(9 October 2012 - 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 that Zhu Zhou Jun Ye Property Development Limited, a subsidiary owned as to 60% by the Company, acquired the land use right of a commercial and residential site in Tianyuan District of Zhu Zhou City, Hunan, in PRC, through public action at a consideration of approximately RMB708 million on 8 October 2012. Aoyuan’s stake in the site will amount to RMB425 million.

The land is situated at northwest corner of the injunction of Shen Nong Avenue and ZhuJiang Road North Zone 16 Tian Yuan District, Zhu Zhou City in PRC, with a site area of approximately 157,318 sq.m. and a plot ratio of not more than 2.5. The land is designated 20% for commercial and 80% for residential uses.

Commenting on the acquisition, Mr. Guo Ziwen, Chairman of Aoyuan, said, "This is an important step of the Group following our acquisition of two projects in Zhu Zhou in July this year, which marked our entry to the property market of Hunan Province. The two projects have already commenced pre-sales. Zhu Zhou 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. The Land situated in a prime location at the New City Centre of Zhu Zhou which is of great potentials. The Group intends to develop the Land with some high-rise luxury apartments and villas with regimen concept. Leveraging on our experience in the development of Southern China and other regions such as Chongqing and Shenyang, we will continue to focus on developing both commercial and residential properties in parallel in cities which show huge growth potential with strong end-user demand and are less affected by regulatory policies. This year marks the 5th anniversary of Aoyuan’s listing on the Stock Exchange of Hong Kong, we will continue to strive for stable and attractive returns for our shareholders."