(24 April 2020 - Hong Kong) China Aoyuan Group Limited (“Aoyuan” or the “Company”; Stock Code: 3883) announces that Mr. Guo Zi Wen, Chairman of Aoyuan, has increased his shareholding in the Company by acquiring 1,000,000 shares of Aoyuan on 24 April 2020, at an average price of HK$8.816 per share for a total consideration of approximately HK$8.82 million. Immediately following the share purchase, the shareholding in the Company of Chairman Guo Zi Wen and Mr. Guo Zi Ning, CEO of Aoyuan, has become 55%. In April 2020, Chairman Guo Zi Wen also purchased US$1 million of Aoyuan’s USD bond due September 2021.

  Aoyuan management commented, “Chairman Guo Zi Wen has demonstrated strong confidence in Aoyuan’s long term development through rounds of share purchases and buybacks, as well as bond purchases since IPO in 2017, totaling an aggregate consideration of over HK$900 million. In 2019, Aoyuan recorded property contracted sales of RMB118.06 billion, rendering Aoyuan among the Top 30 PRC developers. Aoyuan’s 2016-2019 CAGR for contracted sales reached 66% while its full-year sales target for 2020 is set at 12% y-o-y growth, demonstrating a growth rate higher than the industry average over the years. Currently, the COVID-19 outbreak has been basically curbed in China. All of Aoyuan’s sales offices and construction sites have resumed operations and all work is progressing as planned, minimizing the impact of the outbreak. Looking forward into 2020, Aoyuan will maintain a measured-scale growth, strengthen risk management, enhance delicacy management to elevate operating profits and achieve sustainable and high-quality development, thereby bringing fruitful returns to shareholders and investors.”

For details please refer to HKEx website:

24 April 2020: Director/Chief Executive Notice - Interests in Shares of Listed Corporation