Slides
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2026 Interim Results Investor Presentation August 2026
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China Overseas Building, Shenzhen Contents Results Highlights ESG Development Scale & Profitability Strengths Outlook Financial Stability Strengths Appendix Competitive Development Strengths 2
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Anlan Shanghai, Shanghai Results Highlights
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2026 Interim Results Highlights Industry No.1 in attributable sales1 Contracted sales 134.35b 11.8% Prominent contribution from key markets Hong Kong, Beijing, Shanghai, Guangzhou and Shenzhen 79b Accounting for2 68.6% Monetary value not specified in presentation represents RMB 1 Data Source: China Index Academy 2 Proportion of contracted sales of the Group Series of Companies (excluding COGO) Revenue increased steadily 97.6b 17.3% Leading profit with stable dividend Profit before tax12.36b Interim DPS HK23cents Liability-to-asset ratio in industry’s lowest range Ample cash on hand at industry-leading scale 51.6% Net operating cash inflow28.5b Cash on hand 121.1b 4
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Scale & Profitability Strengths Anthe S henzhen , Shenzhen
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60.6% 57.3% 68.6% 164.04 125.44 78.99 2024 2025 1H2026 Sales and contribution of first-tier cities steadily increasing Beijing 24.75b Shenzhen 22.5b Shanghai 14.92b Hong Kong 13.31b Contracted sales of the Group Series of Companies in 1H2026 amounted to RMB134.35b, growing by 11.8% yoy, becoming the only one in Top 10 developers to achieve double-digit growth1 Strong sales performance in first-tier cities, accounting for 68.6% of the contracted sales of the Group Series of Companies (excluding COGO); Beijing and Shenzhen exceeded RMB20b, Shanghai and Hong Kong exceeded RMB10b The Group Series of Companies ranked among Top 3 in local market share in 30 cities, ranking No. 1 in 19 of them First- tier, 68.6% Major second- tier, 18.7% Others, 12.7% Contracted sales breakdown of the Group Series of Companies (excl. COGO) Residential Development Strong Leadership in First-tier Cities Through Successful Strategic Focus 1 Data Source: CRIC (克而瑞) 6
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“Good Houses” drove leading sales with the launching of Good House Living OS System and upgrade of the “Finesse+” construction system High-end residential projects in prime locations of first-tier cities led the markets; projects such as Anlan Beijing, Anthe Shenzhen, Infinite Horizons, Hangzhou set market benchmarks with remarkable volume and price Projects in second-tier cities exhibited prominent advantages, with projects such as Cloud Grandeur, Qingdao, Infinite Center, Shijiazhuang, Reven Manor, Shenyang enjoyed strong sales despite market headwinds Cloud Grandeur, Qingdao Anthe Shenzhen, Shenzhen Anlan Beijing, BeijingInfinite Horizons, Hangzhou Infinite Center, Shijiazhuang Reven Manor, Shenyang 7 Residential Development Distinctive Product Strengths Driving Sales Outperformance
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Leveraged market recovery to drive sales to new highs as gross contracted sales in Hong Kong in 1H2026 exceeded HK$15b, reaching a record high and maintaining leading position in Hong Kong market Continue to invest and expand by further deepening market penetration in Hong Kong and expand premium land holdings; gross saleable resources of projects pending launch amounted to HK$72.3b Key projects drove robust sales Cumulative sales HK$5.5b Cumulative sales HK$2.8b Continuing to invest and expand in Hong Kong market Cumulative sales HK$17.0b Victoria Voyage Twin Victoria Grand Mayfair 8 Residential Development Strong Sales in Hong Kong with Continuous Investment and Expansion
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1H2026 commercial operations revenue breakdown Revenue from commercial operations reached RMB3.58b in 1H2026, maintaining stable growth amid market challenges Dual-core operations of office and shopping malls contributed 80% of revenue, while projects in first-tier and emerging first-tier cities contributed 77%; core businesses and assets jointly reinforced the operating foundation, demonstrating the resilience of the portfolio Office, 48% Shopping mall, 32% Hotel and other commercial operations, 15% 5% 72% 78% 77% 77% 28% 22% 23% 23% 2024年 2025年 2025年H1 2026年H1 First-tier and emerging first-tier cities Other cities 7.13 7.20 3.54 3.58 Operating Business Commercial Operations Exhibited Resilience Commercial operations revenue mix 2024 2025 1H2025 1H2026 Long-term leased apartment, 9
