(3 Nov 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 its wholly-owned subsidiary, Chongqing JinAo Property Company Limited (“Chongqing JinAo”), has introduced Hangzhou Industrial & Commercial Trust Company Limited (“Hangzhou Trust”) by means of capital injection, raising capital of RMB1 billion.

According to the agreement, Hangzhou Trust will invest RMB1 billion in Chongqing JinAo through capital injection. Upon completion, Aoyuan and Hangzhou Trust will hold equity interests of 60% and 40%, respectively. Chongqing JinAo participates in the property development and construction of Chongqing Aoyuan Panlong Yihao. The project is situated in the district center of Panlong New Town in Jiulongpo District, with a total GFA of approximately 455,200 sq.m.. The project was acquired in August 2014 and launched for sale in June 2015.

This capital injection not only allows Aoyuan to gain an additional capital source, but also facilitates its asset-light operating model and strengthens cash flows so as to support its business growth and deliver satisfactory returns to its shareholders.

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