(18 December 2012 - Hong Kong) China Aoyuan Property Group Limited ("Aoyuan" or the "Company", together with its subsidiaries the "Group"; Stock Code: 3883), one of the leading property developers in Guangdong Province in China, is pleased to announce that Group acquired the land use rights of nine quality land parcels for commercial and financial uses in Panyu, the PRC through public auction at an base price, with a total consideration of RMB3,410,870,000 on 10 December 2012. According to the co-operation agreement between Aoyuan and Guangdong Poly Property Development Limited, the two parties will respectively be responsible for the development and management of 4 parcels of the lands each and jointly develop 1 parcel of the lands on 50:50 basis. The cooperation will combine the strengths of the two parties, bringing another high-end urban complex to Guangzhou.

Total site area of approximately 120,442 sq. m. and the plot ratio of not more than 4.0 for 7 parcels and 5.0 for 2 parcels. The lands are situated above the Guangzhou Hanxi Changlong Metro Station, opposite to Changlong tourist attractions and adjacent to Centre of Wanbo, the landmark-to-be, enjoying the advantages of tourism business. The local government’s plan of building the commercial zone of Wanbo – Hanxi Avenue – Guangzhou South Station, together with the Metro Line No. 3 which is in full operation and Metro Line No. 7 which will be completed in 2016, provide a huge development potential for the district, making it the focus of the market.

Mr. Guo Zi Wen, Chairman of Aoyuan, said, "The Group has well established brand recognition within the Panyu District, and the newly acquired land parcels are adjacent to our Nanguo Aoyuan, thereby facilitating a mass development and share of resources. Currently, the Group has numerous commercial projects, such as Aoyuan Plaza, Aoyuan Health Plaza, Aoyuan International Centre, Aoyuan Metropolitan Plaza and Shenyang Aoyuan · Convention Plaza, etc. Leveraging on our experience in development and operation of commercial property projects, we are confident to develop the new project into a high-end leisure, shopping-mall and entertainment complex. We will insist on the development strategy of ‘rapid development and rapid sale’ and the construction of the project is expected to be started in the first quarter of 2013, and the first phase of the project will be available for sale in the same year. While developing commercial properties, the Group will maintain

a balanced proportion of commercial and residential projects. We target to increase the proportion of commercial land in our sales to approximately 40% by 2013 and strive to create sustainable returns to our shareholders.