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Shopping malls’ end-of-period overall occupancy rate reached 95.3%, sales per sq. m increased by 7% Offices’ newly signed leasing area during the period was 480,000 sq. m; end-of-period overall occupancy rate was 78%; transaction volume of 52 projects ranked Top 3 in respective regional markets Hotel business recorded average occupancy rate of 72.8%, long-term leased apartments recorded end-of-period overall occupancy rate of 96.2% Senior living and wellness business marked the launch of benchmark project Beijing Jinchen, to build high-end continuing care community and deepen COLI’s diversification for operating business OfficeShopping mall Retail sales Overall 11.4% Same store 4.5% Footfall Overall 7.9% Same store 9.2% Newly signed leasing area during the period 480k sq. m Lease renewal rate 63.1% Over70%of projects ranked Top 3 in transactions1 in regional markets Operating Business Diversified Operations Enhanced in Quality and Efficiency 1 New lease transaction volume 10
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Adopt both asset-light and asset-heavy strategies to strengthen asset management capabilities. End-of-period asset- light management scale reached 2.5m sq. m, accounting of 23 .8%; during the period, COLI secured a light-asset management mandate for a portfolio of office assets owned by a top insurer Construct multi-layer REITs platform to drive virtuous cycle of capital. On the basis of the infrastructure REIT platform, promote the construction of multi-layer REITs platform to deepen the full-cycle capital loop of “invest, finance, construct, manage and exit” Adopt both asset-light and asset-heavy strategies to support expansion Asset-light management scale CAMC China Overseas Commercial REIT (180607.SZ) Fund size: RMB1.584b Listing date: 31 October, 2025 Full cycle Full chain All segments+ + Asset management service capabilities Operating Business Dual-driver Model to Further Strengthen Asset Management Capabilities No. of projects 39 Area 2.5 m sq. m % of area 23.8% End-of-period occupancy rate of underlying asset 100% Distributable amount achievement rate 101.04% Annualized distribution rate1 4.16% 1 Distribution rate is calculated based on offering size Public REITs platform delivered stable performance 11
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Amount of unbooked pre-sales (RMB b) Sales continued to outperform peers with steadily increasing recognition scale; revenue in 1H2026 amounted to RMB97.6b, growing by 17.3% yoy Profitability maintained industry-leading with profit before tax at RMB12.36b and core profit attributable to shareholders at RMB7.93b Unbooked pre-sales maintained at high level, several high-return projects set to lay a solid foundation for the Company’s steady profitability 206 212.7 2025 1H2026 180.5 184.4 2025 1H2026 The Group Series of Companies Revenue Profit before tax Core profit attributable to shareholders1 97.6b 12.36b 7.93b The Group Series of Companies (excl. COGO) 1 Represents profit attributable to shareholders of the Company, adjusted by excluding the effects of net foreign exchange gains and losses and investment properties revaluation gains and losses (net of tax and non- controlling interests), and adding back realised after-tax revaluation gains and losses on investment properties disposed of during the period Profitability Revenue Increased Steadily with Solid Prospective Earnings 12
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Anlan Beijing, Beijing Financial Stability Strengths
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Liability-to-asset ratio (excl. presales proceeds) 45.3% Net gearing 27.2% Cash to short-term debt 1.6x The Group maintained industry-leading credit rating; interest-bearing debt decreased by RMB10.15b, reflecting financial security and prudence End-of-period liability-to-asset ratio was 51.6% while net gearing ratio was 27.2%, both at the lowest range in the industry, with debt structure continuing to optimize Currency structure of interest-bearing debt 241.56 247.38 237.22 2024 2025 1H2026 55.8% 54.1% 51.6% Non-RMB debt, 12.3% RMB debt, 87.7% (RMB b) Credit Industry-leading Credit Rating with Sound Financial Position Interest-bearing debt and liability-to-asset ratio 14
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The sales proceeds collection of the Group Series of Companies was RMB113.52b, net operating cash inflow was RMB28.52b End-of-period cash on hand amounted to RMB121.1b, accounting for 13.7% of total assets, maintaining a sufficiently strong position 28.52b 13.7% Cash Ample Cash on Hand Supporting Strong Development Momentum Sales proceeds collection Net operating cash inflow Cash on hand Cash to total assets ratio 113.52b 121.1b 15
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Amber, Shanghai Competitive Development Strengths
