1 Beijing Phoenix Plaza - 22,938-2 Beijing Park Land 3, Beijing CR Hotel - 71,996-4 Beijing Dream Bay 79, Beijing Manor Eight 32, Beijing Lidu No.10 Project - 84,054-7 Beijing Miyun Oak Bay 239,235 56,931-8 Beijing Positano Vita 19, ,890 9 Beijing CR City - 169, Beijing Future Tech City Project , Beijing Oak Bay 131,922 26,601 16, Beijing Yalin West - 37, Jinan CR City 638, , Jinan City Crossing - 659, Linyi City Crossing - 50, , Qingdao City Crossing 122, Rizhao City Crossing 26, Rizhao CR Plaza 123, Shijiazhuang City Crossing - 440, Taiyuan City Crossing 386, , ,737 CR Land Results 1H

46 Schedule for Bookable Area in Bookable Area (sqm) No. Project 2017E 2018E 2019E 21 Taiyuan Park Lane Manor , Taiyuan Normal University Project , Tangshan Qinglong Road Project , Tangshan Oak Bay , Tianjin Oak Bay 133, , , Weihai Bay Palace 17, ,405 77, Yantai City Crossing 27,196 45, Zhengzhou City Crossing 24,444 20,177 55, Zhengzhou Jingkai Project , Zibo City Crossing - 29, Zibo Oak Bay 26, , Zibo Central Park 6,647 59,895 4, North China Region 2,039,365 2,836,576 1,875, Changzhou Int'l Community 245,867 10, , Hangzhou Mixc One - 320, Kunshan Int'l Community - 369,140 21, Nanjing Int'l Community 202, , , Nanjing Park Lane Manor 133,480 88, Nanjing Top Mansion 43,560 5, Nanjing CR Int'l Community 49, , CR Land Results 1H

47 Schedule for Bookable Area in Bookable Area (sqm) No. Project 2017E 2018E 2019E 41 Nantong Oak Bay - 7, Ningbo Tuscany Lake Valley 42, Ningbo Wantou Project , Ningbo MIXc , Ningbo MIXc Manor 48, Shanghai Jing'an Prime Land - 127, , Shanghai Eternal Palace 43, Shanghai MIXc 219, Suzhou Red Oak Mansion 134, Suzhou Jinyue Bay 105, ,430 68, Suzhou The Arch 161, , Suzhou Ludang Project , Suzhou Oak Bay , Suzhou Chang'an Project , Taizhou CR Int'l Community 215, , Wuxi Taihu Int'l Community 2, Wuxi Oak Bay 78,320 64,471 91, Wuxi IKEA East Project - 117, , Wuxi Top Mansion - 20,705 12, Xuzhou The Arch 27,034-37,943 CR Land Results 1H

48 Schedule for Bookable Area in Bookable Area (sqm) No. Project 2017E 2018E 2019E 61 Xuzhou Oak Bay 235, ,316 48, Xuzhou Yunlong Lake Palace - 51, Yancheng Oak Bay 9,957-90, Yangzhou Oak Bay 3, East China Region 2,002,369 1,832,042 2,206, Fuzhou City Crossing 51,172 16,480 64, Fuzhou Oak Bay - 4,554 1, Fuzhou Palace Glorious - 68, Guangzhou Tianhe Project 86, Guilin City Crossing 107,488 94, , Haikou City Crossing , Hainan Shimei Bay Palace 25,228 16,324 89, Liuzhou City Crossing - 195, , Liuzhou The Arch 42, , Nanning Twenty-Four City 241, , Nanning City Crossing 13, Nanning Nanmian Project , Xiamen City Crossing 100, ,914 49, Xiamen Oak Bay 77, Shantou Ocean Bay ,645 CR Land Results 1H

