(6 February 2020 - Hong Kong) China Aoyuan Group Limited (“Aoyuan” or the “Company”; Stock Code: 3883) announces that the Company achieved property contracted sales totaling approximately RMB5.06 billion, with contracted gross floor area (GFA) sold amounting to approximately 433,000 sq.m., representing y-o-y decreases of 9.7% and 16.5%, respectively, in January 2020. The average selling price was RMB11,690 per sq.m..

   Aoyuan management commented, “Following the outbreak of the novel coronavirus, Aoyuan was the first enterprise to directly procure the urgently-needed medical supplies both domestically and overseas to support frontline medical staff. We have procured 900,000 medical face masks through global channels, among which approximately 500,000 masks have been directly handed to the frontline medical staff combatting the epidemic in Wuhan, Guangzhou, etc.. In addition, 5,000 sets of medical protective coveralls will be delivered to the frontline once received. Indeed, we fully believe in shouldering our corporate social responsibility by taking direct action. Given that the Chinese New Year is traditionally a low season and with the outbreak of the epidemic, Aoyuan has stepped up efforts to open online sales offices, all of which are now in operation. Dedicated online sales office for key projects will also be launched soon. Meanwhile, we are actively exploring new sales methods for addressing demand for home-return property purchases. For existing customers who have visited our sales offices and show flats, we are strengthening coordination to maximize conversion through the online platform. As for new customers showing interest in our projects, whether through online sales office or by phone, we will make every effort to nurture such relations for prospective transactions. Aoyuan has sufficient cash reserves with related funding and refinancing arrangements well in place to ensure fund safety. We believe that, through our collective effort and steely determination, we can win the battle against the epidemic all together.”