Poly (Hong Kong) Successfully Launched Guiyang Poly New Island

Poly (Hong Kong) Investments Limited ( Poly (Hong Kong) or the Group ; stock code: 119) is pleased to announce the official launch of phase 2 of Guiyang Poly New Island on 22 June 2008 with overwhelming market response. The 586 units of high rise apartments were sold on its first day of launch. The subscription rate reached 95%, generating an aggregate sales revenue of RMB 306 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. Moreover, this project is complemented by an underground hot spring, of which its spring water was originated from an underground source of 2,000 meters below the horizon. The quality of the spring water conforms to the medical hot spring water standard.