(5 Apr 2016 - 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 achieved contracted sales totaling approximately RMB1.55billion in March 2016, with contracted gross floor area (GFA) sold amounting to approximately 197,200 sq.m., surging 76% and 112%yoy, respectively.

For the first quarter of 2016, Aoyuan recorded contracted sales of approximately RMB3.76billion, with contracted GFA sold of approximately 466,700 sq.m., up approximately 42% and 46% y-o-y, respectively. Average selling price amounted to RMB8,048per sq.m..

Aoyuan management commented, “Aoyuan achieved 112% of its full-year sales target with contracted sales of RMB15.17 billion in 2015. In the first quarter of 2016, Aoyuan sustained itsfastgrowth momentum andrecorded over 40% y-o-y growth in contracted sales, achievingsatisfactory sales performance. Hence, we areconfident to achieve our 10% to15% y-o-y growth target in contracted sales this year. Aoyuan will stepits effortsto maintainits business growthabove industry average, thusdelivering satisfactoryreturns to its shareholders.”