President Xia Haijun Met the Team Including the Managing Director of Fitch Ratings and His Party

On March 7, Dr. Xia Haijun, Vice-chairman of the Board of Directors and President of Evergrande Group, and Mr. Xie Huihua, Financial Controller, met Mr. Richard J. Hunter, Global Enterprise Rating Managing Director of Fitch Ratings, Mr. Andrew Steel, Managing Director and Asia-Pacific Enterprise Rating Director, and Mr. Li Yingwei, Senior Director and North Asia Business Development and Customer Relations Director, and exchanged with them in a cordial and friendly atmosphere.

Fitch Ratings is one of the three international rating agencies around the globe, with the Headquarters in New York and London. There are over 40 branches and over 1,100 analysts around the globe. With the business scope including financial institutions, enterprises, state organizations, local governments and structured financing ratings, Fitch Ratings has been awarded as the Globally Best Rating Agency in the investigation report of Cantwell & Co, an internationally well-known investigation agency, for two consecutive years, with its volume of financial institution rating business second to none around the globe.

During the meeting and exchanging process, President Xia introduced to the team including Mr. Richard J. Hunter the development history of the Group Company, the enterprise strategy and the fruitful achievements of the Company in recent years in detail. Mr. Richard J. Hunter thought highly of the forward-looking development strategy focusing on the third-tier cities of China as well as the development mode of centralized management and standardized operation.

In his opinion, the development of Evergrande complies with the real estate development direction of China, influenced by the real estate macro-control of China to the smallest extent. He also fully affirms the future development of the Company, and hoped that both parties would have more opportunities for cooperative development in the future.