St. George's Mansions Penthouse Sold by Tender for Project High of HK$260 Million

HONG KONG,June 9,2021 --Sino Land Company Limited (HKSE: 083) is delighted to announce that a penthouse at St. George's Mansions,the ultra-luxurious residential development jointly developed by Sino Land and CLP Group in the legendary Kadoorie Hill,has been sold by tender.

The penthouse of Flat A,23/F Tower 2,with a saleable area of 3,695 sq ft (inclusive of a 256-square-foot balcony) and a 3,301-square-foot roof,has been sold for HK$260 million (HK$70,365 per sq ft),a project high. The penthouse,with five en suite bedrooms,is the biggest residence of the development. It is replete with thoughtful provisions to ensure the comforts of home in addition to commanding an expansive view of Kadoorie Hill. Residents can enjoy unrivalled exclusivity with a dedicated private lift lobby. The transaction includes three parking spaces.

'We are delighted that the project is well received by families,in particular those who have lived in the sought-after neighbourhood for generations,and who hold positive outlook for the market. St. George's Mansions is the latest residential project of the Group receiving WELL v2™️ pre-certification. The coveted accreditation is a testament to the team's efforts to create a healthy built environment for residents with provisions such as air quality monitors and ultraviolet light air purification systems,as well as touch-free technology,' remarks Mr Victor Tin,Group Associate Director (Sales) of Sino Group.

St. George's Mansions,the ultra-luxurious residential project located in Kadoorie Avenue,Kadoorie Hill,is designed by world-renowned Robert A. M. Stern Architects. The careful selection of natural stones from Europe and construction materials adds to the grandeur of the development,which provides 175 elegantly appointed residences,with five special units featuring private rooftop balconies in the Legacy Collection and Heritage Collection. Each residence in the collections provides a saleable area of more than 3,000 sq ft and a private roof to enjoy the sweeping greenery at the prime location atop Kadoorie Hill.

Eight exquisite residences of the magnificent development have been transacted,among them three are special units in the Legacy Collection and Heritage Collection. Sales proceeds of HK$1.2 billion have been generated.

A special unit of St. George's Mansions.

The image comprises computer edited and processed image of the surrounding environment of the Development which was taken at the height of approximately 65 metres above the Development site on 29 April 2019 and computer graphic of the Development. Furniture,decorative items,lights,gardening,plants and trees are not standard provisions and will not be included in the actual flat. Please refer to the sales brochure for details of the fittings,finishes and appliances. The image represents an artist's impression and is for reference only. It is not for the purpose of displaying the final appearance of the Development or any part thereof upon completion nor the view from any part of the Development. The view of a residential property of the Development is affected by its orientation,level,surrounding buildings and environment. The surrounding environment,buildings,facilities or environment of the Development may change from time to time. The image shall not constitute or be construed as giving any offer,representation,undertaking or warranty,whether express or implied by the Vendor. "Heritage Collection" is a marketing name only and will not be shown on the Deed of Mutual Covenant,Provisional Agreement for Sale and Purchase,Agreement for Sale and Purchase,Assignment or other title deeds of the residential property. It shall not constitute or be construed as giving any offer,undertaking or warranty whether express or implied by the Vendor. For details,please refer to the sales brochure. Copyright ©️ DBOX

Name of Street and Street Number of the Development: 24A Kadoorie Avenue^

District: Ho Man Tin

Website Address: www.stgeorgesmansions.hk#

The photographs,images,drawings or sketches shown in this advertisement/ promotional material represent an artist's impression of the Development concerned only. They are not drawn to scale and/ or may have been edited and processed with computerised imaging techniques. Prospective purchasers should make reference to the sales brochure for details of the Development. The Vendor also advises prospective purchasers to conduct an on-site visit for a better understanding of the development site,its surrounding environment and the public facilities nearby.

Vendor: CLP Property Investment Limited (as 'Owner'); Pacific Shine Limited (as 'Person so engaged') (Notes: 'Owner' means the legal or beneficial owner of the Development. 'Person so engaged' means the person who is engaged by the Owner to co-ordinate and supervise the process of designing,planning,constructing,fitting out,completing and marketing the Development.). Holding companies of the Vendor (Owner): CLP Properties Limited and CLP Holdings Limited. Holding companies of the Vendor (Person so engaged): Tsim Sha Tsui Properties Limited,Sino Land Company Limited,King Chance Development Limited and World Focus Development Limited. Authorised Person for the Development: Cheng Yan Ying Grace. The firm or corporation of which an Authorised Person for the Development is a proprietor,director or employee in his or her professional capacity: AGC Design Limited. Building Contractor for the Development: Gammon Engineering & Construction Company Limited. The firms of solicitors acting for the Owner in relation to the sale of residential properties in the Development: Mayer Brown and Woo Kwan Lee & Lo. Authorised institution that has made a loan or has undertaken to provide finance for the construction of the Development: China Construction Bank (Asia) Corporation Limited. Any other person who has made a loan for the construction of the Development: King Chance Development Limited. The estimated material date for the Development to the best of the Vendor's knowledge: 31 August 2022 ('Material Date' means the date on which the conditions of the land grant are complied with in respect of the Development. The estimated material date is provided by the Authorized Person for the Development. The estimated material date is subject to any extension of time that is permitted under the agreement for sale and purchase.) Prospective purchasers are advised to refer to the sales brochure for any information on the Development.

This advertisement / promotional material shall not constitute or be construed as giving any offer,undertaking or warranty whether express or implied by the Vendor. Please refer to the sales brochure for details. This advertisement is published by the Vendor or is published with its consent.

^The provisional street number is subject to confirmation when the Development is completed.

#The address of the website designated by the Vendor for the Development for the purposes of Part 2 of the Residential Properties (First-hand Sales) Ordinance.

Date of Printing: 9 June 2021

About Sino Land Company Limited

Sino Land Company Limited (HKSE: 083) is one of the leading property developers in Hong Kong. Its core business includes development of properties for sale and investment in Hong Kong,Mainland China,Singapore and Sydney. The company's core business is complemented by a full spectrum of property business ranging hotel operations to property services,encompassing property management,car park management,cleaning and environmental services,security services as well as hospitality services. The company had a balanced land bank of approximately 22.0 million sq ft (attributable) in Hong Kong,Singapore and Sydney as at 31 December 2020,comprising 9.3 million sq ft of properties under development,11.9 million sq ft of properties for investment and hotels,and 0.8 million sq ft of properties held for sale.

As a committed corporate citizen,Sino Land has been actively participating in community services and green activities as well as arts and culture events. It has been a constituent member of the Hang Seng Corporate Sustainability Index Series since September 2012 and a constituent member of Hang Seng ESG 50 Index since July 2020 for its continual efforts in promoting sustainability.

www.sino.com

Media Enquiries

Betty Wong / Angela Wong

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media@sino.com