Further Enhancing Strategic Layout in the Yangtze River Delta

　　(6 February, 2015 – 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 has successfully acquired through auction a plot of high quality commercial and residential land in Jiaxing, Zhejiang at a total consideration of RMB221 million. The land parcel has a total GFA of approximately 200,000 sq.m. at an average cost of approximately RMB1,092 per sq.m..

　　Situated in the Jiaxing Economic and Technological Development Zone, the land parcel is well located with only 3 kilometres from the city centre and in close proximity to an extensive range of educational and living facilities. It is surrounded on three sides by abounding water resources and is close to Changxian River, Muhu Forest Park, and Jiaxing Xiangjiadang Tourist Resort, boasting an alluring natural setting. The project enjoys highly convenient access to main roads and Jiaxing Train Station. It is also within a one-hour drive away from Shanghai Hongqiao International Airport, Shanghai Pudong International Airport and Hangzhou Xiaoshan International Airport.

　　Located in the Yangtze River Delta region, the most densely populated and developed area in China, Jiaxing is an transportation hub connecting Shanghai, Zhejiang and Jiangsu, and is within an one-hour drive of major cities in the region, including Shanghai, Hangzhou, Suzhou and Ningbo, etc.. Jiaxing’s economy has continued to grow and its GDP ranks among top cities in Zhejiang Province. Jiaxing is planned to be developed into a portal city integrating into Shanghai-Suzhou-Nanjing metropolis area, enjoying significant potential for development. It is emerging into a base for modern service industry and manufacturing and processing industry in the Yangtze River Delta region, as well as a livable city with rich education and tourism resources.

　　Aoyuan management commented, "Since our entry into the Yangtze River Delta in 2011, Aoyuan has gained market recognition and has successfully established an experienced project team. Kunshan Aoyuan has achieved outstanding sales performance since the project launch, and further exceeded its sales target last year. The acquisition of the land plot in Jiaxing will replenish the Company’s land bank in the Yangtze River Delta region and generate synergy with existing projects, thereby further enhancing Aoyuan’s strategic layout in the region."