Poly (Hong Kong) Successfully Launched Shanghai Poly Garden-Sales Revenue of RMB133 Million

Poly (Hong Kong) Investments Limited ( Poly (Hong Kong) or the Group ; stock code: 119) is pleased to announce the official launch of the apartment units of Shanghai Poly Garden Phase 1 last weekend. The apartment units were well received by the market with 178 units being sold on the launch day. The subscription rate reached 70%, generating an aggregate sales revenue of RMB 133 million. The Shanghai Poly Garden is situated in the core center of Jiading New City, one of the important planned new towns of Shanghai and the closest satellite town to Shanghai. The project has a convenient traffic network with various highways. In addition, Shanghai Poly Garden is situated in the core business area of Jiading New City. It is an important public area of Jiading and a central business district integrated with commercial services, sport center, clothing exhibition, business services, leisure, entertainment and residential area. Mr. Wang Xu, Managing Director of Poly (Hong Kong) said, Following the satisfactory sales of villa units of phase one of Shanghai Poly Garden in April, we are delighted to have another overwhelming response for the apartment units of the project, proving that we have excellent execution ability in developing quality projects. With the encouraging sales response, we are confident that the Group s following projects will also be welcomed by the market.