The Lands are situated in a prime location of Tian Yuan District, Zhuzhou City, with complete supporting facilities, and have huge development potential. The total site area is approximately 151,403 sq. m. and the plot ratio less than 2.5 for residential use and less than 3.7 for commercial use. The Lands are designated with a site area of approximately 46,876 sq.m. for commercial use and a site area of approximately 104,526 for residential use. The Land Use Rights for commercial use shall last for 40 years and for residential use shall last for 70 years.

Mr. Guo Ziwen, Chairman of Aoyuan, said, "This is an important step of the Group following our land acquisitions in Zhuzhou in July and October this year, which marked our further entry to the property market of Hunan Province. Zhuzhou City, the second largest city in the province, is located in one of the largest economic zones of Central China – the ‘Changzhutan Circle", which is characteristic of rapid property development. The acquisition does not only strengthen our land bank portfolio, but also boost our regional diversification strategy. In the future, the Group will continue to keep abreast of market conditions and acquire land in regions such as Guangdong, and Chongqing, our existing markets which have greater end-user demand and are less likely to be severely impacted by macroeconomic control measures by the Central Government and also maintain the product strategy of "developing commercial and residential properties in parallel". We will insist on the development strategy of "rapid development and rapid sale", and it is expected that the new land bank in the bottom of this year will contribute gradually to our sales starting from the second half of 2013."