Forte Domestic Corporate Bond Issuance Approved by CSRC

On August 17, Shanghai Forte Land Co.,Ltd. announced that it has obtained the Approval for the Public Issue of Domestic Corporate Bonds from the China Securities Regulatory Commission, whereby the Company is permitted to issue domestic corporate bonds with an aggregate principal amount not more than Rmb 1,900,000,000. Further arrangement with respect to the bond issuance will be announced by Shanghai Forte as and when appropriate.