China Overseas Land & Investment Limited (the “Company”) has announced the renewal of construction works arrangements with China State Construction International Holdings Limited (CSC) through a new master engagement agreement. The agreement covers a three-year period from January 1, 2026, to December 31, 2028. It follows an existing master engagement agreement that is set to expire on December 31, 2025.

Under the new agreement, members of CSC may be invited to participate in competitive tenders for the Company’s construction projects in mainland China, Hong Kong, and Macau. The maximum total contract sum for these projects will be subject to specific annual caps, set at HK$1,000 million for 2026 and HK$2,400 million for each of 2027 and 2028.

CSC belongs to the same ultimate holding structure under China State Construction Engineering Corporation, with China Overseas Holdings Limited acting as the controlling shareholder of both the Company and CSC. This makes the transactions continuing connected transactions under Chapter 14A of the Listing Rules. Because certain applicable percentage ratios exceed 0.1% but are less than 5%, only annual review, reporting, and announcement requirements apply, and no independent shareholders’ approval is required.

The Company confirmed no amounts were awarded to CSC under the previous agreement for the two years ended December 31, 2024, and the nine months ended September 30, 2025. The new arrangement is designed to leverage CSC's construction expertise while maintaining the Company's standard tendering procedures, ensuring that any awarded contracts are on terms no more favourable than those offered to independent third-party contractors.