Second Phase of Poly Royal Palace in Wuhan - Subscription Amount Reached RMB110 million

The Group is pleased to announce the subscription of Poly Royal Palace Phase II in Wuhan has reached RMB 110 million since the additional launch. The sales result of the project was in line with the Group s expectation. A total of 151 units were sold at an average price of approximately RMB7,100 per sq. m. As of 17 January, all 1,016 units of Poly Royal Palace Phase II had been launched and 932 of them had been subscribed, representing a subscription rate of approximately 92%. Mr. Xue Ming, Managing Director of Poly (Hong Kong) said: The market response to the project is pleasing that demonstrates our brand and products are well received in central China. With the mainland s economy gradually improving, the property sector is set to pick up steadily in the coming year. We are confident of our ability to continue to deliver remarkable sales results and generate satisfactory business returns for our shareholders.