Franshion Properties Ranks Among TOP 10 Hong Kong Listed PRC Real Estate Enterprises of Composite Strengthen 2009

Franshion Properties CFO Mr. Jiangnan (left) represented the company to receive the award of the TOP 10 Hong Kong Listed PRC Real Estate Enterprises of Composite Strengthen 2009

(Hong Kong, 8 June 2009) The TOP 10 Research Team of PRC Real Estate has published the Research Report on PRC Real Estate Listed Companies 2009 . As of the end of 2008, based on its total asset value of approximately HK34.5 billion and total market capitalization exceeding HK$13.6 billion on top of the unparalleled business strategies of the corporation, Franshion Properties is ranked the ninth in the TOP 10 Hong Kong Listed PRC Real Estate Enterprises of Composite Strengthen 2009 .

It is the first time Franshion Properties has gained a place among the top 10 developers in this most authoritative appraisal on the composite strength of the mainland property listed companies.

The TOP 10 Research Team of China Real Estate is composed of Enterprise Research Institute of the Development Research Center of the State Council of PRC, Real Estate Research Institute of Qinghua University and China Index Research Institute. Since the launch of the TOP 10 research on PRC real estate listed companies in 2003, the TOP 10 ranking published by the Team has become the most authoritative report on the research of the PRC listed real estate companies in terms of fairness, objectivity, precision and comprehensiveness.

Franshion Properties was listed in Hong Kong in 2007. It was ranked the sixth in the TOP 10 Hong Kong Listed PRC Real Estate Enterprises of Fortune Building Strengths 2008 the first time it entered the research. This is also the first full financial year after Franshion Properties has undergone appraisal in the TOP 10 ranking.

The organizer, the TOP 10 Research Team of China Real Estate, has combined the experience from The TOP 10 Research on PRC Real Estate Listed Companies in the past six years into the actual situation of the PRC real estate sector and securities market. The Team has improved the evaluation method and methodology of the research so as to give a more precise picture of the market performance and prospects of real estate listed companies.

The research aims to provide investors with scientific and all-rounded investment data.

According to the final ranking published by the organizer, apart from first gaining entry into the TOP 10 Hong Kong Listed PRC Real Estate Enterprises of Composite Strengthen 2009 , Franshion Properties entered the TOP 10 Enterprises of Fortune Building Strengths for the second consecutive year in view of its fortune creation capability.

Since the establishment of Franshion Properties five years ago, it has consistently adhered to its core strategy to focusing on developing and maintaining high-end commercial properties located in first-tier cities and prime areas . The company steps up to become a leading commercial real estate enterprise in the mainland. In addition to this ranking, based on its sound financial performance and robust growth momentum, Franshion Properties has topped the Top 30 Real Estate Enterprises in PRC 2008 published by the new property media www.guandian.cn in February this year.