Aoyuan Successfully Acquires High Quality Commercial and Residential Land in Zhuhai

Reinforcing its Strategic Layout in the Pearl River Delta

(1 Sep 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 signed a land acquisition contract with the government to successfully acquire a plot of high quality commercial and residential land in Xiangzhou District, Zhuhai, Guangdong, at a total consideration of approximately RMB740 million through an industrial redevelopment project. The land parcel has a total GFA of approximately 270,000 sq.m..

Situated in the prime location of Meijie Road in Xiangzhou District, Zhuhai, the land parcel enjoys close proximity to major roads, the Guangzhou–Zhuhai Intercity Rail and Tram No.1, offering convenient transportation. The project is also close to elite schools, including Zhuhai No. 15 Primary School, Zhuhai No. 9 Secondary School, Zhuhai No. 1 Secondary School, and Beijing Normal University Zhuhai, etc., and different government institutions, enjoying an extensive range of facilities. The project features a scenic view of natural setting with the Meixi scenic area to its north.

As one of the five Special Economic Zones in China, Zhuhai has been enjoying stable economic growth over the years. Upon the completion of the Hong Kong–Zhuhai–Macau Bridge and the establishment of the Zhuhai Hengqin Free Trade Zone, Zhuhai will generate better development opportunities. Entering the Zhuhai market, Aoyuan will replicate the operating model of Guangzhou Aoyuan Plaza to create an urban complex, comprising of residential apartments, a shopping mall, a commercial street and a hotel, so as to bring an all new one-stop living experience to residents.

Aoyuan management commented, “With the opening of the Hong Kong–Zhuhai–Macau Bridge, the distance between Zhuhai, Hong Kong and Macau will be greatly shortened, achieving regional integration among the three cities and thereby enhancing the development potential of Zhuhai. Entering Zhuhai will further reinforce Aoyuan’s strategic layout in the Pearl River Delta and optimize our landbank. Aoyuan will explore good opportunities in a prudent manner to consolidate the position in the regions where we enjoy competitive edges, and to achieve steady business development, thereby generating fruitful returns to our shareholders.”