As of 10 November 2013, the Group"s accumulated contracted sales already exceeded 90% of its original full-year target. According to the properties available for sale between now until the end of this year and the sales projections, the Group has raised its full-year contracted sales target for 2013 from RMB7.5 billion to RMB8.5 billion.

Management commented, "Aoyuan has been able to achieve encouraging results mainly due to its strict adherence to the product strategy of ‘developing commercial and residential properties in parallel" and the development strategy of ‘rapid development and rapid sales", together with accurate product positioning, assurance for high product quality and greater value for the money. Recently, many of the Group"s major projects continued to achieve excellent sales performances and were even sold out within the first launching day. For example, ‘Aoyuan Beyond Era", the first project located on the axis along Guangzhou South Station, achieved nearly RMB800 million in subscription sales on the first launching day. Phase I of ‘Aoyuan·Spring Garden", the ecological project located on the Metro Line in Guangzhou East, achieved RMB400 million in subscription sales earlier this year. Once more, Phase II of ‘Aoyuan·Spring Garden" were sold out within the launch day again with approximately RMB600 million in subscription sales. The Group has entered into a rapid development phase this year, and we look forward to attaining promising results from the persisting rapid development of Aoyuan in the coming years, while sharing with our shareholders the fruitful results."