SZI Announces Unaudited Contracted Sales for February and March 2022

(25 April 2022 - Hong Kong) Shenzhen Investment Limited (“SZI” or “Group”, SEHK stock code: 604.HK) announces the Group’s unaudited contracted sales for February and March 2022.

The Group’s unaudited contracted sales for February 2022 amounted to approximately RMB118 million, representing a decrease of 87.9% MoM and a decrease of 87.5% YoY. The contracted sales area was approximately 3,913 sq.m., down 86.1% MoM and down 90.5% YoY.

The Group’s unaudited contracted sales for March 2022 amounted to approximately RMB218 million, representing an increase of 84.7% MoM and a decrease of 74.2% YoY. The contracted sales area was approximately 7,039 sq.m., up 79.9% MoM and down 86.5% YoY.

The Group's major sales projects will be launched mainly in the second and fourth quarters of this year and the sales volume available in the first quarter was limited. At the same time, as the epidemic situation in cities where many of the projects are located remains volatile, which has affected the opening hours of sales offices, customer flow and customer confidence, and resulted in lower contracted sales in the first quarter of this year as compared to the corresponding period of last year. For the first 3 months of 2022, the Group recorded total contracted sales of approximately RMB1.31 billion, representing a decrease of 67.1% YoY, and the total contracted sales area was approximately 39,175 sq.m., down 79.1% YoY. The average selling price was approximately RMB33,447 per sq.m..

Since April 2022, with the epidemic situation in cities where our major projects are located gradually under control and the successive launch of quality projects in Guangzhou and Dongguan, contracted sales are expected to improve. The Group will actively respond to market changes, make every effort to promote sales and strive to achieve the full-year contracted sales target.