Yongxing Project Overview and Xinyuan Project Investment Highlights

China's GDP Grew 2.3% in 2020 with Robust Economic Recovery China is the only major economy to grow in 2020 Quarterly year-on-year GDP 10% 5% 0% -5% GDP in 2020 grew 2.3% YoY to RMB101.6 trillion, topping RMB100 trillion for the first time despite the pandemic(1) 3Q +4.9% 4Q +6.5% • China was the only major economy to grow in 2020 • 2Q +3.2% National economy recovered steadily with accomplishment of main goals better than expected • Notable results in stabilizing employment and ensuring people's basic needs GDP in 4Q 2020 grew 6.5% YoY(1) • • 2021 Industrial production grew 2.8% YoY in 2020, and 7.1% YoY in 4Q 2020 Retail sales grew by 4.6% YoY in 4Q 2020, signalling dramatic rebound 1Q -6.8% -10% 2019 2020 China's Economic Forecast Economic Forecasts of China's GDP Growth S&P Global Ratings (2) Asian Development Bank(3) Fitch Ratings(4) Nomura (4) Natixis(4) World Bank(5) 2021(F) 7.0% 7.7% 8.0% 9.0% 7.8% 7.9% Source: (1) National Bureau of Statistics of China (2) https://www.spglobal.com/ratings/en/research/articles/201202-emerging-markets-risks-to-outlook-balanced-as-recovery-momentum-set-to-pick-up-in-2021-11761662#:~:text=We%20expect%20China's%20econom y%20to, and%20exports%20to%20private%20consumption. (3) https://www.adb.org/sites/default/files/publication/658721/ado-supplement-december-2020.pdf (4) https://www.cnbc.com/2020/12/10/fitch-upgrades-its-china-growth-forecast-for-2021.html (5) https:/ /www.worldbank.org/en/publication/global-economic-prospects 30

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