Investor Presentaiton

(All are actual images) • • Cultural tourism empowers core property business Yingde Aoyuan Xinhua Town - Leveraging its composite real estate model, Aoyuan creates a comprehensive model of "cultural tourism+industry+residence" to diversify sources of revenue With total site area of 700,000 sqm, Yingde Aoyuan Xinhua Town integrates theme park, science education, vacation resort, and ecological residence Aoyuan Yingde Chocolate Kingdom, the largest exhibition on chocolate culture in Asia, is set to become a new benchmark of cultural tourism in GBA • Yingde is well recognized as "Little Guilin in Guangdong" and "Hometown of Black Tea in China", with outstanding karst geomorphology and a long history of tea culture Aoyuan Yingde Chocolate Kingdom opened at end-Dec 2020, and is a vacation resort with comprehensive business model integrating chocolate IP, Yingde black tea culture, and branded hotels Yingde Aoyuan Xinhua Town Sales Centre Directed by Mr. Mei Shuaiyuan, pioneer of open-air theatre with natural backdrop in China, "The Queen's Party" is the first on-site panoramic immersive musical in China. Premiered in Feb 2021, it is set against the entire Tea and Chocolate Town of the Kingdom, taking audience on a journey of discovery of Chinese Yingde black tea culture and Western chocolate culture while actors and audience can interact directly Yingde Aoyuan Xinhua Town Chocolate Kingdom 亲子奇幻剧梅帅元导演团队作品 Total GFA (residential): approx. 900,000 sqm Total land cost: approx. RMB340mn Avg. land cost: approx. RMB370 per sqm Total saleable resources: approx. RMB7.2bn Cumulative sales: approx. RMB2.7bn Cumulative ASP: approx. RMB11,000 per sqm Yingde Aoyuan DoubleTree by Hilton Hotel Tea and Chocolate Town SHUAIYUAN MEI TEAM'S PRODUCTION PARENT-CHILD MAGIC SHOW “父王的盛宴! THE QUEENA 女王的是 CYLL QUEEN'S HARD Yingde Impression Shopping Street 首次成功 ร 英糯印象商业街开业仪式0 暨首届国潮文化节· Chocolate Factory Yingde Quanlin Water World 7

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