Global Road Show of Evergrande Officially Started

On August 31, Evergrande Real Estate Group Limited started its global trip of Road Show in Hong Kong, which was participated in by the following senior management: Dr. Xia Haijun, Vice-chairman of the Board of Directors and President of Evergrande, Xie Huihua, Executive Director and Chief Financial Officer, and vice-president Lai Lixin,. In the 11-day global Road Show, the Road Show team of the Group will communicate and interact with investors in eight international metropolises: Hong Kong, Singapore, Zurich, Edinburgh, London, Boston, New York and Los Angeles.

With the growth potential recognized, the share price rose on first day of Road Show

On the first day of this Road Show, under the circumstance of stocks setback (the range of drop of the whole day for Hang Seng Index is 0.97%, and the range of drop of the whole day for SSE Composite is 0.52%), Evergrande (03333.HK) rose by 5.6%, finishing at 2.45 HKD. According to the analysis, the price rising of Evergrande fully demonstrates the unanimous confidence of the global strategic partners and investors in Evergrande for its advanced strategy and management mode, top talent team, great development achievements, strong corporate capability and powerful growth potential.

In the first half of this year, the Group made great achievements and created good benefits for investors. As of June 30, 2010, the turnover and gross profit of the Group were approximately 20.37 billion yuan and 4.95 billion yuan respectively, increasing by 1,142.0% and 800.0% respectively on a yearly basis.

The profits for shareholders were 2.33 billion yuan, increasing by 366.0% on a yearly basis, with the profit per share of 0.16 yuan. The net profit was 2.5 billion yuan, increasing by 380.8% compared with that in the same period of last year. Meanwhile, the products of the Company continued to be popular in the market.

In the first half of the year, the contracted sales amount of the Group was 20.98 billion yuan, and the sales area was 3.339 million square meters, ranking first in China.

Strengthen interaction and deepen relationship with investors

It is reported that this Road Show has been carried out after Evergrande released its great achievements made in the first half of 2010 in order to demonstrate to the global investors the strong capability and good brand image of Evergrande, to enable investors to learn and understand Evergrande better and to further enhance the brand image of Evergrande as a leading real estate enterprise in China.

Meanwhile, the smooth communication channels and good interaction relations built for the Road Show will provide effective reference for the Group in establishing the operation strategies that are in line with the interests of shareholders.

The Group has been devoting itself to building the two-way interactive investor relationship. In the first half of this year, the Group was visited by a total of 105 institutional investors and organized about 200 persons to visit the real estate projects of the Group all over the country. The management of the Group attended the telephone conference and meetings for 33 times and received 42 investors.

Meanwhile, the Group participated in such activities as Suisse Asian Investment Conference, Merrill Lynch Real Estate Day, and HSBC Investor Meeting, and organized a number of sales performance presentations, investor meetings and Road Show promotions.

Be surpassing and continue to create greater values for shareholders

Looking into the second half of 2010, Vice-chairman Xia Haijun, said that the economy in China will continue to improve, that the urbanization in China is accelerating and the fundamental factors for the huge rigid demand for residential houses do not change substantially, and that the Company is still confident in the medium-and-long-term development of the industry.

Evergrande will continue to follow the development concept of new starting point, new ideas, new thinking and new standard , perfect its standardized operation mode and the collectivized compact management mode, focus on the team construction, forge ahead with determination and be surpassing by relying on its forward-looking strategy and excellent capability in development construction and cost control, continue to consolidate its leading position in the standardized operation and high-quality real estate in China, and continue to create greater values for the society and its shareholders.