Yuexiu Property s Guangzhou International Finance Centre Soft-opens

Mr. Lu Zhifeng, Chairman of Yuexiu Property, said, Spanning a construction period of 5 years, having overcome numerous construction and technical difficulties, and with the record-breaking construction speed of building 1 storey in two days, the tallest building in the South China region has finally achieved the target of having the soft opening before the Guangzhou Asian Games.

Guangzhou International Finance Centre has become the Gate to Future linking Guangzhou via Asia Pacific and South China with the rest of the world. Its key strategic meaning and position are obvious. GZIFC will bring appreciable property investment gains to Yuexiu Property and further promote Yuexiu Property s position as a premium quality property developer.

The hotel has brought in the superior hotel brand The Four Seasons Group; the shopping mall has brought in the local high-end retail brand Guangzhou Friendship Store; and the apartments have brought in the world-class brand Ascott Apartments Management Company. The Project s principal office leasing agent is CB Richard Ellis, which is one of Fortune s top 500 companies and the world s largest real estate service provider.

The Company has also formed a joint venture with Jones Lang LaSalle, also one of World Top 500 companies, for the management of the property. Over 30,000 square meters of the office area for lease has been taken up and it is expected that the occupancy rate will have reached 65% by the end of next year, and by that time, the utilization rate of the project will have reached 85%.

Meanwhile, GZIFC has also established substantive cooperation relationships with renowned local and overseas brands with a view to providing complementary services of the best quality.

GZIFC, as the new iconic building in Guangzhou City, has exemplified the strategy of building the Pearl River New City into a finance headquarters base, and has become the core of Guangzhou City emerging the regional finance center in southern China. As the Guangzhou Municipal Government is dedicated to developing the city into a regional finance center at the country s strategic level, it offers GZIFC greater development opportunities.

As advocated by the Guangzhou Financial Services Office, the Guangzhou Government will establish the Guangzhou Financier Club at GZIFC, which serves as a professional venue for policy announcements by financial authorities, academic exchanges and professional communication, as well as a specialist venue for high-end individuals of the finance industry to hold business exchanges and conferences.

The Guangzhou Financier Club is located on the top 2 floors of the annex building North Tower, with area over 2,000 square meters.

GZIFC has introduced some advanced design and management concepts, which consists of three main characteristics: (1) Innovative structure: adopting a pipe-in-pipe structure with steel pipe and concrete mega intersection grid which has adequate hardness to withstand inclination and excellent anti-earthquake capability, thereby attaining a high safety level for the building as a whole; (2) Intelligence safety: the comprehensive intelligence system of the Project has an edge over other super-tall buildings in China; and (3) Low-carbon energy saving: innovative and enhanced designs in various aspects such as architecture, power, air-conditioning and water-saving.

The Company was listed in Hong Kong in 1992 and is one of the top 10 integrated property developers in Guangzhou. The Company s main business is property development with its operations mainly concentrated in the Guangzhou area. As at 30 June 2010, total assets of Yuexiu Property amounted to over RMB40 billion and total gross floor area of its investment properties, projects under construction and land bank amounted to over 8 million square meters.

Yuexiu Property has developed 50 commercial and residential communities (projects), with accumulated saleable area amounting to over million square meters.