Investor Presentaiton

✓ Nationwide layout with continued cultivation in key regions Through three steps of "Layout - Focus - Cultivation", Aoyuan completed a nationwide layout and has grown from a regional property developer to a developer with a nationwide presence In 2021, Aoyuan will further optimize its geographic layout, concentrating resources to groom core city subsidiaries achieving RMB10bn sales or above, forming a "major + satellite city" layout Entering Cultivation 3.0 stage, Aoyuan streamlines its structure and establishes appropriate regional scale to enhance operational efficiency With appropriate scale for each region, Aoyuan provides a platform for capable talents to perform which helps retaining them, engendering a win-win situation for the Company and its talents. Meanwhile, Aoyuan presses on with regional cultivation, allowing it to exert greater influence and attract more peers for collaboration Hundred Billion League Quasi-hundred Billion League 2019 Cultivation (源讚) 2018 Focus (聚焦) Post-hundred Billion Era 2020 Cultivation 2.0 (深20) Post-hundred Billion Era 2021 Cultivation 3.0 (深耕30) • Streamline the structure and develop 25 regional/city-level subsidiaries • Achieve annual sales of RMB10-20bn for subsidiaries in core cities, RMB5bn or above for subsidiaries in non-core cities - - - • Continue to cultivate in relevant urban agglomerations where regional/city-level subsidiaries are based to further increase the proportion of operations in key tier 1&2 cities and achieve Top 10/Top 20 ranking in sales in more cities • Achieve annual sales of RMB5bn or above for each of the 30 regional/city-level subsidiaries - - • Cultivate key regions, key tier 1&2 cities and strong tier 3 cities, as well as enhance productivity and market share • Achieve annual sales of RMB4bn or above for each of the 30 regional/city-level subsidiaries Fifty Billion League 2017 Layout 《布局》 • Focus on core and key cities and achieve the expansion from cities to urban agglomerations Develop 30 regional/city-level subsidiaries, each with annual contracted sales of RMB3bn or above • Complete the strategic framework of four major regions, laying a solid foundation for future growth Develop 15 regional/city-level subsidiaries, each with annual contracted sales of RMB3bn or above 29

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