(4 January 2013 - Hong Kong) One of the leading property developers in Guangdong Province in China - China Aoyuan Property Group Limited ("Aoyuan" or the "Company", together with its subsidiaries the "Group"; Stock Code: 3883) is pleased to announce the acquisition of the residential and commercial land in Chongqing, through public auction at a total consideration of RMB530,000,000 (equivalent to approximately HK$659,000,000). The Land is situated at Lot Nos. L07-01/03、L11-01/03, Partition L, Zhongliangshan, Jiulongpo, Chongqing, PRC with a site area of approximately 159,938 sq. m. and gross floor area of approximately 287,888 sq.m.

The land is situated in a prime location of Chongqing, and is Jiulongpo district"s major development area. The government had invested heavily than ever on transportation and municipal supports, and the planning will be more scientific, reasonable and livable, which will contribute to huge potential in appreciation.

Mr. Guo Zi Wen, Chairman of Aoyuan, said, "The Acquisition complements the Group"s strategy in expanding its development in Chongqing, the PRC. Chongqing is the fastest-growing city in the coming ten years and will keep expanding the city"s size, and it"s in the prosperous period for property development. Chongqing Aoyuan·City of Health was the Group"s first project in Chongqing in 2008, and was fully affirmed by the market. It entered into the monthly TOP 10 single site sales ranking of Chongqing in 2009 for 10 times and ranked No. 1 in terms of area and units sold for single site as well as total transaction amounts for a single a high-rise site in Chongqing property market in 2009, which built Aoyuan"s brand awareness in Chongqing. After that, Chongqing Aoyuan·Jinyu was given full endorsement by the market in 2011 too. The Group will continue on the development strategy of "developing commercial and residential properties in parallel" and "rapid development and rapid sale". With mature operation model and team, as well as abundant cash flows, the Group is confident of its optimistic future."