49 Schedule for Bookable Area in Bookable Area (sqm) No. Project 2017E 2018E 2019E 81 Shantou City Crossing - 230, Shenzhen CR City 461, ,278 88, Shenzhen Qianhai Project - 125,709 61, Shenzhen Bay Top Mansion - 502, , Huizhou Xiaojing Bay Project , Shenzhen Blue Mountain 176,675 38, Zhuhai Hengqin Mixc World , South China Region 1,383,602 2,316,738 2,068, Chengdu Twenty-Four City - 374, , Chengdu Jade City 3, Chengdu Park Land - 269, Chengdu CR Int'l Community , Chengdu Jinyue Bay - 155,715 85, Chengdu Mulong Bay , Chengdu Zhonghe Project , Guiyang CR Int'l Community 295, , Mianyan Central Park - 160, , Xi'an Twenty-Four City 519, , , Chongqing Twenty-Four City 159, , Chongqing The Arch 217, CR Land Results 1H

50 Schedule for Bookable Area in Bookable Area (sqm) No. Project 2017E 2018E 2019E 101 Chongqing Mixc One , Chongqing Central Park 15, West China Region 1,211,064 1,622,725 2,118, Anshan Oak Bay 2,654 22, Anshan Park Lane Manor 61, , Dalian Mountain Land , Dalian Twenty-Four City - 97, , Dalian Maritime 16, , , Dalian Kaola Community 136, Dalian Oriental Xanadu 20, Dalian CR Plaza 179,668-59, Harbin Fun Square , Harbin The Arch 102, Harbin Songjiang Garden - 168,582 81, Shenyang The Bound of Mukden 99, Shenyang Twenty-Four City - 287, , Shenyang City Crossing 4, Shenyang Huanggu CR Plaza 185,474 2, Shenyang Qingchengshan Project , Shenyang Crown Land ,382 CR Land Results 1H

51 Schedule for Bookable Area in No. Project Bookable Area (sqm) 2017E 2018E 2019E 121 Shenyang Oak Bay 123, Shenyang Park Lane Manor 67,416-57, Shenyang Central Park 73, Changchun Juye Street Project - 100,119 74, Changchun The Arch 61, Changchun Qianjin Street Project , Changchun Oak Bay - 50, Northeast Region 1,133, ,778 1,791, Ganzhou City Crossing 136, , Hefei City Crossing 340,209-65, Hefei Xanadu 296, Hefei Oak Bay , Nanchang The Arch 153, Nanchang Oak Bay Nanchang Palace Glorious - 48, , Wuhan Jade City - 339, Wuhan Wulidun Project , Wuhan Xanadu 107, Changsha Landmark Residence 139, , Central China Region 1,174, , , Tianjin Juhehua Car Park 4,108 3, Car Parks Commercial 4,108 3,424 - Total 8,948,594 10,384,698 10,762,756 CR Land Results 1H

52 IP in Operation as of 30 June 2017 No. Project Asset Type GFA(sqm) Interest Attributable GFA(sqm) 1 Shenzhen Mixc 323, % 323,748 The Mixc Commercial 159, ,585 Shenzhen CR Building Office 40,990 40,990 Grand Hyatt Hotel Hotel 67,506 67,506 Car Park Car Park 55,667 55,667 2 Hangzhou Mixc 298,103 60% 178,862 The Mixc Commercial 189, ,720 Hangzhou CR Building Office 36,688 22,013 Car Park Car Park 71,881 43,129 3 Shenyang Mixc 362, % 362,945 The Mixc Commercial 173, ,863 Shenyang CR Building Office 55,500 55,500 Car Park Car Park 76,542 76,542 Grand Hyatt Hotel Hotel 57,040 57,040 4 Chengdu Mixc 312, % 312,260 The Mixc Commercial 152, ,098 Chengdu CR Building Office 73,660 73,660 Car Park Car Park 86,502 86,502 CR Land Results 1H

