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Aoyuan’s 2020 Property Contracted Sales Up 13% YoY to RMB133 Billion Completes Full-Year Target

 (4 January, 2021 – Hong Kong) China Aoyuan Group Limited (“Aoyuan” or the “Company”; Stock Code: 3883) announced that the Company recorded approximately RMB133.01 billion of property contracted sales in 2020 with a y-o-y increase of 13%, completing its full-year sales target of RMB132 billion. The contracted gross floor area (GFA) sold amounted to approximately 12,882,000 sq.m., representing a y-o-y increase of 10%. The average selling price was approximately RMB 10,325 per sq.m..

In December 2020, Aoyuan achieved property contracted sales totaling approximately RMB19.25 billion, with contracted GFA sold amounting to approximately 1,911,000 sq.m., representing y-o-y increases of 15% and 22%, respectively.

Aoyuan management commented: “In 2020, in face of the challenges of COVID-19 and complex macro environment, Aoyuan successfully accomplished its full-year target and ranked among top 30 PRC developers, maintaining sound business development. During the year, the Company raised sufficient funds through the issuance of corporate bonds, senior notes, syndicated loans, etc., in onshore and offshore markets, ensuring fund safety of the Company. In 2020, Aoyuan debuted at 1152nd in ‘Forbes Global 2000’ and its ranking in ‘Fortune China 500’ has continued to leap up for 4 consecutive years, alongside earning accolades including ‘The Asset ESG Awards – Gold’ and ‘The Asset Best Investor Relations Team Award’. All these honours are testimony to recognition on Aoyuan by the capital markets and across sectors. Looking into 2021, Aoyuan will continue to double down its efforts in driving sustainable and high-quality development on all fronts, thereby bringing fruitful returns to shareholders and investors.”