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Adhering to high conviction investing with a strong focus on security and certainty, the Group acquired 9 new land parcels¹ in 1H2026, with an attributable land premium of RMB7.66b. Year-to-date, the Group acquired 18 land parcels¹ with an attributable land premium of RMB33.3b As of 1H2026, land bank held by the Group Series of Companies (excluding COGO) was 22.07m sq. m, with an attributable GFA of 19.6m sq. m Suzhou Industrial Park Project Investment Maintain Investment Discipline and Pursue Targeted and Prudent Investment 1 Excluding the land parcel acquired by the Group for the Kam Sheung Road Station Phase Two Property Development Project in Yuen Long District, Hong Kong, with total GFA of 0.11 million sq m during the period. The land parcel will be developed in form of cooperation project 59.2% Major second-tier, 26.6% Others, 14.2% Breakdown of land bank value held by the Group Series of Companies (excluding COGO) % of first-tier + major second-tier cities 85.8% First-tier (incl. Hong Kong), 17
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The “Wan, Fang, An, He” product series were successfully rolled out, the projects received broad market recognition and achieved strong sales COLI Good Houses Living OS provides systematic technical support for products’ R&D, iteration and value creation COLI Finesse Construction System ensures product quality, enabling large-scale high-quality delivery Finesse Construction System Display at Anthe, Shenzhen Finesse Construction System Display at One Sino Residences, Tianjin Infinite Horizons, Hangzhou Anlan Shanghai, Shanghai Anlan Beijing, Beijing Product COLI Good Houses and Finesse Construction Systems Delivered Value “Wan, Fang, An, He” and COLI Good Houses Living OS Projects COLI Finesse Construction System 18
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1H2026 customer satisfaction score was 90 points, maintaining industry-leading position Completed high-quality delivery of 21,000 residential units in 1H2026 Awarded “Outstanding Enterprise in Real Estate Customer Satisfaction in 1H2026” by China Index Academy and “Annual Top 1 Industry Delivery Capability” by CRIC Nankai Philosopher, Tianjin Luxurious, Ningbo Cozy Corner, Guangzhou Maison D'emeraude, Hangzhou Landmark, Suzhou Product High-quality Delivery Enabling Prominent Reputation Advantage 19
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Conducted in-depth customer demand insights to achieve precise product positioning that accurately matches target customer groups New project launches received strong market response and customer recognition, with sales performance leading the market Upgraded marketing capabilities across all scenarios leveraging AI technology, enhancing the full-cycle service experience for homebuyers Contribution of customer acquisition through internal proprietary channels continue to rise, enabling a reasonable reduction in distribution costs, marketing cost-efficiency remains at the forefront of the industry Sales Intelligent Marketing and Refined Strategy Enhanced Efficiency Strong Sales at New Project Launches Strong Sales at Infinite Center, Shijiazhuang Strong Sales at East District of Anlan Shanghai First-Half Sales Rankings 20
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Average borrowing cost and SG&A ratio maintained at the industry’s lowest range, with distribution expenses decreasing by 20.8% yoy Leverage the advantages of large-scale supply chain ecosystem and leading cost management and procurement models to deliver superior quality at competitive prices, thereby strengthening product cost and quality advantages SG&A as % of revenue 2.8% Average borrowing cost 2.76% Cost Comprehensive Cost Advantages Continued to Strengthen 21
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Infinite Horizons, Hangzhou ESG Development
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The only mainland developer as constituent Rating AA- No. 1 among mainland developers ESG Score 69 No. 1 among mainland developers Global Top 3% Top tier among mainland developers ESG Rating A Top tier among mainland developers ESG Rating A+ Included in S&P Global Sustainability Yearbook (China) once again Selected as a SynTao Green Finance “China ESG Leader” for the first time Won Extel’s “Most Honored Company” once again; won “Best in Reporting” in BDO ESG Awards and “Sustainable Asia Award 2026” By Corporate Governance Asia for the first time ESG Development Gained Widespread Recognition Received prestigious awards in market Earned industry-leading ESG ratings both domestically and internationally 23
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ESG Initiatives Continued to Advance ◆ Updated the Company's Green Finance Framework, fully aligned with international principles ◆ Three scientific and technological achievements passed formal evaluation ◆ Senior Living and Wellness Business obtained ISO 9001 (Quality Management), ISO 14001 (Environmental Management), and ISO 45001 (Occupational Health and Safety) certifications ◆ Promoted green electricity procurement, water conservation, and energy efficiency retrofits ◆ Published Special Report on Response to Climate Change, with four more categories of Scope 3 emissions data disclosed ◆ Huashan area in Jinan was awarded China’s first three-star Green Eco-District project of urban renewal nature ◆ Remained committed to rural revitalization, developing distinctive agricultural products ◆ Continued to elevate the “Good Houses” product standards ◆ Updated and released the ESG Strategy for the 15th Five-Year Plan Period Environment Social Governance 24
