Wang Rulin, Governor of Jilin Province Met with Xu Jiayin, Chairman of the Board of Directors of Evergrande Real Estate Group

On April 13, 2010, Xu Jiayin, Chairman of the Board of Directors of Evergrande Real Estate Group (HK.3333) the leading enterprise in the real estate industry of China, and other members arrived at Changchun for an on-site investigation on relevant projects. Wang Rulin, Governor of Jilin Province, Cui Jie, Mayor of Changchun City, Wang Xuezhan, Vice-mayor of Changchun City, and other leaders welcomed Xu Jiayin and other members, and hoped for further cooperate with Evergrande to jointly promote the urban construction of Changchun.

It was reported that Evergrande entered into the northeast market early in 2006, and had developed Evergrande Oasis, Evergrande Mountains and Rivers City and other projects in Shenyang. The model development mode featuring garden scenery, prospective building and elaborate decoration is well received by local housing purchasers. Evergrande's products sell so well ever upon they are available for sale, breaking the sales records of the local real estate market repeatedly. With the increasing strength, Evergrande will continue to expand their market share in the northeast region.

Xu Jiayin (left) was communicating with Wang Rulin, Governor of Jilin Province

At the noon on April 13, Cui Jie and Xu Jiayin met with each other for the development and construction of the first batch of Evergrande projects in Changchun. In the afternoon, Xu Jiayin, in the company of relevant leaders of Changchun City, was presented with detailed information on the urban area, infrastructure construction, lands available for development and relevant projects of Changchun.

In the evening, Wang Rulin, Wang Xuezhan and other leaders had a in-depth and comprehensive communication with Xu Jiayin. The leaders of Changchun City and Jilin Province extended warm welcome to Evergrande for its visit, and encourage Evergrande to invest in Changchun, participate in Changchun s urban construction, and bring to Changchun the unique real estate development mode characterized by scalization, standardization and modelization.

Xu Jiayin (left) was communicating with Cui Jie, Mayor of Changchun City

Xu Jiayin said, Jilin has witnessed rapid and dramatic economic development in recent years. Changchun, in particular as the largest automobile industrial city in China, has great urban development potential. Xu expressed great confidence in the investment in Changchun through the on-site investigation.

Evergrande has confidence in cooperating with the local government in the overall layout planning and urban infrastructure construction, and actively promoting the urbanization and economic development of Changchun by constructing a batch of model and benchmarking projects based on first-class concepts and planning.

Evergrande Real Estate Group is known as one of the domestic real estate enterprises with the largest land reserve in China. It owns high-quality land reserve of about 54.976 million square meters, and 57 real estate projects in 25 major cities in China, providing high-end, mid-range-to-high-end, mid-range and tourist real estate products to the domestic market.

On April 12, Evergrande released its 2009 annual performance report in Hong Kong. Until then, Evergrande had a total assets amount of over 63 billion yuan with an increase of over 120%. It realized 1.046 billion yuan of net profit last year, with an increase of nearly 100% compared to that of the year before.

The contracted sales last year amounted to 30.3 billion yuan, with an increase of over 400% compared to that of the year before. The sales amount of the first quarter this year was about 8.39 billion yuan with a 170% increase.