PRESS RELEASE – Yanlord sells 84% of apartment units at Yanlord G53 on opening weekend

YANLORD ACHIEVES RMB708.8 MILLION IN PRE-SALES AT THE

INAUGURAL LAUNCH OF NANJING YANLORD G53 APARTMENT; SELLS

OVER 84% OF APARTMENT UNITS OR 361 UNITS IN THE OPENING

WEEKEND

(31

and together with its subsidiaries, the “Group”) announced today that it had sold 84.3% or 361 of the

428 apartment units during the first two days of the inaugural launch of Yanlord G53 Apartment

(“Yanlord G53”) in Nanjing on 28

RMB20,600per square metre (“sqm”) was achieved for the 34,409 sqm gross floor area (“GFA”) sold.

Total contracted pre-sales for the first two days amounted to RMB708.8 million.

Commenting on the inaugural launch of the apartment units, Yanlord’s Chairman and Chief Executive

Officer, Mr. Zhong Sheng Jian, said, “Sustained demand for quality developments by discerning

customers continue to drive our sales performance. While market uncertainties arising from the

introduction of regulatory policies by the PRC central government have impacted sales volumes

within the sector, the positive market response during the opening weekend for this inaugural launch

stands testament to the strong support and confidence that Nanjing residents place in the Group’s

ability to deliver quality developments and further reflects the Group’s brand equity as a leading highend

developer within China. Moving forward, we remain steadfast in our commitment to build

internationally recognized developments and will seek to consistently exceed the expectations of our

discerning customers. With the success of this inaugural launch, we are confident that our future

developments within Nanjing will mature into key drivers for the Group’s future performance.”

Yanlord G53 is the Group’s latest high-quality residential development in the rapidly expanding Hexi

New Area, Nanjing and continues the earlier success achieved by the Group’s earlier launch of

Yanlord Yangtze Riverbay Town Phase 1 in July 2009. With a total development GFA of 96,909 sqm,

the subsequent phases of Yanlord G53 will be progressively launched and are expected to contribute