Achieved Contracted Sales of about RMB1.58 Billion in January 2010

The Group announced today an outstanding sales performance with contracted sales revenue amounting to approximately RMB1.58 billion is recorded, which is equivalent to over 100% of the sales amount in December 2009. The contracted sales GFA sold amounted to approximately 210,000 sq. m. Mr. Xue Ming, Managing Director of Poly (Hong Kong) said, Thanks to the Group s widely recognized Poly brand, premium project locations and quality properties, our projects were well received by customers despite the mild correction of the China property market recently. We are confident of maintaining our competitive advantages and rewarding our shareholders with satifactory sales performance in the future.