Poly (Hong Kong) Successfully Launched Townhouses-Sales Revenue of RMB135 Million

Poly (Hong Kong) Investments Limited ( Poly (Hong Kong) or the Group ; stock code: 119) is pleased to announce the official launch of the townhouse units of Guiyang Poly New Island on 6 July 2008 following the successful launch of the high rise apartment units. The townhouse units were well received by the market with 42 units being sold on the launch day. The average selling price per square meter was approximately RMB10,500, generating an aggregate sales revenue of RMB135 million. Guiyang Poly New Island is a large scale ecological resort and residential project with natural hot springs and a substantial proportion of the area being a green zone. This project is located in Wudang District of Guiyang City, which is only 7 km away from Guiyang city centre. It is equipped with a convenient public transportation network and comprehensive facilities, including a hot springs club, a five-star hotel and an European style commercial street, as well as a school and a kindergarten. Commenting on the overwhelming response of this project, Mr. Wang Xu, Managing Director of Poly (Hong Kong) said, The successful launch of our projects evidenced that developments with outstanding quality will still be customers preferred selection. Such projects will also enjoy a better position to weather the impact of this dynamic market situation. The Group will continue to produce high quality properties, in order to provide customers with a comfortable living environment with well-equipped facilities and attentive management service. The Group will also continue to seek development opportunities in a cautious yet proactive manner, in order to maximize shareholder returns.