A number of projects under the Group achieved outstanding sales performance at the second half of 2010, and this impressive selling trend continued in the first half of this year. "Shenyang Aoyuan·The Metropolis", "Zhongshan Aoyuan", "Aoyuan Plaza" Phase II and "Aoyuan·Hai Jing Cheng" Phase II have become a spotlight in the real estate market. Among which, "Aoyuan Plaza" Phase II received overwhelming market response, as the commercial units were sold out within the first two days after launch, In addition, 80% of the units launched by "Aoyuan·Hai Jing Cheng" Phase II were sold in the afternoon since its launch, which was an outstanding achievement in the property market.

Looking forward to the second half of the year, Aoyuan will continue to launch quality projects as mentioned above to maintain the strong sales momentum and achieve better sales performance. In line with the Group"s fast development strategy, Aoyuan has also commenced construction of property projects on a number of quality lands which were acquired in the Zhongshan City, Guangzhou City and Jiangsu Province in the first half of 2011. The lands acquired are expected to be able to generate high investment returns and have high growth potential. The projects are expected to be launched for sale in the second half year of this year and next year.

Mr. Guo Zi Wen, Chairman of Aoyuan, said, "We are very pleased that our projects recorded satisfactory sales performance for supporting the Group to achieve annual sales target. With the continuing impressive sales performance of our best-selling projects and the revenue contribution from new projects, Aoyuan"s excellent sales performance in the second half of 2011 is expected. We are confident that we can achieve good contracted sales with our strategy of dual concept of commercial-residential development as well as our move to target real market demand with improving project quality."