Guangzhou Investment Acquires Yantai Plot in Shandong Province

Hong Kong, 11 December 2009 Guangzhou Investment Company Limited ( Guangzhou Investment or the Company ) (HKEx Stock Code: 0123) announced that the Company acquired , through its 95% owned subsidiary, a plot of land namely Yantai Plot in Zhifu District, Yantai City of Shandong Province on 11 December 2009.

Yantai Plot has a site area of approximately 73,800 square meters and a permissible gross floor area of up to approximately 154,000 square meters. The consideration is RMB260,000,000 (approximately HK$295,000,000). The land has been approved for residential, commercial and office use. Area for residential use accounts for 75% and for commercial and office use accounts for 25% of the permissible gross floor area.

Yantai City has a permanent population of about 6.5 million with GDP ranking second only to Qingdao in Shandong Province. Backed by mountains and overlooking the sea, Yantai City enjoys beautiful environment and mild climate and has won in 2005 the United Nations Habitat Award for being one of the most liveable cities in the world.

Mr. Lu Zhifeng, Chairman of Guangzhou Investment, said, The securing of the Yantai Plot represents an important step towards implementing the strategy of enhancing the real estate business development of the Company.

The Company was listed in Hong Kong in 1992 and is one of the top 10 integrated property developers in Guangzhou. The Company s current business is property development with its operations mainly concentrated in the Guangzhou area.

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For enquiries, please contact:

Guangzhou Investment Company Limited
Mr. Alan Ha / Mr. Tim Feng
Tel: (852) 2511 6671 / (852) 2593 2396
Email: contact@gzinvestment.com.hk

Rikes Hill & Knowlton Limited
Mr. Karl Cheung / Ms. Christy Lai
Tel: (852) 2520 2201
Email: karl.cheung@rikes.hillandknowlton.com / christy.lai@rikes.hillandknowlton.com