53 IP in Operation as of 30 June 2017 No. Project Asset Type GFA(sqm) Interest Attributable GFA(sqm) 5 Nanning Mixc 206,092 55% 113,351 The Mixc Commercial 136,092 74,851 Car Park Car Park 70,000 38,500 6 Zhengzhou Mixc 162, % 162,553 The Mixc Commercial 117, ,212 Car Park Car Park 45,341 45,341 7 Chongqing Mixc 348, % 348,484 The Mixc Commercial 213, ,324 Car Park Car Park 135, ,160 8 Wuxi Mixc 263,824 60% 158,294 The Mixc Commercial 193, ,294 Car Park Car Park 70,000 42,000 9 Qingdao Mixc 362,945 97% 353,254 The Mixc Commercial 264, ,190 Car Park Car Park 98,700 96, Ganzhou Mixc 182,900 55% 100,595 The Mixc Commercial 139,900 76,945 Car Park Car Park 43,000 23, Hefei Mixc 322, % 322,362 The Mixc Commercial 198, ,074 Car Park Car Park 124, ,288 CR Land Results 1H

54 IP in Operation as of 30 June 2017 No. Project Asset Type GFA(sqm) Interest Attributable GFA(sqm) 12 Wenzhou Mixc 250,019 51% 127,509 The Mixc Commercial 155,893 79,505 Car Park Car Park 94,126 48, Xi'an Mixc 164, % 164,003 The Mixc Commercial 105, ,503 Car Park Car Park 58,500 58, Shanghai Times Square 97, % 97,139 Commercial Commercial 51,190 51,190 Office Office 36,843 36,843 Car Park Car Park 9,106 9, Beijing Qinghe Hi5 198,400 99% 195,698 Commercial Commercial 115, ,322 Office Office 13,000 12,823 Car Park Car Park 69,500 68, Beijing Phoenix Plaza 131,350 97% 127,843 Commercial Commercial 37,122 36,131 Office Office 80,986 78,824 Car Park Car Park 13,242 12, Ningbo Yuyao Hi5 137, % 137,043 Hi5 Commercial 83,221 83,221 Car Park Car Park 53,822 53,822 CR Land Results 1H

55 IP in Operation as of 30 June 2017 No. Project Asset Type GFA(sqm) Interest Attributable GFA(sqm) 17 Hefei Shushan Hi5 80, % 80,288 Hi5 Commercial 48,096 48,096 Car Park Car Park 32,192 32, Shanghai Nanxiang Hi5 40, % 40,070 Hi5 Commercial 26,078 26,078 Car Park Car Park 13,992 13, Zibo Mixc One 259, % 259,908 Mixc One Commercial 154, ,805 Car Park Car Park 105, , Shenyang Tiexi Mixc One 242, % 242,735 Mixc One Commercial 154, ,401 Car Park Car Park 88,334 88, Changsha Xingsha Mixc One 73, % 73,139 Mixc One Commercial 50,539 50,539 Car Park Car Park 22,600 22, Rizhao Mixc One 137, % 137,697 Mixc One Commercial 94,354 94,354 Car Park Car Park 43,343 43,343 CR Land Results 1H

56 IP in Operation as of 30 June 2017 No. Project Asset Type GFA(sqm) Interest Attributable GFA(sqm) 23 Beijing 365 plus Hi5 Commercial 36, % 36, Beijing CR Building Office 65, % 65, Shenzhen Huarui Building Commercial 13, % 13, Shimei Bay Le Meridien Hotel Hotel 41, % 41, Dalian Grand Hyatt Hotel 80,133 55% 44,073 Hotel Hotel 59,237 32,580 Car Park Car Park 20,896 11, Huizhou Le Meridien Hotel 66,712 65% 43,363 Hotel Hotel 62,703 40,757 Car Park Car Park 4,009 2, Zibo Sheraton Hotel Hotel 42, % 42, Hangzhou Park Hyatt Hotel Hotel 46,030 60% 27, London 20 Gresham Street Office 22, % 22, Car Parks Commercial Car Park 93, % 93, Beijing Others 268, %~97.3% 177,485 Total 5,735,377 % of Total 5,028,327 Comprising: Commercial 3,294,246 58% 2,840,730 Office 429,602 7% 412,477 Hotel 377,151 7% 310,136 Others 1,634,378 28% 1,464,985 CR Land Results 1H