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Mountarise, Shenzhen Outlook
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Maintain a proactive investment approach and seize investment opportunities precisely Achieve favourable sales volume and pricing, maintain steady sales growth, and maintain industry leadership 2026 Business Objectives and Strategies Key projects to be launched in 2H2026 Anlan, Shanghai Saleable resource: RMB52.2b Jiuxianqiao Project, Beijing Saleable resource: RMB4.5b Avilla, Hangzhou Saleable resource: RMB6.1b 26
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One Bay Park, Shenzhen Appendix
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Land Bank as at the End of June 20261 City Total GFA (‘000 sqm) Percentage Attributable GFA (‘000 sq m) Percentage Beijing 2,393 10.8% 2,286 11.7% Shanghai (including Jiaxing) 2,343 10.6% 1,543 7.9% Shenzhen 1,216 5.5% 978 5.0% Guangzhou 413 1.9% 403 2.1% Hong Kong and Macau 344 1.6% 131 0.7% Foshan (including Zhaoqing) 1,079 4.9% 758 3.9% Changsha 535 2.4% 471 2.4% Xiamen 251 1.1% 251 1.3% Hainan (including Haikou, Wanning) 588 2.7% 503 2.6% Zhuhai (including Jiangmen) 110 0.5% 88 0.4% Nanjing 238 1.1% 238 1.2% Suzhou (including Wuxi) 729 3.3% 729 3.7% Ningbo 179 0.8% 179 0.9% Hangzhou 443 2.0% 443 2.3% Jinan 1,164 5.3% 1,039 5.3% Qingdao 718 3.3% 628 3.2% Tianjin 1,660 7.5% 1,479 7.5% Changchun 497 2.3% 479 2.4% Harbin 116 0.5% 58 0.3% Dalian 621 2.8% 505 2.6% Shenyang 714 3.2% 714 3.6% Shijiazhuang 289 1.3% 289 1.5% Chengdu 862 3.9% 843 4.3% Xi'an 663 3.0% 663 3.4% Chongqing 2,342 10.6% 2,342 11.9% Taiyuan 293 1.3% 293 1.5% Wuhan 1,216 5.5% 1,216 6.2% Zhengzhou 37 0.2% 37 0.2% Guiyang 18 0.1% 18 0.1% Total 22,073 100.0% 19,603 100.0% 1 Excluding COGO 28
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Land Parcels Acquired during 1H20261 1 Excluding COGO; excluding the land parcel acquired by the Group for the Kam Sheung Road Station Phase Two Property Development Project in Yuen Long District, Hong Kong, with total GFA of 0.11 million sq m during the period. The land parcel will be developed in form of cooperation project No. Date of acquisition City Name of the development project % attributable to the Company Land Area (sqm） Total Gross Area (sqm) Attributable Gross Area (sqm) Attributable Land Premium (RMB m) Total Land Premium (RMB m) 1 February Hong Kong Ngau Tau Kok Project 100% 3,132.00 26,426.25 26,426.25 1,626.19 1,626.19 2 February Baoding Xiong’an New Area Project 100% 15,870.57 47,061.00 47,061.00 72.00 72.00 3 March Xiamen Tong’an District Project 100% 17,697.41 58,509.00 58,509.00 433.00 433.00 4 April Xi'an Gaoxin District Project 100% 53,959.60 184,133.00 184,133.00 1,721.50 1,721.50 5 April Haikou Longhua District Project 100% 28,060.21 95,436.90 95,436.90 500.86 500.86 6 April Changsha Xiangjiang New District Project 100% 50,723.67 138,247.71 138,247.71 500.65 500.65 7 April Jinan Licheng District Project 100% 24,565.00 84,113.00 84,113.00 313.45 313.45 8 May Zhuhai Xiangzhou District Project 80% 27,615.29 77,191.09 61,752.87 805.60 1,007.00 9 May Suzhou Industrial Park Project 100% 20,414.50 49,090.00 49,090.00 1,688.36 1,688.36 Total 242,038.25 760,207.95 744,769.73 7,661.61 7,863.01 29
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Disclaimer ◆ These materials have been prepared by China Overseas Land and Investment Ltd. (“COLI” or the “Company”) solely for information use during its presentation may not be reproduced or redistributed to any other person without the permissions from COLI. By attending this presentation, you are agreeing to be bound by the foregoing restrictions. ◆ It is not the intention to provide, and you may not rely on these materials as providing, a complete or comprehensive analysis of the company’s financial or trading position or prospects. The information and opinions in these materials are provided as at the date of this presentation and are subject to change without notice. None of the Company nor any of its respective affiliates, advisors or representatives shall have any liability whatsoever (in negligence or otherwise) for any loss howsoever arising from any use of these materials. ◆ The information in this material contains certain forward-looking statements. These include statements regarding outlook on future development schedules, business plans and expectations of capital expenditures. ◆ These statements are based on current expectations that involve a number of risks and uncertainties which could cause actual results to differ from those anticipated by the Company. ◆ The materials and information in the presentations and other documents are for informational purposes only, and are not an offer or solicitation for the purchases or sale of any securities or financial instruments or to provide any investment service or investment advice. 30
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Thank You