Investor Presentaiton

Accelerating conversion of urban redevelopment entering a profit-reaping period Projects Converted saleable City Туре Saleable GFA ('000 sqm) resources Status (RMB bn) DA Completed auction Primary development gain Partial/full conversion of urban redevelopment in 2020 1 Guangzhou Panyu Yixing Project 2 Zhuhai Doumen Royal Park 3 Hebei Langfang Zhongsuo Project Phase 1 4 Hebei Langfang Xihutun Project Phase 1 5 Guangzhou Zhongxin Town Fengyuan Chemical Plant 6 Guangzhou Panyu Nitrogen Fertilizer Plant 7 Guangzhou Huangpu Jiali Pier 8 Dongguan Wanjiang Jinlong 9 Nanning Nantang Land Parcel No.2 Partial/full conversion of urban redevelopment in 1H2021 10 Foshan Nanhai Luo Village 11 Zhuhai Xiangzhou Cuiwei Village Phase 1 12 Guangzhou Zengcheng Nanbo Village Guangzhou, Guangdong Zhuhai, Guangdong Langfang, Hebei Foshan, Guangdong Old factory Old town 60 1.1 Launched Old village 350 3.7 Launch in 1H2022 Langfang, Hebei Old village 40 0.6 Guangzhou, Guangdong Old factory 80 1.8 Launch in 2H2022 Launched Guangzhou, Guangdong Guangzhou, Guangdong Dongguan, Guangdong Nanning, Guangxi Old factory 300 14.3 Launch in 3Q2021 Old factory 160 14.0 Launch in 2H2022 Old factory 70 2.3 Launch in 3Q2021 Old factory 170 2.2 Launched Grand total 1,230 40.0 Old village Zhuhai, Guangdong Guangzhou, Guangdong Old village 100 3.8 Completed auction Launch in 3Q2021 Old village 570 9.7 Launch in 4Q2021 Grand total 670 13.5 Projects City Туре Status Planned total GFA ('000 sqm) Estimated Estimated saleable saleable resources GFA ('000 sqm) (RMB bn) Expected partial/ full conversion in 2H2021-2024 13 Shenzhen Zhuli Shiye Project 14 Shenzhen Longgang Shilongkeng Project 15 Shenzhen Longgang Dapu Project 16 Guangzhou Huangpu Wang Village 17 Guangzhou Liwan Donglang Village 18 Foshan Chancheng Shen Village 19 Zhuhai Xiangzhou Cuiwei Village Phase 2 20 Zhuhai Gongbei Guanzha & Gaosha Village 21 Dongguan Qingxi Lychee Village 22 Dongguan Shimei Project 23 Dongguan Lingtou Unit 1 Old village Shenzhen, Guangdong Old factory Shenzhen, Guangdong Old village Shenzhen, Guangdong Guangzhou, Guangdong Old village Guangzhou, Guangdong Old village Foshan, Guangdong Zhuhai, Guangdong Zhuhai, Guangdong Other projects (Shenzhen, Guangzhou, Foshan, Zhuhai, Dongguan, etc.) Expected conversion of urban redevelopment from 2025 onwards Other projects (Shenzhen, Guangzhou, Foshan, Zhuhai, Dongguan, etc.) Old village Implementation plan Implementation plan 140 130 4.6 270 270 17.2 Project proposal approved 810 380 16.9 Land use documentation approval 920 380 12.7 Zoning proposal submitted 1,820 770 40.2 Old village Primary data verification 1,210 570 18.3 Old village Partially converted (demolition and relocation stage) 1,290 440 20.3 Old village Delineating redevelopment unit 330 120 6.8 Dongguan, Guangdong Dongguan, Guangdong Dongguan, Guangdong Old factory Old village Demolition and relocation agreement signed 1+N plan approved Unit delineation plan submitted 360 330 7.4 250 150 4.7 730 430 10.2 6,500 3,750 82.7 Subtotal 14,630 7,720 242.0 Subtotal 30,860 16,350 512.3 Grand total 45,490 24,070 754.3 36

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