(24 April 2018 - Hong Kong) China Aoyuan Property Group Limited (“Aoyuan” or the “Company”; Stock Code: 3883), a renowned property developer in China, is pleased to announce that Aoyuan and Henderson Land Group (“Henderson”) officially signed a cooperation agreement for Nitrogen Fertilizer Plant redevelopment project in Panyu, Guangzhou. Mr. Guo Zi Wen, Chairman of Aoyuan, and Mr. Guo Zi Ning, Vice Chairman and Chief Executive Officer of Aoyuan, visited the Hong Kong headquarters of Henderson and met with Mr. Lee Ka Kit, Vice Chairman of Henderson.

       Aoyuan and Henderson, a leading and well-established Hong Kong property developer, are working together on the Nitrogen Fertilizer Plant redevelopment project in Panyu, Guangzhou, which has a net site area of approximately ​​100,000 sq.m. and a planned total GFA of ​​approximately 300,000 sq.m.. As a pioneer in composite real estate in China, Aoyuan focuses on the property development in Guangdong-Hong Kong-Macau Big Bay Area. Leveraging its resources in land, talents and network, Aoyuan has achieved a full coverage of “9+2” cities and successfully completed a number of signature redevelopment projects in the Big Bay Area. Aoyuan and Henderson will synergistically complement each other in terms of resources and products.

       Aoyuan management commented that the meeting provided a good opportunity for deep cooperation between Aoyuan and Henderson. By leveraging their respective advantages and resources, both parties will work alongside and seize the development opportunities of the Big Bay Area. The cooperation will also initiate the integration of Henderson’s high technology and Aoyuan’s composite real estate development, benefiting the public and achieving mutually beneficial cooperation.

From right to left: Mr. Guo Zi Wen, Chairman of Aoyuan, Mr. Lee Ka Kit, Vice Chairman of Henderson, Mr. Guo Zi Ning, Vice Chairman and Chief Executive Officer of Aoyuan