(6 March 2020 - Hong Kong) China Aoyuan Group Limited (“Aoyuan” or the “Company”; Stock Code: 3883) announces that the Company achieved property contracted sales totaling approximately RMB7.02 billion, with contracted gross floor area (GFA) sold amounting to approximately 633,000 sq.m., for the first two months of 2020, representing y-o-y decreases of 38% and 41%, respectively. The average selling price was RMB11,080 per sq.

 In February 2020, Aoyuan achieved property contracted sales totaling approximately RMB1.96 billion, with contracted GFA sold amounting to approximately 201,000 sq.m., representing y-o-y decreases of 65% and 64%, respectively. As at 29 February 2020, Aoyuan recorded subscribed but not contracted sales totaling approximately RMB3.89 billion.