57 Land Bank for IP as of 30 June 2017 No. Project Asset Type GFA(sqm) Interest Attributable GFA(Sqm) 1 North China Region 1,993,492-1,753,784 2 Beijing CR Building Ph.2 Office 112,110 97% 109,117 3 Beijing Majestic Garden Office 72,000 97% 70,078 4 Beijing Miyun Mixc One Commercial 89,766 97% 87,369 5 Beijing CR Hotel Project Office 62, % 62,953 6 Beijing Phoenix Place Tower G Office 22,938 97% 22,326 7 Beijing Future Tech City Project Office 157,324 60% 94,394 8 Beijing New Airport Porject Office 28,000 80% 22,400 9 Beijing New Airport Porject Hotel 69,000 80% 55, Zhengzhou Mixc Ph.2 Commercial 75, % 75, Zhengzhou CR Building Ph.2 Office 78, % 78, Shijiazhuang Mixc Commercial 189, % 189, Qingdao CR Building Commercial 4,500 97% 4, Jinan City Crossing Commercial 189, % 189, Rizhao Mixc One Hotel Hotel 8, % 8, Rizhao Mixc Ph.2 Mall Commercial 2, % 2, Taiyuan Mixc Commercial 228, % 228, Linyi Mixc One Commercial 101, % 101, Yantai Mixc One Commercial 131, % 131, Qingdao Liaoyang East Road Project Commercial 25,760 65% 16,744 CR Land Results 1H

58 Land Bank for IP as of 30 June 2017 No. Project Asset Type GFA(sqm) Interest Attributable GFA(Sqm) 21 Jinan CBD Project Office 117,600 89% 104, Jinan CBD Project Others 67,100 89% 59, Beijing Fengtai Lize CBD Office 160,000 25% 40, East China Region 1,545,646 0% 799, Shanghai Mixc Commercial 148,498 50% 74, Shanghai Su River Bay Mall Commercial 6,800 50% 3, Shanghai Su River Bay Office Office 98,000 50% 49, Hangzhou Mixc Ph.2 Office Office 95,170 60% 57, Hangzhou Xiaoshan Mixc One Commercial 77, % 77, Hangzhou Center Commercial Commercial 70,000 45% 31, Hangzhou Center Hotel Hotel 33,500 45% 15, Ningbo Mixc Commercial 168,000 33% 55, Ningbo Mixc One Hotel Hotel 3, % 3, Suzhou Kunshan Mixc One Commercial 81,800 51% 41, Suzhou Wujiang Mixc One Commercial 80,100 50% 40, Changzhou CR Int'l Community Commercial 50, % 50, Taizhou Mixc Commercial 104, % 104, Nantong Mixc Commercial 125,058 55% 68, Nanjing Jianye District Office Office 304,000 4% 12, Nanjing Mixc One Commercial 100, % 115,308 CR Land Results 1H

59 Land Bank for IP as of 30 June 2017 No. Project Asset Type GFA(sqm) Interest Attributable GFA(Sqm) 41 South China Region 2,421,366 0% 2,176, Shenzhen Bay Commercial Commercial 80, % 80, Shenzhen Bay Office Office 256, % 256, Shenzhen Bay Hotel Hotel 40, % 40, Shenzhen Qianhai City Crossing Office Office 32, % 32, Shenhen Qianhai City Crossing Commercial 82, % 82, Shenzhen CR City Mixc World Commercial 227, % 227, Shenzhen CR City Office Office 305, % 305, Shenzhen CR City Hotel Hotel 50, % 50, Shenzhen Yinhu Blue Mountain Commercial 6, % 6, Huizhou Xiaojing Bay Garden Mall Commercial 1,300 65% Nanning CR Building Office 18,300 55% 10, Nanning Mixc Hotel Hotel 14,300 55% 7, Nanning Mixc One Commercial 60,000 51% 30, Nanning Zhongshan Road Project Commercial 59,800 50% 29, Liuzhou City Crossing Commercial 128, % 128, Shantou Mixc Commercial 154,900 51% 78, Shantou Ocean Bay Commercial 40, % 40, Guilin Mixc Commercial 65, % 65, Hainan Shimei Bay Hotel Hotel 87, % 87,700 CR Land Results 1H