(30 May 2014 – Hong Kong) China Aoyuan Property Group Limited ("Aoyuan" or the "Company", Stock Code: 3883), one of the leading property developers in Guangdong Province in China, is pleased to announce that the Company has successfully further acquired by auction another plot of high-quality commercial and residential land in the NananChayuan New District of Chongqing for RMB775 million yesterday. The total GFA of the land parcel is approximately 238,500 sq.m., at an average cost of RMB3,249 per sq.m..

The land parcel located in the heart of Chongqing NananChayuan New District, lies at Tongjiang Avenue, Chongqing"s central axis.It is conveniently neara broad range of facilities such as shopping centers, banks, schools, health care, entertainment and transportation facilities. Moreover, the land parcel is located right next to the project of Chongqing AoyuanBeyong Era, which is previousland parcel that Aoyuan acquired this April. This enables the Company to conduct its project planning in a unified manner, to better optimize the project design and maximize the utilization of recourses. Furthermore, the newly acquired land parcel will bring synergies to Aoyuan"s existing projects in Chongqing whilelowering the development costs.This will also strengthen the Company"s competitive position and help to meet the largeend-user demand in the region. Aoyuan commented, "Aoyuan will continue to uphold its development strategy focused on‘rapid development and rapid sales"to provide high quality products and services to the market, anddeliversatisfactory returns toits shareholders."