Poly (Hong Kong) Successfully Launched -Sales Revenue Exceeded RMB84 Million

Poly (Hong Kong) Investments Limited ( Poly (Hong Kong) or the Group ; stock code: 119) is pleased to announce the official launch of Nanning Poly 21st Century Home on 28 June 2008. The market response of this project was so overwhelming that 130 units were sold on the sales day. The average price per square meter was over RMB6,000, generating an aggregate sales revenue of over RMB84 million. Nanning Poly 21st Century Home is a high-end residential project of the Group. Situated in the core area of Nanning ASEAN International Business Area in the capital city of Guangxi Province, Nanning Poly 21st Century Home is in a prime location with convenient public transport network, and is opposite to the commercial service centre in the district. Moreover, the project has comprehensive facilities, which is surrounded by a Forest Park, Qingxiushan golf course, sports centre, international school, ASEAN Business Center, and the liaison office of ASEAN. Each unit of the project enjoys an excellent 270 scenic view with natural south wind. Mr. Wang Xu, Managing Director of Poly (Hong Kong) said, The sales of Nanning Poly 21st Century Home met the Group s target. The enthusiastic response of this project further enhances the Group s leading position in the second tier capital cities in Southwestern China. This also evidenced our customers recognition and passion of the Group s ability in site selection, product quality, well equipped facilities, transportation network, market positioning and promotion, as well as reasonable pricing. The Group will continue to closely monitor the market movement, while actively seeking development opportunities. We ll strive to expand our property business and provide high quality products to our customers, in order to maximize shareholder returns.