(28 July 2017 - 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 the Company was named “Outstanding Property Development Group” at the 12th CAPITAL Outstanding China Enterprise Awards presented by Hong Kong leading financial media CAPITAL.

 

The CAPITAL Outstanding Enterprise Awards aims to recognize the contributions of enterprises that demonstrate outstanding performance and achievements during the year, and to inspire the industry to make the utmost contribution towards China and global economic stability and prosperity. The most outstanding enterprises in each industry are selected by a panel of professional judges who evaluate overall performance over the previous year, including business performance, corporate asset value, overseas projects, market strategy and development.

 

Aoyuan management commented, “We are honoured to be awarded as ‘Outstanding Property Development Group’ for six consecutive years, which proves the high recognition of Aoyuan’s business development. Aoyuan has seen rapid growth in recent years. Its contracted sales increased by four times between 2012 and 2016, and continued strong growth momentum in 2017. Aoyuan's contracted sale increased by 57% y-o-y to RMB16.5 billion in the first half of 2017 while achieving 50% of its full-year sales target of RMB 33.3 billion. Benefiting from rapid sales growth and sound financial position, Aoyuan has become the only PRC developer whose credit rating was upgraded by all three major international rating agencies since last year, namely Fitch, Moody’s and S&P. Looking forward, Aoyuan will strive to deliver satisfactory returns to our shareholders and investors.”