Logan Group’s Contract Sales in November Reach RMB11.67 Billion, Delivering Strong Performance with a Significant Increase of 82.6% y-o-y

(China / Hong Kong, December 7th, 2020) Logan Group (3380.HK) has announced its sales performance for November. The Company achieved contract sales attributable to shareholders of approximately RMB11.67 billion in November, producing strong performance with a significant increase of 82.6% y-o-y.

As of November 30, Logan Group had achieved a total of about RMB108.68 billion contract sales attributable to shareholders of the Company, up 34.5% year-on-year. The Company has hit 99% of its annual target of RMB110 billion in 2020, with sales growth rate and sales target completion rate leading the industry.

While maintaining high-quality sales growth, the Company gained a successful results with its forward-looking land acquisition and regionally focused strategy. From the beginning of the year, the Company continues to consolidate its leading advantages in the Guangdong-Hong Kong-Macao Greater Bay Area. In the meantime, the Company made its first entry into Shanghai, Ningbo and Kunshan and continued to expand its presence in Suzhou and Jiashan, deepening the strategic layout around the Yangtze River Delta metropolitan area. The Company’s investment in increasing number of cities with high growth potential, laid a solid foundation for sustained and rapid growth for the future sales performance.

The management believes that real estate regulation will help promote long-term stable and healthy development of the market, as well as accelerate industry integration. High-quality real estate enterprises will continue to expand their market share. Logan Group, with its ample land bank and stable finance, has strong development initiatives.

Capital market has a positive view on Logan Group due to its strong sales performance and good growth prospects. Many renowned international investment banks, including Citi, Morgan Stanley, CICC, Bank of America Merrill Lynch and CIMB, believe Logan Group has high level of performance and will outperform its annual sales target, hence recommended Logan Group as the first choice for long-term investors.